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Journals / Gümüşhane Üniversitesi Sosyal Bilimler Dergisi / 2016 / Cilt: 7 - Sayı: 17

THE RELATIONSHIP BETWEEN PUBLIC EXPENDITURES AND ECONOMIC GROWTH: THE CASE OF TURKEY

KAMU HARCAMALARI-EKONOMİK BÜYÜME İLİŞKİSİ: TÜRKİYE ÖRNEĞİ

Selim ŞANLISOY
Orçun SUNAL
Pages
102–122
Publication Date
2022-10-19
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

According to cointegration test results, it is concluded that Wagner’s Law is valid

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study has evaluated the causality between public expenditures and economic growth within the framework of Wagner’s Law and Keynes’s Hypothesis, by putting forth the development of public expenditures in Turkey for the period of 1980-2010.
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Key Findings & Data:It was aimed to put forth the importance of public expenditures for the Turkish economy through investigating the relations of public expenditures with economic growth by using the models that are related to Wagner’s Law.
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Conclusion & Impact:According to cointegration test results, it is concluded that Wagner’s Law is valid
🔬Design:Modeling & Simulation
📍Scope:2010 Verileri
⚙️Variables:Domain Parameters

Abstract

This study has evaluated the causality between public expenditures and economic growth within the framework of Wagner’s Law and Keynes’s Hypothesis, by putting forth the development of public expenditures in Turkey for the period of 1980-2010. It was aimed to put forth the importance of public expenditures for the Turkish economy through investigating the relations of public expenditures with economic growth by using the models that are related to Wagner’s Law. In study econometric analyses are performed by using public expenditures and GDP annually. In this context, relationships between these variables are revealed by using ADF unit-root test, Toda and Yamamoto causality test and dynamic least squares method. Analyses are performed in the context of models of Peacock-Wiseman, Goffman-Mahar, Gupta-Michas, Mann and Payne-Ewing which consider Wagner’s Law. As a result of analyses, a causality relation was not found between public expenditures in terms of Peacock-Wiseman model and although the Wagner’s Law and Keynes’s Hypothesis are valid in Turkish economy with regrad to other four models. According to cointegration test results, it is concluded that Wagner’s Law is valid

Özet

Bu çalışmada, 1980-2010 döneminde Türkiye'de kamu harcamalarının gelişimi ortaya konularak, kamu harcamaları ile ekonomik büyüme ilişkisi Wagner Kanunu ve Keynes Hipotezi çerçevesinde değerlendirilmiştir. Wagner Kanunu'nu araştırmaya yönelik modeller kullanılarak kamu harcamaları ile ekonomik büyüme ilişkisi araştırılıp, kamu harcamalarının Türkiye ekonomisi için öneminin ortaya konulması amaçlanmıştır. Bu bağlamda ADF birim kök testi, Toda ve Yamamoto nedensellik testi ve dinamik en küçük kareler yönteminden yararlanılarak söz konusu değişkenler arasındaki ilişki ortaya konulmuştur. Wagner Kanunu dikkate alan; Peacock-Wiseman, Goffman-Mahar, Gupta-Michas, Mann ve Payne-Ewing modelleri çerçevesinde analizler gerçekleştirilmiştir. Yapılan analizler neticesinde sadece Peacock-Wiseman modeli için kamu harcamaları ile ekonomik büyüme arasında nedensellik ilişkisi tespit edilememiş diğer dört model için Türkiye ekonomisinde gerek Wagner Kanunu gerekse Keynes Hipotezi ile uyumlu olarak nedensellik ilişkisinin var olduğu sonucuna ulaşılmıştır. Bununla birlikte eşbütünleşme testi sonucunda Wagner Kanunu'nun geçerli olduğu tespit edilmiştir

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Cite This Article

ŞANLISOY, S., SUNAL, O. (2022). THE RELATIONSHIP BETWEEN PUBLIC EXPENDITURES AND ECONOMIC GROWTH: THE CASE OF TURKEY. Gümüşhane Üniversitesi Sosyal Bilimler Dergisi, Cilt: 7 - Sayı: 17, 102–122. https://ajindex.com/articles/527761

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