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Journals / Maliye Dergisi / 2018 / Sayı: 174

Flypaper Effect in Metropolitan Municipalities in Turkey: Artificial Neural Networks and Cointegration Analysis

Türkiye’de Büyükşehir Belediyelerinde Flypaper (Sinek Kağıdı) Etkisi: Yapay Sinir Ağları ve Eşbütünleşme Analizi

OKTAY KIZILKAYA
MEHMET DAĞ
SELİM DEMEZ
Pages
484–501
DOI
—
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AI Summary & Key Takeaways

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

According to the results of FMOLS, flypaper effect is valid for the Metropolitan Municipalities in Turkey in the long term.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The approach which argues that financial transfers from the central administrations increase the dependency of local administrations on financial transfers and thus the negative effect of the efforts to obtain other income is called flypaper effect in the literature.
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Key Findings & Data:The presence of the cointegration relationship has been tested by the Bayer and Hanck (2012) cointegration test.
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Conclusion & Impact:According to the results of FMOLS, flypaper effect is valid for the Metropolitan Municipalities in Turkey in the long term.
🔬Design:Research Article
📍Scope:2012 Verileri
⚙️Variables:Domain Parameters

Abstract

The approach which argues that financial transfers from the central administrations increase the dependency of local administrations on financial transfers and thus the negative effect of the efforts to obtain other income is called flypaper effect in the literature. Firstly, the validity of the flypaper effect on Metropolitan Municipality in Turkey, is examined by using Artificial Neural Networks (ANN) and the results have shown that the effect is valid. In the second phase, econometric methods are used. The presence of the cointegration relationship has been tested by the Bayer and Hanck (2012) cointegration test. Long term cointegration coefficients between the series are estimated by FMOLS method. According to the results of FMOLS, flypaper effect is valid for the Metropolitan Municipalities in Turkey in the long term.

Özet

Merkezi idarelerden yapılan mali transferlerin yerel idarelerin mali transferlere olan bağımlılığını artırması ve buna bağlı olarak da diğer gelirleri elde etme gayretinin olumsuz etkilenmesi literatürde flypaper etkisi olarak adlandırılmaktadır. Çalışmada Türkiye’de büyükşehir belediyelerinde flypaper etkisinin geçerliliği ilk olarak Yapay Sinir Ağları (YSA) yöntemiyle incelenmiş ve flypaper etkisinin geçerli olduğu bulgusuna ulaşılmıştır. İkinci aşamada ise ekonometrik yöntemler kullanılmıştır. Bu çerçevede eşbütünleşme ilişkisinin varlığı Bayer ve Hanck (2012) tarafından geliştirilen eşbütünleşme testi ile sınanmıştır. Seriler arasındaki uzun dönem eşbütünleşme katsayıları ise FMOLS yöntemi ile tahmin edilmiştir. FMOLS sonuçlarına göre Türkiye’de uzun dönemde büyükşehir belediyelerinde flypaper etkisinin geçerli olduğu sonucuna ulaşılmıştır.

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Cite This Article

KIZILKAYA, O., DAĞ, M., DEMEZ, S. (2018). Flypaper Effect in Metropolitan Municipalities in Turkey: Artificial Neural Networks and Cointegration Analysis. Maliye Dergisi, Sayı: 174, 484–501. https://ajindex.com/articles/78874

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