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Journals / Maliye Dergisi / 2014 / Sayı: 166

The analysis of effect of public expenditures on economic growth in Turkey through bound testing approach

Türkiye'de kamu harcamalarının ekonomik büyümeye etkisinin sınır testi yaklaşımı ile analizi

ESRA KABAKLARLI
Perihan Hazel ER
Pages
268–285
DOI
—
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AI Summary & Key Takeaways

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

According to the analysis results, while an increase in economic growth causes a decrease in public expenditures in short term, income elasticity of public expenditures is greater than zero so Wagner’s law has significant consequences in the long term according to Musgrave model.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The purpose of this study is to analyze the relationship between public expenditures and economic growth.
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Key Findings & Data:From the perspective of Wagner’s and Keynes’s approaches, relationship between public expenditures and economic growth in Turkish economy is tested using Bound Testing Approach and annual data for the period of 1930-2012.
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Conclusion & Impact:According to the analysis results, while an increase in economic growth causes a decrease in public expenditures in short term, income elasticity of public expenditures is greater than zero so Wagner’s law has significant consequences in the long term according to Musgrave model.
🔬Design:Modeling & Simulation
📍Scope:2012 Verileri
⚙️Variables:Domain Parameters

Abstract

The purpose of this study is to analyze the relationship between public expenditures and economic growth. From the perspective of Wagner’s and Keynes’s approaches, relationship between public expenditures and economic growth in Turkish economy is tested using Bound Testing Approach and annual data for the period of 1930-2012. This relationnship is discussed many times in terms of Turkey and tested with short term datas many times. 1930s , in which the industrial plans started after the Republic period, until to 2012 is considered in this paper with long term datas differently. According to the analysis results, while an increase in economic growth causes a decrease in public expenditures in short term, income elasticity of public expenditures is greater than zero so Wagner’s law has significant consequences in the long term according to Musgrave model.

Özet

Çalışmanın amacı Türkiye’de kamu harcamaları ile ekonomik büyüme arasındaki ilişkiyi analiz etmektir. Wagner ve Keynes yaklaşımları çerçevesinde çalışmada, Türkiye’de kamu harcamaları ve ekonomik büyüme arasındaki ilişki Sınır Testi yaklaşımıyla 1930-2012 dönemi yıllık verileri kullanılarak test edilmiştir. Türkiye açısından pek çok kez ele alınan bu konu daha çok kısa vadeli verilerle test edilmiştir. Çalışmada farklı olarak Cumhuriyet sonrası sanayi planlarının başladığı 1930'lardan 2012 yılına kadar olan uzun dönem verileriyle ele alınmıştır. Analiz sonuçlarına göre kısa dönemde ekonomik büyümedeki artış kamu harcamalarında azalışa neden olurken uzun dönemde kamu harcamalarının gelir esnekliği sıfırdan büyük çıkarak Wagner Yasası Musgrave modeline göre anlamlı sonuç doğurmuştur.

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Cite This Article

KABAKLARLI, E., ER, P. H. (2014). The analysis of effect of public expenditures on economic growth in Turkey through bound testing approach. Maliye Dergisi, Sayı: 166, 268–285. https://ajindex.com/articles/78980

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