KaydedilenlerDerginizi ekleyin

Dergiler / Selçuk Üniversitesi İktisadi ve İdari Bilimler Fakültesi Sosyal ve Ekonomik Araştırmalar Dergisi / 2007 / Sayı: 0

Social security spending and economic growth: An empirical investigation for Turkey using grander causality analysis

Naci Tolga SARUC
Oğuz KARADENİZ
Selami SEZGİN
Sayfa
171–182
DOI
—
🏛️Bu makalenin bibliyografik verileri ve tam metin bağlantısı DergiPark üzerinden sağlanmıştır.
DergiPark Kaydı ↗
✨

Yapay Zeka Hızlı Bakış & Çıkarımlar

AI Insight
⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

Direction of causality is running from social security to economic growth.

📌 3 Maddede Bu Makale

🎯
Amaç & Hipotez:This study analyse Granger causality between social security spending and economic growth in Turkey between 1965 and 2005.
📊
Temel Bulgular & Veri:According to this, social security expenditure has a positive effect on economic growth, since these expenditures induce people to retire early which in turn increase productivity and growth.
💡
Sonuç & Katkı:Direction of causality is running from social security to economic growth.
🔬Tür:Modelleme & Sayısal Simülasyon
📍Kapsam:2005 Verileri
⚙️Değişkenler:Alan Parametreleri

Abstract

This study analyse Granger causality between social security spending and economic growth in Turkey between 1965 and 2005. Many economic growth models indicate that social security expenditures which have purely redistributive policies have a negative effect on economic growth. These expenditures that financed with distortionary taxes reduce national savings and investments. On the other hand, some models predict the opposite effect. According to this, social security expenditure has a positive effect on economic growth, since these expenditures induce people to retire early which in turn increase productivity and growth. Many empirical works have been carried out finding mixed results on the subject. Analysing social security expenditure and economic growth in Turkey shows us both have increasing trends as it is in many other countries. In this study, we aim to investigate that is it social security expenditure leading to economic growth or economic growth increasing the social security spending? Granger causality test is applied in order to find the direction of causality in Turkey between 1965 and 2005. The result shows that while social security spending affects economic growth, economic growth does not have a significant impact on social security spending. Direction of causality is running from social security to economic growth.

🔖

Bu Makaleye Atıf Yap

SARUC, N. T., KARADENİZ, O., SEZGİN, S. (2007). Social security spending and economic growth: An empirical investigation for Turkey using grander causality analysis. Selçuk Üniversitesi İktisadi ve İdari Bilimler Fakültesi Sosyal ve Ekonomik Araştırmalar Dergisi, Sayı: 0, 171–182. https://ajindex.com/articles/315894

Kaynakça (16)

  1. Adar, S. (2005) Turkey: reform in social security, Journal of European Social Policy 17 (2), pp.167-168.
  2. Atkinson, A.B. (1995). "The Welfare State and economic performance", National Tax Journal 48, pp. 171-198.
  3. Atkinson, AJB. (1996). "Growth and the Welfare State: Is the Welfare State necessarily bad for economic growth", New Economy 3, pp. 182-198.
  4. Aydede, Y (2007). "Saving and Social Security Wealth: A Case of Turkey" (January 2007). http://ssrn.com/abstract=985656 (latest acces, 05.08. 2007).
  5. Barro, RJ. (1989). A cross-country study of growth, saving, and government, NBER Working Paper No. 2855. Barro, RJ. (1991). Economic growth in a cross section of countries, Quarterly Journal of Economics, 106(2), pp. 407-443:
  6. Bellettim, G. and Ceroni, C. (2000). "Social security expenditure and economic growth: an empirical assessment", Research in Economics, Vol. 54, pp. 249-75.
  7. Doornik, A. J. and Hendry, F. D. (1995) PC-GIVE 8-0: An Interactive Econometric Modelling System, Chapmen and Hall, London. Ehrlich, I. and Kim, J. (2005) Social security, demographic trends, and economic growth: theory and evidence from the international experience, NBER Working Papers: 11121. Ehrlich, I. and Zhong, J. (1998) "Social security and the real economy: an inquiry into some neglected issues", American Economic Review, 88(2), pp. 151-157.
  8. Feldstein, M. (1974).
  9. Social Security, Induced Retirement, and Aggregate Capital Accumulation. Journal of Political Economy. Vol.82, No.5. pp. 905-926.
  10. Feldstein, M. (1996). "Social Security and Saving: New Time-Series Evidence", National Tax Journal. Vol.49, No.2. pp.151-164.
  11. Gümüş, E. (2007). "Kamu Maliyesi Perspektifinden Sosyal Güvenlik Reform Sürecinin Değerlendirilmesi ve Finansal Geleceği", 22. Türkiye Maliye Sempozyumu, 9-13
  12. Mayıs, Belek, Antalya, http://www.sdu. du.tr/sempozyum/2006/rnalive/PDF/gumus erdal.pdf (latest acces, 05.08. 2007).
  13. Herce J. A., Sosvilla-Rivero S. and De Lucio J. J., (2001). "Growth and the Welfare States in the EU: A causality analysis", Public Choice, 109, pp. 55-68.
  14. Huntington, S. (1968), Political Order in Changing Societies, New Haven, Yale University Pres. Kaganovich, M. and Zilcha, I. (1999), "Education, social security, and growth", Journal of Public Economics, Vol. 71, pp. 289-309.
  15. Lee, Chien-Chiang and Chang, Chun-Ping (2006b) "Social security expenditures and economic growth A heterogeneous panel application", Journal of Economic Studies, 33 (5), pp. 386-404.
  16. Lee, Chien-Chiang and Chang, Chun-Ping (20