The Effect of the Expansionary Fiscal Policies on economic growth in OECD Countries Abstract

Year 2019, Volume: 4 Issue: 1, 59 - 74, 30.07.2019

Fatih Deyneli , Hilmi Çoban

https://doi.org/10.30927/ijpf.479622

Abstract

Although
monetary and fiscal policies are discussed in different economic approaches,
the main discussion is focused on fiscal policy. Because while the central bank
leads the monetary policy independently with its own policy goals and tools,
the government leads the fiscal policy via budget as a basic tool of the
economic policy.

In
this study, we analyze the relationship between economic growth and fiscal
impulse which is used to measure changes in public budget impacts by using the
panel data analysis with fixed effects in 33 OECD countries. We use the International
Monetary Fund and World Bank data. According to the results; the expansionary
effect of fiscal policies has no effect on economic growth between the period
of 2011 – 2017.

Keywords

: Fiscal Impulse, Keynesian Economics, Fiscal Policy, , Budget

OECD Ülkelerinde Genişletici Maliye Politikalarının Ekonomik Büyüme Üzerine Etkisi

Abstract

Para
ve maliye politikaları farklı ekonomik yaklaşımlar içinde ele alınan
politikalar olmasına rağmen, yaklaşımlar arasındaki temel tartışma maliye
politikası üzerindedir. Bunun nedeni, para politikasına amaç ve araç bağımsızlığı
çerçevesinde merkez bankası yön verirken; hükümetin bütçe aracılığı ile maliye
politikasını temel iktisat politikası aracı olarak kullanmasıdır.

Bu
çalışmada, kamu bütçesindeki meydana gelen değişmeleri ölçmek içinde kullanılan
mali etki ile ekonomik büyüme arasında ilişki 33 OECD için panel veri analizi
sabit etkiler modeli kullanılarak analiz edilmiştir. Çalışmada Uluslararası
Para Fonu ve Dünya Bankası verileri kullanılmıştır. 2011 – 2017 yılları arasını
kapsayan analiz sonuçlarına göre; maliye politikalarının genişletici etkisinin
ekonomik büyüme üzerindeki etkisinin olmadığı görülmektedir. 

Keywords

Mali etki, Keynesyen iktisat, Maliye Politikası, , Bütçe

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