Abstract
Bu çalışmanın amacı, Türkiye’de özel sektör dengesinin hükümet
bütçesi üzerindeki etkisini büyüme oranı, finans hesabı dengesi
ve hanehalkı tüketim harcamalarını kullanarak incelemektir.
Bu kapsamda ARDL yaklaşımı kullanılmıştır. Bulgular özel sektör
dengesinin, hükümet bütçesi dengesi üzerinde anlamlı bir etkide
bulunmadığını göstermektedir. Finans hesabı dengesinin, hükümet
bütçe dengesini uzun ve kısa dönemde önemli biçimde etkileyen
tek değişken olduğu sonucuna ulaşılmaktadır.
Keywords
Özel Sektör Dengesi Hükümet Bütçe Dengesi Finans Hesabı Dengesi Özel Sektör Davranışının Etkisi
References
- Abdih Y., Lopez-Murphy P., Roitman A., and Sahay R. 2010. The cyclicality of fiscal policy in the Middle East and Central Asia: Is the current crisis different?. IMF Working Paper, WP/10/68. Acaravcı, A., and Öztürk, İ. 2008. Twin deficits phenomenon: Empirical evidence from the ARDL bound test approach for Turkey. International Journal of Statistics & Economics, 2(8), 57-64. Akbaş, Y. E., Lebe, F., and Zeren, F. 2014. Testing the validity of the triplet deficit hypothesis for Turkey: Asymmetric causality analysis. Journal of Business and Economics, 7(14), 137-154. Aksu, H., and Başar, S. 2009. Türkiye için ikiz açıklar hipotezinin tahmini: Bir sınır testi yaklaşımı. Ankara Üniversitesi SBF Dergisi, 64(4), 1-14. Alesina, A., Campante, F., and Tabellini, G. 2008. Why is fiscal policy often procyclical?. Journal of the European Economic Association, 6(5), 1006- 1036. Aristovnik, A., and Djurić, S. 2010. Twin deficits and the Feldstein-Horioka puzzle: A comparison of the EU member states and candidate countries. Munich Personal RePEc Archive, No: 24149. Barro, R. 1974. Are government bonds net wealth?. Journal of Political Economy, University of Chicago Press, 82(6), 1095-1117. Barro, R. 1989. The Ricardian approach to budget deficits. Journal of Economic Perspectives, American Economic Association, 3(2), 37-54. Ciumas, C., Vaidean, V., and Karsai, Z. 2012. Implications of private sector behavior on public finance sector. Procedia Economics and Finance, 3, 152-157. Çatık, A. N., Gök, B., and Akseki, U. 2015. A nonlinear investigation of the twin deficits hypothesis over the business cycle: Evidence from Turkey. Economic Systems, 39(1), 181-196. Engle, R. F. and Granger, C. W. J. 1987. Co-integration and error correction: Representation, estimation and testing. Econometrica, 55(2), 251-276.
Abstract
This paper aims to examine the effect of private sector balance
(PSB) on government budget balance (BD) in Turkey by using
growth rate (GE), financial account balance (FA), and household
consumption expenditures (CH). In this context, ARDL approach is
employed. Findings suggest that PSB does not have a significant
effect on BD. FA has been found to be the only variable which has
a significant effect on BD in both the long and short run.
Keywords
Private Sector Balance Government Budget Balance Financial Account Balance Impact of Private Sector Behaviour
References
- Abdih Y., Lopez-Murphy P., Roitman A., and Sahay R. 2010. The cyclicality of fiscal policy in the Middle East and Central Asia: Is the current crisis different?. IMF Working Paper, WP/10/68. Acaravcı, A., and Öztürk, İ. 2008. Twin deficits phenomenon: Empirical evidence from the ARDL bound test approach for Turkey. International Journal of Statistics & Economics, 2(8), 57-64. Akbaş, Y. E., Lebe, F., and Zeren, F. 2014. Testing the validity of the triplet deficit hypothesis for Turkey: Asymmetric causality analysis. Journal of Business and Economics, 7(14), 137-154. Aksu, H., and Başar, S. 2009. Türkiye için ikiz açıklar hipotezinin tahmini: Bir sınır testi yaklaşımı. Ankara Üniversitesi SBF Dergisi, 64(4), 1-14. Alesina, A., Campante, F., and Tabellini, G. 2008. Why is fiscal policy often procyclical?. Journal of the European Economic Association, 6(5), 1006- 1036. Aristovnik, A., and Djurić, S. 2010. Twin deficits and the Feldstein-Horioka puzzle: A comparison of the EU member states and candidate countries. Munich Personal RePEc Archive, No: 24149. Barro, R. 1974. Are government bonds net wealth?. Journal of Political Economy, University of Chicago Press, 82(6), 1095-1117. Barro, R. 1989. The Ricardian approach to budget deficits. Journal of Economic Perspectives, American Economic Association, 3(2), 37-54. Ciumas, C., Vaidean, V., and Karsai, Z. 2012. Implications of private sector behavior on public finance sector. Procedia Economics and Finance, 3, 152-157. Çatık, A. N., Gök, B., and Akseki, U. 2015. A nonlinear investigation of the twin deficits hypothesis over the business cycle: Evidence from Turkey. Economic Systems, 39(1), 181-196. Engle, R. F. and Granger, C. W. J. 1987. Co-integration and error correction: Representation, estimation and testing. Econometrica, 55(2), 251-276.
Details
| Journal Section | Articles |
|---|---|
| Authors | |
| Publication Date | April 1, 2016 |
| Submission Date | May 12, 2017 |
| Published in Issue | Year 2016 Issue: 105 |
- The journal specializes in especially in all the fields of finance and banking.