Türkiye'de bütçe açıklarının makro ekonomik sonuçları

Bilgili, Faik (1999): Türkiye'de bütçe açıklarının makro ekonomik sonuçları. Published in: Journal of Faculty of Economics and Administrative Sciences, Erciyes University No. 15 (1999): pp. 153-169.

Abstract

This paper observes if budget deficit has significant impact on interest rates, exchange rates, and, price level through (a) theoretical discussions, and, (b) relevant statistical estimations by regression models and Granger causality models. The paper (i) reaches the regression output depicting that budget deficit has just significant influence on exchange rate for the annual period 1970-1997, (ii) reveals Granger causality from budget deficit to interest rates and price level for the annual period 1970-1997, and, (iii) explores, on the other hand, that neither regression parameters nor Granger Causality parameters had statistical significance on interest rates, exchange rates and price level in Turkey for the monthly period 1993:1-1998:7.

• Item Type: MPRA Paper
• English Title: The macroeconomic effects of budget deficits in Turkey
• Language: Turkish
• Keywords: Budget deficit, fiscal policy, crowding-out, Turkish economy, cointegration, Granger causality
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B22 - Macroeconomics; B - History of Economic Thought, Methodology, and Heterodox Approaches > B3 - History of Economic Thought: Individuals > B30 - General; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C12 - Hypothesis Testing: General; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C13 - Estimation: General; C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C52 - Model Evaluation, Validation, and Selection; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E30 - General; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E40 - General; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E60 - General; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E61 - Policy Objectives ; Policy Designs and Consistency ; Policy Coordination; H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H20 - General

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