Munich Personal RePEc Archive

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.

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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.

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