TY  - JOUR
TT  - Effect of Government Expenditure on GDP in the Turkish Economy
AU  - Şimşek, Esra
AU  - Orhan, Mehmet
AU  - Macit, Fatih
PY  - 2017
DA  - October
DO  - 10.33818/ier.336791
JF  - International Econometric Review
JO  - IER
PB  - Econometric Research Association
WT  - DergiPark
SN  - 1308-8793
SP  - 69
EP  - 76
VL  - 9
IS  - 2
KW  - Lucas Critique
KW  - Government Expenditure
KW  - Superexogeneity Test
N2  - The objective of this article is to investigate theeffect of government expenditure on GDP in Turkey from 2000Q1-2015Q4 by thesuperexogeneity test. As a consequence of satisfying both conditions of weak exogeneity and structuralinvariance, government expenditure issuperexogenous to GDP which implies that the policy regime shift for theperiod of the Global Financial Crisis in Turkey did not cause structuralvariance in government expenditure. Indeed, the Lucas Critique which indicatesthat policy regime shifts cause structural breaks, appears to be refuted.
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UR  - https://doi.org/10.33818/ier.336791
L1  - https://dergipark.org.tr/en/download/article-file/345595
ER  -