Research Article
BibTex RIS Cite

The Effect of Public Expendıtures on Economic Growth: An Examination The Validity of Wagner’s Law and Keynesian Hypothesis in Turkey

Year 2020, Volume: 34 Issue: 3, 895 - 915, 15.07.2020
https://doi.org/10.16951/atauniiibd.701686

Abstract

References

  • ADİL, M. H., GANAIE, A. A., ve KAMAIAH, B. (2017). Wagner’s Hypothesis: An Empirical Verification. IIM Kozhikode Society & Management Review, 6(1), 1-12.
  • ALİ, W., ve MUNİR, K. (2016). Testing Wagner Versus Keynesian Hypothesis for Pakistan: The Role of Aggregate and Disaggregate Expenditure. MPRA Paper No. 74570, Retrieved from https://mpra. ub.uni-muenchen.de/74570/
  • ANTONIS, A., CONSTANTIONS, K., ve PERSEFONI, T. (2013). Wagner’s law Versus Keynesian Hypothesis: Evidence from Pre-WWII Greece. Panoeconomicus, 60(4), 457-472.
  • ATASOY, B. S., ve GÜR, T. H. (2013). Does the Wagner’s Hypothesis Hold for China? Evidence from Static and Dynamic Analyses. Panoeconomicus, 63(1), 45-60.
  • BISWAL, B., DHAWAN, U., ve Lee, H. (1999). Testing Wagner Versus Keynes Using Disaggregated Public Expenditure Data for Canada”. Applied Economics, 31(10), 1283-1291.
  • ÇETİNKAYA, M., ve ŞAHİN, A. (2009). Türkiye’de Toplam Kamu Harcamaları ve Üretim İlişkisi. Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 22/2009, 105-115.
  • DICKEY, D. A., ve FULLER, W. A. (1981). Likelihood Ratio Statistics for Autoregressive Time Series With a Unit Root. Econometrica, 49(4), 1057-1071.
  • ELDEMERDASH, H., ve AHMED, K. I. S. (2019). Wagner's law vs. Keynesian Hypothesis: New Evidence for Egypt. International Journal of Arts and Commerce, 8(9), 1-18.
  • GOFFMAN, I.J. (1968). On the Empirical Testing of Wagner’s Law: a Technical Note. Public Finance/ Finance Publiques, 23, 359-64.
  • GUMUS, E., ve MAMMADOV, R. (2019) Real Government Expenditure and Economic Growth in the Southern Caucasus Countries: A Panel Data Analysis. Khazar Journal of Humanities and Social Sciences, 22(2), 20-34.
  • GUPTA, S.P. (1967). Public Expenditure and Economic Growth: A Time Analysis. Public Finance/Finances Publique, 22 (4), 423-61.
  • IHENSEKHIEN, O. A., ve MAYUKU, J. G. (2019). Government Expenditures in Nigeria: Re-Examination of Wagner’s Law. Economics and Political Economy, 6(2), 143-158.
  • ISMAL, R. (2011). “Assessing Economic Growth and Fiscal Policy in Indonesia”, Journal of Economics and Business, 14(1), ss.53-71.
  • KANCA, O. C. (2011). Kamu Harcamalarının Ekonomik Büyüme Üzerine Etkisi 1980-2008 (Ampirik Bir Çalışma). Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 25(1), 75-92.
  • KARAHAN, Ö., ve ÇOLAK, O. (2019). Examining the Validity of Wagner's Law Versus Keynesian Hypothesis: Evidence from Turkey's Economy. Scientific Annals of Economics and Business, 66(1), 117-130.
  • KİRAZ, H., ve GÜMÜŞ, E. (2017). Kamu Harcamalarının Büyümeye Etkisi: OECD Ülkeleri Üzerine Bir Araştırma. Finans Politik & Ekonomik Yorumlar, 54(631), 9-22.
  • LESHORO, T. L. A. (2017). Investigating the Non-Linear Wagner’s Hypothesis in South Africa. African Journal of Economic and Management Studies, 8(4), 462-473.
  • MAGAZZINO, C. (2012). The Nexus Between Disaggregated Public Spending and GDP in the Euro Area Economics Bulletin, Access Econ, 32(3), 2560-2579.
  • MANN, A.J. (1980). Wagner’s Law: An Econometric Test for Mexico 1925-1976. National Tax Journal, 33, 189-201.
  • MICHAS, N. A. (1975). Wagner’s Law of Public Expenditures: What is the Appropriate Measurement for a Valid Test. Public Finance/ Finances Publiques, 30(1), 77-84.
  • MOORE, S. (2016). Wagner in Ireland: An Econometric Analysis. The Economic and Social Review, 47(1), 69-103.
  • MUSGRAVE, R. A. (1969). Fiscal systems, New Haven and London: Yale University Pres.
  • NİŞANCI, M., UÇAR, M., ve KARABIYIK, İ. (2011). İktisadi Büyüme ve Kamu Harcamaları Arasındaki Nedensellik İlişkisi. Hukuk, Ekonomi ve Siyasal Bilimler Aylık İnternet Dergisi, 111, 1-7.
  • OWALOBI-MERCES, O. (2015). Re-examining the Wagner's Law Versus Keynesian Hypothesis: Evidence from Nigeria. International Letters of Social and Humanistic Sciences, (57), 142-146.
  • PAHLAVANİ, M., ABED, D., ve POURSHABİ, F. (2011). Investigating the Keynesian View and Wagner’s Law on the Size of Government and Economic Growth in Iran. International Journal of Business and Social Science, 2(13), 170-175.
  • PAUL, F., ve FURAHISHA, G. (2017). Government Expenditure and Economic Growth Nexus: Wagner's Law or Keynesian Hypothesis for Tanzania?. African Journal of Economic Review, 5(1), 32-47.
  • PEACOCK, A.T., ve WISEMAN, J. (1961). The Growth of Public Expenditure in the United Kingdom, Princeton: Princeton University Pres.
  • PHILLIPS, P. C. B., ve OULIARIS, S. (1990). Asymptotic properties of residual based tests for cointegration”, Econometrica, 58, 165–193.
  • PRYOR, F.L. (1968). Public Expenditures in Communist and Capitalist Nations, London: George Allen and Unwin,
  • RICHTER, C., PAPARAS, D., ve ANTHOULA, A. (2012). The Validity of Wagner’s Law in United Kingdom for the Period 1850-2010. EcoMod, 4131, 1-14.
  • TASSEVEN, Ö. (2006). The Wagner’s Law: Time Series Evidence for Turkey 1960-2006. Doğuş Üniversitesi Dergisi, 12 (2), 304-316.
  • TCMB (2019). Türkiye Cumhuriyet Merkez Bankası, elektronik veri dağıtım sistemi (EVDS).
  • TELEK, C. ve TELEK, A. (2016). Kamu Harcamaları ve Ekonomik Büyüme İlişkisinin Wagner ve Keynes Hipotezi Çerçevesinde İncelenmesi. Uluslararası Yönetim İktisat ve İşletme Dergisi, ICAFR 16 Özel Sayısı, 628-642.
  • UDO, A. ve EFFIONG, C. (2014). Economic Growth and Wagner’s Hypothesis: The Nigerian Experience. Journal of Economics and Sustainable Development, 5(16), 41-58.
  • WANG, L., PECULEA, A. D. ve XU, H. (2016). The Relationship Between Public Expenditure and Economic Growth in Romania: Does It Obey Wagner’s or Keynes’s Law?. Theoretical and Applied Economics, 23(3), 45-52.

Kamu Harcamalarının Ekonomik Büyüme Üzerindeki Etkisi: Wagner Yasası’nın ve Keynesyen Hipotez’in Türkiye'de Geçerliliği Üzerine Bir İnceleme

Year 2020, Volume: 34 Issue: 3, 895 - 915, 15.07.2020
https://doi.org/10.16951/atauniiibd.701686

Abstract

Bu çalışma, Türkiye'de 2006-2019 dönemi için kamu harcamalarının ekonomik büyüme üzerindeki rolünü ve Wagner Yasası ile Kenyesyen Hipotezinin geçerliliğini incelemeyi amaçlamıştır. Bu amaçla çalışmada, üçer aylık zaman serileri kullanılmış olup Phillips-Ouliaris eşbütünleşme ve hata düzeltme modeli Granger Nedensellik test yöntemleri uygulanmıştır. Elde edilen bulgular, Türkiye'de kamu harcamalarının reel gayri safi yurtiçi hasıla büyümesi üzerinde etkili olduğunu, hem Wagner Yasası'nın hem Keynesyen Hipotezin geçerli olduğunu göstermiştir. Phillips-Ouliaris Eşbütünleşme test sonuçları, kamu harcaması değişkenleri ile reel gayri safi yurtiçi hasıla değişkenlerinin uzun dönemde ilişkili olduklarını ortaya koymuştur. Hata düzeltme modeli Granger Nedensellik test sonuçları da, kamu harcaması değişkenleri ile reel gayri safi yurtiçi hasıla değişkenleri arasında nedensellik ilişkisinin var olduğunu göstermiştir.

References

  • ADİL, M. H., GANAIE, A. A., ve KAMAIAH, B. (2017). Wagner’s Hypothesis: An Empirical Verification. IIM Kozhikode Society & Management Review, 6(1), 1-12.
  • ALİ, W., ve MUNİR, K. (2016). Testing Wagner Versus Keynesian Hypothesis for Pakistan: The Role of Aggregate and Disaggregate Expenditure. MPRA Paper No. 74570, Retrieved from https://mpra. ub.uni-muenchen.de/74570/
  • ANTONIS, A., CONSTANTIONS, K., ve PERSEFONI, T. (2013). Wagner’s law Versus Keynesian Hypothesis: Evidence from Pre-WWII Greece. Panoeconomicus, 60(4), 457-472.
  • ATASOY, B. S., ve GÜR, T. H. (2013). Does the Wagner’s Hypothesis Hold for China? Evidence from Static and Dynamic Analyses. Panoeconomicus, 63(1), 45-60.
  • BISWAL, B., DHAWAN, U., ve Lee, H. (1999). Testing Wagner Versus Keynes Using Disaggregated Public Expenditure Data for Canada”. Applied Economics, 31(10), 1283-1291.
  • ÇETİNKAYA, M., ve ŞAHİN, A. (2009). Türkiye’de Toplam Kamu Harcamaları ve Üretim İlişkisi. Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 22/2009, 105-115.
  • DICKEY, D. A., ve FULLER, W. A. (1981). Likelihood Ratio Statistics for Autoregressive Time Series With a Unit Root. Econometrica, 49(4), 1057-1071.
  • ELDEMERDASH, H., ve AHMED, K. I. S. (2019). Wagner's law vs. Keynesian Hypothesis: New Evidence for Egypt. International Journal of Arts and Commerce, 8(9), 1-18.
  • GOFFMAN, I.J. (1968). On the Empirical Testing of Wagner’s Law: a Technical Note. Public Finance/ Finance Publiques, 23, 359-64.
  • GUMUS, E., ve MAMMADOV, R. (2019) Real Government Expenditure and Economic Growth in the Southern Caucasus Countries: A Panel Data Analysis. Khazar Journal of Humanities and Social Sciences, 22(2), 20-34.
  • GUPTA, S.P. (1967). Public Expenditure and Economic Growth: A Time Analysis. Public Finance/Finances Publique, 22 (4), 423-61.
  • IHENSEKHIEN, O. A., ve MAYUKU, J. G. (2019). Government Expenditures in Nigeria: Re-Examination of Wagner’s Law. Economics and Political Economy, 6(2), 143-158.
  • ISMAL, R. (2011). “Assessing Economic Growth and Fiscal Policy in Indonesia”, Journal of Economics and Business, 14(1), ss.53-71.
  • KANCA, O. C. (2011). Kamu Harcamalarının Ekonomik Büyüme Üzerine Etkisi 1980-2008 (Ampirik Bir Çalışma). Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 25(1), 75-92.
  • KARAHAN, Ö., ve ÇOLAK, O. (2019). Examining the Validity of Wagner's Law Versus Keynesian Hypothesis: Evidence from Turkey's Economy. Scientific Annals of Economics and Business, 66(1), 117-130.
  • KİRAZ, H., ve GÜMÜŞ, E. (2017). Kamu Harcamalarının Büyümeye Etkisi: OECD Ülkeleri Üzerine Bir Araştırma. Finans Politik & Ekonomik Yorumlar, 54(631), 9-22.
  • LESHORO, T. L. A. (2017). Investigating the Non-Linear Wagner’s Hypothesis in South Africa. African Journal of Economic and Management Studies, 8(4), 462-473.
  • MAGAZZINO, C. (2012). The Nexus Between Disaggregated Public Spending and GDP in the Euro Area Economics Bulletin, Access Econ, 32(3), 2560-2579.
  • MANN, A.J. (1980). Wagner’s Law: An Econometric Test for Mexico 1925-1976. National Tax Journal, 33, 189-201.
  • MICHAS, N. A. (1975). Wagner’s Law of Public Expenditures: What is the Appropriate Measurement for a Valid Test. Public Finance/ Finances Publiques, 30(1), 77-84.
  • MOORE, S. (2016). Wagner in Ireland: An Econometric Analysis. The Economic and Social Review, 47(1), 69-103.
  • MUSGRAVE, R. A. (1969). Fiscal systems, New Haven and London: Yale University Pres.
  • NİŞANCI, M., UÇAR, M., ve KARABIYIK, İ. (2011). İktisadi Büyüme ve Kamu Harcamaları Arasındaki Nedensellik İlişkisi. Hukuk, Ekonomi ve Siyasal Bilimler Aylık İnternet Dergisi, 111, 1-7.
  • OWALOBI-MERCES, O. (2015). Re-examining the Wagner's Law Versus Keynesian Hypothesis: Evidence from Nigeria. International Letters of Social and Humanistic Sciences, (57), 142-146.
  • PAHLAVANİ, M., ABED, D., ve POURSHABİ, F. (2011). Investigating the Keynesian View and Wagner’s Law on the Size of Government and Economic Growth in Iran. International Journal of Business and Social Science, 2(13), 170-175.
  • PAUL, F., ve FURAHISHA, G. (2017). Government Expenditure and Economic Growth Nexus: Wagner's Law or Keynesian Hypothesis for Tanzania?. African Journal of Economic Review, 5(1), 32-47.
  • PEACOCK, A.T., ve WISEMAN, J. (1961). The Growth of Public Expenditure in the United Kingdom, Princeton: Princeton University Pres.
  • PHILLIPS, P. C. B., ve OULIARIS, S. (1990). Asymptotic properties of residual based tests for cointegration”, Econometrica, 58, 165–193.
  • PRYOR, F.L. (1968). Public Expenditures in Communist and Capitalist Nations, London: George Allen and Unwin,
  • RICHTER, C., PAPARAS, D., ve ANTHOULA, A. (2012). The Validity of Wagner’s Law in United Kingdom for the Period 1850-2010. EcoMod, 4131, 1-14.
  • TASSEVEN, Ö. (2006). The Wagner’s Law: Time Series Evidence for Turkey 1960-2006. Doğuş Üniversitesi Dergisi, 12 (2), 304-316.
  • TCMB (2019). Türkiye Cumhuriyet Merkez Bankası, elektronik veri dağıtım sistemi (EVDS).
  • TELEK, C. ve TELEK, A. (2016). Kamu Harcamaları ve Ekonomik Büyüme İlişkisinin Wagner ve Keynes Hipotezi Çerçevesinde İncelenmesi. Uluslararası Yönetim İktisat ve İşletme Dergisi, ICAFR 16 Özel Sayısı, 628-642.
  • UDO, A. ve EFFIONG, C. (2014). Economic Growth and Wagner’s Hypothesis: The Nigerian Experience. Journal of Economics and Sustainable Development, 5(16), 41-58.
  • WANG, L., PECULEA, A. D. ve XU, H. (2016). The Relationship Between Public Expenditure and Economic Growth in Romania: Does It Obey Wagner’s or Keynes’s Law?. Theoretical and Applied Economics, 23(3), 45-52.
There are 35 citations in total.

Details

Primary Language Turkish
Journal Section Makaleler
Authors

Musa Atgür 0000-0003-0429-4619

Publication Date July 15, 2020
Published in Issue Year 2020 Volume: 34 Issue: 3

Cite

APA Atgür, M. (2020). Kamu Harcamalarının Ekonomik Büyüme Üzerindeki Etkisi: Wagner Yasası’nın ve Keynesyen Hipotez’in Türkiye’de Geçerliliği Üzerine Bir İnceleme. Atatürk Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 34(3), 895-915. https://doi.org/10.16951/atauniiibd.701686

4aoDA4.pngithenticate-badge-rec-positive.png800px-Open-Access-PLoS.svg.png