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Kamu Harcamaları ve Ekonomik Büyüme İlişkisi: Geçiş Sürecindeki Türk Cumhuriyetleri Üzerine Bir Uygulama

Year 2015, Issue: 73, 231 - 248, 01.03.2015

Ömer Esen Metin Bayrak

Abstract

Bu çalışmada, geçiş sürecindeki 5 Türk Cumhuriyeti (Azerbaycan, Kazakistan, Kırgızistan, Özbekistan ve Türkmenistan) için panel veri analizi kullanılarak 1990-2012 dönemine ait kamu harcamalarının ekonomik büyüme üzerindeki etkileri incelenmektedir. Bu kapsamda panel veri analizine ilişkin birim kök, eş-bütünleşme ve nedensellik testleri uygulanarak, kamu harcamaları ile ekonomik büyüme arasındaki uzun dönem katsayıları araştırılmaktadır. Elde edilen analiz sonuçlarına göre, kamu harcamaları ile ekonomik büyüme arasında uzun dönemde pozitif ve istatistiksel olarak anlamlı bir ilişki bulunmaktadır. Geçiş sürecindeki ülkelerde incelenen dönemde kamu harcamalarındaki artışın iktisadi büyümeyi olumlu yönde etkilediği gözlenmektedir

Keywords

Kamu harcamaları ekonomik büyüme Türk devletleri geçiş ekonomileri panel veri analizi

References

  • Al-Faris, A.F. (2002). “Public Expenditure and Economic Growth in the Gulf Cooperation Council Countries”. Applied Economics 34 (9): 1187-1195.
  • Altay, Oğuzhan ve Onur Altın (2008). “Türkiye’de Kamu Harcamalarının Ekonomik Büyüme ve Yatırımlar Üzerine Etkilerinin Analizi (1980-2005)”. Ege Akademik Bakış 8 (1): 267-285.
  • Altunç, Ömer Faruk (2011). “Kamu Harcamaları ve Ekonomik Büyüme İlişkisi: Türkiye’ye İlişkin Ampirik Kanıtlar”. Yönetim ve Ekonomi 18 (2): 145-157.
  • Arrow, Kenneth J. (1962). “The Economic Implications of Learning by Doing”. Review of Economic Studies 29 (3): 155-173.
  • Atamtürk, Burak (2007). “Büyüme Teorileri ve IMF Politikaları”. Marmara Üniversitesi İİBF Dergisi 22(1): 89-103.
  • Barro, Robert J. (1990). “Government Spending in a Simple Model of Endogenous Growth”. Journal of Political Economy 98 (5): 103-125.
  • _____, “Economic Growth in a Cross Section of Countries”. Quarterly Journal of Economics 106 (2): 407-443.
  • Barro, Robert J. ve Gary S. Becker (1989). “Fertility Choice in a Model of Economic Growth”. Econometrica 57(2): 481-501.
  • Barro, Robert J. ve Xavier Sala-i-Martin (1992). “Convergence”. Journal of Political Economy 100 (2): 223-251.
  • Becker, Gary S., Kevin M. Murphy ve Robert Tamura (1990). “Human Capital, Fertility and Economic Growth”. Journal of Political Economy 98 (5): 12-37.
  • Bose, Niloy, M. Emranul Haque ve Denise R. Osborn (2007). “Public Expenditure and Economic Growth: A Disaggregated Analysis For Developing Countries”. The Manchester School 75 (5): 533-556.
  • Choi, In (2001). “Unit Roots Tests for Panel Data”. Journal of International Money and Finance 20 (2): 229-272.
  • Dandan, Mwafaq M. (2011). “Government Expenditures and Economic Growth in Jordan”. International Conference on Economics and Finance Research IPEDR 4 (2011): 467-471.
  • Devarajan, Shantayanan, Vinaya Swaroop ve Heng-fu Zou (1996). “The Composition of Public Expenditure and Economic Growth”. Journal of Monetary Economics 37 (2): 313-344.
  • Dünya Bankası. World Development Indicators (WDI) & Global Development Finance (GDF). http://databank.worldbank.org/
  • Ercan, Nihal Yener (2002). “İçsel Büyüme Teorisi: Genel Bir Bakış”. Planlama Dergisi: 129-138. http://138 ekutup.dpt.gov.tr/planlama/42nciyil/ercanny .pdf [Erişim: 24.01.2013].
  • Ghali, Khalifa H. (1997). “Government Spending and Economic Growth in Saudi Arabia”. Journal of Economic Development 22 (2): 165-172.
  • Im, Kyung So, M. Hashem Pesaran ve Yongcheol Shin (2003). “Testing for Unit Roots in Heterogeneous Panels”. Journal of Econometrics 115 (1): 53-74.
  • Jiranyakul, Komain ve Tantatape Brahmasrene (2007). “The Relationship Between Government Expenditures and Economic Growth in Thailand”. Journal of Economics and Economic Education Research 8 (1): 93-102.
  • Kao, Chihwa ve Min-Hsien Chiang (2001). “On the Estimation and Inference of a Cointegrated Regression in Panel Data”. Advances in Econometrics 15: 179–222.
  • Kar, Muhsin ve Sami Taban (2003). “Kamu Harcama Çeşitlerinin Ekonomik Büyü- me Üzerindeki Etkileri”. Ankara Üniversitesi SBF Dergisi 58 (3): 145-169.
  • King, Robert G. ve Sergio Rebelo (1990). “Public Policy and Economic Growth: Developing Neoclassical Implications”. Journal of Political Economy 98 (5): 126-150.
  • Levin, Andrew, Chien-Fu Lin ve Chia-Shang James Chu (2002). “Unit Roots Tests in Panel Data: Asymptotic and Finite-Sample Properties”. Journal of Econometrics 108 (1): 1-24.
  • Lucas, Robert E. Jr. (1988). “On the Mechanics of Economic Development”. Journal of Monetary Economics 22 (1): 3-42.
  • Maddala, G.S. ve Shaowen Wu (1999). “A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test”. Oxford Bulletin of Economics and Statistics 61 (1): 631-652.
  • Nadaroğlu, Halil (1996). Kamu Maliyesi Teorisi. İstanbul: Beta Yay.
  • Pedroni, Peter (1999). “Critical Values for Cointegrating Tests in Heterogeneous Panels with Multiple Regressors”. Oxford Bulletin of Economics and Statistics 61(1): 653-570.
  • _____, (2004). “Panel Cointegration, Asymptotic and Finite Sample Properties of Pooled Time Series Tests with an Application to the Purchasing Power Parity Hypothesis”. Econometric Theory 20 (3): 597-625.
  • Pehlivan, Osman (2009). Kamu Maliyesi. Trabzon: Derya Kitapevi.
  • Ram, Rati (1986). “Government Size and Economic Growth: A New Framework and Some Evidence from Cross-Section and Time-Series Data”. The American Economic Review 76 (1): 191-203.
  • Rebelo, Sergio (1991). “Long-Run Policy Analysis and Long-Run Growth”. The Journal of Political Economy 99 (3): 500-521.
  • Romer, Paul M. (1990). “Endogenous Technological Change”. Journal of Political Economy 98 (5): 71-102.
  • _____, (1994). “The Origins of Endogenous Growth”. The Journal of Economic Perspectives 8 (1): 3-22.
  • Saunders, Peter (1985). “Public Expenditure and Economic Performance in OECD Countries”. Journal of Public Policy 5: 1-21.
  • Shaw, G.K. (1992). “Policy Implications of Endogenous Growth Theory”. The Economic Journal 102 (412): 611-621.
  • Solow, Robert M. (1956). “A Contribution to the Theory of Economic Growth”. Quarterly Journal of Economics 70 (1): 65-94.
  • Stock, James H. ve Mark W. Watson (1993). “A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems”. Econometrica 61 (4): 783-820.
  • Swan, T.W. (1956). “Economic Growth and Capital Accumulation”. The Economic Record 32 (2): 334-361.
  • Taban, Sami (2010). “An Examination of the Government Spending and Economic Growth Nexus for Turkey Using the Bound Test Approach”. International Research Journal of Finance and Economics 48: 184-193.
  • Tanzi, Vito ve Ludger Schuknecht (2000). Public Spending in the 20th Century: A Global Perspective. UK: Cambridge University Press.
  • Tatoğlu, Ferda Yerdelen (2012). İleri Panel Veri Analizi. İstanbul: Beta Yay.
  • Uzay, Nisfet (2002). “Kamu Büyüklüğü ve Ekonomik Büyüme Üzerindeki Etkileri: Türkiye Örneği (1970-1999)”. Erciyes Üniversitesi İİBF Dergisi 19: 151-172.
  • Westerlund, Joakim (2006). “Testing for Panel Cointegration with Multiple Structural Breaks”. Oxford Bulletin Of Economics And Statistics 68 (1): 101-132.
  • _____, (2007). “Testing for Error Correction in Panel Data”. Oxford Bulletin of Economics and Statistics 69 (6): 709-748.
  • Yavas, Abdullah (1998),”Does too Much Government Investment Retard Economic Development of a Country”. Journal of Economic Studies 25 (4):

The Relationship between Government Expenditure and Economic Growth: An Application on Turkish Republics in Transition Process

Year 2015, Issue: 73, 231 - 248, 01.03.2015

Ömer Esen Metin Bayrak

Abstract

In this study the effects of public expenditures on economic growth for 5 Turkish Republics (Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan and Turkmenistan) in transition process are researched by using panel data analysis for the years 1990-2012. In this context, by using the panel unit root, panel cointegration and panel causality tests related with panel data analysis, long-term co-efficents between public expenditures and economic growth are studied. According to the analysis results, the presence of a positive and statistically significant relationship between public expenditures and economic growth is revealed in the long run. Within this context, the rise of public expenditures in the studied period revealed to be affecting economic growth in a positive manner.

Keywords

public expenditures economic growth Turkic republics transition economies panel data analysis

References

  • Al-Faris, A.F. (2002). “Public Expenditure and Economic Growth in the Gulf Cooperation Council Countries”. Applied Economics 34 (9): 1187-1195.
  • Altay, Oğuzhan ve Onur Altın (2008). “Türkiye’de Kamu Harcamalarının Ekonomik Büyüme ve Yatırımlar Üzerine Etkilerinin Analizi (1980-2005)”. Ege Akademik Bakış 8 (1): 267-285.
  • Altunç, Ömer Faruk (2011). “Kamu Harcamaları ve Ekonomik Büyüme İlişkisi: Türkiye’ye İlişkin Ampirik Kanıtlar”. Yönetim ve Ekonomi 18 (2): 145-157.
  • Arrow, Kenneth J. (1962). “The Economic Implications of Learning by Doing”. Review of Economic Studies 29 (3): 155-173.
  • Atamtürk, Burak (2007). “Büyüme Teorileri ve IMF Politikaları”. Marmara Üniversitesi İİBF Dergisi 22(1): 89-103.
  • Barro, Robert J. (1990). “Government Spending in a Simple Model of Endogenous Growth”. Journal of Political Economy 98 (5): 103-125.
  • _____, “Economic Growth in a Cross Section of Countries”. Quarterly Journal of Economics 106 (2): 407-443.
  • Barro, Robert J. ve Gary S. Becker (1989). “Fertility Choice in a Model of Economic Growth”. Econometrica 57(2): 481-501.
  • Barro, Robert J. ve Xavier Sala-i-Martin (1992). “Convergence”. Journal of Political Economy 100 (2): 223-251.
  • Becker, Gary S., Kevin M. Murphy ve Robert Tamura (1990). “Human Capital, Fertility and Economic Growth”. Journal of Political Economy 98 (5): 12-37.
  • Bose, Niloy, M. Emranul Haque ve Denise R. Osborn (2007). “Public Expenditure and Economic Growth: A Disaggregated Analysis For Developing Countries”. The Manchester School 75 (5): 533-556.
  • Choi, In (2001). “Unit Roots Tests for Panel Data”. Journal of International Money and Finance 20 (2): 229-272.
  • Dandan, Mwafaq M. (2011). “Government Expenditures and Economic Growth in Jordan”. International Conference on Economics and Finance Research IPEDR 4 (2011): 467-471.
  • Devarajan, Shantayanan, Vinaya Swaroop ve Heng-fu Zou (1996). “The Composition of Public Expenditure and Economic Growth”. Journal of Monetary Economics 37 (2): 313-344.
  • Dünya Bankası. World Development Indicators (WDI) & Global Development Finance (GDF). http://databank.worldbank.org/
  • Ercan, Nihal Yener (2002). “İçsel Büyüme Teorisi: Genel Bir Bakış”. Planlama Dergisi: 129-138. http://138 ekutup.dpt.gov.tr/planlama/42nciyil/ercanny .pdf [Erişim: 24.01.2013].
  • Ghali, Khalifa H. (1997). “Government Spending and Economic Growth in Saudi Arabia”. Journal of Economic Development 22 (2): 165-172.
  • Im, Kyung So, M. Hashem Pesaran ve Yongcheol Shin (2003). “Testing for Unit Roots in Heterogeneous Panels”. Journal of Econometrics 115 (1): 53-74.
  • Jiranyakul, Komain ve Tantatape Brahmasrene (2007). “The Relationship Between Government Expenditures and Economic Growth in Thailand”. Journal of Economics and Economic Education Research 8 (1): 93-102.
  • Kao, Chihwa ve Min-Hsien Chiang (2001). “On the Estimation and Inference of a Cointegrated Regression in Panel Data”. Advances in Econometrics 15: 179–222.
  • Kar, Muhsin ve Sami Taban (2003). “Kamu Harcama Çeşitlerinin Ekonomik Büyü- me Üzerindeki Etkileri”. Ankara Üniversitesi SBF Dergisi 58 (3): 145-169.
  • King, Robert G. ve Sergio Rebelo (1990). “Public Policy and Economic Growth: Developing Neoclassical Implications”. Journal of Political Economy 98 (5): 126-150.
  • Levin, Andrew, Chien-Fu Lin ve Chia-Shang James Chu (2002). “Unit Roots Tests in Panel Data: Asymptotic and Finite-Sample Properties”. Journal of Econometrics 108 (1): 1-24.
  • Lucas, Robert E. Jr. (1988). “On the Mechanics of Economic Development”. Journal of Monetary Economics 22 (1): 3-42.
  • Maddala, G.S. ve Shaowen Wu (1999). “A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test”. Oxford Bulletin of Economics and Statistics 61 (1): 631-652.
  • Nadaroğlu, Halil (1996). Kamu Maliyesi Teorisi. İstanbul: Beta Yay.
  • Pedroni, Peter (1999). “Critical Values for Cointegrating Tests in Heterogeneous Panels with Multiple Regressors”. Oxford Bulletin of Economics and Statistics 61(1): 653-570.
  • _____, (2004). “Panel Cointegration, Asymptotic and Finite Sample Properties of Pooled Time Series Tests with an Application to the Purchasing Power Parity Hypothesis”. Econometric Theory 20 (3): 597-625.
  • Pehlivan, Osman (2009). Kamu Maliyesi. Trabzon: Derya Kitapevi.
  • Ram, Rati (1986). “Government Size and Economic Growth: A New Framework and Some Evidence from Cross-Section and Time-Series Data”. The American Economic Review 76 (1): 191-203.
  • Rebelo, Sergio (1991). “Long-Run Policy Analysis and Long-Run Growth”. The Journal of Political Economy 99 (3): 500-521.
  • Romer, Paul M. (1990). “Endogenous Technological Change”. Journal of Political Economy 98 (5): 71-102.
  • _____, (1994). “The Origins of Endogenous Growth”. The Journal of Economic Perspectives 8 (1): 3-22.
  • Saunders, Peter (1985). “Public Expenditure and Economic Performance in OECD Countries”. Journal of Public Policy 5: 1-21.
  • Shaw, G.K. (1992). “Policy Implications of Endogenous Growth Theory”. The Economic Journal 102 (412): 611-621.
  • Solow, Robert M. (1956). “A Contribution to the Theory of Economic Growth”. Quarterly Journal of Economics 70 (1): 65-94.
  • Stock, James H. ve Mark W. Watson (1993). “A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems”. Econometrica 61 (4): 783-820.
  • Swan, T.W. (1956). “Economic Growth and Capital Accumulation”. The Economic Record 32 (2): 334-361.
  • Taban, Sami (2010). “An Examination of the Government Spending and Economic Growth Nexus for Turkey Using the Bound Test Approach”. International Research Journal of Finance and Economics 48: 184-193.
  • Tanzi, Vito ve Ludger Schuknecht (2000). Public Spending in the 20th Century: A Global Perspective. UK: Cambridge University Press.
  • Tatoğlu, Ferda Yerdelen (2012). İleri Panel Veri Analizi. İstanbul: Beta Yay.
  • Uzay, Nisfet (2002). “Kamu Büyüklüğü ve Ekonomik Büyüme Üzerindeki Etkileri: Türkiye Örneği (1970-1999)”. Erciyes Üniversitesi İİBF Dergisi 19: 151-172.
  • Westerlund, Joakim (2006). “Testing for Panel Cointegration with Multiple Structural Breaks”. Oxford Bulletin Of Economics And Statistics 68 (1): 101-132.
  • _____, (2007). “Testing for Error Correction in Panel Data”. Oxford Bulletin of Economics and Statistics 69 (6): 709-748.
  • Yavas, Abdullah (1998),”Does too Much Government Investment Retard Economic Development of a Country”. Journal of Economic Studies 25 (4):
There are 45 citations in total.

Details

Other ID JA75NR64CC
Journal Section Book Reviews
Authors

Ömer Esen This is me

Metin Bayrak This is me

Publication Date March 1, 2015
Published in Issue Year 2015 Issue: 73

Cite

APA Esen, Ö., & Bayrak, M. (2015). The Relationship between Government Expenditure and Economic Growth: An Application on Turkish Republics in Transition Process. Bilig(73), 231-248.
AMA Esen Ö, Bayrak M. The Relationship between Government Expenditure and Economic Growth: An Application on Turkish Republics in Transition Process. Bilig. March 2015;(73):231-248.
Chicago Esen, Ömer, and Metin Bayrak. “The Relationship Between Government Expenditure and Economic Growth: An Application on Turkish Republics in Transition Process”. Bilig, no. 73 (March 2015): 231-48.
EndNote Esen Ö, Bayrak M (March 1, 2015) The Relationship between Government Expenditure and Economic Growth: An Application on Turkish Republics in Transition Process. Bilig 73 231–248.
IEEE Ö. Esen and M. Bayrak, “The Relationship between Government Expenditure and Economic Growth: An Application on Turkish Republics in Transition Process”, Bilig, no. 73, pp. 231–248, March 2015.
ISNAD Esen, Ömer - Bayrak, Metin. “The Relationship Between Government Expenditure and Economic Growth: An Application on Turkish Republics in Transition Process”. Bilig 73 (March 2015), 231-248.
JAMA Esen Ö, Bayrak M. The Relationship between Government Expenditure and Economic Growth: An Application on Turkish Republics in Transition Process. Bilig. 2015;:231–248.
MLA Esen, Ömer and Metin Bayrak. “The Relationship Between Government Expenditure and Economic Growth: An Application on Turkish Republics in Transition Process”. Bilig, no. 73, 2015, pp. 231-48.
Vancouver Esen Ö, Bayrak M. The Relationship between Government Expenditure and Economic Growth: An Application on Turkish Republics in Transition Process. Bilig. 2015(73):231-48.

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