TESTING THE RELATIONSHIP BETWEEN GOVERNMENT SPENDING AND REVENUE: CASE OF KYRGYZSTAN

Year 2017, Issue: 49, 1 - 26, 28.06.2017

Hakan Çetintaş Damira Baygonuşova

https://doi.org/10.18070/erciyesiibd.323899

Cited By: 2

Abstract

Sound fiscal policy is very important to promote price stability and
sustainable growth in real economy. Thus, understanding the relationship
between government spending and revenue is also essential to evaluate how to
address fiscal imbalances. So, the focus of this research is to investigate the
relationship between government revenue and spending in Kyrgyzstan for
1995-2014 period. For this purpose we have used an ARDL and VAR approaches.
Findings support “the tax- spend hypothesis” for fiscal discipline in
Kyrgyzstan. In other words, according to the results, increase in real government revenue results in even higher public
expenditure.

Keywords

Government Revenues, Government Spending, ARDL, VAR

KAMU HARCAMALARI VE GELİRLERİ ARASINDAKİ İLİŞKİNİN TEST EDİLMESİ: KIRGIZİSTAN ÖRNEĞİ

Abstract

Reel ekonominin
istikrarlı büyümesi ve fiyat istikrarı açısından, sağlıklı bir maliye
politikası büyük bir önem taşımaktadır. Kamu harcamaları ile kamu gelirleri
arasındaki ilişkinin bilinmesi mali dengesizliklerin giderilmesinde de ayrıca
önemlidir. Bu çalışmada ARDL ve VAR yaklaşımları yardımıyla Kırgızistan
ekonomisinde kamu gelirleri ile harcamaları arasındaki ilişki 1995-2014 dönemi için
araştırılmıştır. Bulgular Kırgızistan ekonomisinde ‘vergi-harcama hipotezinin’
geçerli olduğunu göstermektedir. Diğer bir ifadeyle, araştırılan dönem içinde kamunun
reel gelirlerinde meydana gelen artışın, kamu harcamalarında kendisinden daha fazla
bir artışa neden olduğu sonucuna ulaşılmıştır.

Keywords

Kamu Gelirleri, Kamu Harcamaları, ARDL, VAR

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