The Effect of the Expansionary Fiscal Policies on economic growth in OECD Countries Abstract

Abstract

Although monetary and fiscal policies are discussed in different economic approaches, the main discussion is focused on fiscal policy. Because while the central bank leads the monetary policy independently with its own policy goals and tools, the government leads the fiscal policy via budget as a basic tool of the economic policy.

In this study, we analyze the relationship between economic growth and fiscal impulse which is used to measure changes in public budget impacts by using the panel data analysis with fixed effects in 33 OECD countries. We use the International Monetary Fund and World Bank data. According to the results; the expansionary effect of fiscal policies has no effect on economic growth between the period of 2011 – 2017.

Keywords

• : Fiscal Impulse,Keynesian Economics,Fiscal Policy,,Budget

OECD Ülkelerinde Genişletici Maliye Politikalarının Ekonomik Büyüme Üzerine Etkisi

Abstract

Para ve maliye politikaları farklı ekonomik yaklaşımlar içinde ele alınan politikalar olmasına rağmen, yaklaşımlar arasındaki temel tartışma maliye politikası üzerindedir. Bunun nedeni, para politikasına amaç ve araç bağımsızlığı çerçevesinde merkez bankası yön verirken; hükümetin bütçe aracılığı ile maliye politikasını temel iktisat politikası aracı olarak kullanmasıdır.

Bu çalışmada, kamu bütçesindeki meydana gelen değişmeleri ölçmek içinde kullanılan mali etki ile ekonomik büyüme arasında ilişki 33 OECD için panel veri analizi sabit etkiler modeli kullanılarak analiz edilmiştir. Çalışmada Uluslararası Para Fonu ve Dünya Bankası verileri kullanılmıştır. 2011 – 2017 yılları arasını kapsayan analiz sonuçlarına göre; maliye politikalarının genişletici etkisinin ekonomik büyüme üzerindeki etkisinin olmadığı görülmektedir. 

Keywords

• Mali etki,Keynesyen iktisat,Maliye Politikası,, Bütçe

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