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WHAT IF TURKEY WAS A MEMBER OF THE FAMILY: THE EFFECTS OF FISCAL POLICIES ON ECONOMIC GROWTH IN THE SELECTED EUROPEAN UNION MEMBER COUNTRIES AND TURKEY

Year 2016, Volume: 3 Issue: 3, 119 - 138, 29.07.2016

S. Çağrı Esener

https://doi.org/10.15637/jlecon.133

Abstract

This research concentrates on the effects of several fiscal policy instruments on the economic
performance. The study contains Turkey in its extended models as well as selected European Union
countries which also include so-called PIIGS or debt overhang countries. With regard to the different
methods of panel data analysis, empirical results show that taxes, social contributions and public
consumption expenditure variables are the key elements which effect economic growth

Keywords

Fiscal Policy Public Expenditure Taxation and Revenue Economic Growth Panel Data Analysis

References

  • AKAR, S. (2014). Türkiye'de Sağlık Harcamaları, Sağlık Harcamalarının Nispi Fiyatı ve Ekonomik Büyüme Arasındaki İlişkinin İncelenmesi. Yönetim ve Ekonomi Dergisi, 21(1), 311-322.
  • ANGELOPOULOS, K., ECONOMIDES, G., KAMMAS, P., (2007). Tax-Spending Policies and Economic Growth: Theoretical Predictions and Evidence from the OECD, European Journal of Political Economy, vol. 23, 885-902.
  • ANGELOPOULOS, K., PHILIPPOPOULOS A., TSIONAS E. (2008). Does Public Sector Efficiency Matter? Revisiting the Relation Between Fiscal Size and Economic Growth in a World Sample, Public Choice 137, 245–278.
  • ARELLANO, M., (2003). Panel Data Econometrics, Oxford University Press, New York.
  • ARELLANO, M., BOND, S., (1991). Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations, Review of Economic Studies, 58, 277-297.
  • BALTAGI, B.H., (2001). Econometric Analysis of Panel Data, Second Edition, John Wiley& Sons, Ltd., Chichester, 2001.
  • BARRO, R.J., (1990). Government Spending in a Simple Model of Endogenous Growth, Journal of Political Economy, vol. 98, 103-125.
  • BARRO, R.J., (1991). Economic Growth in a Cross Section of Countries, The Quarterly Journal of Economics, 106 (2), 407-443.
  • BARRO, R.J., (1996). Determinants of Economic Growth: A Cross-Country Empirical Study, NBER Working Paper No. 5698.
  • BARRO, R.J., (2013). Education and Economic Growth, Annals of Economics and Finance, 14-2, 301-328.
  • BELLETTINI, G., CERONI, C., (2000). Social Security Expenditure and Economic Growth: An Empirical Assessment, Research in Economics, vol. 54, no. 3, 249-275.
  • BENOIT, E., (1973). Defence and Economic Growth in Developing Countries, Lexington Books, Boston.
  • BENOIT, E., (1978). Growth and Defence in Developing Countries, Economic Development and Cultural Change, vol. 26, 261-280.
  • BENOS, N., (2009). Fiscal Policy and Economic Growth: Empirical Evidence from EU Countries, MPRA Paper No. 19174.
  • BHARGAVA, A., JAMISON, D.T., LAU, L., MURRAY C.J., (2000). Modeling the Effects of Health on Economic Growth, GPE Discussion Paper Series, 33, 1-33.
  • BISWAS, B., RAM, R., (1986). Military Expenditures and Economic Growth in Less Developed Countries: An Augmented Model and Further Evidence, Economic Development and Cultural Change, vol. 34, 361-372.
  • BLEANEY M., GEMMELL N., KNELLER R., (2001). Testing the Endogenous Growth Model: Public Expenditure, Taxation, and Growth over the Long Run, Canadian Journal of Economics, vol. 34, No. 1, 36 57
  • BLOOM, D.E., CANNING, D., SEVILLA, J., (2004). The Effect of Health on Economic Growth: A Production Function Approach, World Development, 32(1), 1–13.
  • BLUNDELL, R., Bond S., (1998). Initial Conditions and Moment Restrictions in Dynamic Panel Data Models, Journal of Econometrics, Vol. 87, 115-143.
  • CASHIN, P., (1995). Government Spending, Taxes and Economic Growth, IMF Staff Papers, vol. 42, no. 2, 237-269.
  • CASTLES, F.G., DOWRICK, S., (1990). The Impact of Government Spending Levels on Medium Term Economic Growth in the OECD, 1960-85, Journal of Theoretical Politics, vol. 2, 173-204.
  • CHAKRABORTY, S., (2004). Endogenous Lifetime and Economic Growth. Journal of Economic Theory, 116, 119–137.
  • COORAY, A., (2013). Does Health Capital Have Differential Effects on Economic Growth, Applied Economics Letters, 20, 244–249.
  • DEGER, S., (1986). Economic Development and Defence Expenditure, Economic Development and Cultural Change, 179-196.
  • DEGER, S., SMITH, R., (1983). Military Expenditure and Growth in LDCs, Journal of Conflict Resolution, vol. 27, no. 2, 335-353.
  • DEVARAJAN S., SWAROOP V., ZOU HENG-FU, (1996). The Composition of Public Expenditure and Economic Growth, Journal of Monetary Economics 37, 313-344.
  • DINCĂ, G., DINCĂ, M. S., (2013). The Impact of Fiscal Policy Upon Economic Growth in The European Union, International Journal of Education and Research, Vol. 1, No. 10, 1-12.
  • DOWRICK S., (1992). Technological Catch Up and Diverging Incomes: Patterns of Economic Growth 1960-88, Economic Journal Royal Economic Society, vol. 102(412), 600-610.
  • DUNNE, J. P., PERLO-FREEMAN S., SOYDAN, A., (2004). Military Expenditure and Debt in Small Industrialised Economies: A Panel Analysis, Defence and Peace Economics, Vol. 15, No. 2, 125-132.
  • EASTERLY, W., (2005). What Did Structural Adjustment Adjust? The Association of Policies and Growth with Repeated IMF and World Bank Adjustment Loans, Journal of Development Economics, 76(1), 1-22.
  • EASTERLY, W., REBELO, S., (1993). Fiscal Policy and Economic Growth: An Empirical Investigation, Journal of Monetary Economics 32, 417-458.
  • EBERHARDT, M., (2011). Panel Time-Series Modeling: New Tools for Analyzing XT Data, http://www.stata.com/meeting/uk11/abstracts/UK11_eberhardt.pdf (Son Erişim Tarihi: 28.4.2016)
  • ELMI, Z.M., SADEGHI, S., (2012). Health Care Expenditures and Economic Growth in Developing Countries: Panel Co-Integration and Causality, Middle-East Journal of Scientific Research, 12 (1), 88-91.
  • ENGEN, E., KINNER, J. S., (1992). Taxation and Economic Growth, National Journal, Vol.49, no 4, 617-42.
  • ESENER, S.Ç., (2013). Gelişmekte Olan Ülkelerde ve Türkiye'de Dış Borçlanmanın Belirleyicilerinin İncelenmesi: 1980-2010, T.C. Maliye Bakanlığı, Strateji Geliştirme Başkanlığı Yayınları, Hermes Matbaacılık, Ankara Yayın No: 2013/424.
  • ESENER, S.Ç., İPEK, E., (2015). Expanding Effects of Military Expenditures on External Debt in Developing Countries, Journal of Business, Economics & Finance, Vol4 (4), Aralık 2015, 617-632.
  • EVANS, P., KARRAS, G., (1994). Are Government Activities Productive? Evidence from a Panel of U.S. States, The Review of Economics and Statistics, vol. 76, no. 1, 1-11.
  • GALE, W.G., POTTER, S., (2002). An Economic Evaluation of the Economic Growth and Tax Relief Reconciliation Act of 2001, National Tax Journal, vol. 55, 133-186.
  • GARCIA-MILA, T., MCGUIRE, T.J., PORTER, R.H., (1996). The Effect of Public Capital in State Level Production Functions Reconsidered, Review of Economics and Statistics, vol. 1, 177-180.
  • GREENE, W.H., (2003). Econometric Analysis, Prentice Hall, London, 5th Edition, 2003.
  • GUPTA, S., CLEMENTS, B., BALDACCI, E., MULAS-GRANADOS, C., (2005). Fiscal Policy, Expenditure Composition and Growth in Low-Income Countries, International Money and Finance, vol. 24, 441-463.
  • HANSSON, P., HENREKSON M., (1994). A New Framework for Testing the Effect of Government Spending on Growth and Productivity, Public Choice 81 (3–4), 381–401.
  • HELMS, L.J., (1985). The Effects of State and Local Taxes on Economic Growth: A time Series Cross Section Approach, Review of Economics and Statistics, vol. 67, 574-582
  • HILL, K.Q., (1978). Domestic Politics, International Linkages, and Military Expenditures, Studies in Comparative International Development, vol. 13, no. 1, 38-59.
  • HOLTZ-EAKIN, D., (1994). Public Sector Capital and The Productivity Puzzle, Review of Economics and Statistics, vol. 76, no. 1, 12-21.
  • İPEK, E., ESENER, S.Ç., (2014). Borçlanmayı Savunmak: Dış Borcun Belirleyicisi Olarak Türkiye’de Savunma Harcamaları, Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 9-3, Sayı: Aralık 2014, 69-94.
  • KALDOR, M., (1976). The Military in Development, World Development, vol. 4, no. 6, 459- 482.
  • KATZ, C.J., MAHLER, V.A., FRANZ, M.G., (1983). The Impact of Taxes on Growth and Distribution in Developed Capitalist Countries: A Cross-national Study, American Political Science Review, vol. 77, 871-886.
  • KENNEDY, G., (1983). Defense Economics, St Martin's, New York.
  • KING, R.G., REBELO, S., (1990). Public Policy and Economic Growth: Developing Neoclassical Implications, Journal of Political Economy, University of Chicago Press, vol. 98(5), 126-50.
  • KNELLER, R., BLEANEY, M.F., GEMMEL, N., (1999). Fiscal Policy and Growth: Evidence From OECD Countries, Journal of Public Economics, vol. 74, 174-190.
  • KOCHERLAKOTA, N.R., YI, K.M., (1997). Is There Endogenous Long-run Growth? Evidence from The United States and The United Kingdom, Journal of Money, Credit, and Banking, vol. 29, no. 2, 235-262.
  • KOESTER R. B., KORMENDI R. C., (1989). Taxation, Aggregate Activity and Economic Growth: Cross country Evidence on Some Supply side Hypotheses, Economic Inquiry 37, 367-386.
  • KORMENDI R., MEGUIRE Ph., (1985). Macroeconomic Determinants of Growth: CrossCountry Evidence, Journal of Monetary Economics, 16, 141-63.
  • KORPI, W., (1985). Economic Growth and The Welfare State: Leaky Bucket or Irrigation System?, European Sociological Review, vol. 1, no. 2, 52-60.
  • LANDAU, D., (1983). Government Expenditure and Economic Growth: A Cross-Country Study, Southern Economic Journal, 49, 783-92.
  • LAU, S.H.P., SIN, C.Y., (1997). Public Infrastructure and Economic Growth: Time Series Properties and Evidence, Economic Record, vol. 73, 125-135.
  • LIM, D., (1983). Another Look at Growth and Defense in Developed Countries, Economic Development and Cultural Change, vol. 31, no. 2, 377-384.
  • MCCALLUM, J., BLAIS, A., (1987). Government, Special Interest Groups and Economic Growth, Public Choice, vol. 54, 3-18.
  • MILEVA, E., (2007). Using Arellano-Bond Dynamic Panel GMM Estimators in Stata: Tutorial With Examples Using Stata 9.0, Economics Dept., Fordham University.
  • MINTZ, A., STEVENSON, R.T., (1995). Defense Expenditures, Economic Growth, and the Peace Dividend: A Longitudinal Analysis of 103 Countries, The Journal of Conflict Resolution, vol. 39, no. 2, 283-305.
  • MIRLEES, J.A., (1971). An Exploration into the Theory of Optimum Income Taxation, Review of Economic Studies, vol. 38, 175-208.
  • NARAYAN, S., NARAYAN, P.K., MISHRA, S., (2010). Investigating The Relationship between Health and Economic Growth: Empirical Evidence from A Panel of 5 Asian Countries, Journal of Asian Economics, 21, 401-411.
  • NIJKAMP P., POOT J., (2004). Meta-Analysis of The Effect of Fiscal Policies on Long-run Growth, European Journal of Political Economy, vol. 20, Issue 1, 91-124.
  • PEROTTI, R., (1992). Fiscal Policy, Income Distribution and Growth, Columbia University Working Paper 636.
  • PEROTTI, R., (1994). Income Distribution and Investment, European Economic Review, vol. 38, 827-835.
  • RATNER, J.B., (1983). Government Capital and the Production Function for U.S Private Output, Economics Letters, vol. 13, 213-217.
  • ROMER, P.M., (1986). Increasing Returns and Long Run Growth, Journal of Political Economy, vol. 94, 1002-1037.
  • SOLOW, R., (1956). A Contribution to The Theory of Economic Growth, Quarterly Journal of Economics, vol. 70, 65-94.
  • TATOM, J.A., (1991). Public Capital and Private Sector Performance, Federal Reserve Bank of Saint Louis Review, vol. 73, 3-15.
  • TATOM, J.A., (1993). The Spurious Effect of Public Capital Formation on Private Sector Productivity, Policy Studies Journal, vol. 21, 391-395.
  • WEEDE, E., (1986), Rent Seeking, Military Participation and Economic Performance in LDCs, The Journal of Conflict Resolution, Vol. 30, no. 2, 291-313.

TÜRKİYE DE AİLEDEN BİRİ OLSAYDI: MALİYE POLİTİKASININ SEÇİLMİŞ AVRUPA BİRLİĞİ ÜYESİ ÜLKELERDE VE TÜRKİYE’DE EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİLERİ

Year 2016, Volume: 3 Issue: 3, 119 - 138, 29.07.2016

S. Çağrı Esener

https://doi.org/10.15637/jlecon.133

Abstract

 Bu araştırma çeşitli maliye politikası araçlarının ekonomik performans üzerindeki etkilerini
tespit etmeyi amaçlamaktadır. Çalışmada seçilmiş Avrupa Birliği üyesi ülkeler ve PIIGS olarak da
adlandırılan borç krizi yaşayan ülkelerin yanı sıra genişletilmiş modelde Türkiye de yer almaktadır.
Panel veri analizinin çeşitli yöntemleriyle yapılan ampirik sınamalar çerçevesinde ekonomik büyümeyi
etkileyen ana değişkenlerin vergiler, sosyal güvenlik harcamaları ve kamu tüketim harcamaları
olduğu sonucuna ulaşılmıştır

Keywords

Maliye Politikası Kamu Harcamaları Vergileme ve Kamu Gelirleri Ekonomik Büyüme Panel Veri Analiz

References

  • AKAR, S. (2014). Türkiye'de Sağlık Harcamaları, Sağlık Harcamalarının Nispi Fiyatı ve Ekonomik Büyüme Arasındaki İlişkinin İncelenmesi. Yönetim ve Ekonomi Dergisi, 21(1), 311-322.
  • ANGELOPOULOS, K., ECONOMIDES, G., KAMMAS, P., (2007). Tax-Spending Policies and Economic Growth: Theoretical Predictions and Evidence from the OECD, European Journal of Political Economy, vol. 23, 885-902.
  • ANGELOPOULOS, K., PHILIPPOPOULOS A., TSIONAS E. (2008). Does Public Sector Efficiency Matter? Revisiting the Relation Between Fiscal Size and Economic Growth in a World Sample, Public Choice 137, 245–278.
  • ARELLANO, M., (2003). Panel Data Econometrics, Oxford University Press, New York.
  • ARELLANO, M., BOND, S., (1991). Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations, Review of Economic Studies, 58, 277-297.
  • BALTAGI, B.H., (2001). Econometric Analysis of Panel Data, Second Edition, John Wiley& Sons, Ltd., Chichester, 2001.
  • BARRO, R.J., (1990). Government Spending in a Simple Model of Endogenous Growth, Journal of Political Economy, vol. 98, 103-125.
  • BARRO, R.J., (1991). Economic Growth in a Cross Section of Countries, The Quarterly Journal of Economics, 106 (2), 407-443.
  • BARRO, R.J., (1996). Determinants of Economic Growth: A Cross-Country Empirical Study, NBER Working Paper No. 5698.
  • BARRO, R.J., (2013). Education and Economic Growth, Annals of Economics and Finance, 14-2, 301-328.
  • BELLETTINI, G., CERONI, C., (2000). Social Security Expenditure and Economic Growth: An Empirical Assessment, Research in Economics, vol. 54, no. 3, 249-275.
  • BENOIT, E., (1973). Defence and Economic Growth in Developing Countries, Lexington Books, Boston.
  • BENOIT, E., (1978). Growth and Defence in Developing Countries, Economic Development and Cultural Change, vol. 26, 261-280.
  • BENOS, N., (2009). Fiscal Policy and Economic Growth: Empirical Evidence from EU Countries, MPRA Paper No. 19174.
  • BHARGAVA, A., JAMISON, D.T., LAU, L., MURRAY C.J., (2000). Modeling the Effects of Health on Economic Growth, GPE Discussion Paper Series, 33, 1-33.
  • BISWAS, B., RAM, R., (1986). Military Expenditures and Economic Growth in Less Developed Countries: An Augmented Model and Further Evidence, Economic Development and Cultural Change, vol. 34, 361-372.
  • BLEANEY M., GEMMELL N., KNELLER R., (2001). Testing the Endogenous Growth Model: Public Expenditure, Taxation, and Growth over the Long Run, Canadian Journal of Economics, vol. 34, No. 1, 36 57
  • BLOOM, D.E., CANNING, D., SEVILLA, J., (2004). The Effect of Health on Economic Growth: A Production Function Approach, World Development, 32(1), 1–13.
  • BLUNDELL, R., Bond S., (1998). Initial Conditions and Moment Restrictions in Dynamic Panel Data Models, Journal of Econometrics, Vol. 87, 115-143.
  • CASHIN, P., (1995). Government Spending, Taxes and Economic Growth, IMF Staff Papers, vol. 42, no. 2, 237-269.
  • CASTLES, F.G., DOWRICK, S., (1990). The Impact of Government Spending Levels on Medium Term Economic Growth in the OECD, 1960-85, Journal of Theoretical Politics, vol. 2, 173-204.
  • CHAKRABORTY, S., (2004). Endogenous Lifetime and Economic Growth. Journal of Economic Theory, 116, 119–137.
  • COORAY, A., (2013). Does Health Capital Have Differential Effects on Economic Growth, Applied Economics Letters, 20, 244–249.
  • DEGER, S., (1986). Economic Development and Defence Expenditure, Economic Development and Cultural Change, 179-196.
  • DEGER, S., SMITH, R., (1983). Military Expenditure and Growth in LDCs, Journal of Conflict Resolution, vol. 27, no. 2, 335-353.
  • DEVARAJAN S., SWAROOP V., ZOU HENG-FU, (1996). The Composition of Public Expenditure and Economic Growth, Journal of Monetary Economics 37, 313-344.
  • DINCĂ, G., DINCĂ, M. S., (2013). The Impact of Fiscal Policy Upon Economic Growth in The European Union, International Journal of Education and Research, Vol. 1, No. 10, 1-12.
  • DOWRICK S., (1992). Technological Catch Up and Diverging Incomes: Patterns of Economic Growth 1960-88, Economic Journal Royal Economic Society, vol. 102(412), 600-610.
  • DUNNE, J. P., PERLO-FREEMAN S., SOYDAN, A., (2004). Military Expenditure and Debt in Small Industrialised Economies: A Panel Analysis, Defence and Peace Economics, Vol. 15, No. 2, 125-132.
  • EASTERLY, W., (2005). What Did Structural Adjustment Adjust? The Association of Policies and Growth with Repeated IMF and World Bank Adjustment Loans, Journal of Development Economics, 76(1), 1-22.
  • EASTERLY, W., REBELO, S., (1993). Fiscal Policy and Economic Growth: An Empirical Investigation, Journal of Monetary Economics 32, 417-458.
  • EBERHARDT, M., (2011). Panel Time-Series Modeling: New Tools for Analyzing XT Data, http://www.stata.com/meeting/uk11/abstracts/UK11_eberhardt.pdf (Son Erişim Tarihi: 28.4.2016)
  • ELMI, Z.M., SADEGHI, S., (2012). Health Care Expenditures and Economic Growth in Developing Countries: Panel Co-Integration and Causality, Middle-East Journal of Scientific Research, 12 (1), 88-91.
  • ENGEN, E., KINNER, J. S., (1992). Taxation and Economic Growth, National Journal, Vol.49, no 4, 617-42.
  • ESENER, S.Ç., (2013). Gelişmekte Olan Ülkelerde ve Türkiye'de Dış Borçlanmanın Belirleyicilerinin İncelenmesi: 1980-2010, T.C. Maliye Bakanlığı, Strateji Geliştirme Başkanlığı Yayınları, Hermes Matbaacılık, Ankara Yayın No: 2013/424.
  • ESENER, S.Ç., İPEK, E., (2015). Expanding Effects of Military Expenditures on External Debt in Developing Countries, Journal of Business, Economics & Finance, Vol4 (4), Aralık 2015, 617-632.
  • EVANS, P., KARRAS, G., (1994). Are Government Activities Productive? Evidence from a Panel of U.S. States, The Review of Economics and Statistics, vol. 76, no. 1, 1-11.
  • GALE, W.G., POTTER, S., (2002). An Economic Evaluation of the Economic Growth and Tax Relief Reconciliation Act of 2001, National Tax Journal, vol. 55, 133-186.
  • GARCIA-MILA, T., MCGUIRE, T.J., PORTER, R.H., (1996). The Effect of Public Capital in State Level Production Functions Reconsidered, Review of Economics and Statistics, vol. 1, 177-180.
  • GREENE, W.H., (2003). Econometric Analysis, Prentice Hall, London, 5th Edition, 2003.
  • GUPTA, S., CLEMENTS, B., BALDACCI, E., MULAS-GRANADOS, C., (2005). Fiscal Policy, Expenditure Composition and Growth in Low-Income Countries, International Money and Finance, vol. 24, 441-463.
  • HANSSON, P., HENREKSON M., (1994). A New Framework for Testing the Effect of Government Spending on Growth and Productivity, Public Choice 81 (3–4), 381–401.
  • HELMS, L.J., (1985). The Effects of State and Local Taxes on Economic Growth: A time Series Cross Section Approach, Review of Economics and Statistics, vol. 67, 574-582
  • HILL, K.Q., (1978). Domestic Politics, International Linkages, and Military Expenditures, Studies in Comparative International Development, vol. 13, no. 1, 38-59.
  • HOLTZ-EAKIN, D., (1994). Public Sector Capital and The Productivity Puzzle, Review of Economics and Statistics, vol. 76, no. 1, 12-21.
  • İPEK, E., ESENER, S.Ç., (2014). Borçlanmayı Savunmak: Dış Borcun Belirleyicisi Olarak Türkiye’de Savunma Harcamaları, Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 9-3, Sayı: Aralık 2014, 69-94.
  • KALDOR, M., (1976). The Military in Development, World Development, vol. 4, no. 6, 459- 482.
  • KATZ, C.J., MAHLER, V.A., FRANZ, M.G., (1983). The Impact of Taxes on Growth and Distribution in Developed Capitalist Countries: A Cross-national Study, American Political Science Review, vol. 77, 871-886.
  • KENNEDY, G., (1983). Defense Economics, St Martin's, New York.
  • KING, R.G., REBELO, S., (1990). Public Policy and Economic Growth: Developing Neoclassical Implications, Journal of Political Economy, University of Chicago Press, vol. 98(5), 126-50.
  • KNELLER, R., BLEANEY, M.F., GEMMEL, N., (1999). Fiscal Policy and Growth: Evidence From OECD Countries, Journal of Public Economics, vol. 74, 174-190.
  • KOCHERLAKOTA, N.R., YI, K.M., (1997). Is There Endogenous Long-run Growth? Evidence from The United States and The United Kingdom, Journal of Money, Credit, and Banking, vol. 29, no. 2, 235-262.
  • KOESTER R. B., KORMENDI R. C., (1989). Taxation, Aggregate Activity and Economic Growth: Cross country Evidence on Some Supply side Hypotheses, Economic Inquiry 37, 367-386.
  • KORMENDI R., MEGUIRE Ph., (1985). Macroeconomic Determinants of Growth: CrossCountry Evidence, Journal of Monetary Economics, 16, 141-63.
  • KORPI, W., (1985). Economic Growth and The Welfare State: Leaky Bucket or Irrigation System?, European Sociological Review, vol. 1, no. 2, 52-60.
  • LANDAU, D., (1983). Government Expenditure and Economic Growth: A Cross-Country Study, Southern Economic Journal, 49, 783-92.
  • LAU, S.H.P., SIN, C.Y., (1997). Public Infrastructure and Economic Growth: Time Series Properties and Evidence, Economic Record, vol. 73, 125-135.
  • LIM, D., (1983). Another Look at Growth and Defense in Developed Countries, Economic Development and Cultural Change, vol. 31, no. 2, 377-384.
  • MCCALLUM, J., BLAIS, A., (1987). Government, Special Interest Groups and Economic Growth, Public Choice, vol. 54, 3-18.
  • MILEVA, E., (2007). Using Arellano-Bond Dynamic Panel GMM Estimators in Stata: Tutorial With Examples Using Stata 9.0, Economics Dept., Fordham University.
  • MINTZ, A., STEVENSON, R.T., (1995). Defense Expenditures, Economic Growth, and the Peace Dividend: A Longitudinal Analysis of 103 Countries, The Journal of Conflict Resolution, vol. 39, no. 2, 283-305.
  • MIRLEES, J.A., (1971). An Exploration into the Theory of Optimum Income Taxation, Review of Economic Studies, vol. 38, 175-208.
  • NARAYAN, S., NARAYAN, P.K., MISHRA, S., (2010). Investigating The Relationship between Health and Economic Growth: Empirical Evidence from A Panel of 5 Asian Countries, Journal of Asian Economics, 21, 401-411.
  • NIJKAMP P., POOT J., (2004). Meta-Analysis of The Effect of Fiscal Policies on Long-run Growth, European Journal of Political Economy, vol. 20, Issue 1, 91-124.
  • PEROTTI, R., (1992). Fiscal Policy, Income Distribution and Growth, Columbia University Working Paper 636.
  • PEROTTI, R., (1994). Income Distribution and Investment, European Economic Review, vol. 38, 827-835.
  • RATNER, J.B., (1983). Government Capital and the Production Function for U.S Private Output, Economics Letters, vol. 13, 213-217.
  • ROMER, P.M., (1986). Increasing Returns and Long Run Growth, Journal of Political Economy, vol. 94, 1002-1037.
  • SOLOW, R., (1956). A Contribution to The Theory of Economic Growth, Quarterly Journal of Economics, vol. 70, 65-94.
  • TATOM, J.A., (1991). Public Capital and Private Sector Performance, Federal Reserve Bank of Saint Louis Review, vol. 73, 3-15.
  • TATOM, J.A., (1993). The Spurious Effect of Public Capital Formation on Private Sector Productivity, Policy Studies Journal, vol. 21, 391-395.
  • WEEDE, E., (1986), Rent Seeking, Military Participation and Economic Performance in LDCs, The Journal of Conflict Resolution, Vol. 30, no. 2, 291-313.
There are 72 citations in total.

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S. Çağrı Esener

Publication Date July 29, 2016
Published in Issue Year 2016 Volume: 3 Issue: 3

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APA Esener, S. Ç. (2016). TÜRKİYE DE AİLEDEN BİRİ OLSAYDI: MALİYE POLİTİKASININ SEÇİLMİŞ AVRUPA BİRLİĞİ ÜYESİ ÜLKELERDE VE TÜRKİYE’DE EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİLERİ. Journal of Life Economics, 3(3), 119-138. https://doi.org/10.15637/jlecon.133
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