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Avrupa Birliği’nde kamu harcamaları esnekliğinin konjonktürel açıdan değerlendirilmesi: 1999-2016 dönemi analizi

Year 2020, Volume: 3 Issue: 1, 1 - 20, 22.06.2020

Abstract

Bu çalışmada, Avrupa Birliği’nin en önemli maliye politikası aracı olan kamu harcamalarının 1999-2016 dönemi esas alınarak konjonktürel durumu incelenmektedir. Bu bağlamda, ilk aşama olarak Avrupa Komisyonu yönteminden faydalanılarak her bir Avrupa ülkesi için kamu harcamalarının esnekliği hesaplanmaktadır. Bu itibarla, AMECO’dan (Avrupa Komisyonu Ekonomik ve Mali İşler Genel Müdürlüğü Yıllık Makroekonomik Veritabanı) elde edilen konjonktürel olarak ayarlanmış genel kamu harcamalarının potansiyel GSYİH oranı, genel hükümet cari harcamaları 2010 sabit fiyatları ile potansiyel GSYİH ve GSYİH fiyat deflatörü verileri kullanılarak her ülke ve her yıl için kamu harcamalarının esnekliği hesaplanmaktadır. İkinci aşamada ise hesaplanan esneklik değerlerine göre Avrupa Birliği’nde kamu harcamalarının 1999-2016 dönemi için konjonktürel durumu analiz edilmektedir. Analize göre, özellikle 2008 kriz dönemi öncesinde ve sonrasında Avrupa Birliği’nde kamu harcamalarının konjonktürel durumlarının farklılık gösterdiği sonucuna ulaşılmıştır.

Supporting Institution

Çukurova Üniversitesi Bilimsel Araştırma Projeleri Birimi

Project Number

SBA-2019-12224

References

  • Akitoby, B., Clements, B., Gupta, S., ve Inchauste G. (2004). The cyclical and long-term behavior of government expenditures in developing countries (No. 04/202). IMF (International Monetary Fund) Working Paper, 1-23.
  • Akitoby, B., Clements, B., Gupta S., ve Inchauste, G. (2006). Public spending, voracity, and Wagner‘s law in developing countries. European Journal of Political Economy, 22(4), 908-924.
  • Altar, M., Necula, C., ve Bobeica, G. (2010). Estimating the cyclically adjusted budget balance for the Romanian economy. A robust approach. Romanian Journal of Economic Forecasting, 13(2), 79-99.
  • Andic S., ve Veverka, J. (1964). The growth of government expenditure in Germany since the unification. Finanzarchiv, 23(2), 169-278.
  • Arpaia, A., ve Turrini, A. (2008). Government expenditure and economic growth in the EU: Long-run tendencies and short-term adjustment (No. 300). European Commission Directorate-General for Economic and Financial Affairs Economic Papers, 1-50.
  • Atkinson, A.B., ve Stiglitz, J.E. (1980). Lectures on Public Economics. New York: McGraw-Hill.
  • Balassone, F., ve Francese, M. (2004a). Cyclical asymmetry in fiscal policy and the treaty of Maastricht (No. 531). Bank of Italy Economic Research Department Economic Working Papers, 6-25.
  • Balassone, F., ve Francese, M. (2004b). Cyclical asymmetry in fiscal variables (No. 531). Bank of Italy Economic Research Department Economic Working Papers, 845-867.
  • Beetsma, R., ve Giuliodori, M. (2008). Fiscal adjustment to cyclical developments in the OECD: An empirical analysis based on real-time data (No. 6692). CEPR (Centre for Economic Policy Research) Discussion Paper Series, 1-16.
  • Bezdìk, V., Dybzcak, K., ve Kreidl, A. (2003). Cyclically adjusted fiscal balance: OECD and ESCB methods.Czech Journal of Economics and Finance (Finance a uver), 53(11-12), 477-509.
  • Blanchard, O., ve Perotti, R. (2002). An empirical characterization of the dynamic effects of changes in government spending and taxes on output. Quarterly Journal of Economics, 117(4), 1329-1368.
  • Bruckner, M., Chong, A., ve Gradstein, M. (2011). Estimating income elasticity of government expenditures: Evidence from oil price shocks (No. 8563). World Bank Centre for Economic Policy Research (CEPR) Discussion Paper Series, 1-36.
  • Calderón, C., ve Schmidt-Hebbel, K. (2008). Business cycles and fiscal policies: The role of institutions and financial markets (No. 481). Central Bank of Chile Working Papers, 1-37.
  • Çebi, C. (2015). Bütçe harcama katılığı (No. 1523). Türkiye Cumhuriyeti Merkez Bankası Ekonomi Notları, 1-13.
  • Çulha, A.A. (2016). Asymmetric government expenditure: A comparison of advanced and developing countries (No. 16/17). Central Bank of the Republic of Turkey Working Papers, 1-28.
  • Dağ, M. (2017). Türkiye’de bütçe harcamalarının esnekliğinin değerlendirilmesi: Dönemsel bir analiz. M. Aydın, N. Ş. Pınarcıoğlu ve Ö. Uğurlu (Ed.) Current Debates in Public Finance Public Administration & Environmental Studies (s. 117-130) içinde. İstanbul: IJOPEC Publication.
  • Durevall, D., ve Henrekson, M. (2011). The futile quest for a grand explanation of long-run government expenditure. Journal of Public Economics, 95(7-8), 708-722.
  • Easterly, W., ve Rebelo, S. (1993) Fiscal policy and economic growth: An empirical investigation. Journal of Monetary Economics, 32(1993) 417-458.
  • Emi, K. (1963). Government fiscal activity and economic growth in Japan, 1868-1960. Hutchinson: Kinokuniya Bookstore Co.
  • Fatás, A., ve Mihov, I. (2007). Fiscal discipline, volatility and growth. G. E. Perry, L. Sérven and R. Suescún (Eds.) Fiscal Policy Stabilization and Growth: Prudence or Abstinence (s. 43-74) içinde. Washington D.C: The World Bank.
  • Forni, L., ve Momigliano, S. (2004). Cyclical sensitivity of fiscal policies based on real-time data. Applied Economics Quarterly 50(3), 299-326.
  • Gavin, M., ve Perotti, R. (1997). Fiscal policy in Latin America. B. S. Bernanke and J. Rotemberg (Eds.) NBER Macroeconomics Annual içinde (s. 1-72). Cambridge: MIT Press.
  • Gazidede, A. (2013). Cyclically adjusted budget balance an alternative approach in estimating the fiscal position for Albania (No. 10(49)2013). Bank of Albania Working Papers, 1-52.
  • Goffman, I.J., ve Mahar, D.J. (1968) The growth of public expenditures in selected nations: Six Caribbean countries, Public Finance, 26(1), 57-74.
  • Golinelli, R., ve Momigliano, S. (2008). The cyclical response of fiscal policies in the euro area: Why do results of empirical research differ so strongly (No. 654). Bank of Italy Economic Research Department Economic Working Papers, 1-43.
  • Golinelli, R., ve Momigliano, S. (2009). The cyclical reaction of fiscal policies in the euro area: The role of modelling choices and data vintages. Fiscal Studies, 30(1), 39-72.
  • Granado, J.A., Gupta, S., ve Hajdenberg, A. (2013). Is social spending procyclical? Evidence for developing countries. World Development, 42(C), 16-27.
  • Gupta, S.P. (1968). Public expenditure and economic development: A cross-section analysis. Finanzarchiv, 28(1), 26-41.
  • Henning J.A., ve Tussing, A.D. (1974). Income Elasticity of the Demand for Public Expenditures in the United States. Public Finance, 29(3-4), 325-341.
  • Hercowitz, Z., ve Strawczynski, M. (2004). Cyclical ratcheting in government spending: Evidence from the OECD. Review of Economics and Statistics, 86(1), 353-361.
  • Holsey, C.M., ve Borcherding, T.E. (1997). Why does government’s share grow? An assessment of the recent literature on the US. D. C. Mueller (Ed.) Perspectives on Public Choice: A Handbook (562-591) içinde. New York: Cambridge University Press.
  • Hook, E. (1962). The expansion of the public sector - A study of the development of public expenditures in Swecden during the years 1912-1958. Public Finance, 17(3), 289-312.
  • Ilzetzki, E., ve Végh, C.A. (2008). Pro-cyclical fiscal policy in developing countries: Truth or fiction? NBER National Bureau of Economic Research) Working Papers (No.14191). 1-31.
  • IMF [International Monetary Fund] (2019). Turkey: 2019 article IV consultation (No. 395). IMF Country Report, 1-64.
  • Jaimovich, D., ve Panizza, U. (2007). Procyclicality or reverse causality? (No. 599). Inter-American Development Bank Research Department Working Paper, 1-29.
  • Kaminsky, G.L., Reinhart C.M., ve Végh, C.A. (2004). When it rains, it pours: Procyclical capital flows and macroeconomic policies. (No. 10780). NBER (National Bureau of Economic Research) Working Paper Series, 11-82.
  • Koirala, T.P. (2015). Cyclicality in the fiscal policy of Nepal. NRB Economic Review, 27(1), 37-48.
  • Lall, S. (1969). A note on government expenditures in developing countries. Economic Journal, 79(314), 413-417.
  • Lane, P.R. (2003). The cyclical behavior of fiscal policy: Evidence from the OECD. Journal of Public Economics, 87(12), 2661-2675.
  • Lee, Y., ve Sung, T. (2007). Fiscal policy, business cycles and economic stabilisation: Evidence from industrialised and developing countries. Fiscal Studies, 28(4), 437-462.
  • Leigh, D., ve Stehn, S.J. (2009). Fiscal and monetary policy during downturns: Evidence from the G7 (No. 09/50). IMF (International Monetary Fund) Working Paper, 1-19.
  • Lindert, P. H. (1994a). The rise of social spending, 1880–1930. Explorations in Economic History, 31(1), 1-34.
  • Lindert, P.H. (1996b). What limits social spending?. Explorations in Economic History, 33(1), 1-34.
  • Lindert, P.H. (2004c). Growing public: Volume 1, The story: Social spending and economic growth since the eighteenth century. Cambridge and New York: Cambridge University Press.
  • Lindert, P.H. (2004d). Growing public: Volume 2, Further evidence: Social spending and economic since the eighteenth century. Cambridge and New York: Cambridge University Press.
  • Manasse, P. (2006). Procyclical fiscal policy: Shocks, rules, and institutions - A view from MARS (No. 06/27). IMF (International Monetary Fund) Working Paper, 1-39.
  • Martin, A. ve Lewis, W.A. (1956). Patterns of government revenue and expenditure. The Manchester School, 24(3), 203-244.
  • Mesea, O.E. (2013). The analysis on the cyclical behaviour of fiscal policy in the EU member states. Procedia Economics and Finance, 6(2), 645-653.
  • Mourre, G., Astarita, C., ve Princen, S. (2014). Adjusting the budget balance for the business cycle: the EU methodology (No. 536). European Economy Economic Papers, 1-38.
  • Musgrave, R.A. (1969). Fiscal Systems. New Haven: Yale University Press.
  • Pluta, J.E. (1979). Wagner’s law, public sector patterns, and growth of public enterpries in Taiwan. Public Finance Quarterly, 7(1), 25-46.
  • Price, R.W.R., Dang, T-T., ve Guillemette, Y. (2014). New tax and expenditure elasticity estimates for EU budget surveillance (No. 1174). OECD Economic Department Working Papers, 1-51.
  • Price, R.W.R., Dang, T-T., ve Botev, J. (2015). Adjusting fiscal balances for the business cycle: New tax and expenditure elasticity estimates for EU budget surveillance (No. 1275). OECD Economic Department Working Papers, 1-58.
  • Pryor, F.L. (1968). Public Expenditure in Communist and Capitalist Nations. London: George Allen and Unwin.
  • Shelton, C.A., (2007). The size and composition of government expenditure. Journal of Public Economics, 91(11-12), 2230-2260.
  • Szarowská, I. (2012). The cyclicality of government expenditure and Wagner's law - Case of Czech Republic, Slovakia, Hungary, Bulgaria and Romania. Scientific Papers of the University of Pardubice Series D, Faculty of Economics and Administration, 24(1), 188-198.
  • Talvi, E., ve Végh, C.A. (2005). Tax base variability and pro-cyclical fiscal policy in developing countries. Journal of Development Economics, 78(1), 156-190.
  • Tanzi, V., ve Schuknecht, L. (2000). Public spending in the 20th century. Cambridge: Cambridge University Press.
  • Thorn, R.S. (1967). The evolution of public finance during economic development. The Manchester School, 35(1) s. 19-53.
  • Veverka, J. (1963). The growth of government expenditure in the United Kingdom since 1790. Scottish Journal of Political Economy, 10(1), 111-127.
  • Wagner, R.E., ve Weber, W.E. (1977). Wagner’s law, fiscal institutions, and the economic growth of government. National Tax Journal, 30(1), 59-68.
  • Williamson, J.G. (1961). Public expenditure and revenue: An international comparison. The Manchester School, 29(1), 43-56.
  • Yılmaz, G.A. (2012). Türkiye’de kamu harcamaları esnekliği: 2000 sonrası dönem tahlili. Maliye Çalışmaları Dergisi, 57(1) 29-8.

Cyclical evaluation of the government expenditure elasticity in the European Union: analysis of the period 1999-2016

Year 2020, Volume: 3 Issue: 1, 1 - 20, 22.06.2020

Abstract

This study examines the cyclical situation of government expenditures, which is the most important fiscal policy instrument of the European Union, based on the period 1999-2016. In this context, the elasticity of government expenditures is calculated for each European country as the first step by using the European Commission method. In this respect, the elasticity of government expenditures for each country and each year is calculated using the potential GDP ratio of cyclically adjusted general government expenditures obtained from AMECO (Annual Macroeconomic Database of the European Commission's Directorate-General for Economic and Financial Affairs), general government current expenditures 2010 fixed prices, potential GDP, and GDP price deflator data. In the second phase, the cyclical situation of government expenditures in the European Union for the period of 1999-2016 is analyzed in accordance with the calculated elasticity values. According to the analysis, it is concluded that the cyclical situation of government expenditures differs in the EU especially before and after the 2008 crisis period.

Project Number

SBA-2019-12224

References

  • Akitoby, B., Clements, B., Gupta, S., ve Inchauste G. (2004). The cyclical and long-term behavior of government expenditures in developing countries (No. 04/202). IMF (International Monetary Fund) Working Paper, 1-23.
  • Akitoby, B., Clements, B., Gupta S., ve Inchauste, G. (2006). Public spending, voracity, and Wagner‘s law in developing countries. European Journal of Political Economy, 22(4), 908-924.
  • Altar, M., Necula, C., ve Bobeica, G. (2010). Estimating the cyclically adjusted budget balance for the Romanian economy. A robust approach. Romanian Journal of Economic Forecasting, 13(2), 79-99.
  • Andic S., ve Veverka, J. (1964). The growth of government expenditure in Germany since the unification. Finanzarchiv, 23(2), 169-278.
  • Arpaia, A., ve Turrini, A. (2008). Government expenditure and economic growth in the EU: Long-run tendencies and short-term adjustment (No. 300). European Commission Directorate-General for Economic and Financial Affairs Economic Papers, 1-50.
  • Atkinson, A.B., ve Stiglitz, J.E. (1980). Lectures on Public Economics. New York: McGraw-Hill.
  • Balassone, F., ve Francese, M. (2004a). Cyclical asymmetry in fiscal policy and the treaty of Maastricht (No. 531). Bank of Italy Economic Research Department Economic Working Papers, 6-25.
  • Balassone, F., ve Francese, M. (2004b). Cyclical asymmetry in fiscal variables (No. 531). Bank of Italy Economic Research Department Economic Working Papers, 845-867.
  • Beetsma, R., ve Giuliodori, M. (2008). Fiscal adjustment to cyclical developments in the OECD: An empirical analysis based on real-time data (No. 6692). CEPR (Centre for Economic Policy Research) Discussion Paper Series, 1-16.
  • Bezdìk, V., Dybzcak, K., ve Kreidl, A. (2003). Cyclically adjusted fiscal balance: OECD and ESCB methods.Czech Journal of Economics and Finance (Finance a uver), 53(11-12), 477-509.
  • Blanchard, O., ve Perotti, R. (2002). An empirical characterization of the dynamic effects of changes in government spending and taxes on output. Quarterly Journal of Economics, 117(4), 1329-1368.
  • Bruckner, M., Chong, A., ve Gradstein, M. (2011). Estimating income elasticity of government expenditures: Evidence from oil price shocks (No. 8563). World Bank Centre for Economic Policy Research (CEPR) Discussion Paper Series, 1-36.
  • Calderón, C., ve Schmidt-Hebbel, K. (2008). Business cycles and fiscal policies: The role of institutions and financial markets (No. 481). Central Bank of Chile Working Papers, 1-37.
  • Çebi, C. (2015). Bütçe harcama katılığı (No. 1523). Türkiye Cumhuriyeti Merkez Bankası Ekonomi Notları, 1-13.
  • Çulha, A.A. (2016). Asymmetric government expenditure: A comparison of advanced and developing countries (No. 16/17). Central Bank of the Republic of Turkey Working Papers, 1-28.
  • Dağ, M. (2017). Türkiye’de bütçe harcamalarının esnekliğinin değerlendirilmesi: Dönemsel bir analiz. M. Aydın, N. Ş. Pınarcıoğlu ve Ö. Uğurlu (Ed.) Current Debates in Public Finance Public Administration & Environmental Studies (s. 117-130) içinde. İstanbul: IJOPEC Publication.
  • Durevall, D., ve Henrekson, M. (2011). The futile quest for a grand explanation of long-run government expenditure. Journal of Public Economics, 95(7-8), 708-722.
  • Easterly, W., ve Rebelo, S. (1993) Fiscal policy and economic growth: An empirical investigation. Journal of Monetary Economics, 32(1993) 417-458.
  • Emi, K. (1963). Government fiscal activity and economic growth in Japan, 1868-1960. Hutchinson: Kinokuniya Bookstore Co.
  • Fatás, A., ve Mihov, I. (2007). Fiscal discipline, volatility and growth. G. E. Perry, L. Sérven and R. Suescún (Eds.) Fiscal Policy Stabilization and Growth: Prudence or Abstinence (s. 43-74) içinde. Washington D.C: The World Bank.
  • Forni, L., ve Momigliano, S. (2004). Cyclical sensitivity of fiscal policies based on real-time data. Applied Economics Quarterly 50(3), 299-326.
  • Gavin, M., ve Perotti, R. (1997). Fiscal policy in Latin America. B. S. Bernanke and J. Rotemberg (Eds.) NBER Macroeconomics Annual içinde (s. 1-72). Cambridge: MIT Press.
  • Gazidede, A. (2013). Cyclically adjusted budget balance an alternative approach in estimating the fiscal position for Albania (No. 10(49)2013). Bank of Albania Working Papers, 1-52.
  • Goffman, I.J., ve Mahar, D.J. (1968) The growth of public expenditures in selected nations: Six Caribbean countries, Public Finance, 26(1), 57-74.
  • Golinelli, R., ve Momigliano, S. (2008). The cyclical response of fiscal policies in the euro area: Why do results of empirical research differ so strongly (No. 654). Bank of Italy Economic Research Department Economic Working Papers, 1-43.
  • Golinelli, R., ve Momigliano, S. (2009). The cyclical reaction of fiscal policies in the euro area: The role of modelling choices and data vintages. Fiscal Studies, 30(1), 39-72.
  • Granado, J.A., Gupta, S., ve Hajdenberg, A. (2013). Is social spending procyclical? Evidence for developing countries. World Development, 42(C), 16-27.
  • Gupta, S.P. (1968). Public expenditure and economic development: A cross-section analysis. Finanzarchiv, 28(1), 26-41.
  • Henning J.A., ve Tussing, A.D. (1974). Income Elasticity of the Demand for Public Expenditures in the United States. Public Finance, 29(3-4), 325-341.
  • Hercowitz, Z., ve Strawczynski, M. (2004). Cyclical ratcheting in government spending: Evidence from the OECD. Review of Economics and Statistics, 86(1), 353-361.
  • Holsey, C.M., ve Borcherding, T.E. (1997). Why does government’s share grow? An assessment of the recent literature on the US. D. C. Mueller (Ed.) Perspectives on Public Choice: A Handbook (562-591) içinde. New York: Cambridge University Press.
  • Hook, E. (1962). The expansion of the public sector - A study of the development of public expenditures in Swecden during the years 1912-1958. Public Finance, 17(3), 289-312.
  • Ilzetzki, E., ve Végh, C.A. (2008). Pro-cyclical fiscal policy in developing countries: Truth or fiction? NBER National Bureau of Economic Research) Working Papers (No.14191). 1-31.
  • IMF [International Monetary Fund] (2019). Turkey: 2019 article IV consultation (No. 395). IMF Country Report, 1-64.
  • Jaimovich, D., ve Panizza, U. (2007). Procyclicality or reverse causality? (No. 599). Inter-American Development Bank Research Department Working Paper, 1-29.
  • Kaminsky, G.L., Reinhart C.M., ve Végh, C.A. (2004). When it rains, it pours: Procyclical capital flows and macroeconomic policies. (No. 10780). NBER (National Bureau of Economic Research) Working Paper Series, 11-82.
  • Koirala, T.P. (2015). Cyclicality in the fiscal policy of Nepal. NRB Economic Review, 27(1), 37-48.
  • Lall, S. (1969). A note on government expenditures in developing countries. Economic Journal, 79(314), 413-417.
  • Lane, P.R. (2003). The cyclical behavior of fiscal policy: Evidence from the OECD. Journal of Public Economics, 87(12), 2661-2675.
  • Lee, Y., ve Sung, T. (2007). Fiscal policy, business cycles and economic stabilisation: Evidence from industrialised and developing countries. Fiscal Studies, 28(4), 437-462.
  • Leigh, D., ve Stehn, S.J. (2009). Fiscal and monetary policy during downturns: Evidence from the G7 (No. 09/50). IMF (International Monetary Fund) Working Paper, 1-19.
  • Lindert, P. H. (1994a). The rise of social spending, 1880–1930. Explorations in Economic History, 31(1), 1-34.
  • Lindert, P.H. (1996b). What limits social spending?. Explorations in Economic History, 33(1), 1-34.
  • Lindert, P.H. (2004c). Growing public: Volume 1, The story: Social spending and economic growth since the eighteenth century. Cambridge and New York: Cambridge University Press.
  • Lindert, P.H. (2004d). Growing public: Volume 2, Further evidence: Social spending and economic since the eighteenth century. Cambridge and New York: Cambridge University Press.
  • Manasse, P. (2006). Procyclical fiscal policy: Shocks, rules, and institutions - A view from MARS (No. 06/27). IMF (International Monetary Fund) Working Paper, 1-39.
  • Martin, A. ve Lewis, W.A. (1956). Patterns of government revenue and expenditure. The Manchester School, 24(3), 203-244.
  • Mesea, O.E. (2013). The analysis on the cyclical behaviour of fiscal policy in the EU member states. Procedia Economics and Finance, 6(2), 645-653.
  • Mourre, G., Astarita, C., ve Princen, S. (2014). Adjusting the budget balance for the business cycle: the EU methodology (No. 536). European Economy Economic Papers, 1-38.
  • Musgrave, R.A. (1969). Fiscal Systems. New Haven: Yale University Press.
  • Pluta, J.E. (1979). Wagner’s law, public sector patterns, and growth of public enterpries in Taiwan. Public Finance Quarterly, 7(1), 25-46.
  • Price, R.W.R., Dang, T-T., ve Guillemette, Y. (2014). New tax and expenditure elasticity estimates for EU budget surveillance (No. 1174). OECD Economic Department Working Papers, 1-51.
  • Price, R.W.R., Dang, T-T., ve Botev, J. (2015). Adjusting fiscal balances for the business cycle: New tax and expenditure elasticity estimates for EU budget surveillance (No. 1275). OECD Economic Department Working Papers, 1-58.
  • Pryor, F.L. (1968). Public Expenditure in Communist and Capitalist Nations. London: George Allen and Unwin.
  • Shelton, C.A., (2007). The size and composition of government expenditure. Journal of Public Economics, 91(11-12), 2230-2260.
  • Szarowská, I. (2012). The cyclicality of government expenditure and Wagner's law - Case of Czech Republic, Slovakia, Hungary, Bulgaria and Romania. Scientific Papers of the University of Pardubice Series D, Faculty of Economics and Administration, 24(1), 188-198.
  • Talvi, E., ve Végh, C.A. (2005). Tax base variability and pro-cyclical fiscal policy in developing countries. Journal of Development Economics, 78(1), 156-190.
  • Tanzi, V., ve Schuknecht, L. (2000). Public spending in the 20th century. Cambridge: Cambridge University Press.
  • Thorn, R.S. (1967). The evolution of public finance during economic development. The Manchester School, 35(1) s. 19-53.
  • Veverka, J. (1963). The growth of government expenditure in the United Kingdom since 1790. Scottish Journal of Political Economy, 10(1), 111-127.
  • Wagner, R.E., ve Weber, W.E. (1977). Wagner’s law, fiscal institutions, and the economic growth of government. National Tax Journal, 30(1), 59-68.
  • Williamson, J.G. (1961). Public expenditure and revenue: An international comparison. The Manchester School, 29(1), 43-56.
  • Yılmaz, G.A. (2012). Türkiye’de kamu harcamaları esnekliği: 2000 sonrası dönem tahlili. Maliye Çalışmaları Dergisi, 57(1) 29-8.
There are 63 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section Research Articles
Authors

Tuğay Günel This is me 0000-0001-7980-1764

Emin Efecan Aktaş 0000-0001-7751-3275

Project Number SBA-2019-12224
Publication Date June 22, 2020
Submission Date May 11, 2020
Published in Issue Year 2020 Volume: 3 Issue: 1

Cite

APA Günel, T., & Aktaş, E. E. (2020). Avrupa Birliği’nde kamu harcamaları esnekliğinin konjonktürel açıdan değerlendirilmesi: 1999-2016 dönemi analizi. Journal of Politics Economy and Management, 3(1), 1-20.

The author(s) is (are) the sole responsible for the opinion and views stated in the articles.

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