Research Article

A Historical Analysis of The Economic Development of The USA (1947-2017)

Volume: 8 Number: 1 January 29, 2019
TR EN

A Historical Analysis of The Economic Development of The USA (1947-2017)

Abstract


The aim of this study is to evaluate economic improvement of US. For this purpose, the quarterly data for the periods between 1947 and 2015 is taken into the consideration. Therefore, focusing on this long period provides a historical view so that more appropriate results can be achieved. Moreover, economic growth of US is considered as dependent variable whereas four different subtitles of GDP (consumption, private investment, government expenditure and net export) are selected as independent variables. Furthermore, multivariate adoptive regression spline (MARS) methodology is used in the analysis process. The findings show that private investment, government expenditure and net export have a positive relationship between economic growth. It is identified that the positive effect reduces when the percentage of government expenditure exceeds 22.2%. On the other side, in case of negative net export and having lower investment ratio than 16.3%, economic development of US will be affected negatively. These results give very important information that instead of consumption, other three subtitles of GDP make a contribution to the economic development of US. By considering these results, it is recommended that US should mainly implement growth strategies by focusing on private investment and net export. Within this framework, tax advantages for these investors can be provided to reach this objective. In addition to this condition, government should also give incentives to improve industrial production so that investment and export can be increased.

Keywords

References

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Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

Seçil Şenel Uzunkaya This is me
Türkiye

Publication Date

January 29, 2019

Submission Date

November 2, 2018

Acceptance Date

December 27, 2018

Published in Issue

Year 2019 Volume: 8 Number: 1

APA
Şenel Uzunkaya, S., Dinçer, H., & Yüksel, S. (2019). A Historical Analysis of The Economic Development of The USA (1947-2017). MANAS Sosyal Araştırmalar Dergisi, 8(1), 209-222. https://doi.org/10.33206/mjss.477724
AMA
1.Şenel Uzunkaya S, Dinçer H, Yüksel S. A Historical Analysis of The Economic Development of The USA (1947-2017). MJSS. 2019;8(1):209-222. doi:10.33206/mjss.477724
Chicago
Şenel Uzunkaya, Seçil, Hasan Dinçer, and Serhat Yüksel. 2019. “A Historical Analysis of The Economic Development of The USA (1947-2017)”. MANAS Sosyal Araştırmalar Dergisi 8 (1): 209-22. https://doi.org/10.33206/mjss.477724.
EndNote
Şenel Uzunkaya S, Dinçer H, Yüksel S (January 1, 2019) A Historical Analysis of The Economic Development of The USA (1947-2017). MANAS Sosyal Araştırmalar Dergisi 8 1 209–222.
IEEE
[1]S. Şenel Uzunkaya, H. Dinçer, and S. Yüksel, “A Historical Analysis of The Economic Development of The USA (1947-2017)”, MJSS, vol. 8, no. 1, pp. 209–222, Jan. 2019, doi: 10.33206/mjss.477724.
ISNAD
Şenel Uzunkaya, Seçil - Dinçer, Hasan - Yüksel, Serhat. “A Historical Analysis of The Economic Development of The USA (1947-2017)”. MANAS Sosyal Araştırmalar Dergisi 8/1 (January 1, 2019): 209-222. https://doi.org/10.33206/mjss.477724.
JAMA
1.Şenel Uzunkaya S, Dinçer H, Yüksel S. A Historical Analysis of The Economic Development of The USA (1947-2017). MJSS. 2019;8:209–222.
MLA
Şenel Uzunkaya, Seçil, et al. “A Historical Analysis of The Economic Development of The USA (1947-2017)”. MANAS Sosyal Araştırmalar Dergisi, vol. 8, no. 1, Jan. 2019, pp. 209-22, doi:10.33206/mjss.477724.
Vancouver
1.Seçil Şenel Uzunkaya, Hasan Dinçer, Serhat Yüksel. A Historical Analysis of The Economic Development of The USA (1947-2017). MJSS. 2019 Jan. 1;8(1):209-22. doi:10.33206/mjss.477724

Cited By

MANAS Journal of Social Studies
 

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