MALİYE POLİTİKALARI, MALİ YERELLEŞME VE EKONOMİK PERFORMANS ARASINDAKİ BAĞ: KÜRESELLEŞME VE KURUMSAL KALİTE ETKİLEŞİMİ

Abstract

Bu makale, küreselleşmenin ve kurumsal kalitenin sadece bireysel etkilerini değil aynı zamanda birlikte etkileşimlerinin mali yerelleşme, kamu harcamaları, vergi gelirleri ve ekonomik performans üzerindeki etkilerini de ortaya koymayı amaçlamaktadır. Kurumlar, ekonomik faaliyetin temel unsurlarındandır. Mali yerelleşmenin makroekonomik değişkenler üzerindeki etkisi incelenirken ekonomik yapının dinamiklerinin belirlenebilmesi için kurumsal kalitenin de incelenmesi gereklidir. Bu kapsamda, küreselleşmenin ve kurumsal kalitenin birlikte etkisini ele alan çalışmalar literatürde yeteri kadar bulunmamaktadır. Literatüre ek bir katkı olarak, 1996-2010 dönemleri arasında Ekonomik İşbirliği ve Kalkınma Örgütü üyesi olan 24 ülke için etkileşimin yönü ve boyutu panel VARX yöntemiyle araştırılmaktadır

Keywords

• Mali yerelleşme
• küreselleşme
• kurumsal kalite
• ekonomik performans
• maliye politikası

THE NEXUS AMONG FISCAL POLICIES, FISCAL DECENTRALIZATION, AND ECONOMIC PERFORMANCE: JOINT EFFECT OF GLOBALIZATION AND INSTITUTIONAL QUALITY

Abstract

This article aims to reveal not only the individual effects of globalization and institutional quality but also their interaction effects on fiscal decentralization, government spending, tax revenues, and economic performance. The role of institutions is important as the underlying basis for economic activity. Institutional quality should include an analysis of the impact of fiscal decentralization on macroeconomic variables to determine the dynamics of economic structure. There are not enough studies that deal with the interaction effect of globalization and institutional quality within this concept. As an additional contribution, panel VARX method is applied to investigate the direction and size of the interaction for the 24 countries that are members of Organization for Economic Cooperation and Development between 1996 and 2010

Keywords

• Fiscal decentralization
• globalization
• institutional quality
• economic performance
• fiscal policy

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