Is Fiscal Policy in Turkey Pro or Counter-Cyclical? Evidence from the ARDL Analysis

Şeref Can Serin; İlter Ünlükaplan

doi:10.17494/ogusbd.1161380

EN TR

Is Fiscal Policy in Turkey Pro or Counter-Cyclical? Evidence from the ARDL Analysis

Öz

An essential part of the ongoing normative debate on how to design the cyclical movements of fiscal policy practices argues that counter-cyclical fiscal policies based on the Keynesian view should be preferred to pro-cyclical practices because of their stabilizing effects. In this context, the empirical analysis of the cyclical behavior of fiscal policy is an area that is up to date, first introduced by Gavin and Perotti (1997). The common opinion of empirical studies is that counter-cyclical practices are applied in developed economies; pro-cycle practices are more common in developing and underdeveloped economies. This study examines the cyclical movements of fiscal policy practices in Turkiye from 1990-2020 with the ARDL method. As a result of the study, findings were obtained that Turkiye's fiscal policy practices have a counter-cyclical structure but lose its fiscal space for a maneuver. The robustness tests also support the findings.

Anahtar Kelimeler

Business Cycle, Fiscal Policy, Time Series Analysis

Kaynakça

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Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yazarlar

Şeref Can Serin ^*
0000-0001-8575-9128
Türkiye

İlter Ünlükaplan
0000-0002-5420-3642
Türkiye

Yayımlanma Tarihi

19 Aralık 2022

Gönderilme Tarihi

12 Ağustos 2022

Kabul Tarihi

17 Ekim 2022

Yayımlandığı Sayı

Yıl 2022 Cilt: 23 Sayı: 2

DOI

https://doi.org/10.17494/ogusbd.1161380

IZ

https://izlik.org/JA62BD66FM

APA

Serin, Ş. C., & Ünlükaplan, İ. (2022). Is Fiscal Policy in Turkey Pro or Counter-Cyclical? Evidence from the ARDL Analysis. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, 23(2), 264-287. https://doi.org/10.17494/ogusbd.1161380

AMA

1.Serin ŞC, Ünlükaplan İ. Is Fiscal Policy in Turkey Pro or Counter-Cyclical? Evidence from the ARDL Analysis. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi. 2022;23(2):264-287. doi:10.17494/ogusbd.1161380

Chicago

Serin, Şeref Can, ve İlter Ünlükaplan. 2022. “Is Fiscal Policy in Turkey Pro or Counter-Cyclical? Evidence from the ARDL Analysis”. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi 23 (2): 264-87. https://doi.org/10.17494/ogusbd.1161380.

EndNote

Serin ŞC, Ünlükaplan İ (01 Aralık 2022) Is Fiscal Policy in Turkey Pro or Counter-Cyclical? Evidence from the ARDL Analysis. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi 23 2 264–287.

IEEE

[1]Ş. C. Serin ve İ. Ünlükaplan, “Is Fiscal Policy in Turkey Pro or Counter-Cyclical? Evidence from the ARDL Analysis”, Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, c. 23, sy 2, ss. 264–287, Ara. 2022, doi: 10.17494/ogusbd.1161380.

ISNAD

Serin, Şeref Can - Ünlükaplan, İlter. “Is Fiscal Policy in Turkey Pro or Counter-Cyclical? Evidence from the ARDL Analysis”. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi 23/2 (01 Aralık 2022): 264-287. https://doi.org/10.17494/ogusbd.1161380.

JAMA

1.Serin ŞC, Ünlükaplan İ. Is Fiscal Policy in Turkey Pro or Counter-Cyclical? Evidence from the ARDL Analysis. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi. 2022;23:264–287.

MLA

Serin, Şeref Can, ve İlter Ünlükaplan. “Is Fiscal Policy in Turkey Pro or Counter-Cyclical? Evidence from the ARDL Analysis”. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, c. 23, sy 2, Aralık 2022, ss. 264-87, doi:10.17494/ogusbd.1161380.

Vancouver

1.Şeref Can Serin, İlter Ünlükaplan. Is Fiscal Policy in Turkey Pro or Counter-Cyclical? Evidence from the ARDL Analysis. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi. 01 Aralık 2022;23(2):264-87. doi:10.17494/ogusbd.1161380

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