WAGNER VE KEYNES HİPOTEZİNİN GEÇERLİLİĞİ: TÜRKİYE ÖRNEĞİ

Year 2020, , 150 - 168, 20.12.2020

Şahin Karabulut

https://doi.org/10.21076/vizyoner.701710

Cited By: 4

Abstract

Kamu harcamaları ile milli gelir arasındaki ilişki ekonomi literatüründe çeşitli teoriler ve bakış açıları çerçevesinde uzun yıllardır tartışma konusu olmuştur. Bu çalışmada, söz konusu ilişki Türkiye ekonomisi için Keynes ve Wagner’in ortaya koyduğu teoriler çerçevesinde analiz edilmiştir. Söz konusu ilişkinin belirlenebilmesi ve hangi teorinin geçerli olduğunun tespit edilebilmesi için Granger nedensellik testi ve Vektör otoregresyon (VAR) modeli kullanılmıştır. 1998-2018 yıllık verileri kullanılarak yapılan çalışmada değişkenler arasında herhangi bir nedensellik ilişkisi olmadığı sonucuna ulaşılmıştır. Diğer yandan, kurulan VAR modelinde etki-tepki analizine göre kamu harcamalarında ortaya çıkan şokların yaklaşık beş dönem boyunca GSYİH üzerinde etkili olduğu belirlenmiştir. Ayrıca varyans ayrıştırması sonuçlarına göre GSYİH’nın açıklanmasında kamu harcamalarının önemli bir faktör olduğu görülmektedir. Elde edilen bulgular, Türkiye ekonomisi için Keynesyen hipotezin geçerli olduğu sonucunu ortaya koymuştur.

Keywords

Kamu Harcaması, Gayrisafi Yurtiçi Hasıla, Ekonomik Büyüme

VALIDITY OF WAGNER AND KEYNES HYPOTHESIS: THE CASE OF TURKEY

Abstract

The relationship between public spending and national income has been the subject of research for many years in the economic literature within the framework of various theories and perspectives. In the study, this relationship is analyzed within the framework of Keynes and Wagner’s theories for the Turkish economy. Granger causality test and Vector autoregression (VAR) model are used to determine this relationship and the current theory. In the study in which 1998-2018 period data is used, it is concluded that there is no causal relationship between the variables. On the other hand, according to the impact-response analysis in the established VAR model, shocks in public expenditures are determined to have an impact on GDP for approximately five periods. In addition, according to the results of variance decomposition, it is seen that public expenditures are an important factor in explaining GDP. The findings reveal that the Keynesian hypothesis is valid for the Turkish economy.

Keywords

Public Expenditure, Gross Domestic Product, Economic Growth

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