TY  - JOUR
T1  - Analyzing Public Spending and Income Links in CIVETS
TT  - CIVETS Ülkelerinde Kamu Harcamaları ve Gelir İlişkilerinin Analizi
AU  - Savaş, Yunus
PY  - 2025
DA  - October
Y2  - 2025
DO  - 10.54733/smar.1685853
JF  - Sosyal Mucit Academic Review
JO  - SMAR
PB  - Erhan AYDIN
WT  - DergiPark
SN  - 2718-1081
SP  - 419
EP  - 435
VL  - 6
IS  - 3
LA  - en
AB  - A substantial body of research has emerged within the economic discourse surrounding the intricacies of public expenditure and its relationship with national income. Researchers have dedicated significant effort to investigating the nature of this interdependence. This study endeavors to make a meaningful contribution to the extant body of research by assessing the validity of two prominent perspectives—those of Wagner and Keynes—within the context of the CIVETS countries (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa) for the time period of 1995-2023, for both absolute and relative versions. The Westerlund cointegration test and Dumitrescu-Hurlin panel causality test with a bootstrap approach were utilized to examine the dynamic interactions between public spending and national income. The findings indicate that, in its absolute form, Wagner's Law is supported; however, no significant relationship is observed in the case of the Keynesian perspective. The findings indicate that the influence operates from national income to public expenditure, rather than the reverse, in the case of CIVETS countries. This finding contributes to the ongoing discussion regarding the directionality of causality between public spending and national income, emphasizing the relevance of Wagner's Law in the context of emerging market economies.
KW  - public spending
KW  - national income
KW  - wagner law
KW  - panel causality
N2  - Ekonomik söylem içerisinde kamu harcamalarının incelikleri ve milli gelirle olan ilişkisi üzerine önemli bir araştırma grubu ortaya çıkmıştır. Araştırmacılar bu karşılıklı bağımlılığın doğasını araştırmak için önemli çaba sarf etmişlerdir. Bu çalışma, 1995-2023 dönemi için CIVETS ülkeleri (Kolombiya, Endonezya, Vietnam, Mısır, Türkiye ve Güney Afrika) bağlamında Wagner ve Keynes'in iki önemli perspektifinin geçerliliğini hem mutlak hem de göreli versiyonlar için değerlendirerek mevcut araştırma bütününe anlamlı bir katkıda bulunmaya çalışmaktadır. Kamu harcamaları ve milli gelir arasındaki dinamik etkileşimleri incelemek için Westerlund eşbütünleşme testi ve bootstrap yaklaşımıyla Dumitrescu-Hurlin panel nedensellik testi kullanılmıştır. Bulgular, mutlak haliyle Wagner Yasası'nın desteklendiğini, ancak Keynesyen perspektif söz konusu olduğunda anlamlı bir ilişki gözlenmediğini göstermektedir. Bulgular, CIVETS ülkeleri söz konusu olduğunda, etkinin milli gelirden kamu harcamalarına doğru değil, tersine işlediğini göstermektedir. Bu bulgu, kamu harcamaları ile milli gelir arasındaki nedenselliğin yönüne ilişkin süregelen tartışmaya katkıda bulunmakta ve Wagner Yasası'nın yükselen piyasa ekonomileri bağlamındaki önemini vurgulamaktadır.
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UR  - https://doi.org/10.54733/smar.1685853
L1  - https://dergipark.org.tr/tr/download/article-file/4814774
ER  -