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EVALUATION OF FISCAL POLICY PRACTICES IN TURKEY FROM THE PERSPECTIVE OF FISCAL IMPULSE ANALYSIS

Yıl 2022, Sayı: 42, 374 - 406, 29.12.2022
https://doi.org/10.14520/adyusbd.1177794

Öz

Fiscal policy, which has attracted attention with the Keynesian doctrine and is frequently applied by governments, affects the components of aggregate demand through instruments such as taxes, public expenditures and borrowing and it affects economy in macro terms. The mentioned effect mechanism is realized through the budget balance. Policy makers try to eliminate the ongoing economic instability by applying expansionary or contractionary fiscal policy applications according to the conjuncture of the country's economy. Which fiscal policy application will be applied in an economy depends on the size and direction of the impact of the policy instruments on the economy. Here financial impact is a convenient analysis tool that provides an integrated representation of the impact level. In this study, the change in the total demand created by the fiscal policy practices applied in our country in the 1982-2019 period is tried to be revealed with the fiscal impact analysis.

Kaynakça

  • Alesina, Alberto and Perotti, Roberto (1995). Fiscal Expansions and Adjustments in OECD Countries. Economic Policy. No: 21, pp. 205-248.
  • Bevilaqua, Afonso S. and Werneck, Rogerio L.F. (1997). Fiscal Impulse in Brazilian Economy. 1989-1996. Departamento de Economia, No: 379.
  • Blanchard, Oliver J. (1990). Suggesting for a New Set of Fiscal Indicators. OECD Economics Department Working Papers, No: 79. doi:10.1787/18151973
  • Camarero, Mariam (1999). The IMF Fiscal Impulses and the Determination of the Real Exchange Rate of the Spanish Peseta. Applied Economic Letters. No: 9, pp. 235-240. Doi:10.1080/13504850110057965
  • Chalk, Nigel (2002). “Structural balances and all that: Which indicators to use in assessing fiscal policy.” International Monetary Fund Working Paper WP/02/101.
  • Chand, Sheetal K. (1977). “Summary Measures of Fiscal Influence”,IMF Staff Papers, 24(2),405-449.
  • Chand, Sheetal K. (1992). Fiscal Impulses and Their Fiscal Impact, IMF Working Paper WP/92/38. On-Line: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=884751 Date Accessed: 02/08/2021.
  • Chand, Sheetal K. (1993). Fiscal Impulse Measures and Their Fiscal Impact in How to Measure the Fiscal Deficit: Analytical and Methodological Issues. (Eds) Mario I. Blejerand Adrienne Cheasty, International Monetary Fund, ISBN 1-55775 Washington, pp. 85-99.
  • Çebi, Cem. (2002). Kamu Kesimi İtibariyle Mali Etki Hesaplaması: Türkiye Uygulaması. Türkiye Cumhuriyet Merkez Bankası Araştırma Genel Müdürlüğü Çalışma Tebliğ No:2, Ankara.
  • De Castro Fernandez, Francisco; Kremer, Jana and Warmedinger, Thomas (2010). How to Measure a Fiscal Stimulus. Presupuesto y Gasto Publico, Num.59, pp. 103-116.
  • Fedelino, Annalisa; Ivanova, Anna and Horton, Mark (2009). Computing Cyclically Adjusted Balances and Automatic Stabilizers, International Monetary Fund, Fiscal Affair Departments, Technical Notes and Manuals 09/05.
  • Giavazzi, Francesco; Jappelli Tullio and Pagano, Marco (2000). Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries, Euro Econ Review, No: 44, pp. 1259-1289.
  • Hagemann, Robert (1999). “The Structural Budget Balance The IMF's Methodology”, International Monetary Fund Working Paper WP/99/95.
  • Heller, Peter S.; Haas, Richard D. and Mansur, Ahsan S. (1986). A Review of The Fiscal Impulse Measure. IMF Occasional Paper No:44,On-Line: http://petersheller.com/documents/IMF_OP44.pdf (Date Accessed: 13/08/2021)
  • Hodrick, Robert J. and Prescott Edward C. (1980). “Postwar U.S. Business Cycles: An EmpricalInvestigation”, Carnegie-Mellon University Working Paper, No. 451.
  • Kandil, Magda E. and Morsy, Hanan, (2010). Fiscal Stimulus and Credibility in Emerging Countries. IMF Working Paper WP/10/123, On-Line: https://www.imf.org/external/pubs/ft/wp/2010/wp10123.pdf Date Accessed: 13/08/2021
  • Karabıçak, Mevlüt (2000). Türkiye’de Ekonomik İstikrarsızlığın Tarihsel Gelişim Süreci. Süleyman Demirel Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 5(2), 49-65.
  • Kaya, Ayşe (2013). Mali Sürdürülebilirlik: Teori ve Türkiye Uygulaması, İstanbul: Türkiye Bankalar Birliği, Yayın No:292.
  • Kiss, Gabor (2011). Moving Target Indication: Fiscal Indicators Employed by the Magyar Nemzeti Bank. MNB Occasional Papers, 92.
  • Muller, Patrice and Price, Robert W.R. (1984). Structural Budget Deficit and Fiscal Stance, OECD Economics and Statistics Department Working Paper No:15. Organisation for Economic Co-operation and Development (OECD) (1997). Regulatory lmpact Analysis: Best Practices in OECD Countries, Paris.
  • Orseau, Eloïse and Salto, Matteo (2016). “Measuring and assessing the fiscal stance in the euro area: Methodological issues”, Part IV of the European Commission's Report on Public Finances in EMU 2016.
  • Padurean, Elena; Leonida, Candidate and Baltaretu, Camelia (2010). Evaluation of the Fiscal-Budgetary Policy Sustainability in Romenia. Financial Studies, 4/2010.
  • Parasız, İlker (1994), Ücret Teorisi (Modern Yaklaşım), Bursa: Ezgi Kitabevi Yayınları.
  • Philip, Renee and Janssen, John (2002). Indicators of Fiscal Impulse for New Zealand. New Zealand Treasury Workıng Paper 02/30, December 2002
  • Raisova, Manuela (2012). Fiscal Impulse Under Conditions of The Slovak Republic. Curentul Juridic, 4(51), 54-62. On-Line: http://revcurentjur.ro/arhiva/attachments_201204/recjurid124_5A.pdf Date Accessed: 25/08/2021
  • Schinasi, Garry J. and Lutz, Mark S. (1991). Fiscal Impulse. IMF Working Paper WP/91/91, On-Line: https://www.researchgate.net/publication/5125778_Fiscal_Impulse Date Accessed: 19/08/2021
  • Schinasi, Garry J. (1986). International Comparisons of Fiscal Policy: The OECD and IMF Measures of Fiscal Impulse, International Finance Discussion Papers. Number: 274. Strategy and Budget Department of Presidency of Republic (2021). Key Economic Indicators, https://www.sbb.gov.tr/wp-content/uploads/2020/10/Kamu-Kesimi-Genel-Dengesi-1998-2021_20102020-1.xls Date Accessed: 11.09.2021
  • Şen, Hüseyin and Kaya, Ayşe (2012). Türkiye’de Maliye Politikaları Ne Ölçüde Etkili?: Bir Mali Etki Analizi, Vergi Dünyası Dergisi, Sayı:368 (Nisan), s.162-170.
  • Şimşek, Hayal Ayça (2007). Effects of Stabilization Programs on Public Finance After 2000 In Turkey, 44(512), 52-68.
  • Tepekule, Umut (2016). Ekonomik İstikrarın Sağlanmasında Maliye Politikasının Etkisi: Mali Etki Analizi ve Türkiye Örneği, Yayımlanmamış Doktora Tezi, Celal Bayar Üniversitesi Sosyal Bilimler Enstitüsü, Manisa.
  • Turkish Statistics Institutes (2021). GDP Growth Rate, https://data.tuik.gov.tr/Bulten/Index?p=D%C3%B6nemsel-Gayrisafi-Yurt-%C4%B0%C3%A7i-Has%C4%B1la-II.-%C3%87eyrek:-Nisan---Haziran,-2021-37182&dil=1 Date Accessed: 11.09.2021
  • Vdovychenko, Artem (2018). Estimating the Fiscal Impulse in Ukraine,Visnyk of the National Bank of Ukraine, Iss 245, s. 45-63.
  • Yılmaz, Hakan (1996). Türkiye’de Vergi Yapısı ve 1980’den Sonra Sektörel Vergi Yüklerinin Gelişimi, Devlet Planlama Teşkilatı İktisadi Sektörler ve Koordinasyon Genel Müdürlüğü, Uzmanlık Tezi – DPT, Ankara.

TÜRKİYE’DEKİ MALİYE POLİTİKASI UYGULAMALARININ MALİ ETKİ ANALİZİ PERSPEKTİFİNDEN DEĞERLENDİRİLMESİ

Yıl 2022, Sayı: 42, 374 - 406, 29.12.2022
https://doi.org/10.14520/adyusbd.1177794

Öz

Keynesyen doktrin ile dikkatleri üzerine toplayan ve hükümetler tarafından sıklıkla başvurulan maliye politikası; vergiler, kamu harcamaları, borçlanma vb. gibi araçlarla toplam talep bileşenlerini makro açıdan ise ekonomiyi etkilemektedir. Bahsedilen etki mekanizması ise bütçe dengesi üzerinden gerçekleşmektedir. Politika yapıcılar ülke ekonomisinin içinde bulunduğu konjonktüre göre genişletici veya daraltıcı maliye politikası uygulamalarına başvurarak yaşanmakta olan ekonomik istikrarsızlığı bertaraf etmeye çalışmaktadırlar. Bir ekonomide hangi maliye politika uygulamasına başvurulacağı ise politika araçlarının ekonomide meydana getireceği etkinin büyüklüğüne ve yönüne bağlıdır. İşte mali etki söz konusu etki düzeyinin bütünleşik gösterimini sağlayan elverişli bir analiz aracıdır. Bu çalışmada 1982-2019 döneminde ülkemizde başvurulan maliye politikası uygulamalarının toplam talep üzerinde yarattığı değişim mali etki analizi ile ortaya konmaya çalışılmaktadır.

Kaynakça

  • Alesina, Alberto and Perotti, Roberto (1995). Fiscal Expansions and Adjustments in OECD Countries. Economic Policy. No: 21, pp. 205-248.
  • Bevilaqua, Afonso S. and Werneck, Rogerio L.F. (1997). Fiscal Impulse in Brazilian Economy. 1989-1996. Departamento de Economia, No: 379.
  • Blanchard, Oliver J. (1990). Suggesting for a New Set of Fiscal Indicators. OECD Economics Department Working Papers, No: 79. doi:10.1787/18151973
  • Camarero, Mariam (1999). The IMF Fiscal Impulses and the Determination of the Real Exchange Rate of the Spanish Peseta. Applied Economic Letters. No: 9, pp. 235-240. Doi:10.1080/13504850110057965
  • Chalk, Nigel (2002). “Structural balances and all that: Which indicators to use in assessing fiscal policy.” International Monetary Fund Working Paper WP/02/101.
  • Chand, Sheetal K. (1977). “Summary Measures of Fiscal Influence”,IMF Staff Papers, 24(2),405-449.
  • Chand, Sheetal K. (1992). Fiscal Impulses and Their Fiscal Impact, IMF Working Paper WP/92/38. On-Line: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=884751 Date Accessed: 02/08/2021.
  • Chand, Sheetal K. (1993). Fiscal Impulse Measures and Their Fiscal Impact in How to Measure the Fiscal Deficit: Analytical and Methodological Issues. (Eds) Mario I. Blejerand Adrienne Cheasty, International Monetary Fund, ISBN 1-55775 Washington, pp. 85-99.
  • Çebi, Cem. (2002). Kamu Kesimi İtibariyle Mali Etki Hesaplaması: Türkiye Uygulaması. Türkiye Cumhuriyet Merkez Bankası Araştırma Genel Müdürlüğü Çalışma Tebliğ No:2, Ankara.
  • De Castro Fernandez, Francisco; Kremer, Jana and Warmedinger, Thomas (2010). How to Measure a Fiscal Stimulus. Presupuesto y Gasto Publico, Num.59, pp. 103-116.
  • Fedelino, Annalisa; Ivanova, Anna and Horton, Mark (2009). Computing Cyclically Adjusted Balances and Automatic Stabilizers, International Monetary Fund, Fiscal Affair Departments, Technical Notes and Manuals 09/05.
  • Giavazzi, Francesco; Jappelli Tullio and Pagano, Marco (2000). Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries, Euro Econ Review, No: 44, pp. 1259-1289.
  • Hagemann, Robert (1999). “The Structural Budget Balance The IMF's Methodology”, International Monetary Fund Working Paper WP/99/95.
  • Heller, Peter S.; Haas, Richard D. and Mansur, Ahsan S. (1986). A Review of The Fiscal Impulse Measure. IMF Occasional Paper No:44,On-Line: http://petersheller.com/documents/IMF_OP44.pdf (Date Accessed: 13/08/2021)
  • Hodrick, Robert J. and Prescott Edward C. (1980). “Postwar U.S. Business Cycles: An EmpricalInvestigation”, Carnegie-Mellon University Working Paper, No. 451.
  • Kandil, Magda E. and Morsy, Hanan, (2010). Fiscal Stimulus and Credibility in Emerging Countries. IMF Working Paper WP/10/123, On-Line: https://www.imf.org/external/pubs/ft/wp/2010/wp10123.pdf Date Accessed: 13/08/2021
  • Karabıçak, Mevlüt (2000). Türkiye’de Ekonomik İstikrarsızlığın Tarihsel Gelişim Süreci. Süleyman Demirel Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 5(2), 49-65.
  • Kaya, Ayşe (2013). Mali Sürdürülebilirlik: Teori ve Türkiye Uygulaması, İstanbul: Türkiye Bankalar Birliği, Yayın No:292.
  • Kiss, Gabor (2011). Moving Target Indication: Fiscal Indicators Employed by the Magyar Nemzeti Bank. MNB Occasional Papers, 92.
  • Muller, Patrice and Price, Robert W.R. (1984). Structural Budget Deficit and Fiscal Stance, OECD Economics and Statistics Department Working Paper No:15. Organisation for Economic Co-operation and Development (OECD) (1997). Regulatory lmpact Analysis: Best Practices in OECD Countries, Paris.
  • Orseau, Eloïse and Salto, Matteo (2016). “Measuring and assessing the fiscal stance in the euro area: Methodological issues”, Part IV of the European Commission's Report on Public Finances in EMU 2016.
  • Padurean, Elena; Leonida, Candidate and Baltaretu, Camelia (2010). Evaluation of the Fiscal-Budgetary Policy Sustainability in Romenia. Financial Studies, 4/2010.
  • Parasız, İlker (1994), Ücret Teorisi (Modern Yaklaşım), Bursa: Ezgi Kitabevi Yayınları.
  • Philip, Renee and Janssen, John (2002). Indicators of Fiscal Impulse for New Zealand. New Zealand Treasury Workıng Paper 02/30, December 2002
  • Raisova, Manuela (2012). Fiscal Impulse Under Conditions of The Slovak Republic. Curentul Juridic, 4(51), 54-62. On-Line: http://revcurentjur.ro/arhiva/attachments_201204/recjurid124_5A.pdf Date Accessed: 25/08/2021
  • Schinasi, Garry J. and Lutz, Mark S. (1991). Fiscal Impulse. IMF Working Paper WP/91/91, On-Line: https://www.researchgate.net/publication/5125778_Fiscal_Impulse Date Accessed: 19/08/2021
  • Schinasi, Garry J. (1986). International Comparisons of Fiscal Policy: The OECD and IMF Measures of Fiscal Impulse, International Finance Discussion Papers. Number: 274. Strategy and Budget Department of Presidency of Republic (2021). Key Economic Indicators, https://www.sbb.gov.tr/wp-content/uploads/2020/10/Kamu-Kesimi-Genel-Dengesi-1998-2021_20102020-1.xls Date Accessed: 11.09.2021
  • Şen, Hüseyin and Kaya, Ayşe (2012). Türkiye’de Maliye Politikaları Ne Ölçüde Etkili?: Bir Mali Etki Analizi, Vergi Dünyası Dergisi, Sayı:368 (Nisan), s.162-170.
  • Şimşek, Hayal Ayça (2007). Effects of Stabilization Programs on Public Finance After 2000 In Turkey, 44(512), 52-68.
  • Tepekule, Umut (2016). Ekonomik İstikrarın Sağlanmasında Maliye Politikasının Etkisi: Mali Etki Analizi ve Türkiye Örneği, Yayımlanmamış Doktora Tezi, Celal Bayar Üniversitesi Sosyal Bilimler Enstitüsü, Manisa.
  • Turkish Statistics Institutes (2021). GDP Growth Rate, https://data.tuik.gov.tr/Bulten/Index?p=D%C3%B6nemsel-Gayrisafi-Yurt-%C4%B0%C3%A7i-Has%C4%B1la-II.-%C3%87eyrek:-Nisan---Haziran,-2021-37182&dil=1 Date Accessed: 11.09.2021
  • Vdovychenko, Artem (2018). Estimating the Fiscal Impulse in Ukraine,Visnyk of the National Bank of Ukraine, Iss 245, s. 45-63.
  • Yılmaz, Hakan (1996). Türkiye’de Vergi Yapısı ve 1980’den Sonra Sektörel Vergi Yüklerinin Gelişimi, Devlet Planlama Teşkilatı İktisadi Sektörler ve Koordinasyon Genel Müdürlüğü, Uzmanlık Tezi – DPT, Ankara.
Toplam 33 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Makaleler
Yazarlar

Fatih Pekşen 0000-0003-4246-3460

Mustafa Göktuğ Kaya 0000-0003-4124-4733

Yiğit Yıldız 0000-0001-7797-8240

Yayımlanma Tarihi 29 Aralık 2022
Yayımlandığı Sayı Yıl 2022 Sayı: 42

Kaynak Göster

APA Pekşen, F., Kaya, M. G., & Yıldız, Y. (2022). EVALUATION OF FISCAL POLICY PRACTICES IN TURKEY FROM THE PERSPECTIVE OF FISCAL IMPULSE ANALYSIS. Adıyaman Üniversitesi Sosyal Bilimler Enstitüsü Dergisi(42), 374-406. https://doi.org/10.14520/adyusbd.1177794