THE RELATIONSHIP BETWEEN PUBLIC TRANSFER PAYMENTS AND GROWTH: A LONG RUN ANALYSIS WITH DYNAMIC PANEL DATA METHOD

Yıl 2015, , 1 - 18, 31.03.2015

Hale Akbulut , Mehmet Cahit Güran

https://doi.org/10.17065/huiibf.98097

Cited By: 2

Öz

The
aim of this study is to examine the relationship between public transfer
payments and economic growth with a dynamic method for developing countries.
The econometric model is constituted by eliminating some previous deficiencies
about model spesification, sample and method. The relationship is tested with
system-GMM method for 27 developing countries (1990-2011). As a conclusion, the
long run effect of public transfer payments on economic growth is found to be
positive and statistically significant. In this context, public transfer
payments are productive expenditures in developing countries in the long run and
serve to eliminate the problem of low income levels.

Anahtar Kelimeler

Public transfer payments, economic growth, dynamic panel data method

GELİŞMEKTE OLAN ÜLKELERDE KAMU TRANSFER HARCAMALARI VE BÜYÜME İLİŞKİSİ: DİNAMİK PANEL VERİ YÖNTEMİ İLE UZUN DÖNEM ANALİZİ

Öz

Bu çalışmanın amacı kamu transfer harcamaları ve iktisadi büyüme ilişkisinin dinamik bir yöntem ile gelişmekte olan ülkeler için sınanmasıdır. Literatürde yer alan önceki çalışmaların model spesifikasyonu, örneklem ve yöntemlerine ilişkin eksiklikler giderilerek oluşturulan ekonometrik model; sistem GMM yöntemi kullanılarak 27 gelişmekte olan ülke verileri (1990-2011) ile test edilmiştir. Çalışmanın sonucunda kamu transfer harcamalarının uzun dönem iktisadi büyüme üzerindeki etkisi istatistiksel olarak anlamlı ve pozitif yönde bulunmuştur. Bu bağlamda, kamu transfer harcamaları gelişmekte olan ülkelerde uzun dönemde üretken kamu harcaması niteliğinde olup düşük gelir düzeyi sorununun çözümüne hizmet etmektedir.

Anahtar Kelimeler

Transfer harcamaları, iktisadi büyüme, dinamik panel veri yöntemi

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