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DIŞA AÇILMA VE KAMU HARCAMALARI: OECD ÜLKELERİ İÇİN PANEL VERİ ANALİZİ

Yıl 2019, Cilt: 3 Sayı: 2, 80 - 96, 02.07.2019

Öz

Bu çalışmanın amacı, 1980-sonrası dönemde dışa açılma ve kamu harcamaları arasındaki ilişkiyi incelemektir. Bu amaçla, 1980-2016 dönemi için 28 OECD ülkesini kapsayan bir panel eşbütünleşme analizi yapılmıştır. Örneklemin yatay-kesit bağımlılığı sorunu içermesi nedeniyle değişkenlerin durağanlıkları Pesaran (2007) tarafından geliştirilen CIPS birim kök testiyle, eşbütünleşik olup olmadıkları ise Westerlund (2007) Hata-düzeltmeye-dayanan eşbütünleşme testiyle sınanmıştır. CCE-MG ve AMG tahmin sonuçlarından elde edilen bulgular, dışa açılmanın kamu harcamaları üzerinde negatif etkiye sahip olduğunu ortaya koymaktadır.

Kaynakça

  • Aktan, C. C., Dileyici, D. ve Özen, A., (2006), “Geleneksel Maliye ve Yeni Maliye”, Kamu Maliyesinde Çağdaş Yaklaşımlar, Seçkin Yayıncılık, Ankara.
  • Alesina, A. ve Wacziarg, R., (1998), “Openness, country size and government”, Journal of Public Economics, 69, 305–321.
  • Bai, J. ve Ng, S., (2001), “A PANIC Attack on Unit Roots and Cointegration”, Mimeo, Boston College, Department of Economics.
  • Balle, F., & Vaidya, A. (2002). A regional analysis of openness and government size. Applied Economics Letters, 9(5), 289-292.
  • Baltagi, B. H., Feng, Q., ve Kao, C. (2012). “A Lagrange Multiplier test for cross-sectional dependence in a fixed effects panel data model”, Journal of Econometrics, 170(1), 164-177.
  • Bond, S. ve Eberhardt, M., (2009). “Cross-section dependence in nonstationary panel models: a novel estimator”, paper presented at the Nordic Econometrics Conference in Lund.
  • Breusch, T.S. ve Pagan, A.R. (1980), "The Lagrange Multiplier Test and Its Applications to Model Spesification in Econometrics", The Review of Economic Studies, 47(1), 239-253.
  • Choi, I., (2001), “Unit root tests for panel data”, Journal of International Money and Banking, 20, 249–272.
  • Choi, I., (2002), “Combination Unit Root Tests for Cross-Sectionally Correlated Panels”, Mimeo, Hong Kong University of Science and Technology.
  • Danışoğlu, A. Ç., (2004), “Küreselleşmenin Gelir Eşitsizliği ve Yoksulluk Üzerindeki Etkileri”, İstanbul Ticaret Üniversitesi Dergisi, 3(6), 35-59.
  • Eberhardt, M. ve Teal, F., (2010), “Productivity Analysis in Global Manufacturing Production”, Economics Series Working Papers 515, University of Oxford, Department of Economics.
  • Égert, B., (2015), “Public debt, economic growth and nonlinear effects: Myth or reality?”, Journal of Macroeconomics, 43, 226-238.
  • Friedman, T., (2006), “Dünya Düzdür”, Boyner Yayınları, İstanbul.
  • Garen, J. ve Trask, K., (2005)., “Do more open economies have bigger governments? Another look”, Journal of development economics, 77(2), 533-551.
  • Garrett, G. ve Mitchell, D., (2001), “Globalization, government spending and taxation in the OECD”, European Journal of Political Research, 39, 145–177.
  • Hadri, K., (2000), “Testing for Unit Roots in Heterogeneous Panel Data”, Econometrics Journal, 3, 148-161.
  • Harris, R.D.F. ve Tzavalis, E., (1999), “Inference for Unit Roots in Dynamic Panels where the Time Dimension is Fixed”, Journal of Econometrics, 91, 201-226.
  • Herndon, T., Ash, M. ve Pollin, R, (2014), “Does high public debt consistently stifle economic growth? A critique of Reinhart and Rogoff”, Cambridge journal of economics, 38(2), 257-279.
  • Im, K.S. ve Pesaran, M.H., Shin, Y., (2003), “Testing for unit roots in heterogeneous panels”, Mimeo, Journal of Econometrics, 115, 53-74.
  • Kepenek Y. ve Yentürk, N. (2000), Türkiye Ekonomisi, Remzi Kitabevi, İstanbul.
  • Keynes, J.M., (1936), The General Theory of Employment, Interest, and Money, London: Macmillan.
  • Levin, A., Lin, C.F. ve Chu., (2002), “Unit Root Test in Panel Data: Asymptotic and Finite Sample Properties”, Journal of Econometrics, 108, 1-24.
  • Liberati, P., (2007), “Trade Openness, Capital Openness and Government Size”, Journal of Public Policy, 27, 215-247, doi:10.1017/S0143814X07000670.
  • Maddala, G.S. ve Wu, S., (1999), “A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test”, Oxford Bulletin of Economics and Statistics, special issue, 631- 652.
  • Moon, H. R. ve Perron, B., (2004), “Testing for a Unit Root in Panels with Dynamic Factors”, Journal of Econometrics, 122, 81-126
  • Pesaran, M. H. ve Smith, R. P., (1995). 'Estimating long-run relationships from dynamic heterogeneous panels.' Journal of Econometrics, Vol. 68(1): pp.79-113.
  • Pesaran, M. Hashem (2006) 'Estimation and inference in large heterogeneous panels with a multifactor error structure.' Econometrica, Vol. 74(4): pp.967-1012.
  • Pesaran, M., (2004), “General diagnostic tests for cross section dependence in panels”, Cambridge working papers ineconomics 435, and CESifo working paper series 1229.
  • Pesaran, M.H. (2007), “A Simple Panel Unit Root Test in the Presence of Cross-Section Dependence”, Journal of Applied Econometrics, 22, 265–312.
  • Pesaran, M. H., & Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142(1), 50-93.
  • Phillips, P.C.B. ve Sul, D. (2003), “Dynamic Panel Estimation and Homogeneity Testing Under Cross Section Dependence”, Econometrics Journal, 6(1), 217-259.
  • Reinhart, C.M. ve Rogoff, K.S., (2010), “Growth in a time of debt”, American Economic Review, 100 (2), 573–578.
  • Rodrik, D., (1996), “Why do More Open Countries Have Bigger Governments?”, NBER Working Paper, 5537, April.
  • Rodrik, D., (1997), “Has Globalization Gone Too Far?”, Institute for International Economics, Washington, DC.
  • Roodman, D. (2009). “How to do xtabond2: An introduction to difference and system GMM in Stata”, The Stata Journal, 9(1), 86–136.
  • Skidmore, M., Toya, H. ve Merriman, D., (2004), “Convergence in Government Spending: Theory and Cross‐Country Evidence”. Kyklos, 57(4), 587-620.
  • Swamy, P. A. (1970). Efficient inference in a random coefficient regression model. Econometrica: Journal of the Econometric Society, 311-323.
  • Westerlund, J., (2007), “Testing for Error Correction in Panel Data”, Oxford Bulletin of Economics and Statistics, 69(6), 709-748.
  • World Development Indicators. (2019). Washington, DC: The World Bank

OPENNESS AND PUBLIC EXPENDITURES: A PANEL DATA ANALYSIS FOR OECD COUNTRIES

Yıl 2019, Cilt: 3 Sayı: 2, 80 - 96, 02.07.2019

Öz

The aim of this study is to examine the relationship between openness and government expenditures in the post-1980 era. For this purpose, a panel cointegration analysis covering 28 OECD countries for the 1980-2016 period has been made. Since, the sample contains cross-sectional dependency problem, the stationarity of the variables is tested via the CIPS unit root test of Pesaran (2007) and the cointegration is tested via the Westerlund (2007) Error-correction-based cointegration test. The findings obtained from the CCE-MG and AMG estimation results reveal that openness has negative effect on government expenditures.

Kaynakça

  • Aktan, C. C., Dileyici, D. ve Özen, A., (2006), “Geleneksel Maliye ve Yeni Maliye”, Kamu Maliyesinde Çağdaş Yaklaşımlar, Seçkin Yayıncılık, Ankara.
  • Alesina, A. ve Wacziarg, R., (1998), “Openness, country size and government”, Journal of Public Economics, 69, 305–321.
  • Bai, J. ve Ng, S., (2001), “A PANIC Attack on Unit Roots and Cointegration”, Mimeo, Boston College, Department of Economics.
  • Balle, F., & Vaidya, A. (2002). A regional analysis of openness and government size. Applied Economics Letters, 9(5), 289-292.
  • Baltagi, B. H., Feng, Q., ve Kao, C. (2012). “A Lagrange Multiplier test for cross-sectional dependence in a fixed effects panel data model”, Journal of Econometrics, 170(1), 164-177.
  • Bond, S. ve Eberhardt, M., (2009). “Cross-section dependence in nonstationary panel models: a novel estimator”, paper presented at the Nordic Econometrics Conference in Lund.
  • Breusch, T.S. ve Pagan, A.R. (1980), "The Lagrange Multiplier Test and Its Applications to Model Spesification in Econometrics", The Review of Economic Studies, 47(1), 239-253.
  • Choi, I., (2001), “Unit root tests for panel data”, Journal of International Money and Banking, 20, 249–272.
  • Choi, I., (2002), “Combination Unit Root Tests for Cross-Sectionally Correlated Panels”, Mimeo, Hong Kong University of Science and Technology.
  • Danışoğlu, A. Ç., (2004), “Küreselleşmenin Gelir Eşitsizliği ve Yoksulluk Üzerindeki Etkileri”, İstanbul Ticaret Üniversitesi Dergisi, 3(6), 35-59.
  • Eberhardt, M. ve Teal, F., (2010), “Productivity Analysis in Global Manufacturing Production”, Economics Series Working Papers 515, University of Oxford, Department of Economics.
  • Égert, B., (2015), “Public debt, economic growth and nonlinear effects: Myth or reality?”, Journal of Macroeconomics, 43, 226-238.
  • Friedman, T., (2006), “Dünya Düzdür”, Boyner Yayınları, İstanbul.
  • Garen, J. ve Trask, K., (2005)., “Do more open economies have bigger governments? Another look”, Journal of development economics, 77(2), 533-551.
  • Garrett, G. ve Mitchell, D., (2001), “Globalization, government spending and taxation in the OECD”, European Journal of Political Research, 39, 145–177.
  • Hadri, K., (2000), “Testing for Unit Roots in Heterogeneous Panel Data”, Econometrics Journal, 3, 148-161.
  • Harris, R.D.F. ve Tzavalis, E., (1999), “Inference for Unit Roots in Dynamic Panels where the Time Dimension is Fixed”, Journal of Econometrics, 91, 201-226.
  • Herndon, T., Ash, M. ve Pollin, R, (2014), “Does high public debt consistently stifle economic growth? A critique of Reinhart and Rogoff”, Cambridge journal of economics, 38(2), 257-279.
  • Im, K.S. ve Pesaran, M.H., Shin, Y., (2003), “Testing for unit roots in heterogeneous panels”, Mimeo, Journal of Econometrics, 115, 53-74.
  • Kepenek Y. ve Yentürk, N. (2000), Türkiye Ekonomisi, Remzi Kitabevi, İstanbul.
  • Keynes, J.M., (1936), The General Theory of Employment, Interest, and Money, London: Macmillan.
  • Levin, A., Lin, C.F. ve Chu., (2002), “Unit Root Test in Panel Data: Asymptotic and Finite Sample Properties”, Journal of Econometrics, 108, 1-24.
  • Liberati, P., (2007), “Trade Openness, Capital Openness and Government Size”, Journal of Public Policy, 27, 215-247, doi:10.1017/S0143814X07000670.
  • Maddala, G.S. ve Wu, S., (1999), “A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test”, Oxford Bulletin of Economics and Statistics, special issue, 631- 652.
  • Moon, H. R. ve Perron, B., (2004), “Testing for a Unit Root in Panels with Dynamic Factors”, Journal of Econometrics, 122, 81-126
  • Pesaran, M. H. ve Smith, R. P., (1995). 'Estimating long-run relationships from dynamic heterogeneous panels.' Journal of Econometrics, Vol. 68(1): pp.79-113.
  • Pesaran, M. Hashem (2006) 'Estimation and inference in large heterogeneous panels with a multifactor error structure.' Econometrica, Vol. 74(4): pp.967-1012.
  • Pesaran, M., (2004), “General diagnostic tests for cross section dependence in panels”, Cambridge working papers ineconomics 435, and CESifo working paper series 1229.
  • Pesaran, M.H. (2007), “A Simple Panel Unit Root Test in the Presence of Cross-Section Dependence”, Journal of Applied Econometrics, 22, 265–312.
  • Pesaran, M. H., & Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142(1), 50-93.
  • Phillips, P.C.B. ve Sul, D. (2003), “Dynamic Panel Estimation and Homogeneity Testing Under Cross Section Dependence”, Econometrics Journal, 6(1), 217-259.
  • Reinhart, C.M. ve Rogoff, K.S., (2010), “Growth in a time of debt”, American Economic Review, 100 (2), 573–578.
  • Rodrik, D., (1996), “Why do More Open Countries Have Bigger Governments?”, NBER Working Paper, 5537, April.
  • Rodrik, D., (1997), “Has Globalization Gone Too Far?”, Institute for International Economics, Washington, DC.
  • Roodman, D. (2009). “How to do xtabond2: An introduction to difference and system GMM in Stata”, The Stata Journal, 9(1), 86–136.
  • Skidmore, M., Toya, H. ve Merriman, D., (2004), “Convergence in Government Spending: Theory and Cross‐Country Evidence”. Kyklos, 57(4), 587-620.
  • Swamy, P. A. (1970). Efficient inference in a random coefficient regression model. Econometrica: Journal of the Econometric Society, 311-323.
  • Westerlund, J., (2007), “Testing for Error Correction in Panel Data”, Oxford Bulletin of Economics and Statistics, 69(6), 709-748.
  • World Development Indicators. (2019). Washington, DC: The World Bank
Toplam 39 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular Ekonomi
Bölüm Makale
Yazarlar

Caner Demir

Yayımlanma Tarihi 2 Temmuz 2019
Yayımlandığı Sayı Yıl 2019 Cilt: 3 Sayı: 2

Kaynak Göster

APA Demir, C. (2019). DIŞA AÇILMA VE KAMU HARCAMALARI: OECD ÜLKELERİ İÇİN PANEL VERİ ANALİZİ. Kırklareli Üniversitesi Sosyal Bilimler Dergisi, 3(2), 80-96.