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THE EFFECTS OF FISCAL AND MONETARY POLICY ON ECONOMIC GROWTH: AN EMPIRICAL INVESTIGATION FOR TURKEY FOR 1987-2006 PERIOD

Yıl 2007, Cilt: 8 Sayı: 2, 1 - 24, 01.06.2007

Öz

By employing alternative VAR models, this study is aimed at exploring the effects of monetary and fiscal policy shocks to national income for 1987-2006 period. 

Kaynakça

  • Akat, A, S, (2004), Dalgalı Kur ve Para Politikası: Bir Parasal Kural Önerisi, erişim 24 Şubat 2007 http://akat,bilgi,edu,tr/others/0404_ kural,pdf:
  • Alesine, A, ve Drazen, A, (1991), “Why are Stabilizations Delayed?” American Economic Review, 81, 1170–1188,
  • Andersen C,, Jordan J,L, (1968), “Monetary and Fiscal Actions; A Test of Their Relative Importance in Economic Stabilization”, Review, Federal Reserve Bank of St, Louise, 50, 11-24,
  • Ataç, B, (2005), Maliye Politikası: Gelişimi, Amaçları, Araçları ve Uygulama Sorunları, Eskişehir: 6, Baskı Anadolu Üniversitesi, Eğitim, Sağlık ve Bilimsel Araştırma Çalışmalar Vakfı Yayınları, No: 86, Anadolu Üniversitesi Basımevi,
  • Ball, L,, ve Romer, D, (1990), “Real Rigidities and the Non-Neutrality of Money”, Review of Economic Studies, 57, 183–203,
  • Barro, R,J, (1977), “Unanticipated Money Growth and Unemployment in the United States”, American Economic Review, 67, 101–115,
  • Baxter M,, King R, (1993), “Fiscal Policy in General Equilibrium”, American Economic Review, 83, 315–334,
  • Bernanke, B, S,, Gertler, M, (1989), “Agency Cost, Net Worth, and Business Fluctuations”, American Economic Review, 79, 14-31,
  • Braun, R, A, (1994), “ax Disturbances and Real Economic Activity in the Postwar United States”, Journal of Monetary Economics, 33, 441–462
  • Bulow, J,and Klemperer, P, (1999),”The Generalized War of Attrition”, American Economic Review, 89, 175–189,
  • Bynoe,A,J, (1994), “Monetary and Fiscal Influences on Economic Activity in African Countries”, African Review of Money, Finance and Banking, 10, 87–107,
  • Chari, V,V,, ve Kehoe, P,J, (1999), Optimal Fiscal and Monetary Policy, içinde Taylor, J,B, ve Micheal W, , ed,, Handbook of Macroeconomics, The Netherlands, Elsevie Science, 1671-1745
  • Chowdhury, A, (1988), “Monetary Policy, Fiscal Policy and Aggregate Economic Activity: Some Further Evidence”, Applied Economics, 20, 63–71,
  • Christiano, L,, and Eichenbaum, M, (1992), “Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations”, American Economic Review, 82, 430–50,
  • Darrat, A,F, (1984), “The Dominant Influence of Fiscal Actions in Developing Countries”, Eastern Economic Journal, 10, 271–284,
  • de Haan,J, Sturm, J,E,, Beehuis, G, (1999), “The Weak Government Thesis Some New Evidence”, Public Choice, 101, 163–176,
  • Dornbusch, R, Park, Y-Ch, Ve Claessens (2000), Contagion: How It Spreads and How It Can Be Stopped, World Bank Research Observer,
  • Enders, W, (1995), Applied Econometric Time Series, New York: Wiley,
  • Friedman, M, (1959), A Program for Monetary Stability, New York: Fordham University Pres,
  • Friedman, M,, Schwartz, A,J, (1963), A Monetart History of the United States 1867-1960, Princeton University Pres,
  • Gertler, M,, ve Hubbard, G, (1988), Financial Factors in Business Fluctuations Financial Market Volatility, Kansas City: Federal Reserve Banks of Kansas City,
  • Herslag, Z,Y, (1988), The Contemporary Turkish Economy, London: Routledge,
  • Jayaraman, T,K, (2001), “Efficacy of Fiscal and Monetary Policies in the South Pacific Island Countries: Some Empirical Evidence”, Indian Economic Journal, 49, 63–72,
  • Kashyap, A, K,, ve Stein J,C, (1995), The Impact of Monetary Policy on Bank Balance Sheets, Cornegie-Rochester Conference of Public Policy 42, pg, 151–195,
  • Keynes, J,M, (1936), The General Theory of Employment, Interest and Money, 1964 reprint, New York: Harcourt Brace,
  • Kibritçioğlu, A, (2001), Türkiye’de Ekonomik Krizler ve Hükümetler, 1969-2001, erişim 14 Şubat 2007 http://politics,ankara,edu,tr/%7Ekibritci/ytd-kibritcioglu,pdf,
  • Kmainsky,G, Ve Reinhart, C, (2000), “On Crisis, Contagion and Confusion”, Journal of International Economics, 51, 145–168,
  • Köe, N, (1998), Vektör Otoregressif Modeller Üzerine Bir İnceleme, Yayınlanmamış Doktora Tezi. Anakara: Gazi Üniversitesi Sosyal Bilimler Enstitüsü.
  • Krugman, P,, (1979), A Model of Balance of Payment Crisis, Journal of Money, Credit and Banking, 11, 311–332,
  • Lucas, R, E, (1972), Expectations and the Neutrality of Money, Journal of Economic Theory, 4, 103–124,
  • Lucas, R, E, (1973), Some International Evidence of Output-Inflation Trade-off, American Economic Review, 63, 326–334,
  • Mankiw, N,G, (1985), Small Menu Costs and Large Business Cycles, Quarterly Journal of Economics, 100, 529–39,
  • McCallum, B,T, (1984), Monetary versus Fiscal Policy Effects: A Review of the Debate, Federal Reserve of St, Louise Review, December, ,9–29,
  • Meyer, L, H, and Varvares, C, (1981), A Comparison of St, Louis Model and Two Variations: Predictive Performance and Policy Implications, Federal Reserve Bank of St Louis Review, 63, 13–25,
  • Önis, Z,, Riedel, J, (1993), Economic Crises and Long-Term Growth in Turkey, Washington, D,C,: World Bank Publications,
  • Öniş Z,, Şenses F, (2003), Rethinking the Emerging Post-Washington Consensus: A Critical Appraisal, ERC Working Paper in Economics November,
  • Roubini, N, Ve Sacks, J,D, (1989), Political Economic Determinants of Budget Deficits in Industrial Democracies, European Economic Review, 33, 903–938,
  • Sargent, T, J,, ve Wallace, N, (1975), ‘Rational Expectations’ and the Optimal Monetary Instrument and Optimal Money Supply Rule, Journal of Political Economy, 83, 241–254,
  • Snowdon, B,, Vane, H,R,, ve Wynarczyk, P, (1994), A Modern Guide to Macroeconomics: An Introduction to Competing Schools f Thought, Edward Elgar Publication,
  • Stadler G,W, (1994), Real Business Cycles, Journal of Economic Literature, 32, 1750–1783,
  • Şenses F, (1989), 1980 Sonrası Ekonomi Politikaları Işığında Türkiye’de Sanayileşme: Bugün ve Yarın, V Yayinlari, Ankara,
  • TCMB (1998) ParaPolitikası Raporlar; http://www,tcmb,gov,tr/research/ yillik/98turkce/98RAPOR1,html
  • Tutar, İ,, ve Tansel A, (2000), Political Business Cycles, Institutional Structure and Budget Deficit in Turkey, METU, Economic Research,
  • Yeldan, E, (1999), The Impact of Financial Liberalization and the Rise of the Financial Rent on Income Inequality: The Case of Turkey, UNU/WIDER, erişim 24 Şubat 2007 http://www,wider,unu,edu/ publications/wp206,pdf,
  • Yeldan, E, (2003), Küreselleşmenin Neresindeyiz? Türkiye Ekonomisi Borç Sorunu ve IMF Politikaları (1), STRADİGMA, 10, erişim 24 Şubat 2007: http://www,stradigma,com/turkce/kasim2003/ makale_06,html,

TÜRKİYE’DE 1987–2006 DÖNEMİNDE MALİYE VE PARA POLİTİKALARININ İKTİSADİ BÜYÜMEYE ETKİLERİ ÜZERİNE AMPİRİK BİR ÇALIŞMA

Yıl 2007, Cilt: 8 Sayı: 2, 1 - 24, 01.06.2007

Öz

Bu çalışmanın amacı, 1987–2006 arası dönem için, para ve maliye politikası şoklarının milli gelire olan etkisini alternatif VAR sistemi analizleri kullanarak araştırmaktır

Kaynakça

  • Akat, A, S, (2004), Dalgalı Kur ve Para Politikası: Bir Parasal Kural Önerisi, erişim 24 Şubat 2007 http://akat,bilgi,edu,tr/others/0404_ kural,pdf:
  • Alesine, A, ve Drazen, A, (1991), “Why are Stabilizations Delayed?” American Economic Review, 81, 1170–1188,
  • Andersen C,, Jordan J,L, (1968), “Monetary and Fiscal Actions; A Test of Their Relative Importance in Economic Stabilization”, Review, Federal Reserve Bank of St, Louise, 50, 11-24,
  • Ataç, B, (2005), Maliye Politikası: Gelişimi, Amaçları, Araçları ve Uygulama Sorunları, Eskişehir: 6, Baskı Anadolu Üniversitesi, Eğitim, Sağlık ve Bilimsel Araştırma Çalışmalar Vakfı Yayınları, No: 86, Anadolu Üniversitesi Basımevi,
  • Ball, L,, ve Romer, D, (1990), “Real Rigidities and the Non-Neutrality of Money”, Review of Economic Studies, 57, 183–203,
  • Barro, R,J, (1977), “Unanticipated Money Growth and Unemployment in the United States”, American Economic Review, 67, 101–115,
  • Baxter M,, King R, (1993), “Fiscal Policy in General Equilibrium”, American Economic Review, 83, 315–334,
  • Bernanke, B, S,, Gertler, M, (1989), “Agency Cost, Net Worth, and Business Fluctuations”, American Economic Review, 79, 14-31,
  • Braun, R, A, (1994), “ax Disturbances and Real Economic Activity in the Postwar United States”, Journal of Monetary Economics, 33, 441–462
  • Bulow, J,and Klemperer, P, (1999),”The Generalized War of Attrition”, American Economic Review, 89, 175–189,
  • Bynoe,A,J, (1994), “Monetary and Fiscal Influences on Economic Activity in African Countries”, African Review of Money, Finance and Banking, 10, 87–107,
  • Chari, V,V,, ve Kehoe, P,J, (1999), Optimal Fiscal and Monetary Policy, içinde Taylor, J,B, ve Micheal W, , ed,, Handbook of Macroeconomics, The Netherlands, Elsevie Science, 1671-1745
  • Chowdhury, A, (1988), “Monetary Policy, Fiscal Policy and Aggregate Economic Activity: Some Further Evidence”, Applied Economics, 20, 63–71,
  • Christiano, L,, and Eichenbaum, M, (1992), “Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations”, American Economic Review, 82, 430–50,
  • Darrat, A,F, (1984), “The Dominant Influence of Fiscal Actions in Developing Countries”, Eastern Economic Journal, 10, 271–284,
  • de Haan,J, Sturm, J,E,, Beehuis, G, (1999), “The Weak Government Thesis Some New Evidence”, Public Choice, 101, 163–176,
  • Dornbusch, R, Park, Y-Ch, Ve Claessens (2000), Contagion: How It Spreads and How It Can Be Stopped, World Bank Research Observer,
  • Enders, W, (1995), Applied Econometric Time Series, New York: Wiley,
  • Friedman, M, (1959), A Program for Monetary Stability, New York: Fordham University Pres,
  • Friedman, M,, Schwartz, A,J, (1963), A Monetart History of the United States 1867-1960, Princeton University Pres,
  • Gertler, M,, ve Hubbard, G, (1988), Financial Factors in Business Fluctuations Financial Market Volatility, Kansas City: Federal Reserve Banks of Kansas City,
  • Herslag, Z,Y, (1988), The Contemporary Turkish Economy, London: Routledge,
  • Jayaraman, T,K, (2001), “Efficacy of Fiscal and Monetary Policies in the South Pacific Island Countries: Some Empirical Evidence”, Indian Economic Journal, 49, 63–72,
  • Kashyap, A, K,, ve Stein J,C, (1995), The Impact of Monetary Policy on Bank Balance Sheets, Cornegie-Rochester Conference of Public Policy 42, pg, 151–195,
  • Keynes, J,M, (1936), The General Theory of Employment, Interest and Money, 1964 reprint, New York: Harcourt Brace,
  • Kibritçioğlu, A, (2001), Türkiye’de Ekonomik Krizler ve Hükümetler, 1969-2001, erişim 14 Şubat 2007 http://politics,ankara,edu,tr/%7Ekibritci/ytd-kibritcioglu,pdf,
  • Kmainsky,G, Ve Reinhart, C, (2000), “On Crisis, Contagion and Confusion”, Journal of International Economics, 51, 145–168,
  • Köe, N, (1998), Vektör Otoregressif Modeller Üzerine Bir İnceleme, Yayınlanmamış Doktora Tezi. Anakara: Gazi Üniversitesi Sosyal Bilimler Enstitüsü.
  • Krugman, P,, (1979), A Model of Balance of Payment Crisis, Journal of Money, Credit and Banking, 11, 311–332,
  • Lucas, R, E, (1972), Expectations and the Neutrality of Money, Journal of Economic Theory, 4, 103–124,
  • Lucas, R, E, (1973), Some International Evidence of Output-Inflation Trade-off, American Economic Review, 63, 326–334,
  • Mankiw, N,G, (1985), Small Menu Costs and Large Business Cycles, Quarterly Journal of Economics, 100, 529–39,
  • McCallum, B,T, (1984), Monetary versus Fiscal Policy Effects: A Review of the Debate, Federal Reserve of St, Louise Review, December, ,9–29,
  • Meyer, L, H, and Varvares, C, (1981), A Comparison of St, Louis Model and Two Variations: Predictive Performance and Policy Implications, Federal Reserve Bank of St Louis Review, 63, 13–25,
  • Önis, Z,, Riedel, J, (1993), Economic Crises and Long-Term Growth in Turkey, Washington, D,C,: World Bank Publications,
  • Öniş Z,, Şenses F, (2003), Rethinking the Emerging Post-Washington Consensus: A Critical Appraisal, ERC Working Paper in Economics November,
  • Roubini, N, Ve Sacks, J,D, (1989), Political Economic Determinants of Budget Deficits in Industrial Democracies, European Economic Review, 33, 903–938,
  • Sargent, T, J,, ve Wallace, N, (1975), ‘Rational Expectations’ and the Optimal Monetary Instrument and Optimal Money Supply Rule, Journal of Political Economy, 83, 241–254,
  • Snowdon, B,, Vane, H,R,, ve Wynarczyk, P, (1994), A Modern Guide to Macroeconomics: An Introduction to Competing Schools f Thought, Edward Elgar Publication,
  • Stadler G,W, (1994), Real Business Cycles, Journal of Economic Literature, 32, 1750–1783,
  • Şenses F, (1989), 1980 Sonrası Ekonomi Politikaları Işığında Türkiye’de Sanayileşme: Bugün ve Yarın, V Yayinlari, Ankara,
  • TCMB (1998) ParaPolitikası Raporlar; http://www,tcmb,gov,tr/research/ yillik/98turkce/98RAPOR1,html
  • Tutar, İ,, ve Tansel A, (2000), Political Business Cycles, Institutional Structure and Budget Deficit in Turkey, METU, Economic Research,
  • Yeldan, E, (1999), The Impact of Financial Liberalization and the Rise of the Financial Rent on Income Inequality: The Case of Turkey, UNU/WIDER, erişim 24 Şubat 2007 http://www,wider,unu,edu/ publications/wp206,pdf,
  • Yeldan, E, (2003), Küreselleşmenin Neresindeyiz? Türkiye Ekonomisi Borç Sorunu ve IMF Politikaları (1), STRADİGMA, 10, erişim 24 Şubat 2007: http://www,stradigma,com/turkce/kasim2003/ makale_06,html,
Toplam 45 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Araştırma Makalesi
Yazarlar

Murat Aslan Bu kişi benim

Gönderilme Tarihi 12 Aralık 2014
Yayımlanma Tarihi 1 Haziran 2007
Yayımlandığı Sayı Yıl 2007 Cilt: 8 Sayı: 2

Kaynak Göster

APA Aslan, M. (2007). TÜRKİYE’DE 1987–2006 DÖNEMİNDE MALİYE VE PARA POLİTİKALARININ İKTİSADİ BÜYÜMEYE ETKİLERİ ÜZERİNE AMPİRİK BİR ÇALIŞMA. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, 8(2), 1-24. https://izlik.org/JA42MH38GF
AMA 1.Aslan M. TÜRKİYE’DE 1987–2006 DÖNEMİNDE MALİYE VE PARA POLİTİKALARININ İKTİSADİ BÜYÜMEYE ETKİLERİ ÜZERİNE AMPİRİK BİR ÇALIŞMA. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi. 2007;8(2):1-24. https://izlik.org/JA42MH38GF
Chicago Aslan, Murat. 2007. “TÜRKİYE’DE 1987–2006 DÖNEMİNDE MALİYE VE PARA POLİTİKALARININ İKTİSADİ BÜYÜMEYE ETKİLERİ ÜZERİNE AMPİRİK BİR ÇALIŞMA”. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi 8 (2): 1-24. https://izlik.org/JA42MH38GF.
EndNote Aslan M (01 Haziran 2007) TÜRKİYE’DE 1987–2006 DÖNEMİNDE MALİYE VE PARA POLİTİKALARININ İKTİSADİ BÜYÜMEYE ETKİLERİ ÜZERİNE AMPİRİK BİR ÇALIŞMA. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi 8 2 1–24.
IEEE [1]M. Aslan, “TÜRKİYE’DE 1987–2006 DÖNEMİNDE MALİYE VE PARA POLİTİKALARININ İKTİSADİ BÜYÜMEYE ETKİLERİ ÜZERİNE AMPİRİK BİR ÇALIŞMA”, Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, c. 8, sy 2, ss. 1–24, Haz. 2007, [çevrimiçi]. Erişim adresi: https://izlik.org/JA42MH38GF
ISNAD Aslan, Murat. “TÜRKİYE’DE 1987–2006 DÖNEMİNDE MALİYE VE PARA POLİTİKALARININ İKTİSADİ BÜYÜMEYE ETKİLERİ ÜZERİNE AMPİRİK BİR ÇALIŞMA”. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi 8/2 (01 Haziran 2007): 1-24. https://izlik.org/JA42MH38GF.
JAMA 1.Aslan M. TÜRKİYE’DE 1987–2006 DÖNEMİNDE MALİYE VE PARA POLİTİKALARININ İKTİSADİ BÜYÜMEYE ETKİLERİ ÜZERİNE AMPİRİK BİR ÇALIŞMA. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi. 2007;8:1–24.
MLA Aslan, Murat. “TÜRKİYE’DE 1987–2006 DÖNEMİNDE MALİYE VE PARA POLİTİKALARININ İKTİSADİ BÜYÜMEYE ETKİLERİ ÜZERİNE AMPİRİK BİR ÇALIŞMA”. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, c. 8, sy 2, Haziran 2007, ss. 1-24, https://izlik.org/JA42MH38GF.
Vancouver 1.Aslan M. TÜRKİYE’DE 1987–2006 DÖNEMİNDE MALİYE VE PARA POLİTİKALARININ İKTİSADİ BÜYÜMEYE ETKİLERİ ÜZERİNE AMPİRİK BİR ÇALIŞMA. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi [Internet]. 01 Haziran 2007;8(2):1-24. Erişim adresi: https://izlik.org/JA42MH38GF