RELATIONSHIP BETWEEN GOVERNMENT SIZE AND INCLUSIVE GROWTH: AN ECONOMETRIC STUDY ON EMERGING MARKET ECONOMIES

Yıl 2022, Sayı: 124, 39 - 69, 28.04.2022

Nazlı Keyifli Birol Karakurt Suat Hayri Şentürk

https://doi.org/10.52836/sayistay.1110377

Öz

The fact that every economic growth is not sufficient to reduce income inequality, unemployment, and poverty and that not every household can benefit from the benefits and opportunities created by growth has turned the attention from economic growth to inclusive growth. Inclusive growth has a multidimensional structure that deals with areas such as sustainable growth and development, quality and accessibility of education and health services, income and gender inequalities, combating poverty and unemployment problems, infrastructure, and the environment, as well as economic growth. Policy implementations for inclusive growth, which express the speed and distribution of economic growth and aim for all segments of society to benefit from the opportunities
created by economic growth, are increasing all over the world. This study examines the relationship between inclusive growth and public sector size in eight large emerging market economies (Argentina, China, Brazil, India, Mexico, Indonesia, Turkey, and South Africa), also called emerging market economies, using the Bootstrap Panel Rolling Window causality approach, which is a novel methodology for the 1985-2019 period. Analysis results show that inclusive growth causes government size in India, Indonesia, Mexico, and South Africa, while government size causes inclusive growth in Turkey.

Anahtar Kelimeler

Government Size, Inclusive Growth, Emerging Market Economies, Panel Rolling Window Causality

KAMU KESİMİ BÜYÜKLÜĞÜ VE KAPSAYICI BÜYÜME İLİŞKİSİ: YÜKSELEN PİYASA EKONOMİLERİ ÜZERİNE EKONOMETRİK BİR ÇALIŞMA

Öz

Yaşanan her ekonomik büyümenin gelir eşitsizliği, işsizlik ve yoksulluğu azaltmada yeterli olamayışı ve büyümenin ortaya çıkardığı fayda ve fırsatlardan her hanenin fayda sağlayamaması ilgiyi ekonomik büyümeden kapsayıcı büyümeye çevirmiştir. Kapsayıcı büyüme, ekonomik büyümenin yanı sıra sürdürülebilir büyüme ve kalkınma, eğitim ve sağlık hizmetlerinin niteliği ve bu hizmetlere erişilebilirliği, gelir ve cinsiyet eşitsizlikleri,yoksulluk ve işsizlik sorunlarıyla mücadele, altyapı, çevre gibi alanlarla ilgilenen çok boyutlu bir yapıya sahiptir. Ekonomik büyümenin hızı ve dağılımını ifade eden ve ekonomik büyümenin yarattığı fırsatlardan toplumun tüm kesimlerinin faydalanmasını amaçlayan kapsayıcı büyümeye yönelik politika uygulamaları tüm dünyada artmaktadır. Bu çalışmada, yükselen piyasa ekonomileri olarak adlandırılan sekiz büyük gelişmekte olan piyasa ekonomisi (Arjantin, Çin, Brezilya, Hindistan, Meksika, Endonezya, Türkiye ve Güney Afrika) özelinde kapsayıcı büyüme ve kamu kesimi büyüklüğü ilişkisi 1985-2019 dönemi için yeni bir metodoloji olan Bootstrap Panel Rolling Window nedensellik yaklaşımı kullanılarak araştırılmıştır. Analiz sonuçları, Hindistan, Endonezya, Meksika ve Güney Afrika’da kapsayıcı büyümenin kamu kesimi büyüklüğüne, Türkiye’de ise kamu kesimi büyüklüğünün kapsayıcı büyümeye neden olduğunu göstermektedir.

Anahtar Kelimeler

Kamu Kesimi Büyüklüğü, Kapsayıcı Büyüme, Yükselen Piyasa Ekonomileri, Panel Rolling Window Nedensellik

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