BUDGE T DEFICIT SUSTAINABILIT Y: AN APPLICATION TO TURKEY
Prague Economic Papers, cilt.31, sa.1, ss.3-24, 2022 (SSCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 31 Sayı: 1
- Basım Tarihi: 2022
- Doi Numarası: 10.18267/j.pep.780
- Dergi Adı: Prague Economic Papers
- Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, EconLit, PAIS International, Political Science Complete, Sociological abstracts, Worldwide Political Science Abstracts
- Sayfa Sayıları: ss.3-24
- Açık Arşiv Koleksiyonu: AVESİS Açık Erişim Koleksiyonu
- Çukurova Üniversitesi Adresli: Evet
Özet
In this study, sustainability of budget deficits in Turkey is examined empirically for the period from January 2006 to September 2020, using time series techniques based on monthly
data, under the intertemporal budget constraint approach. In the analysis phase, the Johansen
cointegration method was used for the long-term relationship of the series. Analysis results
indicated that income and expenditure series are not cointegrated. It is concluded that
budget policies for the period under consideration in Turkey are unsustainable; therefore,
the applied fiscal policies should be reviewed.
Keywords: Budget deficit, sustainability, intertemporal budget constraint, Turkey
JEL Classification: H30, H50, H60