Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model

Bozma, Gürkan; EREN, Murat; Başar, Selim

Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model

Gürkan BOZMA, (Atatürk Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Erzurum, Türkiye)

Selim BAŞAR, (Atatürk Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Erzurum, Türkiye)

Murat EREN (Atatürk Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Erzurum, Türkiye)

Doğuş Üniversitesi Dergisi

2 1

Yıl: 2019 Cilt: 20 Sayı: 1 Sayfa Aralığı: 49 - 59 Metin Dili: İngilizce İndeks Tarihi: 06-05-2019

Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model

Öz:

The effect of the government size on economic growth still keeps itsunclear status despite the works in this field. According to the Armey Hypothesis(1995), which one of the studies developed for the volume of government size ineconomy, the increase in the public volume in economy will increase economicgrowth up to a certain level, and when the maximum level is reached, the increase inpublic volume will cause decreases in economic growth. In this study, the issues ofwhether the Armey Hypothesis is valid or not for G7 countries has been investigated,and the optimum public volume has been determined for G7 countries. In testingArmey Curve hypothesis, we use ARDL cointegration procedure. The results ofempirical findings argue that the Armey Hypothesis is valid for US, and Canada, andFrance when it is invalid for other G7 countries.

Anahtar Kelime:

Konular: İşletme İktisat

G7 Ülkeleri için Armey Eğrisi Hipotezinin ARDL Modeli ile İncelenmesi

Öz:

Kamu büyüklüğünün ekonomik büyüme üzerindeki etkisi, literatür genelindeki çalışmalara rağmen belirsizliğini korumaktadır. Armey Hipotezi'ne (1995) göre, kamu hacmindeki artış, belli bir seviyeye kadar ekonomik büyümeyi pozitif olarak etkilerken belli bir maksimum düzeyenden sonra kamu hacmindeki artış ekonomik büyümede düşüşe neden olmaktadır. Bu çalışmada, Armey Hipotezinin G7 ülkeleri için geçerli olup olmadığı konusu araştırılmış ve G7 ülkeleri için optimum kamu hacmi belirlenmiştir. Armey Curve hipotezini test edilmesinde, ARDL eşbütünleşme modeli kullanılmıştır. Ampirik bulgulara göre, Armey Hipotezinin ABD, Kanada ve Fransa için geçerli iken diğer G7 ülkelerinde geçerli olmadığı tespit edilmiştir.

Anahtar Kelime:

Konular: İşletme İktisat

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık

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APA	Bozma G, Başar S, EREN M (2019). Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model. , 49 - 59.
Chicago	Bozma Gürkan,Başar Selim,EREN Murat Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model. (2019): 49 - 59.
MLA	Bozma Gürkan,Başar Selim,EREN Murat Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model. , 2019, ss.49 - 59.
AMA	Bozma G,Başar S,EREN M Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model. . 2019; 49 - 59.
Vancouver	Bozma G,Başar S,EREN M Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model. . 2019; 49 - 59.
IEEE	Bozma G,Başar S,EREN M "Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model." , ss.49 - 59, 2019.
ISNAD	Bozma, Gürkan vd. "Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model". (2019), 49-59.

APA	Bozma G, Başar S, EREN M (2019). Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model. Doğuş Üniversitesi Dergisi, 20(1), 49 - 59.
Chicago	Bozma Gürkan,Başar Selim,EREN Murat Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model. Doğuş Üniversitesi Dergisi 20, no.1 (2019): 49 - 59.
MLA	Bozma Gürkan,Başar Selim,EREN Murat Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model. Doğuş Üniversitesi Dergisi, vol.20, no.1, 2019, ss.49 - 59.
AMA	Bozma G,Başar S,EREN M Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model. Doğuş Üniversitesi Dergisi. 2019; 20(1): 49 - 59.
Vancouver	Bozma G,Başar S,EREN M Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model. Doğuş Üniversitesi Dergisi. 2019; 20(1): 49 - 59.
IEEE	Bozma G,Başar S,EREN M "Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model." Doğuş Üniversitesi Dergisi, 20, ss.49 - 59, 2019.
ISNAD	Bozma, Gürkan vd. "Investigating Validation of Armey Curve Hypothesis for G7 Countries using ARDL Model". Doğuş Üniversitesi Dergisi 20/1 (2019), 49-59.