CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH

Durucan, Ayşegül

CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH

Ayşegül DURUCAN (Kırıkkale Üniversitesi, Maliye Bölümü, Kırıkkale, Türkiye)

Finans Politik ve Ekonomik Yorumlar Dergisi

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Yıl: 2021 Cilt: 58 Sayı: 655 Sayfa Aralığı: 113 - 134 Metin Dili: İngilizce İndeks Tarihi: 12-12-2021

CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH

Öz:

The main objective of this paper is to test whether there exists a causal linkage between government size and economic growth for Turkey over the period 1961 and 2016. To this end, the ARDL bounds test and Toda-Yamamoto (1995) Granger-causality tests are used. Empirical findings show that there is a cointegra-tion relationship between the two variables. The findings also yield different results changing in accordance with the proxy measure used for the size of government. Regarding government spending related proxy measures, there is a one-way causality running from government size to economic growth that confirm the validity of the Keynesian‘s view on the government spending-growth nexus. However, when tax related proxy measures are considered, the results partially differ. Accordingly, in case of direct taxes, there is one-way causality running from direct taxes to economic growth but when it comes to indirect taxes, this causal relationship reverses, running from economic growth to indirect taxes.

Anahtar Kelime:

TÜRKĠYE'DE KAMU KESĠMĠ BÜYÜKLÜĞÜ VE EKONOMĠK BÜYÜME ARASINDAKĠ NEDENSELLĠK ĠLĠġKĠSĠ: TODA-YAMAMOTO YAKLAġIMINDAN BULGULAR

Öz:

Bu makalenin temel amacı, 1961 ve 2016 döneminde Türkiye için kamu kesimi büyüklüğü ile eko-nomik büyüme arasında bir nedensellik iliĢkisi olup olmadığını test etmektir. Bu amaçla, ARDL sınır testi ve Toda-Yamamoto (1995) Granger-nedensellik testleri kullanılmaktadır. Ampirik bulgular, iki değişken arasında bir eşbütünleşme ilişkisi olduğunu göstermektedir. Bulgular ayrıca, kamu kesimi büyüklüğü için kullanılan temsili göstergelere göre değişen farklı sonuçlar da vermektedir. Kamu harcamalarına ilişkin temsili göstergelerle ilgili olarak, Keynesyenlerin kamu harcaması-büyüme bağına ilişkin görüşünün geçerliliğini doğrulayan, kamu kesimi büyüklüğünden ekonomik büyümeye doğru tek yönlü bir nedensellik vardır. Ancak vergiye ilişkin temsili göstergeler düşünüldüğünde sonuçlar kısmen farklılık göstermektedir. Buna göre, doğrudan vergiler söz konusu olduğunda, doğru-dan vergilerden ekonomik büyümeye doğru tek yönlü nedensellik vardır, ancak dolaylı vergilere gelindiğinde bu nedensellik ilişkisi ekonomik büyümeden dolaylı vergilere doğru tersine döner.

Anahtar Kelime:

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

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APA	Durucan A (2021). CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH. , 113 - 134.
Chicago	Durucan Ayşegül CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH. (2021): 113 - 134.
MLA	Durucan Ayşegül CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH. , 2021, ss.113 - 134.
AMA	Durucan A CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH. . 2021; 113 - 134.
Vancouver	Durucan A CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH. . 2021; 113 - 134.
IEEE	Durucan A "CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH." , ss.113 - 134, 2021.
ISNAD	Durucan, Ayşegül. "CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH". (2021), 113-134.

APA	Durucan A (2021). CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH. Finans Politik ve Ekonomik Yorumlar Dergisi, 58(655), 113 - 134.
Chicago	Durucan Ayşegül CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH. Finans Politik ve Ekonomik Yorumlar Dergisi 58, no.655 (2021): 113 - 134.
MLA	Durucan Ayşegül CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH. Finans Politik ve Ekonomik Yorumlar Dergisi, vol.58, no.655, 2021, ss.113 - 134.
AMA	Durucan A CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH. Finans Politik ve Ekonomik Yorumlar Dergisi. 2021; 58(655): 113 - 134.
Vancouver	Durucan A CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH. Finans Politik ve Ekonomik Yorumlar Dergisi. 2021; 58(655): 113 - 134.
IEEE	Durucan A "CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH." Finans Politik ve Ekonomik Yorumlar Dergisi, 58, ss.113 - 134, 2021.
ISNAD	Durucan, Ayşegül. "CAUSAL RELATIONSHIP BETWEEN GOVERNMENT SIZE AND ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM THE TODA-YAMAMOTO APPROACH". Finans Politik ve Ekonomik Yorumlar Dergisi 58/655 (2021), 113-134.