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The Role of Public Debt in Economic Growth: The Case of Türkiye (2000-2024)

Author

Listed:
  • Oğuz Acar

    (Si̇vas Cumhuri̇yet University)

  • Nazım Öztürk

    (Si̇vas Cumhuri̇yet University)

Abstract

Since changes in public debt are indicators of the sustainability of public finances, it is important to monitor the effects of changes on the economy. The study analyzes the impact of public debt on economic growth in Türkiye. The relationship between the share of public debt in gross domestic product and real gross domestic product is examined using the OLS method and it is found that changes in public debt stock have a negative effect on gross domestic product. The findings imply to decision-makers that if borrowed funds are used correctly, they could have a positive contribution to economic growth.

Suggested Citation

  • Oğuz Acar & Nazım Öztürk, 2025. "The Role of Public Debt in Economic Growth: The Case of Türkiye (2000-2024)," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 40(123), pages 188-209, April.
    • Handle: RePEc:acc:malfin:v:40:y:2025:i:123:p:188-209
    DOI: https://doi.org/10.33203/mfy.1618905
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    More about this item

    Keywords

    Public debt; real gdp; economic growth; public debt policy;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

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