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Growth of Public Expenditures in Turkey during the 1950-2004 Period: An Econometric Analysis

Author

Listed:
  • Yay, Turan

    (Yildiz Technical University, Department of Economics, 34349, Yildiz, Istanbul, Turkey.)

  • Tastan, Huseyin

    (Yildiz Technical University, Department of Economics, 34349, Istanbul, Turkey.)

Abstract

The share of government expenditures in GDP has displayed steady increase in both developed and developing countries during the 20th century. This observation has led economists to explore the reasons and the underlying mechanism both theoretically and empirically. Several hypotheses on the relationship of public expenditures with income growth, budget deficits and government revenues have been reexamined in the light of recent developments in econometric methods. This study presents results from testing three hypotheses, namely, the Wagner Hypothesis, the Buchanan- Wagner Hypothesis and the Tax-Expenditure Hypothesis, using data from Turkey for the period 1950-2004. In the empirical section we employed time series econometric techniques to analyze long run economic relationships. Several unit root and cointegration tests are utilized to see the robustness of results across different methods.

Suggested Citation

  • Yay, Turan & Tastan, Huseyin, 2009. "Growth of Public Expenditures in Turkey during the 1950-2004 Period: An Econometric Analysis," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 101-118, December.
    • Handle: RePEc:rjr:romjef:v::y:2009:i:4:p:101-118
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    Citations

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    Cited by:

    1. Ali, Wajid & Munir, Kashif, 2016. "Testing Wagner versus Keynesian Hypothesis for Pakistan: The Role of Aggregate and Disaggregate Expenditure," MPRA Paper 74570, University Library of Munich, Germany.
    2. Cosimo Magazzino, 2012. "The Nexus between Disaggregated Public Spending and GDP in the Euro Area," Economics Bulletin, AccessEcon, vol. 32(3), pages 2560-2579.
    3. Yusuf Shamsuddeen Nadabo & Suleiman Maigari Salisu, 2021. "Investigating the Expenditure-Economic Growth Nexus in Nigeria the Presence of Structural Breaks: A Nonlinear ARDL Cointegration Approach," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(09), pages 146-153, September.
    4. Gizem Uzuner & Festus Victor Bekun & Seyi Saint Akadiri, 2017. "Public Expenditures and Economic Growth: Was Wagner Right? Evidence from Turkey," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(2), pages 36-40, June.
    5. Magazzino, Cosimo, 2012. "Wagner versus Keynes: Public spending and national income in Italy," Journal of Policy Modeling, Elsevier, vol. 34(6), pages 890-905.

    More about this item

    Keywords

    Public expenditures; Wagner Hypothesis; Buchanan-Wagner Hypothesis; Tax-Expenditure Hypothesis; Turkey;
    All these keywords.

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation

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