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Türkiye’de Uygulanan Orta Vadeli Programın Ödemeler Dengesi Tahminleri Doğrultusunda Performansının Analizi
[Analysis of the Medium Term Program Performance Applied in Turkey According to the Balance of Payments Estimates]

Author

Listed:
  • Aras, Osman Nuri
  • Erdoğan, Eren
  • Kök, Rukiye

Abstract

Many developed and developing countries, who want to fulfill their social responsibilities covering investment spending that requires long-term, are passed to the multi-year budgeting practices instead of the classic one-year budget execution. In this respect, Turkey has passed multi-year budgeting implementation in 2006. Multi-year budgeting method, which is called “Medium Term Expenditure System” in the World Bank studies, is being implemented in the framework of the Medium Term Programme (MTP) in Turkey. Macro economic objectives of MTP include the balance of payments targets as well as growth, employment, public finance and general level of prices. It is estimated in the three-year horizon about Exports, Imports, Trade Balance, Current Account Balance/GDP, and Foreign Trade Volume/GDP towards the balance of payments targets. In this study, the success performance in forecasting and targets of the MTP was analyzed according to the balance of payments targets. In this study, the following conclusion was reached: In Turkey, the level of achievement of the MTP’s estimates is behind a great deal of EU countries according to the size of the balance of payments.

Suggested Citation

  • Aras, Osman Nuri & Erdoğan, Eren & Kök, Rukiye, 2014. "Türkiye’de Uygulanan Orta Vadeli Programın Ödemeler Dengesi Tahminleri Doğrultusunda Performansının Analizi [Analysis of the Medium Term Program Performance Applied in Turkey According to the Balan," MPRA Paper 81905, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:81905
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    References listed on IDEAS

    as
    1. Ercan Uygur, 2001. "Krizden Krize Türkiye: 2000 Kasým ve 2001 Þubat Krizleri," Working Papers 2001/1, Turkish Economic Association, revised Apr 2001.
    2. Hakkı Hakan YILMAZ & Mustafa BİÇER, 2010. "Türkiye’de mali reformlar sonrası değişen politika oluşturma, planlama, bütçeleme süreci ve orta vadeli harcama sisteminin uygulanabilirliği," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 25(287), pages 33-68.
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    More about this item

    Keywords

    Medium Term Expenditure System; Medium Term Programme; Macro- Economic Goals and Realizations; the Size of the Balance of Payments.;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • E69 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Other
    • F1 - International Economics - - Trade
    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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