Budget Deficits and Indirect Taxes during the Political Instability Periods in Turkey: Cointegration Analysis and EC Model Estimation, 1985-2003

Melike Bildirici and Nevin Coşar

International Journal of Applied Econometrics and Quantitative Studies, 2005, vol. 2, issue 1, 69-88

Abstract: The main purpose of this study is to examine a relationship between budget deficit and indirect taxes in political instability. Between 1985 and 2003, budget policies were influenced by unstable political conditions. In order to explain the financing of the budget deficits under the political instabilities. In the first part of the study, theoretical developments will be explained. Second, Turkish political and economic conditions will be analyzed. Third, econometric tests and results will be discussed. We propose that indirect taxes are more utilized than direct taxes during the political instability periods.

Keywords: Budget Deficit; taxes; cointegration analysis (search for similar items in EconPapers)
JEL-codes: C33 C5 H61 H62 (search for similar items in EconPapers)
Date: 2005
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