 TURKIYE EKONOMISINDE BUTCE ACIGININ SURDURULEBILIRILIGININ ANALIZIOzlem Goktas ()
Istanbul University Econometrics and Statistics e-Journal, 2008, vol. 8, issue 1, 45-64 Abstract: Economic sustainability is consequent to the sustainability of budget policies. By analyzing sustainability of budget policies, it is possible to ascertain if any change in fiscal and monetary policy is necessary or not. In this study, budget deficit sustainability was researched for the period of 1987:1–2007:3 under Inter-temporal Borrowing Constraint (IBC) approach. It is presumed that, crisis occurred and measures taken within the mentioned period caused structural change. Therefore, firstly by using Bai-Perron multiple break tests, a break was determined in the period 2003:2. Sustainability of budget deficit was analyzed for the whole period and two sub-periods respectively. Ng-Perron test for unit roots and Stock-Watson and Shin DOLS tests of cointegration were used in this analysis. Consequently, the results support the weak sustainability for the whole period and also for sub-periods. Keywords: Sustainability; Budget Deficit; Bai-Perron Multiple Break Test; Ng-Perron Unit Roots Tests; Stock-Watson DOLS Cointegration Test; Shin’s Cointegration Test (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ist:ancoec:v:8:y:2008:i:1:p:45-64 Access Statistics for this article Istanbul University Econometrics and Statistics e-Journal is currently edited by Kutluk Kagan Sumer More articles in Istanbul University Econometrics and Statistics e-Journal from Department of Econometrics, Faculty of Economics, Istanbul University Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.