Kamu Tüketim Harcaması ve Özel Tüketim: Orta Asya Ülkeleri Üzerine Panel Veri Analizi

Recep Düzgün and Emine Bi̇lgi̇li̇

Sosyoekonomi Journal, 2008, issue 2008-2

Abstract: The aim of this paper is to investigate whether government consumption expenditures affect private consumption in terms of fiscal policy effectiveness. The paper, which is based on data regarding Central Asian Countries (Uzbekistan, Kyrgyzstan, Kazakhstan, Turkmenistan, Tajikistan and Azerbaijan), includes Panel Data Analysis for the period 1990-2003. In the first section, we explain theoretical background. After that, we analyze Central Asia Countries’ economic structures. The results of Panel Data Analysis are given in the third section. According to empirical evidence, government consumption expenditures tend to crowd out private consumption. In other words, fiscal policy is not effective as expected. On the other hand, disposable income has positive effect on private consumption.

Keywords: Government Consumption; Private Consumption; Panel Data Analysis. (search for similar items in EconPapers)
JEL-codes: C22 E21 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:080204

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