Fiscal Space and Estimating Methods

Fatih Akbayir and Ahmet Yereli ()

Sosyoekonomi Journal, 2018, issue 26(38)

Abstract: In this paper, it is aimed to examine the estimating methods of the fiscal space, which is a concept that governments focus in recent years. In this direction, six fiscal space estimating methods are explained theoretically. Besides, it is tried to evaluate these methods in terms of advantages and disadvantages through a comparative analysis. It is also examined the risks associated with the methods. As a result, it can be said that incorrect measures of fiscal space may have negative effects on many important factors, from the development stages of the countries to the macro indicators. In addition, considering that the fiscal space of the countries is affected by many economic and noneconomic factors, Ostry et al. (2010) approach attracts considerable attention. Because it takes more account of the general equilibrium situation.

Keywords: Fiscal Sustainability; Fiscal Risk; Fiscal Space; Ostry et al. Approach; Debt Dynamics. (search for similar items in EconPapers)
JEL-codes: E62 H62 H63 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://dergipark.gov.tr/download/article-file/558367

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:180414

Access Statistics for this article

More articles in Sosyoekonomi Journal from Sosyoekonomi Society Cihan St. 27/7 06430 Sihhiye Ankara Turkey.
Bibliographic data for series maintained by Aysen Sivrikaya ().