Türkiye'de bütçe açıklarının makro ekonomik sonuçları

The macroeconomic effects of budget deficits in Turkey

Faik Bilgili

MPRA Paper from University Library of Munich, Germany

Abstract: This paper observes if budget deficit has significant impact on interest rates, exchange rates, and, price level through (a) theoretical discussions, and, (b) relevant statistical estimations by regression models and Granger causality models. The paper (i) reaches the regression output depicting that budget deficit has just significant influence on exchange rate for the annual period 1970-1997, (ii) reveals Granger causality from budget deficit to interest rates and price level for the annual period 1970-1997, and, (iii) explores, on the other hand, that neither regression parameters nor Granger Causality parameters had statistical significance on interest rates, exchange rates and price level in Turkey for the monthly period 1993:1-1998:7.

Keywords: Budget deficit; fiscal policy; crowding-out; Turkish economy; cointegration; Granger causality (search for similar items in EconPapers)
JEL-codes: B22 B30 C12 C13 C32 C52 E30 E40 E60 E61 H20 (search for similar items in EconPapers)
Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Published in Journal of Faculty of Economics and Administrative Sciences, Erciyes University 15 (1999): pp. 153-169

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:75639

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