Buradasınız

Anasayfa » Content

KAMU KESİMİ BÜYÜKLÜĞÜ VE EKONOMİK BÜYÜME İLİŞKİSİ: ÇOKLU KO-ENTEGRASYON ANALİZİ

Relationships Between Government Size and Economic Growth : Multivariate Cointegration Analysis

Journal Name:

  • Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi

Publication Year:

  • 2004

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
Does a large government size promote or depress economic growth? Many theoretical approach in this issue has been tested through empirical investigations. Yet the result of the investigations conducted to date have been diverse and contradictory. Ram (1986), Devarajan et al. (1996), Ghali (1999), Cao and Li (2001), concluded that a large government size promotes economic growth, while Landau (1983), Barro (1989, 1991), GHL (1998), Damalagas (2000) and Grimes (2003), concluded that it depresses economic growth. Following Ghali (1999), Cao and Li (2001), this study uses multivariate cointegration techniques and attempts to model the dynamic interactions between government size and economic growth the case of Turkey. According to the results from this study, government size has a positive effect on economic growth in the long-run, but it doesn’t Granger-cause economic growth.
Bookmark/Search this post with
Abstract (Original Language): 
Kamu kesimi büyüklüğü ekonomik büyümeyi olumlu mu yoksa olumsuz mu etkilemektedir? Bu konudaki bir çok teorik yaklaşım, ampirik çalışmalarla test edilmektedir. Ancak şu ana kadar yapılan çalışmalar, bu konuda tam bir mutabakatın sağlanamadığını göstermektedir. Ram (1986), Devarajan ve diğ. (1996), Ghali (1999), Cao ve Li (2001), kamu kesimi büyüklüğünün ekonomik büyümeyi olumlu yönde etkilediğini ifade ederken, Landau (1983), Barro (1989, 1991), GHL (1998), Damalagas (2000) ve Grimes (2003), kamu kesimi büyüklüğünün ekonomik büyümeyi olumsuz yönde etkilediğini ortaya koymuşlardır. Ghali (1999), Cao and Li (2001)’nin yaklaşımı doğrultusunda yapılan bu çalışmada kamu kesimi büyüklüğü ile ekonomik büyüme arasındaki dinamik etkileşimler, çoklu ko-entegrasyon tekniğinden yararlanılarak Türkiye örneği için test edilmiştir. Çalışmanın sonucuna göre, uzun dönemde kamu kesimi büyüklüğü ekonomik büyümeyi olumlu yönde etkilemektedir. Ancak, kamu kesimi büyüklüğünden ekonomik büyümeye doğru bir nedensellik ilişkisi söz konusu değildir.
FULL TEXT (PDF): 
PDF icon arastirmax-kamu-kesimi-buyuklugu-ekonomik-buyume-iliskisi-coklu-ko-entegrasyon-analizi.pdf
  • 2
13-29
  • Turkish

REFERENCES

References: 

Abu-Bader, S. ve Abu-Qarn, Aamer S. (2003), “Government Expenditures,
Military Spending and Economic Growth: Causality Evidence from
Egypt, Israel, and Syria”, Journal of Policy Modeling, Vol: 25, No: 6-7,
567-583.
Al-Yousif, Y. Khalifa (2001), “Do Government Expenditures Inhibit or Promote
Economic Growth: Some Empirical Evidence from Saudi Arabia”, The
Indian Economic Journal, Vol:48, No:2, 92-96.
Barro, Robert J. (1989), “A Cross-Country Study of Growth, Saving and
Government”, NBER, Working Paper No: 2855.
Barro, Robert J. (1990), “Government Spending in a Simple Model of Endogenous
Growth”, Journal of Political Economy, Vol:98, No:5, 103-125.
Barro, Robert J. (1991), “Economic Growth in a Cross-Section of Countries”,
Quarterly Journal of Economics, Vol:106, No:2, 407-441.
Barth, J.R., Keleher, R.E. ve Russek, F.S. (1990), “The Scale of Government
Economic Activity”, Southern Economic Journal, 13, 142-183.Cao, Yong ve Li, Michael Z.F. (2001), “The Long-run Causality between
Government Size and Economic Growth – A Comparative Study of
Four Asian Tigers Over The Period of Industrialization and Post-
Industrialization”, http://www.ntu.edu.sg/nbs/ae/WP-Series/wp2001-
03.pdf 25.05.2004.
Dalamagas, Basil (2000), “Public Sector and Economic Growth: The Greek
Experience”, Applied Economics, 32, 277-288.
Devarajan, S., Swaroop, V. ve Zou, H. (1996), "The Composition of Public
Expenditure and Economic Growth," Journal of Monetary Economics,
37, 313-344.
Dickey, D.A. ve Fuller, W.A. (1979), “Distribution of the Estimators for
Autoregressive Time Series with a Unit Root”, Journal of the American
Statistical Association, 74, 427-431.
Engle, R.F. ve Granger, C.W.J. (1987), “Cointegration and Error Correction:
Representation, Estimation and Testing”, Econometrica, 55, 251-276.
Ghali, Khalifa H. (1999), “Government Size and Economic Growth: Evidence
from a Multivariate Cointegration Analysis”, Applied Economics, 31,
975-987.
Gould, E.J. (1983), “The Development of Public Expenditure in Western
Industrialized Countries: A Comparative Analysis”, Public Finance, 38,
1, 38-69.
Grier, K. ve Tullock, G. (1989), “An Empirical Analysis of Cross-National
Economic Growth, 1950-1980”, Journal of Monetary Economics, 24, 1,
259-276.
Grimes, Arthur (2003), “Economic Growth and the Size & Structure of
Government: Implications for New Zealand”,
http://www.businessnz.org.nz/file/58
1/EconomicGrowthTaxSizeOfGovernment.pdf 25.05.2004.
Gwartney, J., Holcombe, R. ve Lawson, R. (1998), “The Scope of Government and
the Wealth of Nations”, The Cato Journal, Vol: 18, No: 2, 163-190.Holmes, J.M. ve Hutton, P.A. (1990), “On the Causal Relationship Between
Government Expenditures and National Income”, Review of Economics
and Statistics, 72, 87-95.
Johansen, S. ve Juselius, K. (1990), “Maximum Likelihood Estimation and
Inference on Cointegration with Applications to the Demand for
Money”, Oxford Bulletin of Economics and Statistics, 52, 169-210.
Kormendi, R.C. ve Meguire, P.G. (1985), “Macroeconomic Determinants of
Growth: Cross-Country Evidence”, Journal of Monetary Economics,
16, 141-163.
Landau, Daniel L. (1983), “Government Expenditure and Economic Growth: A
Cross-Country Study”, Southern Economic Journal, 35,783-792.
Lucas, Robert E. (1988), “On The Mechanics of Economic Development”, Journal
of Monetary Economics, 22, 3-42.
Pio, Alessandro (1993), “İçsel Büyüme Teorisinde Yeni Gelişmeler Nelerdir?
Bunlar Gelişmekte Olan ve Piyasa Ekonomisine Geçiş Sürecini
Yaşayan Ülkeler Açısından Ne Ölçüde Uygulanabilir”, (Çev: Nurcan
Özkaplan), Ekonomik Yaklaşım, Cilt:4, Sayı:10, 109-136.
Ram, Rati (1986), “Government Size and Economic Growth: A New Framework
and Some Evidence from Cross-Section and Time-Series Data”
American Economic Review, 76, 1, 190-203.
Rosen, S. ve Weinberg, B. (1998), "Incentives, Efficiency, and Government
Provision of Public Services", Annual World Bank Conference on
Development Economics 1997, Eds: Pleskovic, B. ve Stiglitz, J. E., The
World Bank, 139-166.
Singh, B. ve Sahni, B. (1984), “Patterns and Directions of Causality Between
Government Expenditure and National Income in the United States”,
Journal of Quantitative Economics, 2, 291-308.
Terasawa, Katsuaki L. ve Gates, W.R. (1998), “Relationships Between
Government Size and Economic Growth: Japan’s Government Reforms
and Evidence from OECD”, International Public Management Journal,
1(2), 195-223.

Thank you for copying data from http://www.arastirmax.com