KAMU HARCAMALARI İLE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: OECD ÜLKELERİ İÇİN YATAY KESİT BAĞIMLILIĞI ALTINDA PANEL EŞBÜTÜNLEŞME TESTİ
RELATIONSHIP BETWEEN PUBLIC EXPENDITURES AND ECONOMIC GROWTH: PANEL
COINTEGRATION TESTING UNDER CROSS-SECTIONAL DEPENDENCE FOR OECD COUNTRIES
Author(s): Üyesi Şahin BulutSubject(s): Public Administration, Economic policy, Economic development, Socio-Economic Research
Published by: Sage Yayınları
Keywords: Public Expenditures; Economic Growth; Panel Data; Cointegration; Cross-Sectional Dependence;
Summary/Abstract: It is thought that the expenditures of the public in the form of investment, education, health, defense, infrastructure and economic subventions directly or indirectly increase economic growth. For the period 1995-2016, the study investigated whether public spending increased economic growth with the help of panel cointegration analysis under Cross-Sectional Dependence for 21 OECD member countries. Findings obtained as a result of Westerlund-Edgerton Lagrange Multiplier Bootstrap cointegration analysis negate the relationship between public expenditures and economic growth and this result is statistically significant.
Journal: TURAN-SAM
- Issue Year: 10/2018
- Issue No: 37
- Page Range: 239-244
- Page Count: 6
- Language: Turkish