Effect of Government Expenditure on GDP in the Turkish Economy
Küçük Resim Yok
Tarih
2017
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Ekonometrik Araştırmalar Derneği
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The objective of this article is to investigate the effect of government expenditure on GDP in Turkey from 2000Q1-2015Q4 by the superexogeneity test. As a consequence of satisfying both conditions of weak exogeneity and structural invariance, government expenditure is superexogenous to GDP which implies that the policy regime shift for the period of the Global Financial Crisis in Turkey did not cause structural variance in government expenditure. Indeed, the Lucas Critique which indicates that policy regime shifts cause structural breaks, appears to be refuted.
Açıklama
Anahtar Kelimeler
Lucas Critique, Government Expenditure, Superexogeneity Test
Kaynak
International Econometric Review
WoS Q Değeri
Scopus Q Değeri
Cilt
9
Sayı
2
