Author/Authors :
PEKER, Osman Adnan Menderes Üniversitesi - İİBF - İktisat Bölümü, Turkey , GÖÇER, İsmet Adnan Menderes Üniversitesi - İktisat Doktora Programı, Turkey
Title Of Article :
Empirical Analysis of Budget Deficits
Abstract :
In this study, the sustainability of budget deficit in Turkey tested with a bounds testing approach by using monthly data 1987-2010 period. Following empirical findings were reached in the study investigating three sub-term and full-term. Determined that budget deficits are sustainable in weak form the periods of 1987:01-1994:03, 1994:04-2001:01 and 1987:01-2010:12, but it is sustainable in strong form the period of 2001:02-2010:12. As a result of causality analysis made according to error correction model, budget revenues are the cause of budget expenditures.
NaturalLanguageKeyword :
Budget Deficit , Sustainability , Co , integration , Turkey
JournalTitle :
Journal Of Management and Economics
