Effect of Government Expenditure on GDP in the Turkish Economy

Autor:	E. Şimşek, M. Orhan, F. Macit
Jazyk:	angličtina
Rok vydání:	2017
Předmět:	Lucas Critique Government Expenditure Superexogeneity Test Economic theory. Demography HB1-3840 Economics as a science HB71-74
Zdroj:	International Econometric Review, Vol 9, Iss 2, Pp 71-78 (2017)
Druh dokumentu:	article
ISSN:	1308-8793 1308-8815
Popis:	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 super exogenous 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.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/d75f3ec16cc74e0ba8a7908af660aba3 Zobrazit plný text záznamu View record in DOAJ