Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Maliye Çalışmaları D...arrow_drop_down
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
Maliye Çalışmaları Dergisi
Article . 2024
Data sources: DOAJ
addClaim

Analysis of Fiscal Sustainability in Türkiye: NARDL Method

Authors: Ebru Karaş;

Analysis of Fiscal Sustainability in Türkiye: NARDL Method

Abstract

Sustainability is the use of existing resources in an economy without excessive destruction, considering the welfare of future generations. The reflection of sustainability, a concept that concerns every field in finance, has been in the form of fiscal sustainability. Fiscal sustainability is associated with the state’s ability to pay and is explained through budget deficits and public debt burden indicators. This study determines whether fiscal sustainability exists in Türkiye between 2000 and 2023throughtheNonlinear BoundsTest(NARDL).TheNARDLmethodconsiders the asymmetric effects of the variables included in the model. Accordingly, fiscal sustainability in Türkiye was investigated using two separate models created in the study, considering the positive and negative effects of the variables. When the f indingsobtainedwereevaluated,itwasconcludedthattherewasfiscalsustainability in Türkiye in the period examined. However, the degree of fiscal sustainability was weak in both created models. It was concluded that decreased public expenditures increased public revenues in the long term while reducing public debts increased the budgetbalance.Inaddition, it hasbeenconcludedthattheincreasesanddecreasesin public expenditures, among the variables used in determining fiscal sustainability, have asymmetric effects on public revenues. In this context, taking the existing sustainability into a stronger form by considering its asymmetric effects is crucial for the stability of fiscal policies.

Keywords

K4430-4675, public revenues, budget balance, nardl method, public debt stock, public expenditures, Public finance

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
gold