In this study, we examine if there is a linkage between the budget deficit (BD) and current account deficit (CAP). Traditional theory asserts that the BD leads to CAD, given that government expenditures are fixed. As disposable income increases due to BD (i.e., due to tax-cuts given that there...

Bu çalışmada gıda harcamalarının toplam gelir içindeki paylarına bakarak, bireyin ya da hane halkının reel gelirinin ya da satın alma gücünün artıp artmadığı sorusuna cevap aradık. Gıda harcamalarının bütçe içindeki payının azalmasını reel gelirin artmasının bir...

2001 krizinden sonra 2007'ye kadar Türkiye ekonomisi uzun dönem ortalamasının çok üzerinde büyüdü. Üstelik bu büyüme hızı benzer ülkelerin büyüme hızlarının da üzerinde gerçekleşti. Aynı dönemde Türkiye mali disipline dayanan bir ekonomik programı uygulamaya koydu. Bu...

The New Classical theorem asserts that (a) the individuals with rational expectations do not change their consumption levels unless the expected permanent income changes, and, (b), thusly, tax and/or debt policies are not significant on consumption decisions of the individuals, at least in the...

One of the most important problems of developing countries like Turkey is economic development. In order to continue well-balanced development, developing countries should increase their saving-deposit and use them effectively. Because, capital accumulation providing economic development can be...

The economics literature argues that once Ricardian hypothesis is valid fiscal policy do not have any real impact on macroeconomy via consumption decisions. However, it has beeen argued by many studies on fiscal dominance that there are exceptions to the validity of Ricardian Equivalence theorem...

Consumption expenditure is an important component of aggregate demand. Recent theoretical and empirical studies search for possible Keynesian / Non Keynesian fiscal impacts on household consumption decisions. Besides providing insight to determinants of consumption decisions, these studies also...

The aim of this study is to compare the ex post forecast accuracies of VAR, ARIMA, ES, Combining and Add-factor methods. In this comparison, the ex post forecasts of 2000:1-2000:4 are obtained by using the data of the Turkish private consumption for the period of 1987:1-1999:4. Beside private...

The Keynesian approach claims that a reduction in average taxes and/or an increase in autonomous government expenditures will stimulate growth in the economy through multiplier effects. The supply side economics, however, considers mainly the necessary cut in effective economy-wide marginal tax...