This study questions the importance of public debt in stable growth between 1980 and 2018, specifically, the Ricardian equivalence hypothesis and Keynesian view are questioned. This study used data obtained from the Northern Cyprus State Planning Office. A restricted vector autoregressive model...

In this study unstable economic growth rate in North Cyprus is analyzed. Annual time series data between 1980 and 2018 were sourced from State Planning Office in North Cyprus. In this research dependent variable RGDP growth rate and independent variables total public debt, consumption,...