Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/238826 
Year of Publication: 
2017
Citation: 
[Journal:] International Econometric Review (IER) [ISSN:] 1308-8815 [Volume:] 9 [Issue:] 2 [Publisher:] Econometric Research Association (ERA) [Place:] Ankara [Year:] 2017 [Pages:] 69-76
Publisher: 
Econometric Research Association (ERA), Ankara
Abstract: 
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
Subjects: 
Lucas Critique
Government Expenditure
Superexogeneity Test
JEL: 
E52
H5
C22
C52
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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