Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/323149 
Year of Publication: 
2024
Citation: 
[Journal:] Ekonomika [ISSN:] 2424-6166 [Volume:] 103 [Issue:] 2 [Year:] 2024 [Pages:] 90-108
Publisher: 
Vilnius University Press, Vilnius
Abstract: 
This study aims to investigate the macroeconomic impact of fiscal policy in Türkiye, where fiscal policy faces several challenges. Using annual time series data from 1980 to 2021, we examine the impact of tax and public expenditure subcomponents on GDP using the augmented autoregressive distributed lag (A-ARDL) bound test approach proposed by Sam et al. (2019). The A-ARDL test results indicate that tax revenue has a positive impact on economic growth in the short run, while tax revenue has a negative impact on economic growth in the long run. Furthermore, we conclude that increases in current and investment expenditures have a positive impact on economic growth in the short and long run, while increases in transfer expenditures have a negative impact on economic growth in the short run.
Subjects: 
Economic growth
Fiscal policy
Public expenditure
Tax revenue
Türkiye
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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