Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81716
Authors: 
Tutar, Ibrahim
Tansel, Aysit
Year of Publication: 
2011
Series/Report no.: 
Discussion Paper, Turkish Economic Association 2011/5
Abstract: 
This study examines the effects of fragmented governments and fiscal authorities on budget deficits in Turkey along with political business cycle effects. For econometric analysis we will use annual data from the period of 1960-2009. This paper sheds light on various dispersion indices and their use in the field of political power and fiscal performance. The results show that the power dispersion indices of governments and fiscal institutions significantly explain the increases in the ratio of budget deficit to GNP. The paper draws attention to the unification and better coordination of fiscal authorities in Turkey. The analysis has important policy implications for Turkey and other developing countries from the viewpoint of fragmented political and administrative dispersion of power and poor budget performances.
Subjects: 
Political Business Cycles
Fragmentation and Power Dispersion
Public Budget
Turkey
Statistical Indices
JEL: 
P16
H72
C22
C43
Document Type: 
Working Paper

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