Full Text

Turn on search term navigation

Copyright The Associations of Economists of Vojvodina 2014

Abstract

The main objective of this paper is to analyze empirically the effects of government spending on private investment, evaluating the existence of crowding-out/-in effects, in Turkey for the 1975-2011 period. In contrast to previous studies, we employed in the paper the modified version of David A. Aschauer's (1989) model, which allows us to see the effects of each component of government spending taking place in the Turkish budget system. The empirical findings of the paper showed that government current transfer spending, government current spending, and government interest spending crowd-out private investment, whereas government capital spending crowds-in private investment in Turkey.

Details

Title
Crowding-Out or Crowding-In? Analyzing the Effects of Government Spending on Private Investment in Turkey
Author
Sen, Hüseyin; Kaya, Ayse
Pages
631-651
Publication year
2014
Publication date
2014
Publisher
The Associations of Economists of Vojvodina
ISSN
1452595X
e-ISSN
22172386
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
1645149540
Copyright
Copyright The Associations of Economists of Vojvodina 2014