CROWDING OUT EFFECT OF GOVERNMENT SPENDING ON PRIVATE INVESTMENTS IN TURKEY: A COINTEGRATION ANALYSIS

Bu çalışmada 1987:Q1-2007:Q3. dönemine ait veri kullanılarak JohansenJuselius koentegrasyon analizi uygulanmış ve Türkiye’deki kamu harcamalarının özel yatırımlar üzerindeki etkisi araştırılmıştır. Çalışmadan elde edilen bulgulara göre toplam kamu harcamaları ve transfer harcamaları dışlama etkisinin aksine özel yatırımları desteklemektedir. Hükümetin yatırım harcamaları ise dışlama etkisi hipotezini doğrular şekilde özel yatırımlar üzerinde negatif etkiye sahiptir. Çalışmadan elde edilen diğer bulgulara göre, GSYİH özel yatırımları pozitif, faiz oranları ise negatif olarak etkilemektedir

Türkiye’de Kamu Harcamalarının Özel Yatırımlar Üzerindeki Dışlama Etkisi: Koentegrasyon Analizi

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