Mali Alan Ölçümünde Ostry vd. Yaklaşımı’nın Kuramsal Temeli

Bu çalışmada mali alan ölçüm yöntemlerinden birisi olan Ostry vd. yaklaşımının kuramsal temelinin incelenmesi amaçlanmıştır. Bu doğrultuda yaklaşımın dayandırıldığı varsayımlar başta olmak üzere “mali yorgunluk” ve “borç limiti” kavramları anlatılmaya çalışılmış ve yaklaşımın, ülkelerin mali alanının doğru ölçülebilmesi için gerekli olan bütünsel temele sahip olup olmadığı incelenmiştir. Sonuç olarak yaklaşımın görece sağlam kuramsal temeller üzerine kurulduğu söylenebilir. Ancak yaklaşımın bu sağlam temellere paralel olarak geçerliliğini ve güncelliğini koruması, literatürdeki yeni teorik gelişmelere ve ülkelerin edindikleri özgün ekonomik tecrübelere ayak uydurabilmesi sonucu mümkün olabilecektir.

Anahtar Kelimeler:

Mali Alan, Mali Yorgunluk, Borç Limiti, Ostry vd. Yaklaşımı

Estimating Fiscal Space: The Theoretical Framework of Ostry et al. Approach

In this paper, it is aimed to examine the theoretical framework of Ostry et al. approach which is one of the methods to estimate fiscal space. In this direction, “fiscal fatigue” and “debt limit” concepts as well as assumptions are tried to explain. In addition, it is examined whether the approach has holistic basis to estimate properly fiscal space of countries. Consequently, it can be said that the approach is based on relatively sound theoretical frameworks. However, whether the approach keeps pace with the new theoretical developments in the literature and countries’ unique economic experiences will test the validity and topicality of the approach.

Keywords:

Fiscal Space, Fiscal Fatigue, Debt Limit, Ostry et al. Approach,

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