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Geçiş ekonomisi, merkezi olarak planlanan bir ekonomiden serbest piyasa ekonomisine dönüşmekte olan bir ekonomiyi ifade etmektedir. Geçiş ekonomileri, piyasa temelli kurumlar geliştirmeyi amaçlayan bir dizi yapısal dönüşümden geçmektedir. Bu çalışmada geçiş ekonomilerinde 1998-2017 dönemine ait kamu harcamalarının ekonomik büyümeye olan etkisi incelenmiştir. Bu kapsamda F testi ve Hausman testi uygulanmıştır. Panel veri regresyon modellerinin ele alındığı analizde, sabit etkiler modelinin uygun olduğu görülmüştür. Model, varsayımlardan sapmalara karşı geliştirilen Driscoll-Kraay dirençli standart tahmincileriyle tahmin edilmiştir. Analizde 21 geçiş ekonomisinin 1998-2017 dönemine ait kamu harcamalarının ekonomik büyümeye olan etkisi ele alınmıştır. Analiz sonucunda, 21 geçiş ekonomisinin iktisadi büyümesinde kamu harcamalarının pozitif etkisi olduğu bulgusuna ulaşılmıştır. Bu bağlamda, kamu nihai tüketim harcamalarındaki %1’lik artış reel gayri safi yurtiçi hasılayı %0,42 oranında artırmaktadır. Ek olarak bu sonuç, geçiş ekonomilerinin kamu kaynak tahsisinde etkinlik, siyasi istikrarın iktisadi istikrara olan etkisi, merkezden planlanan ekonomilerin serbest piyasaya geçişteki başarısı ve geçiş ekonomilerinin küresel rekabetteki konumu gibi hususlarda birtakım çıkarımlar yapmaya imkân tanımaktadır.
The transitional economy represents an economy that turns from a centrally planned economy to a free market economy. The transitional economies are undergoing a series of structural transformations aimed at developing market-based institutions. This study examined the impact of public spending in the period 1998-2017 on the economic growth in the transitional economies. The F test and Hausman test were implemented. In the analysis of the panel data regression models, the fixed effects model was found to be appropriate. The model was predicted with Driscoll-Kraay-resistant standard predictors developed against deviations from assumptions. The analysis examined the impact of the public spending of the period 1998-2017 of the 21 transitional economies on economic growth. The analysis found that 21 transitional economies had a positive impact on public spending in economic growth. In this context, an increase of 1% in public final consumption spending increases real non-clean domestic earnings by 0.42%. In addition, this outcome enables to make a number of conclusions on issues such as the effectiveness of the transitional economies in the public resource allocation, the impact of political stability on economic stability, the success of the center-planned economies in the transition to the free market and the position of the transitional economies in the global competition.
A transition economy is an economy which is changing from a centrally planned economy to a market economy. Transition economies undergo a set of structural transformations intended to develop market-based institutions. In this study, the effects of public expenditures on economic growth are examined for transition economies in the period 1997-2018. For this purpose, F and the Hausman tests were carried out. As discussed in the analysis of panel data regression model, the fixed effects model was found to be suitable. The model developed against deviations from assumptions, has been estimated by Driscoll-Kraay robust standard estimator. In the analysis, the effect of 21 transition economies on the economic growth of public expenditures of 1998-2017 period is examined. As a result of the analysis, it is found that public expenditures have a positive effect on the economic growth of the 21 transition economies. In this context, it has been determined that an increase by 1% in public final consumption expenditures raised the real gross domestic product by 0.42%. In addition, this result makes it possible to make inferences about the impacts of transition economies on public resource allocation, the effect of political stability on economic stability, the success of the centrally planned economies on the transition to the free market and the position of transition economies in global competition.
Field : Sosyal, Beşeri ve İdari Bilimler
Journal Type : Uluslararası
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