Özet:

The aim of this study is to investigate whether macro variables have an effect on public expenditures. In this context, 11 EU member OECD countries were selected for the period 2006-2020 and it was tried to determine whether there is a relationship between public expenditures and macro variables. the validity of Wagner's Law; in other words, Panel Causality test method was used to determine the relationship between economic growth and public expenditures. According to the Panel Causality test results, which were made after some preconditions were met, it was observed that there is a one-way relationship between public expenditures and economic growth ( Keynesian hypothesis is valid). On the other hand, it has been observed that there is a bidirectional causal relationship between public expenditures and the inflation rate. The recent result obtained from the research is that there is a mutual causal relationship between the inflation rate and economic growth.

Anahtar Kelimeler: