Özet:

The relationship between public expenditures and economic growth has gain importance, especially after the First World War. In this study, the relationship between public expenditures and economic growth was investigated using data from 1989-2017 for BRICS countries and Turkey with cointegration and causality tests. As a result the cointegration test; there is a cointegration between variables for long run. Causality results show that there is no causality from public expenditures to economic growth in the short term but there is causality relationship from economic growth to public spending. In the long run, it is seen that there is bidirectional causality both from public expenditures to economic growth and from economic growth to public expenditures.

Anahtar Kelimeler: