RELATIONSHIP BETWEEN PUBLIC EXPENDITURES, TAX REVENUE, INSTITUTIONAL QUALITY AND ECONOMIC GROWTH: THE CASE OF E7 COUNTRIES

Enes Sarman; Sinem Eyüboğlu

Makale detayları

RELATIONSHIP BETWEEN PUBLIC EXPENDITURES, TAX REVENUE, INSTITUTIONAL QUALITY AND ECONOMIC GROWTH: THE CASE OF E7 COUNTRIES

Yazarlar:

Enes Sarman | Sinem Eyüboğlu

Yayıncı:

Cukurova University

Ana Başlıklar:

Uluslararası İktisat (Diğer)

Dergi:

Çukurova Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Vol.33 Issue 2, pp.919-937

Belge Tipi:

Makale

Yayın Tarihi:

10/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001330014

pISSN:

1304-8899

Anahtar kelimeler:

Özet:

 This study aims to analyze the relationships between public expenditures, tax revenue, institutional quality, and gross domestic product in the E7 countries during the period from 2002 to 2020. To determine the long-term relationship between the variables, the Westerlund 2008 cointegration test was used, and it was found that the variables move together in the long run. Long-term coefficients were calculated using the Augmented Mean Group estimator, and it was found that the impact of public expenditures and institutional quality on economic growth is negative. However, it was observed that tax revenue is not statistically significant in the long term. The causality relationship between the variables was examined using the Dumitrescu and Hurlin 2012 panel causality test, and it was determined that there is a unidirectional causality relationship between institutional quality and economic growth, tax revenue and economic growth, and economic growth and public expenditures. Additionally, unidirectional causality relationship was found from institutional quality to tax revenue and from public expenditures to institutional quality. These findings highlight the importance for E7 countries to focus on institutional reforms, public expenditures, tax collection systems, and policies that support economic growth to enhance the long-term economic growth.

 This study aims to analyze the relationships between public expenditures, tax revenue, institutional quality, and gross domestic product in the E7 countries during the period from 2002 to 2020. To determine the long-term relationship between the variables, the Westerlund 2008 cointegration test was used, and it was found that the variables move together in the long run. Long-term coefficients were calculated using the Augmented Mean Group estimator, and it was found that the impact of public expenditures and institutional quality on economic growth is negative. However, it was observed that tax revenue is not statistically significant in the long term. The causality relationship between the variables was examined using the Dumitrescu and Hurlin 2012 panel causality test, and it was determined that there is a unidirectional causality relationship between institutional quality and economic growth, tax revenue and economic growth, and economic growth and public expenditures. Additionally, unidirectional causality relationship was found from institutional quality to tax revenue and from public expenditures to institutional quality. These findings highlight the importance for E7 countries to focus on institutional reforms, public expenditures, tax collection systems, and policies that support economic growth to enhance the long-term economic growth.

 This study aims to analyze the relationships between public expenditures, tax revenue, institutional quality, and gross domestic product in the E7 countries during the period from 2002 to 2020. To determine the long-term relationship between the variables, the Westerlund 2008 cointegration test was used, and it was found that the variables move together in the long run. Long-term coefficients were calculated using the Augmented Mean Group estimator, and it was found that the impact of public expenditures and institutional quality on economic growth is negative. However, it was observed that tax revenue is not statistically significant in the long term. The causality relationship between the variables was examined using the Dumitrescu and Hurlin 2012 panel causality test, and it was determined that there is a unidirectional causality relationship between institutional quality and economic growth, tax revenue and economic growth, and economic growth and public expenditures. Additionally, unidirectional causality relationship was found from institutional quality to tax revenue and from public expenditures to institutional quality. These findings highlight the importance for E7 countries to focus on institutional reforms, public expenditures, tax collection systems, and policies that support economic growth to enhance the long-term economic growth.

 Bu çalışmada, 2002-2020 dönemi itibariyle E7 ülkelerinde kamu harcamaları, vergi geliri, kurumsal kalite ve gayri safi yurtiçi hasıla arasındaki ilişkileri analiz etmek amaçlanmıştır. Değişkenler arasındaki uzun dönem ilişkiyi belirlemek için Westerlund 2008 eşbütünleşme testi kullanılmış ve değişkenlerin uzun dönemde birlikte hareket ettikleri bulunmuştur. Uzun dönem katsayıları Arttırılmış Ortalama Grubu kullanılarak hesaplanmış ve kamu harcamaları ile kurumsal kalitenin ekonomik büyüme üzerindeki etkisinin negatif olduğu tespit edilmiştir. Ancak vergi gelirinin uzun dönemde istatistiksel olarak anlamlı olmadığı gözlemlenmiştir. Değişkenler arasındaki nedensellik ilişkisi Dumitrescu ve Hurlin 2012 panel nedensellik testi ile incelenmiş, kurumsal kalite ile ekonomik büyüme, vergi geliri ile ekonomik büyüme ve ekonomik büyüme ile kamu harcamaları arasında tek yönlü nedensellik ilişkisi olduğu tespit edilmiştir. Ayrıca, kurumsal kaliteden vergi gelirine ve kamu harcamalarından kurumsal kaliteye doğru tek yönlü nedensellik ilişkisi bulunmuştur. Bu bulgular, E7 ülkelerinin uzun dönemli ekonomik büyümelerini artırmak için kurumsal reformlara, kamu harcamalarına, vergi toplama sistemlerine ve ekonomik büyümeyi destekleyici politikalara odaklanmalarının önemini vurgulamaktadır.

Makale detayları

RELATIONSHIP BETWEEN PUBLIC EXPENDITURES, TAX REVENUE, INSTITUTIONAL QUALITY AND ECONOMIC GROWTH: THE CASE OF E7 COUNTRIES

Yazarlar:

Enes Sarman | Sinem Eyüboğlu

Yayıncı:

Cukurova University

Ana Başlıklar:

Uluslararası İktisat (Diğer)

Dergi:

Çukurova Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Vol.33 Issue 2, pp.919-937

Belge Tipi:

Makale

Yayın Tarihi:

10/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001330014

pISSN:

1304-8899

Public expenditure

tax revenue

ınstitutional quality

economic growth

panel cointegrationKamu harcamaları

vergi geliri

kurumsal kalite

ekonomik büyüme

panel eşbütünleşme

Sayı

Makale detayları

Yazarlar: Enes Sarman | Sinem Eyüboğlu

Yayıncı: Cukurova University

Ana Başlıklar: Uluslararası İktisat (Diğer)

Dergi: Çukurova Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Vol.33 Issue 2, pp.919-937

Belge Tipi: Makale

Yayın Tarihi: 10/2024

Belge Dili: Türkçe

Document ID (Org No.): 2001330014

pISSN: 1304-8899

Sayı

Yazarlar:

Enes Sarman | Sinem Eyüboğlu

Yayıncı:

Cukurova University

Ana Başlıklar:

Uluslararası İktisat (Diğer)

Dergi:

Çukurova Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Vol.33 Issue 2, pp.919-937

Belge Tipi:

Makale

Yayın Tarihi:

10/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001330014

pISSN:

1304-8899