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  • Is Fiscal Policy Sustainable in Turkey? 

    Authors:Ucal, Meltem Şengün; Alici, Asli
    Publisher and Date:(M.E Sharpe Inc., 2010)
    The issue of the budget deficit has become one of the main themes of the economic policy implemented in Turkey and backed by the International Monetary Fund (IMF) following the economic crisis of 2001. The main motivation for this study is the question of whether or not the government's financial policy is sustainable and satisfies the government's long-term budget constraint. The empirical analysis is based on tests of whether government expenditure and revenue are cointegrated considering the ...