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Purpose – This study aims to examine the effects of energy consumption on economic growth by means of a panel data analysis of 75 net energy-importing countries for the period 1990 to 2012.
Design/methodology/approach – For the purpose of the analysis, the countries are classified into two groups, and each group is then classified into subgroups. The first group is formed based on the energy import dependence of the countries and is classified into two subgroups according to whether their dependence is greater than or less than 50 per cent. The second group is formed based on the income level ...More
After the collapse oi Soviet Union the membercountries was accompanied by economic and political crises. Each country has chosen own monetary and fiscal policy considering the economic situation. Even though that their economic situation is similar, Kyrgyzstan and Tajikistan are pursuing opposite fiscal policy. More precisely, Kyrgyzstan in recent years has changed its fiscal policy towards expansionary policy, when Tajikistan is continuing contractionary policy. This paper analyses the long and the short-run causality relationships between government expenditure and economic growth in Kyrgyzs ...More
Wagner kanununa göre ekonomik büyüme ile kamu harcamaları arasında tek yönlü bir ilişki bulunmaktadır. Milli gelirin artması kamu harcamalarının daha büyük bir oranda artmasına neden olacaktır. Diğer bir ifadeyle, ülkede ortaya çıkan sosyal ve ekonomik gelişme birlikte kişilerin kamusal mallara olan talebi de artmakta, bu da kamu harcamalarının milli gelirin artış hızından daha da yüksek oranda artması ile sonuçlanmaktadır.
Bu çalışmada Kırgızistan’da ekonomik büyüme ile kamu harcamaları arasındaki uzun dönemli ilişki ve nedensellik incelenmiştir. ARDL ve Hata Düzeltme modelleri yardımıyla ...More