AN ECONOMETRIC ANALYSIS OF THE INFLATIONARY EFFECTS OF GOVERNMENT EXPENDITURES

Inflation which is one of the most important issues of the economic policy up to present has always been a striking subject in economics literature. Inflation which is a instability indicator for the economical process, has several both economic and social problems like decreasing of production, inc...

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Autores principales:	Taner AKÇACI, Esra KARAPINAR KOCAĞ
Formato:	article
Lenguaje:	DE EN FR TR
Publicado:	Fırat University 2019
Materias:	government expenditures, inflation, johansen co integration, granger causality. Social Sciences H Social sciences (General) H1-99
Acceso en línea:	https://doaj.org/article/918af47b1664419a956f86c7a97cfd04
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spelling	oai:doaj.org-article:918af47b1664419a956f86c7a97cfd042021-11-24T09:21:00ZAN ECONOMETRIC ANALYSIS OF THE INFLATIONARY EFFECTS OF GOVERNMENT EXPENDITURES2148-416310.9761/JASSS1653https://doaj.org/article/918af47b1664419a956f86c7a97cfd042019-08-01T00:00:00Zhttps://jasstudies.com/index.jsp?mod=tammetin&makaleadi=1038989794_01ak%C3%A7ac%C4%B1%20taner-1-18.pdf&key=26873https://doaj.org/toc/2148-4163Inflation which is one of the most important issues of the economic policy up to present has always been a striking subject in economics literature. Inflation which is a instability indicator for the economical process, has several both economic and social problems like decreasing of production, increasing of budget deficit, low level of welfare, troubled income distribution etc. Budget deficit and government expenditures which are parallel to raising share of government as part of the concept of welfare state in economy stand out between monetary and fiscal reasons of inflation. Government expenditures in modern sense are expenditures that satisfy social needs, regulate the social and economic life according to some certain rules. On one hand those expenditures happen in a country, on the other hand there are some policies to fix the inflation in a certain level. The main aim of this study is explicating the effects of government expenditures on inflation in terms of types of expenditures. In this study, Johansen co-integration and Granger causality analysis are applied by using the monthly data, 2006:01-2012:12. As a result, determined that there is a short-run, unidirectional Granger causality from personnel, transfer, good and services expenditures and interest payments to inflation. Correspondingly, there is no granger causality from government capital expenditures to inflation. The causality with government expenditure and inflation is significant statistically in the model which in TÜFE series is dependent in long run.Taner AKÇACIEsra KARAPINAR KOCAĞFırat Universityarticlegovernment expenditures, inflation, johansen cointegration, granger causality.Social SciencesHSocial sciences (General)H1-99DEENFRTRJournal of Academic Social Science Studies , Vol 6, Iss 23, Pp 1-18 (2019)
institution	DOAJ
collection	DOAJ
language	DE EN FR TR
topic	government expenditures, inflation, johansen co integration, granger causality. Social Sciences H Social sciences (General) H1-99
spellingShingle	government expenditures, inflation, johansen co integration, granger causality. Social Sciences H Social sciences (General) H1-99 Taner AKÇACI Esra KARAPINAR KOCAĞ AN ECONOMETRIC ANALYSIS OF THE INFLATIONARY EFFECTS OF GOVERNMENT EXPENDITURES
description	Inflation which is one of the most important issues of the economic policy up to present has always been a striking subject in economics literature. Inflation which is a instability indicator for the economical process, has several both economic and social problems like decreasing of production, increasing of budget deficit, low level of welfare, troubled income distribution etc. Budget deficit and government expenditures which are parallel to raising share of government as part of the concept of welfare state in economy stand out between monetary and fiscal reasons of inflation. Government expenditures in modern sense are expenditures that satisfy social needs, regulate the social and economic life according to some certain rules. On one hand those expenditures happen in a country, on the other hand there are some policies to fix the inflation in a certain level. The main aim of this study is explicating the effects of government expenditures on inflation in terms of types of expenditures. In this study, Johansen co-integration and Granger causality analysis are applied by using the monthly data, 2006:01-2012:12. As a result, determined that there is a short-run, unidirectional Granger causality from personnel, transfer, good and services expenditures and interest payments to inflation. Correspondingly, there is no granger causality from government capital expenditures to inflation. The causality with government expenditure and inflation is significant statistically in the model which in TÜFE series is dependent in long run.
format	article
author	Taner AKÇACI Esra KARAPINAR KOCAĞ
author_facet	Taner AKÇACI Esra KARAPINAR KOCAĞ
author_sort	Taner AKÇACI
title	AN ECONOMETRIC ANALYSIS OF THE INFLATIONARY EFFECTS OF GOVERNMENT EXPENDITURES
title_short	AN ECONOMETRIC ANALYSIS OF THE INFLATIONARY EFFECTS OF GOVERNMENT EXPENDITURES
title_full	AN ECONOMETRIC ANALYSIS OF THE INFLATIONARY EFFECTS OF GOVERNMENT EXPENDITURES
title_fullStr	AN ECONOMETRIC ANALYSIS OF THE INFLATIONARY EFFECTS OF GOVERNMENT EXPENDITURES
title_full_unstemmed	AN ECONOMETRIC ANALYSIS OF THE INFLATIONARY EFFECTS OF GOVERNMENT EXPENDITURES
title_sort	econometric analysis of the inflationary effects of government expenditures
publisher	Fırat University
publishDate	2019
url	https://doaj.org/article/918af47b1664419a956f86c7a97cfd04
work_keys_str_mv	AT tanerakcaci aneconometricanalysisoftheinflationaryeffectsofgovernmentexpenditures AT esrakarapinarkocag aneconometricanalysisoftheinflationaryeffectsofgovernmentexpenditures AT tanerakcaci econometricanalysisoftheinflationaryeffectsofgovernmentexpenditures AT esrakarapinarkocag econometricanalysisoftheinflationaryeffectsofgovernmentexpenditures
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AN ECONOMETRIC ANALYSIS OF THE INFLATIONARY EFFECTS OF GOVERNMENT EXPENDITURES

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