Abstract
The primary purpose of this paper is to reexamine empirically the sustainability of fiscal policy in Turkey and to identify whether it is strong or weak for the 1975–2012 period. In the paper, we followed the model of Hakkio and Rush (1991) along with its developed version by Quintos (1995). Unlike a large number of previous studies, in this paper we attempted to examine decomposed effects of government expenditure and government revenue on fiscal sustainability by considering functional components. The empirical findings of the paper supported the findings of most previous studies on fiscal sustainability in Turkey and revealed that the sustainability of fiscal policy was quite weak in Turkey in the long–run.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
