Research Article


DOI :10.26650/JEPR1103290   IUP :10.26650/JEPR1103290    Full Text (PDF)

Public Expenditures, Economic Growth and Income Inequality: Empirical Evidence from the Commonwealth of Independent States

Mürşit Recepoğlu

This study has examined the causality relationship between public expenditures, economic growth and income inequality for transition economies called the Commonwealth of Independent States (CIS). In the study, in which the 1998-2019 period was analyzed, the effects of public expenditures on economic growth and income inequality were determined with the bootstrap panel causality test. Bootstrap panel causality test results show that there is a one-way causality relationship from public expenditures to economic growth for Armenia, Belarus, and Kazakhstan. On the other hand, a one-way causality relationship has been determined from public expenditures to income inequality in Belarus and Kazakhstan, and from income inequality to public expenditures in Kyrgyzstan. In Moldova and Russia, however, no causal relationship could be obtained between the variables. The overall evaluation of the findings obtained from the panel causality tests concluded that public expenditures in CIS member countries are closely related to both economic growth and income inequality. CIS member countries need state interventions in order for the market system to fully settle in transition period. However, implementing policies that do not exclude private investments and do not harm the functioning of the market economy should be elaborated during practicing public expenditure policies in these countries in transition.

JEL Classification : H50 , E62 , O40
DOI :10.26650/JEPR1103290   IUP :10.26650/JEPR1103290    Full Text (PDF)

Kamu Harcamaları, Ekonomik Büyüme ve Gelir Eşitsizliği: Bağımsız Devletler Topluluğundan Ampirik Kanıtlar

Mürşit Recepoğlu

Bu çalışma kamu harcamaları, ekonomik büyüme ve gelir eşitsizliği arasındaki nedensellik ilişkisini Bağımsız Devletler Topluluğu (BDT) olarak adlandırılan geçiş ekonomileri için incelemektedir. 1998-2019 döneminin analiz edildiği çalışmada, kamu harcamalarının ekonomik büyüme ve gelir eşitsizliği üzerindeki etkileri bootstrap panel nedensellik testi ile belirlenmiştir. Bootstrap panel nedensellik testi sonuçları, Ermenistan, Belarus ve Kazakistan için kamu harcamalarından ekonomik büyümeye doğru tek yönlü nedensellik ilişkisi olduğunu göstermektedir. Öte yandan Belarus ve Kazakistan’da kamu harcamalarından gelir eşitsizliğine, Kırgızistan’da ise gelir eşitsizliğinden kamu harcamalarına doğru tek yönlü nedensellik ilişkisi tespit edilmiştir. Moldova ve Rusya’da ise değişkenler arasında nedensellik ilişkisi elde edilememiştir. Panel nedensellik testlerinden elde edilen bulgular genel olarak değerlendirildiğinde, BDT üyesi ülkelerde kamu harcamalarının hem ekonomik büyüme hem de gelir eşitsizliği ile yakın ilişkili olduğu sonucuna varılmıştır. Geçiş döneminde piyasa sisteminin tam olarak oturması için BDT üyesi ülkeler, devlet müdahalelerine ihtiyaç duymaktadır. Ancak geçiş sürecindeki bu ülkelerde kamu harcama politikalarının uygulanması sırasında özel yatırımları dışlamayan ve piyasa ekonomisinin işleyişine zarar vermeyen politikaların uygulanmasına özen gösterilmelidir.

JEL Classification : H50 , E62 , O40

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APA

Recepoğlu, M. (2022). Public Expenditures, Economic Growth and Income Inequality: Empirical Evidence from the Commonwealth of Independent States. Journal of Economic Policy Researches, 9(2), 293-314. https://doi.org/10.26650/JEPR1103290


AMA

Recepoğlu M. Public Expenditures, Economic Growth and Income Inequality: Empirical Evidence from the Commonwealth of Independent States. Journal of Economic Policy Researches. 2022;9(2):293-314. https://doi.org/10.26650/JEPR1103290


ABNT

Recepoğlu, M. Public Expenditures, Economic Growth and Income Inequality: Empirical Evidence from the Commonwealth of Independent States. Journal of Economic Policy Researches, [Publisher Location], v. 9, n. 2, p. 293-314, 2022.


Chicago: Author-Date Style

Recepoğlu, Mürşit,. 2022. “Public Expenditures, Economic Growth and Income Inequality: Empirical Evidence from the Commonwealth of Independent States.” Journal of Economic Policy Researches 9, no. 2: 293-314. https://doi.org/10.26650/JEPR1103290


Chicago: Humanities Style

Recepoğlu, Mürşit,. Public Expenditures, Economic Growth and Income Inequality: Empirical Evidence from the Commonwealth of Independent States.” Journal of Economic Policy Researches 9, no. 2 (Aug. 2022): 293-314. https://doi.org/10.26650/JEPR1103290


Harvard: Australian Style

Recepoğlu, M 2022, 'Public Expenditures, Economic Growth and Income Inequality: Empirical Evidence from the Commonwealth of Independent States', Journal of Economic Policy Researches, vol. 9, no. 2, pp. 293-314, viewed 17 Aug. 2022, https://doi.org/10.26650/JEPR1103290


Harvard: Author-Date Style

Recepoğlu, M. (2022) ‘Public Expenditures, Economic Growth and Income Inequality: Empirical Evidence from the Commonwealth of Independent States’, Journal of Economic Policy Researches, 9(2), pp. 293-314. https://doi.org/10.26650/JEPR1103290 (17 Aug. 2022).


MLA

Recepoğlu, Mürşit,. Public Expenditures, Economic Growth and Income Inequality: Empirical Evidence from the Commonwealth of Independent States.” Journal of Economic Policy Researches, vol. 9, no. 2, 2022, pp. 293-314. [Database Container], https://doi.org/10.26650/JEPR1103290


Vancouver

Recepoğlu M. Public Expenditures, Economic Growth and Income Inequality: Empirical Evidence from the Commonwealth of Independent States. Journal of Economic Policy Researches [Internet]. 17 Aug. 2022 [cited 17 Aug. 2022];9(2):293-314. Available from: https://doi.org/10.26650/JEPR1103290 doi: 10.26650/JEPR1103290


ISNAD

Recepoğlu, Mürşit. Public Expenditures, Economic Growth and Income Inequality: Empirical Evidence from the Commonwealth of Independent States”. Journal of Economic Policy Researches 9/2 (Aug. 2022): 293-314. https://doi.org/10.26650/JEPR1103290



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Submitted14.04.2022
Accepted05.06.2022
Published Online29.07.2022

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