Title: TÜRKİYE’DE FIRSATÇI VE PARTİZAN POLİTİK KONJONKTÜREL DALGALANMALAR: 1950-2010
Abstract:The Theory of Political Business Cycles (PBC) suggests that policy makers taking part in political decision-making process cause cycles on economic variables.This paper analyzes PBC according to oppor...The Theory of Political Business Cycles (PBC) suggests that policy makers taking part in political decision-making process cause cycles on economic variables.This paper analyzes PBC according to opportunistic and partisan models in Turkey.The autoregressive integrated moving average method is used to determine whether there is a political deviation in the course of public spending between 1950 and 2010.The emprical results show that opportunistic and partisan political business cycles are valid in Turkey.However the evidence related to partisan model is not clear.Read More