An Analysis of Political and Institutional Power Dispersion: The Case of Turkey
AbstractThis study examines the effects of fragmented governments and fiscal authorities on budget deficits in Turkey along with political business cycle effects. For econometric analysis we will use annual data from the period of 1960-2009. This paper sheds light on various dispersion indices and their use in the field of political power and fiscal performance. The results show that the power dispersion indices of governments and fiscal institutions significantly explain the increases in the ratio of budget deficit to GNP. The paper draws attention to the unification and better coordination of fiscal authorities in Turkey. The analysis has important policy implications for Turkey and other developing countries from the viewpoint of fragmented political and administrative dispersion of power and poor budget performances.
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Bibliographic InfoPaper provided by ERC - Economic Research Center, Middle East Technical University in its series ERC Working Papers with number 1101.
Length: 34 pages
Date of creation: Mar 2011
Date of revision: Mar 2011
Political Business Cycles; Fragmentation and Power Dispersion; Public Budget; Turkey;
Other versions of this item:
- Ibrahim Tutar & Aysit Tansel, 2012. "An Analysis Of Political And Institutional Power Dispersion: The Case Of Turkey," Contemporary Economic Policy, Western Economic Association International, vol. 30(4), pages 548-565, October.
- Ibrahim Tutar & Aysit Tansel, 2011. "An Analysis of Political and Institutional Power Dispersion: The Case of Turkey," Working Papers 2011/5, Turkish Economic Association.
- Ibrahim Tutar & Aysit Tansel, 2011. "An Analysis of Political and Institutional Power Dispersion: The Case of Turkey," KoÃ§ University-TUSIAD Economic Research Forum Working Papers 1112, Koc University-TUSIAD Economic Research Forum.
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
- H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
- C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
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