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Testing the Existence of Ricardian or Non-Ricardian Regimes for CIS Countries

Author

Listed:
  • Gulcin Guresci PEHLIVAN

    (Dokuz Eylul University, Izmir, Turkey)

  • Esra BALLI

    (Cukurova University, Adana, Turkey)

Abstract

It is important to determine the dominant fiscal regime in a country group for policy prevision. This paper examines whether the Ricardian fiscal regime or non-Ricardian fiscal regime is dominant in the Common Wealth of Independent States (CIS). We attempted to show that CIS’ behavior after the debt stock increase. Using panel data method, this paper finds that Ricardian regime dominates in Kyrgyz Republic, Russian Federation, Tajikistan, Uzbekistan, Moldova and Turkmenistan’s fiscal policies.

Suggested Citation

  • Gulcin Guresci PEHLIVAN & Esra BALLI, 2016. "Testing the Existence of Ricardian or Non-Ricardian Regimes for CIS Countries," Expert Journal of Economics, Sprint Investify, vol. 4(1), pages 9-13.
    • Handle: RePEc:exp:econcs:v:4:y:2016:i:1:p:9-13
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    References listed on IDEAS

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    Cited by:

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    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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