Yazar "Belke, Murat" seçeneğine göre listele
Listeleniyor 1 - 5 / 5
Sayfa Başına Sonuç
Sıralama seçenekleri
Öğe Fiscal assessment in the tax-spending nexus: A tale of central and eastern european countries(Vysoka Skola Ekonomicka & Praze, 2015) Bolat, Süleyman; Belke, Murat; Sedmihradska, LThe purpose of this paper is to investigate the relationship in the government spending and taxes nexus in Central and Eastern European (CEE) countries in the period 1999Q1-2014Q1. Empirical test results show the validity of "tax-spend hypothesis" for Slovenia, the "spend-tax hypothesis" for Estonia, Latvia, and Slovakia, the "fiscal synchronization hypothesis" for Romania and Bulgaria. Finally, there are no causality relationship between taxes and spending for Czech Republic, Hungary, Lithuania, and Poland even at the 10% significance level. After Eurozone crisis, it is vital for controlling the excessive imbalances in the budget deficits. We indicate that the main policy implication is essential to reduce the public spending to continue the balance of public finance.Öğe Hysteresis hypothesis vs. structuralist view in Canada: a new test for the sharp break and smooth shift(Academy of Economic Studies, 2021) Bolat, Süleyman; Belke, Murat; Omay, TolgaWe have investigated the hysteresis hypothesis using a newly proposed unit root test which considers both sharp breaks and smooth shifts in its testing process for Canada during the period 1960-2019 in this study. The so-called unit root test allows researchers control for sharp breaks such as crises, smooth shifts such as nonlinearities, simultaneously. In proposing this highly complex trend structure, we are also proposing a new way for the macroeconomic theorist to model the unemployment rate following the structuralist view. It takes into account the structural breaks and possible nonlinearities as form of smooth shifts which leads to a new form of structuralist view. The empirical results display that the unemployment rates in Canada follow a non-hysteresis path under the presence of sharp and smooth structural breaks.Öğe Mali açık - cari işlemler dengesi etkileşimi: Seçilmiş avrupa birliği ülkeleri için nedensellik yaklaşımı(Cumhuriyet Üniversitesi, 2015) Belke, Murat; Bolat, Süleyman; Kovacı, SüreyyaÇalışma, bütçe açığı ve cari işlemler dengesi arasındaki ilişkiyi seçilmiş 9 Avrupa Birliği ülkesinde Kónya (2006) tarafından geliştirilen panel Granger nedensellik analizi ile test etmektedir. Analizde kullanılan ekonometrik yöntem yatay kesit bağımlılığını dikkate almaktadır. Yatay kesit bağımlılığı altında panel Granger testi sonuçları, bütçe açıklarından cari işlemler açığına yönelik tek yönlü nedenselliğin varlığını ileri süren İkiz Açık Hipotezi'nin Avusturya, İtalya, Portekiz ve İspanya ekonomileri için geçerli olduğunu göstermektedir. Bütçe ve cari işlemler dengesi arasında nedensel bir ilişkinin olmadığını gösteren Ricardocu yaklaşım ise Belçika, Finlandiya ve Fransa için desteklenmiştir. Sonuçlar, yalnızca İrlanda ekonomisi için cari işlemler dengesi ile bütçe dengesi arasında karşılıklı nedensellik öngörürken, Yunanistan'da cari işlemler dengesinden bütçe dengesine doğru bir nedensellik vardır.Öğe The dynamic linkages of budget deficits and current account deficits nexus in EU countries: Bootstrap panel Granger causality test(International Economic Society, 2014) Bolat, Süleyman; Emirmahmutoğlu, Furkan; Belke, MuratThe aim of this study is to test the relationship between budget deficit and current account deficit for EU-27 countries over the period 2002Q1-2013Q4 using different panel bootstrap causality test. For this analysis, we employed a method developed by Emirmahmutoglu and Kose (2011), which is based on the estimation of the panel model with bootstrapping critical values. We found strong empirical support for bidirectional causality between budget deficit and current account deficit for Belgium, Czech Republic, Denmark, Estonia, Germany, Italy, Spain, and UK, pointing as twin deficit hypothesis supported by Keynesian view. In addition the main results, we found that there is no relationship between budget deficit and current account deficit for 9 EU countries: Austria, France, Hungary, Ireland, Luxembourg, Netherlands, Poland, Portugal, and Romania, indicating support for the Ricardian Equivalence Hypothesis. © 2014, International Economic SocietyÖğe The impact of tourism on the economic growth in the mediterranean countries: evidences from hidden panel cointegration test(Mehmet Akif Ersoy University, 2021) Belke, Murat; Bolat, Süleyman; Hatemi-J, AbdulnasserOur main objective is to test for the potential asymmetric interaction between economic growth and tourism sector for a panel consisting of fourteen Mediterranean countries that covers the sample period 1995-2017 using hidden panel cointegration and asymmetric panel causality tests as developed by Hatemi-J (2020a; 2020b). The hidden panel cointegration test results show that there is a significant long-term relationship between the development of tourism sector and economic growth in terms of both negative and positive components. Elasticity findings indicate that economic growth is more sensitive to the increase in tourism revenues (positive shocks) than to the decrease in tourism revenues (negative shocks). In addition, the panel asymmetric causality test results show that there is no causal relationship between the negative components, and uni-directional causal relationship from the tourism sector to economic growth between the positive components. Causality test results support the tourism-led growth hypothesis. Tax advantages, subsidies and other advantageous policies contributing to the development of the tourism sector can increase the contribution of the tourism to economic growth. The findings emphasize that asymmetric effects should be taken into account in the relationship between the tourism sector and economic growth, and the tourism sector policies in these countries should be reconsidered in terms of regional disparity.
