- Tytuł:
- Growth-maximizing public debt in Turkey: An empirical investigation
- Autorzy:
- Bulus, Gokay Canberk
- Powiązania:
- https://bibliotekanauki.pl/articles/1837949.pdf
- Data publikacji:
- 2020-09-30
- Wydawca:
- Uniwersytet Ekonomiczny w Poznaniu
- Tematy:
-
public debt
economic growth
fiscal rule
Turkish economy - Opis:
- The aim of the paper is to empirically estimate the growth-maximizing debtto-GDP ratio in the case of Turkey. To calculate the growth-maximizing debt-to-GDP ratio FMOLS, DOLS, and CCR estimators are used for the period from 1960–2013. According to the empirical findings the growth-maximizing debt-to-GDP ratio varies between 34.3% and 38.7%. Based on a comparison of these ratios to current data (29.1% for 2018), Turkey has the capacity for additional borrowing to achieve a growthmaximizing debt-to-GDP ratio. If this additional borrowing capacity is used for public investment with a return greater than the interest cost of the additional debt economic growth will be maximized and public debt sustainability supported.
- Źródło:
-
Economics and Business Review; 2020, 6, 3; 68-87
2392-1641 - Pojawia się w:
- Economics and Business Review
- Dostawca treści:
- Biblioteka Nauki
Artykuł