An Empirical Analysis of Relation between Debts Service and Public Revenue and Public Expenditures: The Turkish Case
Karaelmas University - Department of Public Finance
Zonguldak Karaelmas University
Ankara Üniversitesi SBF Dergisi, Vol. 60, No. 2, pp. 29-48, 2005
As an alternative to tax, borrowing is more often applied as a fiscal tool to finance public expenditures and take precautions against socio-economics conditions of economy. However, in the case of borrowing it has necessary effects on economy during the period of debt servicing. Since, borrowing is frequently applied tool in Turkey, this study analyzes its effects on public expenditures and revenues. The findings based on the period of 1980-2003 show that there is statistically significant and same way relation between debt servicing and public revenues. Considering public expenditures, it is, however, found statistically insignificant but reverse relation between debt servicing and public expenditures.
Note: Downloadable document is in Turkish.
Number of Pages in PDF File: 20
Keywords: Debt Service, Public Spending, Public Revenue, Borrowing, Turkey
JEL Classification: H63, H74Accepted Paper Series
Date posted: July 7, 2009
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