Browsing by Subject "Budget deficits--Turkey."

Now showing 1 - 2 of 2

Open Access
Application of the twin-deficits hypothesis to the Turkish case
(1993) Yılmaz, Alper
This study detects the twin-deficits hypothesis, the mutual effects of government budget deficits and merchandise trade deficits on each other through real interest rates and real effective exchange rates, in the Turkish economy. One-sided Granger causality analysis and Ordinary Least Squares (OLS) regressions for multivariate analysis for each are used for 1987-92 monthly data. The government budget deficits are found to affect trade deficits not directly, but through the mechanism over real interest rates and real effective exchange rates. Nevertheless, the merchandise trade deficits seem to affect budget deficits directly.
Open Access
A comparison of the policy effectiveness of parliamentary and presidential systems in reducing budget deficits
(1997) Sağlam, Hüseyin Çağrı
Political institutions, affect the policymaking capabilities o f the government. These capabilities influence the governments’ ability to make strategic policy choices that will help them in reaching their policy objectives. One o f the most important choice o f political institutions is the system o f government, that is, whether it is parliamentary or presidential. This thesis discusses how the choice of system o f government affects the ability o f reaching the policy objective of reducing budget deficit. It examines the decisionmaking attributes of the two systems and the impact o f these attributes on specific capabilities required to reduce budget deficits, namely, “ability to set and maintain priorities among many conflicting demands”, “ability to impose losses on powerful groups”, and “ability to allocate resources effectively”.