Fiscal debt management, accumulation and transitional dynamics in a CGE model for Turkey

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dc.citation.epage375en_US
dc.citation.issueNumber2en_US
dc.citation.spage343en_US
dc.citation.volumeNumber19en_US
dc.contributor.authorDiao, X.en_US
dc.contributor.authorRoe, T. L.en_US
dc.contributor.authorYeldan, A. E.en_US
dc.date.accessioned2019-02-12T08:36:52Z
dc.date.available2019-02-12T08:36:52Z
dc.date.issued1998en_US
dc.departmentDepartment of Economicsen_US
dc.departmentDepartment of International Relationsen_US
dc.description.abstractWe use a dynamic general equilibrium model based on intertemporally optimizing agents to study alternative debt management policies for the Turkish economy. The model is based on the neoclassical growth theory in its adjustment to steady state dynamics, and on Walrasian general equilibrium theory of a small open economy in attaining equilibrium in its commodity and factor markets. Key features of the model are its explicit recognition of the distortionary consequences of excessive borrowing requirements of the public sector through increased domestic interest costs; and endogenous determination of the private work force participation decisions in response to changing tax incidences. The model results suggest that reliance on indirect taxes, as in the current stance of the fiscal authority, has appealing results in terms of attaining fiscal targets, yet it suffers from distortionary consequences and loss of economic welfare.en_US
dc.description.provenanceSubmitted by Zeynep Aykut (zeynepay@bilkent.edu.tr) on 2019-02-12T08:36:52Z No. of bitstreams: 1 Fiscal_dept_management_accumulation_and_transitional_dynamics_in_a_CGE_model_for_Turkey.pdf: 1651679 bytes, checksum: 3f8344374aafbd8d565cb669c6918319 (MD5)en
dc.description.provenanceMade available in DSpace on 2019-02-12T08:36:52Z (GMT). No. of bitstreams: 1 Fiscal_dept_management_accumulation_and_transitional_dynamics_in_a_CGE_model_for_Turkey.pdf: 1651679 bytes, checksum: 3f8344374aafbd8d565cb669c6918319 (MD5) Previous issue date: 1998en
dc.identifier.doi10.1080/02255189.1998.9669754en_US
dc.identifier.eissn2158-9100
dc.identifier.issn0225-5189
dc.identifier.urihttp://hdl.handle.net/11693/49302
dc.language.isoEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.isversionofhttps://doi.org/10.1080/02255189.1998.9669754en_US
dc.source.titleCanadian Journal of Development Studiesen_US
dc.subjectDebt managementen_US
dc.subjectGeneral equilibrium theoryen_US
dc.subjectCGE modelen_US
dc.titleFiscal debt management, accumulation and transitional dynamics in a CGE model for Turkeyen_US
dc.typeArticleen_US

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