Sürdürülebilir Kalkınma Amaçları

• 1

• MakaleAçık Erişim2026/r/bayburt/16063
  The Impact of Public Debt on Economic Growth in Türkiye and PIIGS Countries

  Yıldız, Ümit; Bayhan, Semiha

  In economies, borrowing may be resorted to in case of insufficient tax and tax-like revenues in financing public expenditures. In this respect, public debts are essential for financing growth and development. The effects of public debts, among the natural income sources of economies, on economic growth are intensely discussed today. The relationship between public debt and economic growth is important, especially in developing countries and relatively fragile economies where savings are insufficient to finance investments. This study aims to reveal the effects of public debt on economic growth in Portugal, Ireland, Italy, Greece, and Spain (PIIGS), which are considered the fragile economies of the Eurozone, and also in Türkiye. For this purpose, the study's findings, which analyze the panel data of the relevant countries for the period 1998-2022, basically conclude that public debt positively affects economic growth in Türkiye and PIIGS countries. These findings emphasize the importance of accurately formulating public borrowing policies and implementing appropriate strategies for economic growth in the relevant countries.

  • 
  İncele
• MakaleYalnız künye2021/r/bayburt/16759
  Frequency domain causality analysis of the relationship between the exchange rate and cds for turkey

  Yıldız, Ümit; Bayhan, Semiha; Kömür, Selin

  In this study, the causality relationship between the exchange rate and CDS is examined for\rTurkey. In the study, the causality relationship in question is tested as short, medium and\rlong term with the help of frequency domain causality approach. In the study in which daily\r5 years CDS for the period 11/03/2020-14/04/2021 and daily data of exchange rate of USA\rDollar representing the exchange rate are analyzed, a causal relationship is determined from\rthe exchange rate to CDS at low frequencies, in other words, a long-term causality\rrelationship is determined. However, no causality relationship was found from CDS to\rexchange rate in any term. The results basically imply that in the long run, the exchange rate\rof USA Dollar has an impact on CDS representing the country risk, in other words, the\rchanges in the exchange rate affect risk perception about Turkey in the long run.

  AtıfTR Dizin7

  İncele