Hüseyin Şen

Mali Konsolidasyon Büyüme ve İstihdam için Bir Çıpa mı, Mali Tuzak mı? Teorik ve Ampirik Literatür Temelli Bir Analiz

This study undertakes a topic, which stands at an important issue of many countries’ economic agenda from the viewpoint of growth and employment; in the light of existing theoretical as well as empirical studies in this regard, the study aims to review with regard to the effect of fiscal consolidation on growth and employment. The study reveals that there is no consensus in the existing theoretical and empirical literature as to whether fiscal consolidation is an anchor or a fiscal trap for growth and employment but a fiscal consolidation programme that is put into practice in a sluggish growth environment increases the risk of the fiscal trap.

Ekonomik Krizlerin Değişmeyen İmdatçısı: Maliye Politikası

Bu calisma, her kuresel olcekli ekonomik krizle birlikte imdatci olarak gundeme gelen maliye politikasini ve bu politikanin krizlerle mucadeledeki rolunu tarihsel bir perspektif cercevesinde ele alip; degerlendirmeyi ve ileriye yonelik politika onerileri sunmayi amaclamaktadir.

The Role of Taxes as an Automatic Stabilizer: Evidence from Turkey

The purpose of this study was to empirically investigate the interactions between various taxes and GDP, and to detect whether taxes function as an automatic stabilizer in Turkey. Firstly, when using a time series unit-root test as proposed by Dickey-Fuller (1979), econometric findings revealed that taxes and level of GDP are not static. Secondly, upon employing cointegration designed by Johansen (1988), it was found that GDP and taxes are cointegrated. Thirdly, the Granger (1969) causality test showed that a uni-directional causality exists among taxes, and the causal relationship is between GDP to SCT, and from VAT and CIT to GDP. On the other hand, there was a bi-directional causality between GDP and PIT. Empirical findings showed that personal income tax is the most effective tax in stabilizing business cycle fluctuations. Corporate income tax is also important.