The Effect of Public Expenditures on Human Development in OECDCountries:Panel Data Analysis

YAYLA Y. E., SASMAZ M. U.

Maliye Dergisi, vol.0, no.178, pp.180-198, 2020 (ESCI) identifier

  • Publication Type: Article / Article
  • Volume: 0 Issue: 178
  • Publication Date: 2020
  • Journal Name: Maliye Dergisi
  • Journal Indexes: Emerging Sources Citation Index (ESCI), TR DİZİN (ULAKBİM)
  • Page Numbers: pp.180-198
  • Uşak University Affiliated: Yes

Abstract

Public expenditures can have many economic and social impacts as they cover various expenditures. In this study, the effect of public expenditures on human development in 26 OECD countries in the period of 1995-2017 is investigated by panel data analysis method. In the study, according to Dumitrescu and Hurlin (2012) test results, one-way causality relationship from human development to public expenditures is determined. On the other hand, according to Kónya (2006) panel bootstrap causality test, the causality relationship is determined in 3 countries from public expenditures to human development and in 4 countries from human development to public expenditures. According to Kónya (2006) causality test, 4 out of 7 relationships are negative and 3 are positive.
Kamu harcamalar, ülke içerisine yaplan çeúitli harcamalar kapsad÷ için ekonomik ve sosyal anlamda birçok etkilere neden olabilmektedir. Bu çalúmada, 26 OECD ülkesinde 1995-2017 döneminde kamu harcamalarnn insani geliúme üzerindeki etkisi panel veri analizi yöntemiyle araútrlmútr. Çalúmada; Dumitrescu ve Hurlin (2012) test sonuçlarna göre insani geliúmeden kamu harcamalarna do÷ru tek yönlü nedensellik iliúkisi tespit edilmiútir. Di÷er yandan; Kónya (2006) panel bootstrap nedensellik testinin sonucuna göre; kamu harcamalarndan insani geliúmeye do÷ru üç ülkede, insani geliúmeden kamu harcamalarna do÷ru dört ülkede nedensellik iliúkisi belirlenmiútir. Kónya (2006) nedensellik testi sonucuna göre; çkan toplam yedi iliúkinin dördünün negatif yönlü, üçünün ise pozitif yönlü oldu÷u bulunmuútur.