Fiscal Policy Shocks Boost Growth in Turkey, But Effects Vary
The article examines how different types of government spending affect economic growth in Turkey from 2006 to 2015. By analyzing specific components of fiscal policy, the researchers found that only increases in government spending had a positive impact on growth in the short term, following a Keynesian pattern. However, other types of fiscal policy changes showed mixed results, indicating a weaker Keynesian or non-Keynesian effect on growth in Turkey.