What is it about?
This study examines the effects of fragmented governments and fiscal authorities on budget deficits in Turkey. Political business cycle effects are also examined. For econometric analysis we use annual data from the period 1960 to 2009. This article sheds light on various dispersion indices and their use in the field of political power and fiscal performance. The results show that the power dispersion indices of governments and fiscal institutions significantly explain the increases in the ratio of budget deficit to gross national product. (
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Why is it important?
The article draws attention to the unification and better coordination of fiscal authorities in Turkey. The analysis has important policy implications for Turkey and other developing countries from the viewpoint of fragmented political and administrative dispersion of power and poor budget performances.
Perspectives
Proper budget performance is important from the point of view of the governments. This article demonstrates that unification of political power and administrative structure is important for proper national budget performance.
Professor Aysit - Tansel
Middle East Technical University
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This page is a summary of: AN ANALYSIS OF POLITICAL AND INSTITUTIONAL POWER DISPERSION: THE CASE OF TURKEY, Contemporary Economic Policy, July 2011, Wiley,
DOI: 10.1111/j.1465-7287.2011.00273.x.
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