Political Business Cycle on the Agricultural Supports in Turkey
This study investigates whether there is a political business cycle (PBC) on the agricultural supports in the Turkish economy. In this respect, we investigate the policies of different Turkish governments for the agricultural supports measured by the producer support estimates for the period 1986...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Ala-Too International University
2015-05-01
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| Series: | Eurasian Journal of Business and Economics |
| Subjects: | |
| Online Access: | http://www.ejbe.org/EJBE2015Vol08No15p167ONEMLI-KORKMAZ.pdf |
| Summary: | This study investigates whether there is a political business cycle (PBC) on the
agricultural supports in the Turkish economy. In this respect, we investigate the
policies of different Turkish governments for the agricultural supports measured by
the producer support estimates for the period 1986-2011. To this end, first the
series for the producer support estimates are filtered by the Hodrick-Prescott filter,
and then an econometric model is employed to estimate the effects of a set of
explanatory variables including the economic crisis, the opportunistic and the
partisan characteristics of the incumbent parties. Our results provide limited
support for the opportunistic type PBC. Moreover, it seems that some Turkish
governments have created the partisanship type PBCs |
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| ISSN: | 1694-5948 1694-5972 |