The Impact of Government Size on Output Volatility: Evidence from World Economies
Yıl: 2019 Cilt: 10 Sayı: 4 Sayfa Aralığı: 761 - 776 Metin Dili: İngilizce DOI: 10.20409/berj.2019.199 İndeks Tarihi: 21-01-2020
The Impact of Government Size on Output Volatility: Evidence from World Economies
Öz: One of the most important goals of policy-makers is to achievemacroeconomic stability, which could significantly be affected by output volatility. In aneffort to provide insights with regard to macroeconomic stability, this study aims tomodel the volatility of output by using univariate GARCH models and to examine theimpact of government size on output volatility by using extensive data set from eightdifferent classifications of world economies for the period between 1960 and 2017. Thestudy also employs the Granger Causality Analysis to determine the direction of thisrelationship. The results provide strong evidence for a negative relation betweengovernment size and output volatility. Output volatility is largely dependent on its ownshocks and negatively influenced by outside shock as government size. Moreover,confirming Keynesian Hypothesis, the results show that there is mostly one-waycausality from government size to output volatility. The results are robust in terms ofdifferent classifications of world economies, different measurements of outputvolatility, different methodologies and controlling for the effect of different sets ofexogenous variables.
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Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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| APA | ÖZ YALAMAN G, SEVİNÇ D, SEVİL G (2019). The Impact of Government Size on Output Volatility: Evidence from World Economies. , 761 - 776. 10.20409/berj.2019.199 |
| Chicago | ÖZ YALAMAN GAMZE,SEVİNÇ DENİZ,SEVİL GÜVEN The Impact of Government Size on Output Volatility: Evidence from World Economies. (2019): 761 - 776. 10.20409/berj.2019.199 |
| MLA | ÖZ YALAMAN GAMZE,SEVİNÇ DENİZ,SEVİL GÜVEN The Impact of Government Size on Output Volatility: Evidence from World Economies. , 2019, ss.761 - 776. 10.20409/berj.2019.199 |
| AMA | ÖZ YALAMAN G,SEVİNÇ D,SEVİL G The Impact of Government Size on Output Volatility: Evidence from World Economies. . 2019; 761 - 776. 10.20409/berj.2019.199 |
| Vancouver | ÖZ YALAMAN G,SEVİNÇ D,SEVİL G The Impact of Government Size on Output Volatility: Evidence from World Economies. . 2019; 761 - 776. 10.20409/berj.2019.199 |
| IEEE | ÖZ YALAMAN G,SEVİNÇ D,SEVİL G "The Impact of Government Size on Output Volatility: Evidence from World Economies." , ss.761 - 776, 2019. 10.20409/berj.2019.199 |
| ISNAD | ÖZ YALAMAN, GAMZE vd. "The Impact of Government Size on Output Volatility: Evidence from World Economies". (2019), 761-776. https://doi.org/10.20409/berj.2019.199 |
| APA | ÖZ YALAMAN G, SEVİNÇ D, SEVİL G (2019). The Impact of Government Size on Output Volatility: Evidence from World Economies. Business and Economics Research Journal, 10(4), 761 - 776. 10.20409/berj.2019.199 |
| Chicago | ÖZ YALAMAN GAMZE,SEVİNÇ DENİZ,SEVİL GÜVEN The Impact of Government Size on Output Volatility: Evidence from World Economies. Business and Economics Research Journal 10, no.4 (2019): 761 - 776. 10.20409/berj.2019.199 |
| MLA | ÖZ YALAMAN GAMZE,SEVİNÇ DENİZ,SEVİL GÜVEN The Impact of Government Size on Output Volatility: Evidence from World Economies. Business and Economics Research Journal, vol.10, no.4, 2019, ss.761 - 776. 10.20409/berj.2019.199 |
| AMA | ÖZ YALAMAN G,SEVİNÇ D,SEVİL G The Impact of Government Size on Output Volatility: Evidence from World Economies. Business and Economics Research Journal. 2019; 10(4): 761 - 776. 10.20409/berj.2019.199 |
| Vancouver | ÖZ YALAMAN G,SEVİNÇ D,SEVİL G The Impact of Government Size on Output Volatility: Evidence from World Economies. Business and Economics Research Journal. 2019; 10(4): 761 - 776. 10.20409/berj.2019.199 |
| IEEE | ÖZ YALAMAN G,SEVİNÇ D,SEVİL G "The Impact of Government Size on Output Volatility: Evidence from World Economies." Business and Economics Research Journal, 10, ss.761 - 776, 2019. 10.20409/berj.2019.199 |
| ISNAD | ÖZ YALAMAN, GAMZE vd. "The Impact of Government Size on Output Volatility: Evidence from World Economies". Business and Economics Research Journal 10/4 (2019), 761-776. https://doi.org/10.20409/berj.2019.199 |
