Political Geography: Asia / Topic: Budget

Author:: Fuat Sekmen and Unsal Ozan Kahraman
Publication Date:: 12-2012
Content Type:: Journal Article
Journal:: Bilgi
Institution:: Değişim Yayınları
Abstract:: This study deals with the relationship between the current account deficit and the budget deficit in Turkey. Artificial Neural Networks are employed to investigate this relationship. According to the results of the application the twin deficits hypothesis which indicates a positive correlation between the two deficits isn’t valid in Turkey. As this paper tries to analyze the factors accounting for the absence of this kind of correlation, it develops a flexible understanding which doesn’t refuse a hypothesis or a theory (the twin deficits hypothesis) completely, on the contrary, emphasizes the importance of investigating the conditions in which a hypothesis, theory or a model is valid.
Topic:: Economics, Budget, Finance, and Deficit
Political Geography:: Europe, Turkey, and Asia

Author:: Ian Hawkesworth, Daniel Bergvall, and Dirk-Jan Kraan
Publication Date:: 10-2007
Content Type:: Working Paper
Institution:: The Organisation for Economic Co-operation and Development
Abstract:: The Turkish budget process has three features which set it apart from other OECD countries: a centralised yet fragmented decision-making process; the IMF stand-by agreement as a de facto fiscal rule; and a very detailed line-item classification. This article analyses these features and makes suggestions for policy adjustment to improve effectiveness and efficiency. The article examines all stages of the budget process (preparation, parliamentary approval, execution, and accounting and auditing) and assesses Turkey’s recent rapid progress with reform. The article offers suggestions for next steps and new priorities for Turkey in the light of other OECD country experience.
Topic:: Governance, Budget, and Fiscal Policy
Political Geography:: Europe, Turkey, and Asia

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