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Economic crisis and consumption: an almost ideal demand system estimation for Turkey with time-varying parameters     
Yazarlar
Dr. Öğr. Üyesi Fethiye Burcu CEYLAN Dr. Öğr. Üyesi Fethiye Burcu CEYLAN
Kırşehir Ahi Evran Üniversitesi, Türkiye
Özet
This paper proposes an alternative approach for analyzing the impacts of economic crises on consumption demand patterns in the absence of household consumption or price data. To do so, an Almost Ideal Demand System (AIDS) which incorporates time dummies corresponding to the periods of economic crises is estimated by using Turkish household final consumption data derived from national accounts. All findings are plausible and coherent with the theoretical framework and show that the crises significantly affect consumption demand patterns in Turkey. The study also reveals tax cuts of 2009 were designed on the basis of economic efficiency, although they were shown to be regressive by Albayrak ([2011. “Finansal Krizde Uygulanan Vergi Politikalarının Gelir Dağilimi Etkileri: 2004-2009.” Ankara Üniversitesi SBF Dergisi 66 (2): 001–034).
Anahtar Kelimeler
almost ideal demand system | consumption | Economic crisis
Makale Türü Özgün Makale
Makale Alt Türü SCOPUS dergilerinde yayımlanan tam makale
Dergi Adı Development Studies Research
Dergi ISSN 2166-5095
Dergi Tarandığı Indeksler SCOPUS
Makale Dili İngilizce
Basım Tarihi 01-2019
Cilt No 6
Sayı 1
Sayfalar 13 / 29
Doi Numarası 10.1080/21665095.2019.1566012
Makale Linki http://dx.doi.org/10.1080/21665095.2019.1566012