Analysis of the Keynesian Saving Function in Turkish Economy: 1985-2021

Authors : Abdüsselam SAĞIN

Pages : 229-244

Doi:10.53306/klujfeas.1341504

View : 35 | Download : 42

Publication Date : 2023-09-29

Article Type : Research Paper

Abstract :The aim of this study is to test the Keynesian savings function for the Turkish economy. To achieve this goal, the fundamental savings function proposed by Keynes was utilized, and data from the years 1985 to 2021 were used for the Turkish economy. The determinants of savings in the model include GDP per capita, income tax rates, deposit interest rates, and inflation rate. The selected variables in the model are in line with the literature. Empirical analysis determined that the most suitable method is the Autoregressive Distributed Lag insert ignore into journalissuearticles values(ARDL); approach. Based on the conducted empirical analysis, an increase in GDP per capita and deposit interest rates leads to an increase in the amount of savings. On the other hand, an increase in tax rates and inflation rate reduces the amount of savings. According to the findings obtained from the study, the Keynesian savings function is applicable to the Turkish economy for the years 1985 to 2021.
Keywords : Keynesyen Tasarruf Modeli, Kişi başına düşen milli gelir, Vergi Oranı, Mevduat Faiz Oranı, Enflasyon Oranı, ARDL Modeli