The effect of public expenditure on inflation in Turkey
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The effect of public expenditure on inflation in Turkey
Public expenditure is one of the key components of the economy and plays a crucial role in economic growth and development. In Turkey, public expenditure has been a significant driver of the economy and has contributed to the country’s economic growth. However, there has been a debate about the effect of public expenditure on inflation in Turkey. In this essay, we will discuss the effect of public expenditure on inflation in Turkey.
First, it is essential to understand the concept of inflation. Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, the purchasing power of currency is falling. High inflation can have severe effects on the economy, including increased prices, reduced consumer purchasing power, and a decrease in overall economic activity.
One of the primary sources of public expenditure in Turkey is the government’s budget. The government budget includes expenses on areas such as education, healthcare, defense, infrastructure, and social welfare. Increased public expenditure in any of these areas can lead to increased economic activity, which may result in increased demand for goods and services, leading to increased prices, and eventually, inflation.
There is some evidence to suggest that public expenditure can have an inflationary effect in Turkey. For instance, a study conducted by Dedeoğlu and Yılmaz (2015) found that there was a positive relationship between public expenditure and inflation in Turkey between 1990 and 2012. The study showed that an increase in public expenditure led to an increase in inflation, indicating that public expenditure can have an inflationary effect in Turkey.
However, it is essential to note that public expenditure alone may not necessarily lead to inflation. Other factors, such as the state of the economy, the level of competition in the market, and the country’s monetary policy, also play a crucial role in determining the inflation rate. For example, if there is excess capacity in the economy, increased public expenditure may not lead to inflation as producers may be able to meet the increased demand without raising prices.
Another factor that can influence the relationship between public expenditure and inflation is the source of funding for public expenditure. If the government finances its public expenditure through borrowing, it may increase the money supply in the economy, leading to inflation. However, if the government finances its public expenditure through taxation or by reducing other expenditures, it may not have an inflationary effect.
Moreover, the effectiveness of public expenditure in driving economic growth may depend on the quality of spending. Inefficient spending or corruption may lead to waste of resources, increased public debt, and inflation. Therefore, it is essential for the government to prioritize and target its public expenditure in areas that will have the most significant impact on the economy.
In conclusion, public expenditure can have an inflationary effect in Turkey. However, the relationship between public expenditure and inflation is complex and depends on various factors, including the source of funding, the state of the economy, and the quality of spending. To manage inflation effectively, the government needs to ensure that its public expenditure is efficient and targeted towards areas that will have the most significant impact on the economy. Additionally, the government must adopt appropriate monetary policies to control the money supply in the economy, promote competition in the market, and create an environment that supports sustainable economic growth.
The effect of public expenditure on inflation in Turkey
RUBRIC
QUALITY OF RESPONSE |
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POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
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30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
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15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
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7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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