Logo


BUSINESS AND ECONOMICS RESEARCH JOURNAL

Language
LogoEnglish
LogoTürkçe
 
Article Information
Journal: Business and Economics Research Journal
Title of Article: Sustainability of Social Security Policies in Turkey: Cointegration Analysis with Multiple Structural Breaks
Author(s): Halim Tatlı, İsmet Göçer
Volume: 6
Number: 3
Year: 2015
Page: 87-111
ISSN: 1309-2448
Abstract
In this study, sustainability of social security policies in Turkey was analyzed by using 1989-2013 period annual data and 2007:M01-2014:M05 monthly data from by means of unit root test with multiple structural breaks of Carrion-i-Silvestre (2009) and cointegration test with multiple structural breaks of Maki (2012) and it was determined that there is a cointegration relationship between the series. Long-term cointegration coefficients were estimated by FMOLS and it was found that social security policies are sustainable in the weak form in Turkey. It was found that around 70% within 1989-2013 period and around 78% within 2007-2014 period of social security expenditures were met by income of social security institute. It was seen that sustainability of social security system has slightly improved in recent years.
Keywords: Social security system, sustainability, multiple structural break analysis
JEL Classification: H55, I18, P23

http://www.berjournal.com/wp-content/plugins/downloads-manager/img/icons/pdf.gif Full Text

User Log in

Username

Password

  

Remember Me

Register
Lost Password ?