Election and economy link in Turkey in the light of political business cycle theory

In this study, it has been explored whether there exists any political business cycle on general government expenditure, which is considered as a fiscal indicator, in the period of elections in Turkey by applying to the political business cycle theory. In line with this purpose, the data set for the period 1999-2018 has been used and estimations are obtained by taking advantage of time series methodology. While investigating the stationary of the series with augmented Dickey-Fuller method, the long term relationship is analyzed with autoregressive distributed lag co-integration method. To the findings, general government expenditures do not increase election times in the short run, but there exists a link between variables in the long run.