Evaluation of economic policies applied in Turkey during economic crisis (1980-2022)

In our age, the economic behavior, attitudes, traditions, commercial activities of the state and individuals, and the economic order created by the legal rules governing these activities and the level of technology enable them to meet human needs. The economic order operates and production is carried out through one of the capitalist (market), collectivist (public) or mixed economic systems. However, although countries use the same economic system, production levels can be different. Industrialized countries, which are called developed, have more production capacity and higher per capita income. The main reason for this situation is the natural resources, physical and human capital and technology level that countries have in different amounts. Although monetary and fiscal policies are discussed in different economic approaches, the main debate between these approaches is on fiscal policy. Studies have reported that the effects of fiscal policies on economic development are different. In this study, the effect of expansionary economic policy on economic growth in Turkey was examined.