Generational Accounting in Turkey

Generational Accounting, developed by Auerbach, Gokhale and Kotlikoff (1991), is an alternative and dynamic method employed in measuring the impact of existing fiscal policies on current and future generations. In contrast to the traditional and static measures of fiscal sustainability, the Generational Accounting method reveals the intergenerational distribution of tax burden and helps identify the policies that can alleviate the generational imbalance. This paper constructs and presents the first set of generational accounts for Turkey in an attempt to measure the generational gap and compare the Turkish intergenerational fiscal outlook with a number of developed and developing countries. Findings in the paper suggest that a 24.3% fiscal imbalance will be to the detriment of future generations in Turkey. Several hypothetical policy experiments have been implemented in the paper to correct the generational balance in Turkey.
Boğaziçi Journal


Generational Accounting in Turkey
Hacıibrahimoğlu, Damla; Derin Güre, Pınar; Department of Economics (2012)
Generational Accounting (GA), developed by Auerbach. Gokhale and Kotlikoff (1991) is an alternative and dynamic method employed in measuring the impact of existing fiscal policies on current and future generations. The method is based on the government’s intertemporal budget constraint which principally requires that the present value of current and future generations’ net tax payments plus the existing net wealth be sufficient enough to cover for government’s future consumption. In contrast to the traditio...
Fiscal Sustainability in Europe (FISCSUST)
Parmaksız, Ömer Kağan; Dikmen Toker, İrem(2015-11-30)
The purpose of this research project is to develop a new theoretical framework in evaluating the sustainability of fiscal policy and evolution of debt with particular emphasis on recent European experience. Fiscal or debt sustainability in literature in its most stylized form is defined as satisfying an inter-temporal budget constraint. Although it serves as a useful benchmark lower bound based on 'ability' to pay, this is a very crude approach due to its disregard of many interesting dynamics economic and ...
Redistribution of power and status through public finance: the case of Turkey (1980-2003)
Cangöz, M. Coşkun; Şen, Mustafa; Department of Sociology (2009)
This dissertation explores whether fiscal policies can be used as a means of redistribution of power and status, and the ways of transferring state’s economic power to social groups. In this regard, state budget is recognized as the main tool for the execution of redistributive policies of the governments. In this framework, this study investigates how budget was employed to change power balance of social groups during the period of 1980-2003, in Turkey. In order to measure the changing power balances budge...
Investment climate parameters in transition economies : the case of Russia
Nikitin, Sergei; Özveren, Eyüp; Department of Economics (2003)
This thesis incorporates institutional definition of the economies in transition into the economic analysis of the investment variable. Probability environment of the real world is another point of analysis. Decision-making framework is analyzed and incorporated into analysis as well. Thesis tries to answer questions such as: Why same projects are treated differently in different circumstances. Finally the Russian experience is investigated and used to prove hypothesis about investment climate parameters an...
Demand following or supply leading? A panel data analysis for developed, developing, and less developed countries
Akıncı, Gönül Yüce; Akıncı, Merter; Yılmaz, Ömer (Orta Doğu Teknik Üniversitesi (Ankara, Turkey), 2013-12-1)
In this paper, the linkages between financial development and economic growth in developed, developing and less developed countries are investigated using unbalanced panel cointegration and causality analysis in the period of 1980 – 2011. The results of the Pedroni cointegration analysis show the existence of cointegration relations between financial development and economic growth for whole country groups, but Kao cointegration analysis indicates the long – run relationship between the related variables fo...
Citation Formats
P. Derin Güre, “Generational Accounting in Turkey,” Boğaziçi Journal, pp. 1–26, 2015, Accessed: 00, 2020. [Online]. Available: