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Journals / Finans Politik ve Ekonomik Yorumlar Dergisi / 2011 / Cilt: 48 - Sayı: 558

The Effects of Economic Growth and Energy Import on Current Account Balance of Turkey: An Analysis of 2003–2010 Period

Türkiye’nin Cari İşlemler Bilançosu Açığı Üzerinde Enerji İthalatı ve İktisadi Büyümenin Etkisi: 2003– 2010 Dönemi Üzerine Bir Analiz

ADEM ÜZÜMCÜ
SELİM BAŞAR
Pages
5–22
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

In this study, a negative relationship was found that between current account deficits with economic growth and energy import

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Today, it has been a generally consensus that remained behind on negative effects of 2008 global crisis in Turkish economy.
📊
Key Findings & Data:Although positive macroeconomic indicators, such as declining unemployment, rising industrial production, increasing capacity utilization rate and economic growth, current account deficits of Turkey was disrupting positively view of Turkish economy.
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Conclusion & Impact:In this study, a negative relationship was found that between current account deficits with economic growth and energy import
🔬Design:Research Article
📍Scope:2008 Verileri
⚙️Variables:Domain Parameters

Abstract

Today, it has been a generally consensus that remained behind on negative effects of 2008 global crisis in Turkish economy. Although positive macroeconomic indicators, such as declining unemployment, rising industrial production, increasing capacity utilization rate and economic growth, current account deficits of Turkey was disrupting positively view of Turkish economy. Among the determinants of current account deficits are noted many factors such as growth rates, exchange rate appreciation, high external debt level, savings-investment imbalance, budget deficits and energy import. In this study, using quarterly-annual data, effects of economic growth and energy import on the current account deficits of Turkey analyzed for 2003-2010 periods. As Turkey’s energy import (according to the foreign trade classification by harmonized system) chapter 27 (mineral fuels and mineral oils) has been evaluated. In this study, a negative relationship was found that between current account deficits with economic growth and energy import

Özet

Günümüzde Türkiye ekonomisinde 2008 küresel ekonomik krizinin olumsuz etkilerinin atlatildiği noktasinda genel bir uzlaşi bulunmaktadir. Ancak, işsizliğin azalmasi, sanayi üretimi ve kapasite kullanim oranlarinin yükselmesi ve ekonomik büyüme sürecine yeniden girilmesi gibi olumlu makro ekonomik göstergelere rağmen cari işlemler bilançosu açiklarinin artmasi, Türkiye ekonomisinin pozitif görünümünü bozmaktadir. Cari işlemler bilançosunun açiklarinin belirleyicileri arasinda, büyüme oranlari, döviz kurunun değerlenmesi, yüksek diş borç düzeyi, tasarruf-yatirim dengesizliği, bütçe açiklari ve enerji ithalati gibi birçok faktör belirtilmektedir. Bu çalişmada, Türkiye'de 2003-2010 döneminde iktisadi büyüme ile enerji ithalatinin cari işlemler bilançosu açiklari üzerindeki etkisi belirtilen döneme ait çeyrek yillik veriler itibariyla analiz edilmiştir. Türkiye'nin enerji ithalati bağlaminda fasillar itibariyla harmonize sistem diş ticaret siniflamasina göre 27 nolu fasil (mineral yakit ve yağlar) kullanilmiştir. Çalişmada cari işlemler bilançosu açiklari ile iktisadi büyüme ve enerji ithalati arasinda negatif ilişki olduğu sonucuna ulaşilmiştir

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Cite This Article

ÜZÜMCÜ, A., BAŞAR, S. (2011). The Effects of Economic Growth and Energy Import on Current Account Balance of Turkey: An Analysis of 2003–2010 Period. Finans Politik ve Ekonomik Yorumlar Dergisi, Cilt: 48 - Sayı: 558, 5–22. https://ajindex.com/articles/224078

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