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Journals / Dumlupınar Üniversitesi Sosyal Bilimler Dergisi / 2016 / Cilt: 0 - Sayı: 49

SUSTAINABILITY OF CURRENT ACCOUNT DEFICIT IN TURKEY: EVIDENCE FROM COINTEGRATION TESTS

TÜRKİYE'DE CARİ AÇIĞIN SÜRDÜRÜLEBİLİRLİĞİ: KOİNTEGRASYON TESTLERİNDEN BULGULAR

İbrahim BAKIRTAŞ
Süleyman KOÇ
Pages
252–277
Publication Date
2022-10-11
DOI
—
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AI Summary & Key Takeaways

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

According to empirical results,we found a cointegration relationship between import and exportseries, but the current account deficit is sustainable in the weak form

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Intherecentpast, many developing countries with high and permanent current account deficit experiences crisis.
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Key Findings & Data:Turkey affected severely from a twin-deficitcrisis in 2001 and the global financial crisis in 2009, which is experienced in a high current account deficit period.The aim of this study is to test the sustainability of Turkish current account deficit in Husted's (1992)perspective by applying methods of Engle and Granger (1987), Johansen (1991), Pesaran and Shin (1999) and Pesaranet al. (2001) for the period 1992Q1-2015Q3.
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Conclusion & Impact:According to empirical results,we found a cointegration relationship between import and exportseries, but the current account deficit is sustainable in the weak form
🔬Design:Research Article
📍Scope:2001 Verileri
⚙️Variables:Domain Parameters

Abstract

Intherecentpast, many developing countries with high and permanent current account deficit experiences crisis. After these crises high and permanent current account deficits emerge done of the determiner of thecrisis and testing the sustainability of these deficits become popular in the literature. Turkey affected severely from a twin-deficitcrisis in 2001 and the global financial crisis in 2009, which is experienced in a high current account deficit period.The aim of this study is to test the sustainability of Turkish current account deficit in Husted's (1992)perspective by applying methods of Engle and Granger (1987), Johansen (1991), Pesaran and Shin (1999) and Pesaranet al. (2001) for the period 1992Q1-2015Q3. According to empirical results,we found a cointegration relationship between import and exportseries, but the current account deficit is sustainable in the weak form

Özet

Yakın geçmişte cari açığı yüksek olan bir çok gelişmekte olan ülkede yaşanan krizler sonrasında, yüksek ve sürekli cari açıklar, krizlerin belirleyicilerinden birisi olarak öne çıkmış ve sürdürülebilirliğinin ampirik analizi önemli hale gelmiştir. Türkiye de ikiz açık verirken yaşadığı 2001 krizi ve yüksek cari açıkla girdiği 2008 küresel finans krizinden ciddi şekilde etkilenmiştir. Bu çalışmanın amacı, 1992:1-2015:3 dönemi için Türkiye'de cari açığın sürdürülebilirliğini Husted (1992) perspektifinde; Engle ve Granger (1987), Johansen (1991), Pesaran ve Shin (1999) ve Pesaran vd. (2001) yöntemlerini uygulayarak sınamaktır. Elde edilen ampirik bulgulara göre ithalat ve ihracat serileri arasında bir eşbütünleşme ilişkisi vardır ancak cari açık zayıf formda sürdürülebilirdir

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Cite This Article

BAKIRTAŞ, İ., KOÇ, S. (2022). SUSTAINABILITY OF CURRENT ACCOUNT DEFICIT IN TURKEY: EVIDENCE FROM COINTEGRATION TESTS. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, Cilt: 0 - Sayı: 49, 252–277. https://ajindex.com/articles/492789

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