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Journals / Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2014 / Cilt: 21 - Sayı: 2

GDP - Cari İşlem Açığı ve Kısa Vadeli Sermaye Akımları Arasındaki İlişkinin Analizi: Yükselen Piyasalar Örneği

Analyzing The Relationship Among The GDP -Current Account Deficit and Short Term Capital Flows: The Case of Emerging Markets

Fuat LEBE
Osman ULUYOL
Yusuf Ekrem AKBAŞ
Pages
293–303
Publication Date
2022-11-05
DOI
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AI Summary & Key Takeaways

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

Then, panel causality test developed was done.According to the result of panel causality test bidirectional causality between current accountdeficit and GDP, unidirectiona l causality from short term capital flows to current deficit and GDPwere determined.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, it was analyzed if there was causal relationship among the current deficit,short term capital flows and economic growth in emerging markets.
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Key Findings & Data:Before causality test was done,CDLM tests were done in order to the fact that to be able to determine if there was cross sectiondependence in countries form the panel.
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Conclusion & Impact:Then, panel causality test developed was done.According to the result of panel causality test bidirectional causality between current accountdeficit and GDP, unidirectiona l causality from short term capital flows to current deficit and GDPwere determined.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

In this study, it was analyzed if there was causal relationship among the current deficit,short term capital flows and economic growth in emerging markets. Before causality test was done,CDLM tests were done in order to the fact that to be able to determine if there was cross sectiondependence in countries form the panel. At the end of CDLM tests cross section dependence inemerging markets form the panel was determined. Then, panel causality test developed was done.According to the result of panel causality test bidirectional causality between current accountdeficit and GDP, unidirectiona l causality from short term capital flows to current deficit and GDPwere determined.

Özet

Bu çalışmada, cari işlemler açığı, kısa vadeli sermaye akımları ve GDP arasında yükselenekonomilerde nedensellik ilişkisinin olup olmadığı analiz edilmiştir. Nedensellik te sti yapılmadanönce, paneli oluşturan ülkelerde yatay kesit bağımlılığı olup olmadığını tespit edebilmek için CDLMtestler yapılmıştır. CDLM testlerinin sonuçunda, paneli oluşturan yükselen ekonomilerde yatay kesitbağımlılığı tespit edilmiştir. CDLM testlerinden sonra panel nedensellik testi yapılmıştır. Panelnedensellik testleri sonucunda, cari işlem açığı ile GDP arasında çift yönlü, kısa vadeli sermayeakımlarından cari işlem açığına ve GDPye doğru tek yönlü nedensellik belirlenmiştir.

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Cite This Article

LEBE, F., ULUYOL, O., AKBAŞ, Y. E. (2022). GDP - Cari İşlem Açığı ve Kısa Vadeli Sermaye Akımları Arasındaki İlişkinin Analizi: Yükselen Piyasalar Örneği. Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 21 - Sayı: 2, 293–303. https://ajindex.com/articles/647423

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References (1)

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