Journals / Avrasya Sosyal ve Ekonomi Araştırmaları Dergisi / 2020 / Cilt: 7 - Sayı: 10

AN EMPIRICAL ANALYSIS OF CURRENT ACCOUNT SUSTAINABILITY IN LATIN AMERICAN COUNTRIES

LATİN AMERİKA ÜLKELERİNDE CARİ İŞLEMLER DENGESİ SÜRDÜRÜLEBİLİRLİĞİNİN AMPİRİK ANALİZİ

Pages
115–132
Publication Date
2020-10-29
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

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

As a result of the study, it is concluded that the current account balance is sustainable for Latin American countries.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Today, the sustainability of the current account balance poses an important economic problem for many countries.
📊
Key Findings & Data:In this study, the economic sustainability of the current account balance for the 1996-2019 period in selected Latin American countries (Brazil, Mexico, Chile, Argentina, Uruguay, Colombia, Peru, Ecuador) was empirically examined.
💡
Conclusion & Impact:As a result of the study, it is concluded that the current account balance is sustainable for Latin American countries.
🔬Design:Research Article
📍Scope:2019 Verileri
⚙️Variables:Cari İşlemler Dengesi · Sürdürülebilirlik · Latin Amerika Ülkeleri

Abstract

Today, the sustainability of the current account balance poses an important economic problem for many countries. Economic policies are used intensively by decision makers for the sustainability of the current account balance. In this study, the economic sustainability of the current account balance for the 1996-2019 period in selected Latin American countries (Brazil, Mexico, Chile, Argentina, Uruguay, Colombia, Peru, Ecuador) was empirically examined. As a result of the study, it is concluded that the current account balance is sustainable for Latin American countries. In this study, it is observed that countries can keep the current account deficit in a sustainable path with appropriate economic policies, despite the current account deficit.

Özet

Günümüzde cari işlemler dengesinin sürdürülebilirliği pek çok ülke için önemli bir iktisadi sorun teşkil etmektedir. Karar vericiler tarafından, cari işlemler dengesinin sürdürülebilirliği için ekonomi politikaları yoğun bir şekilde kullanılmaktadır. Bu çalışmada, seçilmiş Latin Amerika ülkeleri (Brezilya, Meksika, Şili, Arjantin, Uruguay, Kolombiya, Peru, Ekvator) 1996-2019 dönemi için cari işlemler dengesinin iktisadi açıdan sürdürülebilirliği ampirik olarak incelenmiştir. Çalışma sonucunda Latin Amerika ülkeleri için cari işlemler dengesinin sürdürülebilir olduğu sonucunda ulaşılmıştır. Ülkelerin, cari işlemler dengesi açığı vermelerine karşın uygun ekonomi politikaları ile cari işlemler dengesi açığının sürdürülebilir bir patikada tutabilmeleri bu çalışmada gözlemlenmiştir.

🔖

Cite This Article

KARABIYIK, E. D. (2020). AN EMPIRICAL ANALYSIS OF CURRENT ACCOUNT SUSTAINABILITY IN LATIN AMERICAN COUNTRIES. Avrasya Sosyal ve Ekonomi Araştırmaları Dergisi, Cilt: 7 - Sayı: 10, 115–132. https://ajindex.com/articles/737490

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (12)

  1. Ahtiala, P. (1994). A Synthesis of the Keynesian and Monetarist Approaches to the Short-run Theory of the Balance of Payments. Journal of Economic Integration, 471-488.
  2. Ardalan, K. (2005). The Monetary Approach to Balance of Payments: A Taxonomy with a Comprehensive Reference to the Literature. Journal of Economics and Economic Education Research, 6(3), 39. Coghlan, R. (1978). Alternative portfolio approaches to balance of payments adjustment. Scottish Journal of Political Economy, 25(1), 13-28.
  3. Donoso, V., & Martin, V. (2014). Current account sustainability in Latin America. The Journal of International Trade & Economic Development, 23(5), 735-753.
  4. Erkılıç, S. (2006), “Türkiye’de Cari Açığın Belirleyicileri”, T.C. Merkez Bankası, İstatistik Genel Müdürlüğü, Uzmanlık Yeterlik Tezi, Ankara.
  5. Frenkel, J. A., & Razin, A. (1988).
  6. Spending, Taxes, and Deficits: International-Intertemporal Approach. International Finance Section, Department of Economics, Princeton University. Frenkel, J. A., Gylfason, T., & Helliwell, J. F. (1980). A synthesis of monetary and Keynesian approaches to short-run balance-of-payments theory. The Economic Journal, 90(359), 582-592.
  7. Friedman, M. (1970). A theoretical framework for monetary analysis. journal of Political Economy, 78(2), 193-238.
  8. Hakkio, C. S., & Rush, M. (1991). Is the budget deficit “too large?”. Economic inquiry, 29(3), 429-445.
  9. Helliwell, J. F. (1978). The balance of payments: a survey of Harry Johnson's contributions. Canadian Journal of Economics, S55-S86. Holmes, M. J. (2006). Do Latin American Countries Have an Incentive to Default on Their External Debts?: A Perspective Based on Long-Run Current Account Behavior. Emerging Markets Finance and Trade, 42(1), 33-49.
  10. Husein, J., & Pier, C. (2019). Long-run sustainability of current account balance: evidence from twenty north and Latin American economies. Applied Econometrics and International Development, 19(2), 75-90.
  11. Husted, S. (1992). The emerging U.S. current account deficit in the 1980s: A cointegration analysis. The Review of Economics and Statistics, 74(1), 159– 166. Johnson, H. G. (1972). The monetary approach to balance-of-payments theory. Journal of financial and quantitative analysis, 1555-1572.
  12. Milesi-Ferrett, G. M., & Razin, A. (1996). Current account sustainability: selected East Asian and Latin American experiences (No. w5791). National Bureau of Economic Research. Mundell, R. (2001). On the history of the Mundell–Fleming model. Keynote speech. Internat