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Journals / Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty / 2022 / Cilt: 9 Sayı: 3

TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY

ÜÇÜZ AÇIK BASKI ENDEKSİ VE FİNANSAL KRİZLERİN TAHMİNİ: TÜRKİYE UYGULAMASI

Murat AKKAYA
Pages
1507–1521
Publication Date
2022-11-29
DOI
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AI Summary & Key Takeaways

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

In addition, there is one-way Granger causality for the Trıple Defıcıt Pressure Index.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The main indicators affecting short and longterm macroeconomic stability are budget deficits, current account deficit and savings deficits expressed as savings-investment imbalance.
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Key Findings & Data:The main purpose of this study is to create a Triple Deficit Pressure Index for Turkey in 1998 - 2019 period.
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Conclusion & Impact:In addition, there is one-way Granger causality for the Trıple Defıcıt Pressure Index.
🔬Design:Research Article
📍Scope:2019 Verileri
⚙️Variables:Finansal Kriz · Üçüz Açık Baskı Endeksi · Modelleme

Abstract

The main indicators affecting short and longterm macroeconomic stability are budget deficits, current account deficit and savings deficits expressed as savings-investment imbalance. In the literature of Economics and Finance, there are many national and international studies on Twin Deficits Hypothesis. The triple deficit is also the balance of imbalance. The Triple Deficit Hypothesis is based on the relationship between the budget balance expressed as internal balance and the balance of savings and the current account balance representing the external balance. The main purpose of this study is to create a Triple Deficit Pressure Index for Turkey in 1998 - 2019 period. In addition, leading indicators that cause financial crises are investigated using the Triple Deficit Pressure Index. The study proves that Triple Deficit Pressure Index is valid in Turkey. In addition, there is one-way Granger causality for the Trıple Defıcıt Pressure Index.

Özet

The main indicators affecting short and longterm macroeconomic stability are budget deficits, current account deficit and savings deficits expressed as savings-investment imbalance. In the literature of Economics and Finance, there are many national and international studies on Twin Deficits Hypothesis. The triple deficit is also the balance of imbalance. The Triple Deficit Hypothesis is based on the relationship between the budget balance expressed as internal balance and the balance of savings and the current account balance representing the external balance. The main purpose of this study is to create a Triple Deficit Pressure Index for Turkey in 1998 - 2019 period. In addition, leading indicators that cause financial crises are investigated using the Triple Deficit Pressure Index. The study proves that Triple Deficit Pressure Index is valid in Turkey. In addition, there is one-way Granger causality for the Trıple Defıcıt Pressure Index.

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Cite This Article

AKKAYA, M. (2022). TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY. Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty, Cilt: 9 Sayı: 3, 1507–1521. https://ajindex.com/articles/966579

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