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Dergiler / Maliye Dergisi / 2011 / Cilt: 0 - Sayı: 161

The validity of twin deficits hyphothesis in Turkey: Bounds testing approach

Murat BELKE
Süleyman BOLAT
Ozan ARAS
Sayfa
347–364
Yayın Tarihi
2022-10-18
DOI
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⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

While the findings support the Keynesian approach that holds the validity of the twin deficits hypothesis in the short-run, they support the Ricardian equivalence hypothesis that rejects the twin deficits hypothesis in the long-run.

📌 3 Maddede Bu Makale

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Amaç & Hipotez:This paper examines the validity of twin deficits hypothesis (the relationship between the budget deficit and the current account deficit) using the data period 1998:1-2010:4 in Turkey.
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Temel Bulgular & Veri:When the budget deficit increases one percent, the current account deficit also increases 0,18 percent in the short-run.
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Sonuç & Katkı:While the findings support the Keynesian approach that holds the validity of the twin deficits hypothesis in the short-run, they support the Ricardian equivalence hypothesis that rejects the twin deficits hypothesis in the long-run.
🔬Tür:Araştırma Makalesi
📍Kapsam:2010 Verileri
⚙️Değişkenler:Alan Parametreleri

Abstract

This paper examines the validity of twin deficits hypothesis (the relationship between the budget deficit and the current account deficit) using the data period 1998:1-2010:4 in Turkey. The paper that examines the short-run and long-run relationship between the budget deficit and the current account deficit uses the bounds testing approach. Our results show that there is no long-run relationship between the two deficits but there is a strong positive relationship between the two deficits in the short-run. When the budget deficit increases one percent, the current account deficit also increases 0,18 percent in the short-run. While the findings support the Keynesian approach that holds the validity of the twin deficits hypothesis in the short-run, they support the Ricardian equivalence hypothesis that rejects the twin deficits hypothesis in the long-run.

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Bu Makaleye Atıf Yap

BELKE, M., BOLAT, S., ARAS, O. (2022). The validity of twin deficits hyphothesis in Turkey: Bounds testing approach. Maliye Dergisi, Cilt: 0 - Sayı: 161, 347–364. https://ajindex.com/articles/577927

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Kaynakça (13)

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