CAD Problem in Turkish Economy: An Application with Selected Macroeconomic Variables

Hacı Ahmet KARADAŞ; Esengül SALİHOĞLU; Şerife Merve KOŞAROĞLU

doi:https://doi.org/10.33905/bseusbed.486105

Makale detayları

CAD Problem in Turkish Economy: An Application with Selected Macroeconomic Variables

Yazarlar:

Hacı Ahmet KARADAŞ | Esengül SALİHOĞLU | Şerife Merve KOŞAROĞLU

Yayıncı:

Bilecik Seyh Edebali University

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

Bilecik Şeyh Edebali University Journal of Social Science 2019 Vol.4 Issue 1, pp.448-461

Belge Tipi:

Makale

Yayın Tarihi:

6/2019

Belge Dili:

İngilizce

Document ID (Org No.):

2000892425

Sıklık:

İki Yıllık

eISSN:

2548-088X

pISSN:

2548-088X

DOI:

https://doi.org/10.33905/bseusbed.486105

Anahtar kelimeler:

Özet:

 





The main goal of the countries that want to
increase the prosperity of their citizens is economic growth. As a result of
worldwide economic and prosperity growth, consumption and energy usage
increased significantly. Insufficiency of the local resources lead the
countries to international trade. Growth of international trade and increase of
financial transactions made the current account deficit (CAD) problem very
important for the countries. Therefore, countries develop policies in order to
understand the causes of the CAD and resolve them. Some of the factors that
cause the CAD are excessive appreciation of the country’s currency, fast
economic growth and increase in the imported oil prices. Increase of the CAD as
a share of GDP lead economies to currency and/or financial crises by increasing
their fragility. Thus, CAD preserves its actuality and significance as a
problem for economies. In the last decades, the CAD issue became one of the
chronical problems of Turkish economy. In this context, it is seen that Turkish
economy adopted the growth with CAD strategy in last 20 years and always have
CAD in this period except 1998 and 2001. In this study, the causality relation
and long-term relationship of Turkey's current
account balance (CAB), GDP, brent type oil prices, and real exchange rate are
determined by using data of 2000: Q1-2016: Q2. According to results, there is a bidirectional causality between CAD
and GDP and one-way causality from oil prices to both GDP and CAD. In addition
to causality relation, according the cointegration analysis, oil prices and GDP
increase the CAD in the long run. 




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Makale detayları

CAD Problem in Turkish Economy: An Application with Selected Macroeconomic Variables

Yazarlar:

Hacı Ahmet KARADAŞ | Esengül SALİHOĞLU | Şerife Merve KOŞAROĞLU

Yayıncı:

Bilecik Seyh Edebali University

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

Bilecik Şeyh Edebali University Journal of Social Science 2019 Vol.4 Issue 1, pp.448-461

Belge Tipi:

Makale

Yayın Tarihi:

6/2019

Belge Dili:

İngilizce

Document ID (Org No.):

2000892425

Sıklık:

İki Yıllık

eISSN:

2548-088X

pISSN:

2548-088X

DOI:

https://doi.org/10.33905/bseusbed.486105

Current Account Deficit

Current Account Balance

Economic Growth

oil prices

Sayı

Makale detayları

CAD Problem in Turkish Economy: An Application with Selected Macroeconomic Variables

Yazarlar: Hacı Ahmet KARADAŞ | Esengül SALİHOĞLU | Şerife Merve KOŞAROĞLU

Yayıncı: Bilecik Seyh Edebali University

Ana Başlıklar: Ekonomi ve Maliye

Dergi: Bilecik Şeyh Edebali University Journal of Social Science 2019 Vol.4 Issue 1, pp.448-461

Belge Tipi: Makale

Yayın Tarihi: 6/2019

Belge Dili: İngilizce

Document ID (Org No.): 2000892425

Sıklık: İki Yıllık

eISSN: 2548-088X

pISSN: 2548-088X

DOI: https://doi.org/10.33905/bseusbed.486105

Current Account Deficit

Current Account Balance

Economic Growth

oil prices

Sayı

Yazarlar:

Hacı Ahmet KARADAŞ | Esengül SALİHOĞLU | Şerife Merve KOŞAROĞLU

Yayıncı:

Bilecik Seyh Edebali University

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

Bilecik Şeyh Edebali University Journal of Social Science 2019 Vol.4 Issue 1, pp.448-461

Belge Tipi:

Makale

Yayın Tarihi:

6/2019

Belge Dili:

İngilizce

Document ID (Org No.):

2000892425

Sıklık:

İki Yıllık

eISSN:

2548-088X

pISSN:

2548-088X

DOI:

https://doi.org/10.33905/bseusbed.486105