Current Account Deficit

Yasin ACAR; Muhammed BENLİ

Makale detayları

Current Account Deficit – Budget Deficit – Debt Sustainability Triangle in Turkey: A Data Based Causality Analysis

Yazarlar:

Yasin ACAR | Muhammed BENLİ

Yayıncı:

Fatih DEYNELİ

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

BİLTÜRK Journal of Economics and Related Studies 2020 Vol.2 Issue 2, pp.398-409

Belge Tipi:

Makale

Yayın Tarihi:

3/2020

Belge Dili:

Türkçe

Document ID (Org No.):

2000903289

Sıklık:

Üç Aylık

eISSN:

2667-5927

Anahtar kelimeler:

Özet:

 


In this study, we examine the
causal patterns among current account deficit, budget deficit, government debt
sustainability, and inflation in Turkey for the period 1975 – 2017. The strong
integration of emerging economies such as Turkey to the global economy depends
on determining the true causal relationship between macroeconomic dynamics that
are considered in this study and the implementation of the related policies
accordingly. Therefore, in order to create inductive causal patterns among the
selected variables, we employ Directed Acyclic Graphs (DAGs) widely used in
causal modeling. The resulting DAG patterns suggest that the current account
deficit has a direct effect on the budget deficit which is a direct determinant of
government debt sustainability. The findings also indicate that inflation is an
indirect determinant of government debt sustainability through its direct
effect on-budget deficit. 


.

 


In this study, we examine the
causal patterns among current account deficit, budget deficit, government debt
sustainability, and inflation in Turkey for the period 1975 – 2017. The strong
integration of emerging economies such as Turkey to the global economy depends
on determining the true causal relationship between macroeconomic dynamics that
are considered in this study and the implementation of the related policies
accordingly. Therefore, in order to create inductive causal patterns among the
selected variables, we employ Directed Acyclic Graphs (DAGs) widely used in
causal modeling. The resulting DAG patterns suggest that the current account
deficit has a direct effect on the budget deficit which is a direct determinant of
government debt sustainability. The findings also indicate that inflation is an
indirect determinant of government debt sustainability through its direct
effect on-budget deficit. 


.

Makale detayları

Current Account Deficit – Budget Deficit – Debt Sustainability Triangle in Turkey: A Data Based Causality Analysis

Yazarlar:

Yasin ACAR | Muhammed BENLİ

Yayıncı:

Fatih DEYNELİ

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

BİLTÜRK Journal of Economics and Related Studies 2020 Vol.2 Issue 2, pp.398-409

Belge Tipi:

Makale

Yayın Tarihi:

3/2020

Belge Dili:

Türkçe

Document ID (Org No.):

2000903289

Sıklık:

Üç Aylık

eISSN:

2667-5927

directed acyclic graphs

public debt

budget deficit

Sayı

Makale detayları

Current Account Deficit – Budget Deficit – Debt Sustainability Triangle in Turkey: A Data Based Causality Analysis

Yazarlar: Yasin ACAR | Muhammed BENLİ

Yayıncı: Fatih DEYNELİ

Ana Başlıklar: Ekonomi ve Maliye

Dergi: BİLTÜRK Journal of Economics and Related Studies 2020 Vol.2 Issue 2, pp.398-409

Belge Tipi: Makale

Yayın Tarihi: 3/2020

Belge Dili: Türkçe

Document ID (Org No.): 2000903289

Sıklık: Üç Aylık

eISSN: 2667-5927

directed acyclic graphs

public debt

budget deficit

current account deficit

Sayı

Yazarlar:

Yasin ACAR | Muhammed BENLİ

Yayıncı:

Fatih DEYNELİ

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

BİLTÜRK Journal of Economics and Related Studies 2020 Vol.2 Issue 2, pp.398-409

Belge Tipi:

Makale

Yayın Tarihi:

3/2020

Belge Dili:

Türkçe

Document ID (Org No.):

2000903289

Sıklık:

Üç Aylık

eISSN:

2667-5927