TEST OF ‘TWIN DEFICIT HYPOTHESIS’ FOR TURKEY: AN ANALYSIS FOR 2001-2014 PERIOD

Ayşe DURGUN; Dilek GÖZE KAYA; Levent KÖSEKAHYAOĞLU

Makale detayları

TEST OF ‘TWIN DEFICIT HYPOTHESIS’ FOR TURKEY: AN ANALYSIS FOR 2001-2014 PERIOD

Yazarlar:

Ayşe DURGUN | Dilek GÖZE KAYA | Levent KÖSEKAHYAOĞLU

Yayıncı:

Nigde Omer Halisdemir University

Dergi:

Academic Review of Economics and Administrative Sciences 2016 Vol.9 Issue 4, pp.211-228

Belge Tipi:

Makale

Yayın Tarihi:

10/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000563967

Sıklık:

Üç Aylık

pISSN:

2564-6931

Özet:

 

Budget deficit and current deficit issues are critical macro economic variables for most economies. Therefore, there has been a large number of academic work on this field. This study examines the causality relation between budget deficit, current deficit, exchange rate and interest rate in Turkey for 2001-2014 period. In empirical part of the work, we employ Toda Yamato causality test and we do not find any support for the twin deficit hypothesis. Our findings indicate that there is a unidirectional causality running from current deficit to budget deficit and a bi-directional causality between interest rate and budget deficit. We also find that there is a unidirectional causality running from exchange rate to budget deficit.

Makale detayları

TEST OF ‘TWIN DEFICIT HYPOTHESIS’ FOR TURKEY: AN ANALYSIS FOR 2001-2014 PERIOD

Yazarlar: Ayşe DURGUN | Dilek GÖZE KAYA | Levent KÖSEKAHYAOĞLU

Yayıncı: Nigde Omer Halisdemir University

Dergi: Academic Review of Economics and Administrative Sciences 2016 Vol.9 Issue 4, pp.211-228

Belge Tipi: Makale

Yayın Tarihi: 10/2016

Belge Dili: Türkçe

Document ID (Org No.): 2000563967

Sıklık: Üç Aylık

pISSN: 2564-6931

Sayı

Yazarlar:

Ayşe DURGUN | Dilek GÖZE KAYA | Levent KÖSEKAHYAOĞLU

Yayıncı:

Nigde Omer Halisdemir University

Dergi:

Academic Review of Economics and Administrative Sciences 2016 Vol.9 Issue 4, pp.211-228

Belge Tipi:

Makale

Yayın Tarihi:

10/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000563967

Sıklık:

Üç Aylık

pISSN:

2564-6931