Sahbaz, A (2011): Cari İşlem Açıklarının Sürdürülebilirliği: 2001-2011 Türkiye Örneği. Published in: Çukurova Üniversitesi Sosyal Bilimler Enstitüsü Dergisi , Vol. 20, No. 3 (15 December 2011): pp. 417-432.
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Abstract
The aim of this study was re-debated in recent years begun to test whether current account deficits are sustainable. Our study has been tested with monthly data 2001:3-2011:4 period, used by Husted (1992) intertemporal model. According to the Johansen co-integration analysis, in Turkey’s economy between export and import series were found the long-term co-integration relationship. The empirical results indicate that the current account deficits are sustainable in the long run in Turkey.
Item Type: | MPRA Paper |
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Commentary on: | Bilgin, Cevat and Sahbaz, Ahmet (2009): Türkiye’de Büyüme ve İhracat Arasındaki Nedensellik İlişkileri. Published in: Gaziantep Üniversitesi Sosyal Bilimler Dergisi , Vol. 8, No. 1 (2009): pp. 177-198. |
Original Title: | Cari İşlem Açıklarının Sürdürülebilirliği: 2001-2011 Türkiye Örneği |
English Title: | Current Account Deficits Sustainability: 2001-2011 The Case Of Turkey |
Language: | Turkish |
Keywords: | Current Account Deficits, Sustainability, Co-Integration, Error Correction Model |
Subjects: | F - International Economics > F3 - International Finance > F30 - General C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes C - Mathematical and Quantitative Methods > C0 - General > C01 - Econometrics |
Item ID: | 36294 |
Depositing User: | Ahmet Sahbaz |
Date Deposited: | 30 Jan 2012 14:16 |
Last Modified: | 02 Oct 2019 16:42 |
References: | Akdiş, M., Peker, O., Görmüş, Ş. (2007) “Is the Turkish Current Account Deficit Sustainable? An Econometric Analysis, http://makdis.pamukkale.edu.tr/Mak22.htm. Erişim tarihi: 03.07.2011 Baharumshah, A.Z., Lau, E. ve Fountas, S. (2003) “On the Sustainability of Current Account Deficits: Evidence from Four ASEAN Countries” Journal of Asian Economics, 14, 465–487. Baharumshah, A.Z., Lau, E. Ve Fountas, S. (2004) Current Account Deficit Sustainability: A Panel Approach, Working Paper No. 73, National University of Ireland, February http://www.economics.nuig.ie/resrch/pdf/paper_0073.pdf, Erişim tarihi: 18.08.2011 Bilgin, C, ve Şahbaz A, (2009), “Türkiye’de Büyüme ve İhracat Arasındaki Nedensellik İlişkileri”, Gaziantep Üniversitesi Sosyal Bilimler Dergisi, 8(1), 177-198. Dickey, D. A. ve W. A. Fuller (1979), “Distribution of the Estimators for Autoregressive Time Series with a Unit Root”, Journal of the American Statistical Association, 74, 427–431. Dünya Bankası, Veri Tabanı, http://databank.worldbank.org/ddp/home.do Enders, W. (1995), Applied Econometric Time Series, John Wiley & Sons, Inc., New York. Engle, R.F. ve C.W.J. Granger (1987), “Cointegration and Error Correction: Represantation, Estimation and Testing”, Econometrica, Vol. 55, 251–276 Fountas S. ve Wu J-L.(1999). “Are the U.S. Current Account Deficits Really Sustainable?”, International Economic Journal, V13, N.3, Autumn. Gujarati, N. Damador (2009), Temel Ekonometri, (Çev. Ü. Şenesen & G.G. Şenesen), Literatür Yayınları, İstanbul. Hakkio C. ve Rush M.(1991); “Is The Budget Deficit “too large”?”, Economic Inqwuiry, July. Harris, R. ve Sollis, R. (2003), Applied Time Series Modelling and Forecasting, John Wiley&Sons Ltd, England, ISBN: 0–470–84443–4 Husted S. (1992), “The Emerging U.S. Current Account Deficit in the 1980s: A Cointegration Analysis,” The Review Of Economics&Statics, February, pp. 159-166. Johansen, S. (1991), “Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models”, Econometrica, Vol. 59, No. 6, pp. 1551–1580 Johansen, S. ve K. Juselius (1990), “Maximum Likelihood Estimation and Inference on Cointegration – with Applications to the Demand for Money”, Oxford Bulletin Of Economics and Statistics, Vol. 52, Issue 2. Kalyoncu, H. (2005), “Sustainability of Current Account for Turkey: Intertemporal Solvency Approach” Praque Economic Papers 1.14(2005): pp. 82-88 Kwiatkowski, D., C.B.P Phillips, P. Schmidt ve Y. Shin (1992), “Testing The Null Hypothesis of Stationary Against The Alternative of A Unit Root”, Journal of Econometrics, Vol:54, pp.159-178 Peker, O. (2009) “Türkiye’deki Cari Açık Sürdürülebilir mi? Ekonometrik Bir Analiz”, Kocaeli Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, Sayı:17, Cilt:1, ss.164-174. Phillips, P.C.B. ve P. Perron (1988), “Testing for a Unit Root in Time Series Regression”, Biometrika, Vol:75, pp.335–346. Saçık, S.Y. ve Alagöz, M. (2010), “Türkiye’de Cari İşlemler Açığı Sorunu ve Borçlanma İle İlişkisi”, Anadolu Finans, Sayı:7, Ocak, ss.70-72. Wu, J.L., Chen, S.L. ve Lee, H.L. (2001), “Are Current Account Deficits Sustainable? Evidence from Panel Co-Integration”, Economic Letters, Vol:72, pp.219-224. Wu, J-L., Stilianos, F., Chen, S-L. (1996), “ Testing for the Sustainability of the Current Account Deficit in Two Industrial Countries.” Economics Letters, 52(2), pp.193-198. Yamak, R. ve Korkmaz, A. “Türk Cari İşlemler Açığı Sürdürülebilir mi? Ekonometrik Bir Yaklaşım”, Bankacılar Dergisi, Sayı 60, 2007, ss.17-32. Yücel, F. ve Yanar, R. “Türkiye’de Cari İşlem Açıkları Sürdürülebilir mi? Zaman Serileri Perspektifinden Bir Bakış”, Ç.Ü. Sosyal Bilimler Enstitüsü Dergisi, Cilt 14, Sayı 2, 2005. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/36294 |
Commentary/Response Threads
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Bilgin, Cevat and Sahbaz, Ahmet
Türkiye’de Büyüme ve İhracat Arasındaki Nedensellik İlişkileri. (deposited 15 Apr 2010 10:29)
- Sahbaz, A Cari İşlem Açıklarının Sürdürülebilirliği: 2001-2011 Türkiye Örneği. (deposited 30 Jan 2012 14:16) [Currently Displayed]