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Cari İşlemler Açığı ve Sürdürülebilirlik: Türkiye Örneği.
- Source :
-
Journal of Graduate School of Social Sciences . 2015, Vol. 19 Issue 2, p351-362. 12p. - Publication Year :
- 2015
-
Abstract
- Sustainability of the current account balance of a country is one of the main indicators of macroeconomic stability. Unsustainable foreign trade deficit gives rise to unsustainable current account deficit in the long run. Existence of a long-run relationship between export and import means that the short run foreign trade deficit is sustainable in the long-run and macroeconomic policies are effective for the provision of the long-run foreign trade balance. In this paper we aim to investigate the sustainability of current account deficit in Turkey by examining the long-run relationship between export and import for the period 1980-2014. The long-run cointegration relationship between export and import are tested by the ARDL bound testing approach developed by Pesaran, Shin and Smith (2001). According to the results, although there is a long-run relationship between export and import and the current account deficit are sustainable in a strong form, there is a strong belief that the sustainability of current account deficit tend to turn into the weak form in near future. [ABSTRACT FROM AUTHOR]
Details
- Language :
- Turkish
- ISSN :
- 13044990
- Volume :
- 19
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Journal of Graduate School of Social Sciences
- Publication Type :
- Academic Journal
- Accession number :
- 114827018