THE RELATIONSHIP BETWEEN CURRENT ACCOUNT BALANCE AND ECONOMIC GROWTH: TURKEY CASE(2003-2015)

Current account deficit is one of the most significant macroeconomic issues for Turkey like all the world countries. Also, the high ratio of current account deficit to gross domestic product is accepted as a leading indicator of a crisis. Taking into account all of these, the relationship between cu...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Hakan ACET, Savaş ERDOĞAN
Formato:	article
Lenguaje:	DE EN FR TR
Publicado:	Fırat University 2019
Materias:	current account balance economic growth impulse response analysis variance decomposition causali Social Sciences H Social sciences (General) H1-99
Acceso en línea:	https://doaj.org/article/5520e07377c24610ba4a5eef9a3c3f37
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:5520e07377c24610ba4a5eef9a3c3f37
record_format	dspace
spelling	oai:doaj.org-article:5520e07377c24610ba4a5eef9a3c3f372021-11-24T09:20:49ZTHE RELATIONSHIP BETWEEN CURRENT ACCOUNT BALANCE AND ECONOMIC GROWTH: TURKEY CASE(2003-2015)2148-416310.9761/JASSS3676https://doaj.org/article/5520e07377c24610ba4a5eef9a3c3f372019-08-01T00:00:00Zhttps://jasstudies.com/index.jsp?mod=tammetin&makaleadi=188221832_36-Yrd.%20Do%C3%A7.%20Dr.%20Hakan%20ACET.pdf&key=28076https://doaj.org/toc/2148-4163Current account deficit is one of the most significant macroeconomic issues for Turkey like all the world countries. Also, the high ratio of current account deficit to gross domestic product is accepted as a leading indicator of a crisis. Taking into account all of these, the relationship between current account balance and economic growth is an important issue for economics literature. In this study, it is analyzed the relationship between current account balance and economic growth after transition to the strong economy program for Turkey by using the quarter data with the help of VAR analysis. Due to the data used in this study is quarterly, it is seasonally adjusted. In addition, stationarity of data is examined because it involves time series. It is found that at %5 level of significance, data is stationary at level. Lag lengths are specified before implying VAR method. After lag lengths specified, Impulse-Response Analysis is conducted. After Impulse-Response Analysis, Variance Decomposition Method is used in order to decide how many percent of change arise from itself and how many percent of change arise from other variables. According to Variance Decomposition Method, tenth term current account balance is arise from itself 84,6 percent and from economic growth 15,4 percent. Likewise, tenth term economic growth is arise from itself 87 percent and from current account balance 13 percent. According to the result of analysis, it is find that there is a bidirectional causality between economic growth and current account balance for Turkey at 10% significance level. Also, the relationship between variables is proved strongly with the correlation coefficient.Hakan ACETSavaş ERDOĞANFırat Universityarticlecurrent account balanceeconomic growthimpulse response analysisvariance decompositioncausaliSocial SciencesHSocial sciences (General)H1-99DEENFRTRJournal of Academic Social Science Studies , Vol 9, Iss 51, Pp 539-548 (2019)
institution	DOAJ
collection	DOAJ
language	DE EN FR TR
topic	current account balance economic growth impulse response analysis variance decomposition causali Social Sciences H Social sciences (General) H1-99
spellingShingle	current account balance economic growth impulse response analysis variance decomposition causali Social Sciences H Social sciences (General) H1-99 Hakan ACET Savaş ERDOĞAN THE RELATIONSHIP BETWEEN CURRENT ACCOUNT BALANCE AND ECONOMIC GROWTH: TURKEY CASE(2003-2015)
description	Current account deficit is one of the most significant macroeconomic issues for Turkey like all the world countries. Also, the high ratio of current account deficit to gross domestic product is accepted as a leading indicator of a crisis. Taking into account all of these, the relationship between current account balance and economic growth is an important issue for economics literature. In this study, it is analyzed the relationship between current account balance and economic growth after transition to the strong economy program for Turkey by using the quarter data with the help of VAR analysis. Due to the data used in this study is quarterly, it is seasonally adjusted. In addition, stationarity of data is examined because it involves time series. It is found that at %5 level of significance, data is stationary at level. Lag lengths are specified before implying VAR method. After lag lengths specified, Impulse-Response Analysis is conducted. After Impulse-Response Analysis, Variance Decomposition Method is used in order to decide how many percent of change arise from itself and how many percent of change arise from other variables. According to Variance Decomposition Method, tenth term current account balance is arise from itself 84,6 percent and from economic growth 15,4 percent. Likewise, tenth term economic growth is arise from itself 87 percent and from current account balance 13 percent. According to the result of analysis, it is find that there is a bidirectional causality between economic growth and current account balance for Turkey at 10% significance level. Also, the relationship between variables is proved strongly with the correlation coefficient.
format	article
author	Hakan ACET Savaş ERDOĞAN
author_facet	Hakan ACET Savaş ERDOĞAN
author_sort	Hakan ACET
title	THE RELATIONSHIP BETWEEN CURRENT ACCOUNT BALANCE AND ECONOMIC GROWTH: TURKEY CASE(2003-2015)
title_short	THE RELATIONSHIP BETWEEN CURRENT ACCOUNT BALANCE AND ECONOMIC GROWTH: TURKEY CASE(2003-2015)
title_full	THE RELATIONSHIP BETWEEN CURRENT ACCOUNT BALANCE AND ECONOMIC GROWTH: TURKEY CASE(2003-2015)
title_fullStr	THE RELATIONSHIP BETWEEN CURRENT ACCOUNT BALANCE AND ECONOMIC GROWTH: TURKEY CASE(2003-2015)
title_full_unstemmed	THE RELATIONSHIP BETWEEN CURRENT ACCOUNT BALANCE AND ECONOMIC GROWTH: TURKEY CASE(2003-2015)
title_sort	relationship between current account balance and economic growth: turkey case(2003-2015)
publisher	Fırat University
publishDate	2019
url	https://doaj.org/article/5520e07377c24610ba4a5eef9a3c3f37
work_keys_str_mv	AT hakanacet therelationshipbetweencurrentaccountbalanceandeconomicgrowthturkeycase20032015 AT savaserdogan therelationshipbetweencurrentaccountbalanceandeconomicgrowthturkeycase20032015 AT hakanacet relationshipbetweencurrentaccountbalanceandeconomicgrowthturkeycase20032015 AT savaserdogan relationshipbetweencurrentaccountbalanceandeconomicgrowthturkeycase20032015
_version_	1718415479118233600

THE RELATIONSHIP BETWEEN CURRENT ACCOUNT BALANCE AND ECONOMIC GROWTH: TURKEY CASE(2003-2015)

Ejemplares similares