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In this paper we assess the present sustainability of Turkey's current account position using the framework provided by … conclude that Turkey's internal structure and macroeconomic conditions (such as exports and the fiscal position) have improved … that are allowing Turkey to continue having large and increasing current account deficits. However, there is vulnerability …
Persistent link: https://www.econbiz.de/10011807189
tests to determine linkages between exports and imports+ in Turkey. Using the Johansen test we find no cointegration and … constraint ; Turkey ; cointegration …We test for sustainability of Turkey's current account position between 1992 and 2007 using the intertemporal solvency …
Persistent link: https://www.econbiz.de/10003790554
tests to determine linkages between exports and imports+ in Turkey. Using the Johansen test we find no cointegration and …We test for sustainability of Turkey’s current account position between 1992 and 2007 using the intertemporal solvency …+ (which include imports, net interest and unilateral transfer payments). Cointegration between inflows and outflows implies …
Persistent link: https://www.econbiz.de/10005558792
In this paper we assess the present sustainability of Turkey's current account position using the framework provided by … conclude that Turkey's internal structure and macroeconomic conditions (such as exports and the fiscal position) have improved … that are allowing Turkey to continue having large and increasing current account deficits. However, there is vulnerability …
Persistent link: https://www.econbiz.de/10003753802
Turkey’s current account deficit widened to almost 10% of GDP in 2011 and has been narrowing only gradually since. An … important question is to what extent Turkey’s current account deficit is excessive. To explore this issue, one needs to … deficit levels. This Working Paper relates to the 2012 OECD Economic Survey of Turkey (www.oecd.org/eco/surveys/turkey). …
Persistent link: https://www.econbiz.de/10009690907
During the 2011-2015 period, Turkey's current account deficit as a percentage of GDP was one of the largest among the … of the world is expected to borrow now and run a current account de cit. Our findings suggest that Turkey's current …
Persistent link: https://www.econbiz.de/10011609959
We test for sustainability of Turkey’s current account position between 1987 and 2009 using the intertemporal solvency … constraint is satisfied if there is cointegration between exports and imports+ (which include imports, net interest income and … unilateral transfer payments). We test for, and find evidence of, cointegration using the standard Johansen test as well as the …
Persistent link: https://www.econbiz.de/10009651745
The Turkish current account has been exploding in the last few years leading to concerns of a crisis. One of the primary factors identified in the rising deficits is the appreciating lira. In addition, income elasticity of exports and imports can also shed light on continuing trade deficits. In...
Persistent link: https://www.econbiz.de/10011807199
Purpose: This study aims to examine the sustainability of the current account deficit in Turkey for the quarterly data … in Turkey’s economy. Design/methodology/approach: The dynamics related to the sustainability of the current account … long-term dynamics are empirically investigated using the Johansen cointegration test. Econometric analysis is also …
Persistent link: https://www.econbiz.de/10012293106
(CA) balance-to-GDP ratios and panel co-integration of exports and imports of goods and services, for the period 1970Q1 …
Persistent link: https://www.econbiz.de/10012838560