Determinants of Current Account Deficit in Turkey The Conditional and Partial Granger Causality Approach
Procedia Economics and Finance, cilt.26, ss.92-100, 2015 (SSCI)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 26
- Basım Tarihi: 2015
- Doi Numarası: 10.1016/s2212-5671(15)00884-9
- Dergi Adı: Procedia Economics and Finance
- Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI)
- Sayfa Sayıları: ss.92-100
- Açık Arşiv Koleksiyonu: AVESİS Açık Erişim Koleksiyonu
- Ankara Hacı Bayram Veli Üniversitesi Adresli: Evet
Özet
This study aims to reveal the causality relations between the macro aggregates that affect current deficit using conditional and partial Granger causality test. Current deficit/GDP, growth rate, real effective exchange rate, direct foreign capital investment, openness, and energy import were selected as variables for this purpose. 2003.1-2014.2 quarterly data for Turkey's economy were used for analysis. The results of the conditional and partial Granger causality test demonstrate that real effective exchange rate is the variable with greatest impact on current deficit/GDP. Exchange rate is followed by the growth rate, energy import, and openness variables. And direct foreign capital investment is the variable with the least impact.