Analysis of Triple Deficit in Turkey in the Context of Current Account and Budget Deficits, and Savings-Investment Gap
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Tarih
2018
Yazarlar
Dergi Başlığı
Dergi ISSN
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Yayıncı
Maliye Bakanligi
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
In the literature, there has been a significant increase in the number of studies examining triple deficit which indicates that savings deficit coexists with the budget deficit and current account deficit that are monitored under the twin deficit - which has also been widely researched. After providing the theoretical background of twin and triple deficits and literature review, triple deficit hypothesis was tested for Turkey over the period of 2001: 12017: 3. The results prove that the variables are co-integrated in the short-and long-run. According to the results, there is a bilateral causal relationship between investment-savings disparity and budget deficit variables. Similarly, there is a two-way causal relationship between investment-savings disparity and current account deficit, as well as between budget deficit and current account deficit.
Açıklama
Anahtar Kelimeler
Triple Deficit, Turkey Economy, ARDL Test, Causality Test
Kaynak
Maliye Dergisi
WoS Q Değeri
N/A
Scopus Q Değeri
N/A
Cilt
Sayı
175
