Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008

Alpaslan AKÇORAOĞLU, (Gazi Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Ankara, Türkiye)
Erkan AĞASLAN (Gazi Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Ankara, Türkiye)
Ekonomik Yaklaşım
2 0
Yıl: 2009 Cilt: 20 Sayı: 72 Sayfa Aralığı: 1 - 20 Metin Dili: Türkçe İndeks Tarihi: 29-07-2022

Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008

Öz:
Bu makalenin temel amacı cari işlemler hesabına ilişkin dönemlerarası yaklaşımı ve bazı önemli makroiktisadi göstergeleri kullanarak, Türkiye’nin cari işlemler hesabının sürdürülebilirliğinin $1987Q_1-2008Q_2$ dönemi için incelenmesidir.Cari işlemlere ilişkin dönemlerarası modeli bu makalede kullanılan ampirik yöntem şimdiki değer testidir. Türkiye ekonomisi $2004Q_1-2008Q_2$ döneminde yüksek dış açıklar ve ulusal paranın aşırı-değerlenmesi olguları ile karşılaşmıştır. Bu makalede sunulan ampirik kanıtlar Türkiye’nin cari açıklarının $1987Q_1-2008Q_2$ döneminde sürdürülemez olduğunu göstermektedir. Ayrıca, dış sürdürülebilirliğine ilişkin ampirik sonuçlar gerçekleşen cari işlemler açıklarının optimal cari işlemler hesabı değerlerine göre aşırı olduğunu göstermektedir.
Anahtar Kelime: cari işlemler açığı mali krizler Türkiye küresel ekonomi

Konular: İşletme İktisat

Cari açık sürdürülebilirlik ve küresel finansal kris: Türkiye'ye ilişkin ampirik kanıtlar 1987-2008

Öz:
The objective of the present paper is to explore the sustainability of external position of Turkey over the period $1987Q_1-2008Q_2$ by using the intertemporal approach to current account as well as some important macroeconomic indicators. The empirical methodology used to test the intertemporal model of the current account in this paper is the present value test. Turkey experienced large external deficits and over-valuation of the national currency over the period $2004Q_1-2008Q_2$. The empirical evidence presented in this paper indicates that current account deficits of Turkey were unsustainable over the period $1987Q_1-2008Q_2$. Furthermore, the empirical results of external sustainability reveal that the actual current account deficits were excessive relative to the optimal current account balances over the period $2004Q_1-2008Q_2$.
Anahtar Kelime: financial crises Turkey global economy current accounts deficit

Konular: İşletme İktisat
Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA AKÇORAOĞLU A, AĞASLAN E (2009). Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008. , 1 - 20.
Chicago AKÇORAOĞLU ALPASLAN,AĞASLAN Erkan Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008. (2009): 1 - 20.
MLA AKÇORAOĞLU ALPASLAN,AĞASLAN Erkan Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008. , 2009, ss.1 - 20.
AMA AKÇORAOĞLU A,AĞASLAN E Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008. . 2009; 1 - 20.
Vancouver AKÇORAOĞLU A,AĞASLAN E Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008. . 2009; 1 - 20.
IEEE AKÇORAOĞLU A,AĞASLAN E "Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008." , ss.1 - 20, 2009.
ISNAD AKÇORAOĞLU, ALPASLAN - AĞASLAN, Erkan. "Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008". (2009), 1-20.
APA AKÇORAOĞLU A, AĞASLAN E (2009). Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008. Ekonomik Yaklaşım, 20(72), 1 - 20.
Chicago AKÇORAOĞLU ALPASLAN,AĞASLAN Erkan Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008. Ekonomik Yaklaşım 20, no.72 (2009): 1 - 20.
MLA AKÇORAOĞLU ALPASLAN,AĞASLAN Erkan Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008. Ekonomik Yaklaşım, vol.20, no.72, 2009, ss.1 - 20.
AMA AKÇORAOĞLU A,AĞASLAN E Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008. Ekonomik Yaklaşım. 2009; 20(72): 1 - 20.
Vancouver AKÇORAOĞLU A,AĞASLAN E Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008. Ekonomik Yaklaşım. 2009; 20(72): 1 - 20.
IEEE AKÇORAOĞLU A,AĞASLAN E "Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008." Ekonomik Yaklaşım, 20, ss.1 - 20, 2009.
ISNAD AKÇORAOĞLU, ALPASLAN - AĞASLAN, Erkan. "Current account deficits sustainability and global financial crisis: Evidence from Turkey, 1987-2008". Ekonomik Yaklaşım 20/72 (2009), 1-20.
Sayfa Oluşturulma Tarihi
16-04-2024 21:45

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