Current Account Deficits, Sustainability and Global Financial Crisis: Evidence from Turkey, 1987-2008
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DOI: 10.5455/ey.10689
Note: [Turkish Title] Cari Açık, Sürdürülebilirlik Ve Küresel Finansal Kriz: Türkiye’ye İlişkin Ampirik Kanıtlar 1987 - 2008 [Turkish Abstract] Bu makalenin temel amacı cari işlemler hesabına ilişkin dönemler arası yaklaşımı ve bazı önemli makroiktisadi göstergeleri kullanarak, Türkiye’nin cari işlemler hesabının sürdürülebilirliğinin 1987Q1-2008Q2 dönemi için incelenmesidir. Cari işlemlere ilişkin dönemler arası modeli bu makalede kullanılan ampirik yöntem şimdiki değer testidir. Türkiye ekonomisi 2004Q1-2008Q2 döneminde yüksek dış açıklar ve ulusal paranın aşırı-değerlenmesi olguları ile karşılaşmıştır. Bu makalede sunulan ampirik kanıtlar Türkiye’nin cari açıklarının 1987Q1-2008Q2 döneminde sürdürülemez olduğunu göstermektedir. Ayrıca, dış sürdürülebilirliğine ilişkin ampirik sonuçlar gerçekleşen cari işlemler açıklarının optimal cari işlemler hesabı değerlerine göre aşırı olduğunu göstermektedir. [Turkish Keywords] Cari Açık, Sürdürülebilirlik ve Eşbütünleşme
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Current Account Deficits; Sustainability; Cointegration;All these keywords.
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