The Relationship between Current Deficit and Economic Growth: An Empirical Study on Turkey

Yurdakul, Funda; Ucar, Bengisu

doi:10.1016/s2212-5671(15)00885-0

Cited by 24 publications

(11 citation statements)

References 3 publications

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“…On the other hand, a study taking into consideration the case of Turkey and using the tools of Granger causality and VAR analysis, supports that the growth rate affects BCP, but, in contradiction with Thirlwall's theory, BCP does not affect growth's rate (Yurdakul and Ucar, 2015). At this point, it should be mentioned that for the same country, i.e.…”

Section: Current Account Balance and Growthmentioning

confidence: 81%

Fiscal Policy, Growth and Competitiveness in Emu: Evidence From Portugal and Greece

Psychalis¹,

Gournas²,

Grigorakou³

et al. 2020

IJEFI

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This paper aims at examining whether reforms in EU economic and fiscal governance between the period starting from 2010 and ending on 2018 have increased the Gross Domestic Product growth rate in Greece and Portugal. Reforms occurred, such as "Six Pack," "Two Pack," the "Fiscal Compact," and the "Euro Plus Pact," have focused on fiscal consolidation and competitiveness improvement; in other words, during the aforementioned time period, EMU concentrated on the improvement of internal as well as external imbalances. Moreover, the present paper assesses the international competitiveness through the prism of two main indicators: Unit Labour Cost and Current Account Balance. It seems that the literature is not crystal clear on the relationship between debt and the fiscal policy on the one side, competitiveness and growth from the other side. The findings of the paper may be of great assistance to policy makers on growth, competitiveness and fiscal policy, as they highlight the relationship between economic stability, entrepreneurship and growth. The herein below presented results demonstrate that there is, indeed, a strong relationship between fiscal consolidation and growth, while the relationship between public debt, Unit Labour Cost, Current Account Balance and growth remains blurred.

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Section: Current Account Balance and Growthmentioning

confidence: 81%

Fiscal Policy, Growth and Competitiveness in Emu: Evidence From Portugal and Greece

Psychalis¹,

Gournas²,

Grigorakou³

et al. 2020

IJEFI

View full text Add to dashboard Cite

show abstract

“…The Turkish economy is one of the most important emerging economies in the world (Kocakaplan et al 2012). Many of the developing countries are faced with current account deficits as a consequence of using a high level of import input in production (Yurdakul and Ucar 2015) and Turkey's exports heavily depend on imported intermediate goods (Karagöz 2016). Economic growth depends on the import to produce export goods.…”

Section: Resultsmentioning

confidence: 99%

“…Economic growth depends on the import to produce export goods. Therefore, growth in the economy brings a production increase, which will inevitably increase imports and eventually lead to an account deficit (Yurdakul and Ucar 2015). In order to overcome the trade deficit, exports should be encouraged (Günçavdı and Suna Kayam 2017).…”

Section: Resultsmentioning

confidence: 99%

“…In order to overcome the trade deficit, exports should be encouraged (Günçavdı and Suna Kayam 2017). Policies aiming to reduce the dependency of exports on imports are needed (Yurdakul and Ucar 2015). Guiding direct investments to more value-added sectors for increasing export volume might be helpful to solve the chronic trade deficit problem in Turkey (Kayhan et al 2013).…”

Section: Resultsmentioning

confidence: 99%

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Evaluation of forest products trade economic contribution by entropy-TOPSIS: Case study of Turkey

Bayram

2020

BioRes

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The forest products industry is one of the most powerful industry branches of Turkey, and as in other developing countries, Turkey has a persistent trade deficit. The present paper aims to evaluate the forest industry products of Turkey regarding their economic contribution by Entropy-TOPSIS, which is a hybrid multicriteria decision making method. The evaluation was done to specify the products which will be able to create currency inflow most for reducing the trade deficit and help economic development. According to computations, the most contributing products are medium-density fiberboard (MDF), high-density fiberboard (HDF), industrial roundwood, and particle board. In addition, household and sanitary papers, as well as other paper and paper board products were found to have great economic potential.

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“…Bu durum, özellikle son dönemde birçok iktisatçının daha fazla ilgisini çekmeye başlamıştır. (Abbasoğlu (2017), Beşel (2017), Yiğitbaş (2017), Turan (2016), Soydan (2016), Başarır ve Erçakar (2016), Yurdakul ve Cevher (2015), Yurdakul ve Uçar (2015), Dinçer ve Yaşar (2015), Özdamar (2015), Kara ve Sarıkaya (2014), Murat vd (2014), İnsel ve Kayıkçı (2012) gibi). Yapılan çalışmalarda, cari açığın sürdürülebilirliği, belirleyicileri ve finansman yöntemleri incelenmesine rağmen, finansman araçlarından biri olarak düşünülen ve kalkınma planlarında da sıklıkla yer verilen bireysel emeklilik fonlarının, cari açık üzerindeki etkisine dair ampirik bir çalışmaya rastlanmamıştır.…”

Section: Introductionunclassified

Bireysel Emeklilik Fonları ve Cari Açık Arasındaki İlişki: Türkiye Örneği

Çelik¹,

Erer²

2018

eab

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The aim of this study is to examine the relation between the funds obtained by the private pension system, which has been implemented since 2003 in Turkey for the period of 2004:Q1-2016:Q2, and the current account deficit. While examining realtionship of between in the short run and long run, Gregory-Hansen Cointegration test with structural breaks, the FMOLS and CCR models and the Toda-Yamamoto causality test were used. Recording to results of the analysis, it was found that there was a negative relationship between the private pension funds and the current account deficit in the long run but there was no statistically significant relationship in the short term. In additon, error correction mechanism operates and the short run shocks disappear after a year.

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The Relationship between Current Deficit and Economic Growth: An Empirical Study on Turkey

Cited by 24 publications

References 3 publications

Fiscal Policy, Growth and Competitiveness in Emu: Evidence From Portugal and Greece

Fiscal Policy, Growth and Competitiveness in Emu: Evidence From Portugal and Greece

Evaluation of forest products trade economic contribution by entropy-TOPSIS: Case study of Turkey

Bireysel Emeklilik Fonları ve Cari Açık Arasındaki İlişki: Türkiye Örneği

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