The Relationship Between Triple Deficit and Growth: The Case of Turkey

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Tarih

2015

Dergi Başlığı

Dergi ISSN

Cilt Başlığı

Yayıncı

ESKISEHIR OSMANGAZI UNIV, FAC EDUCATION

Erişim Hakkı

info:eu-repo/semantics/closedAccess

Özet

Macroeconomic equilibrium in an economy is provided by equalizing of internal and external economic balances. While internal economic balance consists of saving-investment balance of the private sector and the income-expenditure balance of the public sector (budget balance), the external economic balance is comprised of the current account balance. According to this equation, when both internal economic balances gave deficits, it is required that the current account balance is expected to give a deficit up to them. This situation is defined as "triple deficit". Triple deficits are generally a problem occurring in the economies trying to grow over the potential, in which there is an insufficient domestic savings. Therefore, it must have been examined the relationship between triple deficit and growth in Turkey. In this study, the effect of each component (balances) of the "triple deficit" hypothesis on growth are studied by VAR model during period of 2003Q2-2012Q4 in Turkey and it is found that these balances are the most explaining variables the growth.

Açıklama

Anahtar Kelimeler

Twin Deficit, Triple Deficit, Growth, Turkey

Kaynak

ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES

WoS Q Değeri

N/A

Scopus Q Değeri

Cilt

10

Sayı

2

Künye