文章基本信息

标题：Sustainability of Turkish Current Account Deficit in the Post-Crisis Period
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作者：İnci Oya COŞKUN
期刊名称：MIBES Transactions
印刷版ISSN：1790-9899
出版年度：2011
卷号：5
期号：2
页码：67-82
出版社：T.E.I. of Larissa
摘要：Persistent rise in current account deficit (CAD) and the way that the country finances its CAD constitutes one of the major sources of external fragility in Turkey.Therefore, sustainability of CAD has become one of the critical issues for at least two decades.In this study, intertemporal budget constraint model was used to examine the sustainability of Turkish CAD after the financial crisis in 2001.Unit root and cointegration techniques were employed in the analysis.The main result of the study indicates that Turkish CAD is sustainable in a weak sense for the post-crisis period.
关键词：Current account deficit; sustainability; intertemporal budget model; Zivot-Andrews unit root test; cointegration; Turkey