文章基本信息

标题：Impact of Credit Expansion on the Current Account Deficit in Turkey: Bound Test Approach
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作者：Ömer AKÇAYIR ; Mesut ALBENİ
期刊名称：Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
印刷版ISSN：1308-5549
电子版ISSN：2147-4206
出版年度：2016
卷号：6
期号：1
页码：557-583
DOI：10.18074/cnuiibf.318
语种：English
出版社：Çankırı Karatekin University
摘要：In this study,both political and economic authorities recently been frequently stated that "Turkey's total domestic credit volume increase caused a large increase in pressure on the current account deficit" is to investigate the allegations.1992Q1- 2014Q3 period of three months the volume of loans to GDP ratio and the current account deficit to GDP ratio datas are used in the econometric analysis.Between this series for the causality relationship was used Toda-Yamamoto (1995) and Dolado-Lütkepohl (1996) causality tests.To detecting the presence of cointegration was used the bounds testing approach developed by Pesaran et.al.(2001).Long and short-term relationships between the series were analyzed using the method ARDL based on the bound test approach.As a result of the econometric analysis,two-way causality and integration relationship between the series has been identified.The total domestic credit volume expansion was determined that less than expected level of increase to the current account deficit.In the error correction model,dedected that short run deviations were disappeared in about seven months and the series moving together in the long run.
其他摘要：Bu çalışmada,hem siyasi hem ekonomi otoritelerince son zamanlarda sıkça ifade edilen,“Türkiye’de yurtiçi toplam kredi hacmi artışının cari açığın artışı üzerinde büyük bir baskıya neden olduğu” iddiası araştırılmaktadır.Ekonometrik analiz için,1992Q1- 201
关键词：Current Account Deficit;Credit Expansion;Cointegration;Bound Test;ARDL
其他关键词：Cari Açık;Kredi Genişlemesi;Eşbütünleşme;Sınır Testi;ARDL