Have a personal or library account? Click to login

The Devil’s Triangle: Empirical Evidence from Turkey on Growth, Current Account Deficit, and Inflation

Studia Humana
Volume 12 (2023): Issue 4 (December 2023)
By:
Open Access
|Dec 2023

References

  1. Berlitz, C. Bermuda Triangle, Istanbul: E Publications, 1984.
    Search in Google ScholarBack to article
  2. Wikipedia, https://tr.wikipedia.org/wiki/Bermuda_%C5%9Eeytan_%C3%9C%C3%A7geni
    Search in Google ScholarBack to article
  3. Tun Wai, U. The Relation between Inflation and Economic Development: a Statistical Inductive. IMF Staff Papers 7, 1959, pp. 202-209.
    Search in Google ScholarBack to article
  4. Bhatia, R. Inflation, Deflation and Economic Development. IMF Staff Papers 8(1), 1960, pp. 101-114.
    Search in Google ScholarBack to article
  5. Johnson, H. G. Is Inflation a Retarding Factor in Economic Growth?, In Fiscal and Monetary Problems in Developing States, Praeger, D. Krivine (ed.), 1967, pp.121-137.
    Search in Google ScholarBack to article
  6. Bullard, J. and Keating, J. W. The Long-Run Relationship between Inflation and Output in Postwar Economies. Journal of Monetary Economics 36(3), 1995, pp. 477-496.
    Search in Google ScholarBack to article
  7. Chowdhury, A. Does Inflation Affect Economic Growth? The Relevance of the Debate for Indonesia. Journal of Asia Pacific Economy 7(1), 2002, pp. 20-34.
    Search in Google ScholarBack to article
  8. Hineline D. R. Re-examining the Robustness of Inflation and Growth. Department of Economics Paper, Miami University, 2004, pp. 1-32.
    Search in Google ScholarBack to article
  9. Vaona, A. Nonparametric and Semi-parametric Evidence on the Longrun Effects of Inflation on Growth. The Kiel Institute for the World Economy, Kiel Working Paper No. 1286, 2006, pp. 1-9.
    Search in Google ScholarBack to article
  10. Ericsson, N. R., Irons, J. S. and Tryon, R. W. Output and Inflation in the Long Run. Journal of Applied Econometrics 16(3), 2001, pp. 241-253.
    Search in Google ScholarBack to article
  11. Lucas, R. E. Some International Evidence on Output-Inflation Tradeoffs. The American Economic Review 63(3), 1973, pp. 326-334.
    Search in Google ScholarBack to article
  12. Karras, G. Money, Inflation, and Output Growth: does the Aggregate Supply-Aggregate Demand Model Explain the International Evidence?. Weltwirtschaftliches Archiv 129(4), 1993, pp. 662-674.
    Search in Google ScholarBack to article
  13. Black D. C., Dowd, M. R. and Keith, K. The Inflation/Growth Relationship: Evidence from State Panel Data. Applied Economics Letters 8(2), 2001, pp. 771-774.
    Search in Google ScholarBack to article
  14. Mallik, G. and Chowdhury, A. Inflation and Economic Growth: Evidence from four South Asian Countries. Asia-Pasific Development Journal 8(1), 2001, pp. 123-135.
    Search in Google ScholarBack to article
  15. Rapach, D. International Evidence on the Long-Run Impact of Inflation. Journal of Money, Credit and Banking 35(1), 2003, pp. 23-48.
    Search in Google ScholarBack to article
  16. Benhabib, J. and Spiegel, M. M. (2006). Moderate Inflation and the Deflation Depression Link. Federal Reserve Bank of San Francisco Working Paper Series 32, 2006, pp. 1-20,
    Search in Google ScholarBack to article
  17. Mahmoud, L. O. M. (2015). Consumer Price Index and Economic Growth: a Case Study of Mauritania 1990-2013. Asian Journal of Empirical Research 5(2), 2015, pp. 16-23.
    Search in Google ScholarBack to article
  18. Romer, C. D. Inflation and the Growth Rate of Output. Working Paper, National Bureau of Economic Research 5575, 1996.
    Search in Google ScholarBack to article
  19. Yakışık, H. Relationship between Inflation and Economic Growth in the Kyrgyz Republic. Socio-Economy 2007-2, pp. 12-28.
    Search in Google ScholarBack to article
  20. Ahmad, N. and Joyia, U.T.S. The Relationship between Inflation and Economic Growth in Pakistan: an Econometric Approach. Asian Journal of Research in Business Economics and Management 2(9), 2012, pp. 38-48.
    Search in Google ScholarBack to article
  21. Edwards, S. The Relation between Growth and Inflation in Latin America. Working Paper. UCLA Department of Economics 235, 1982.
    Search in Google ScholarBack to article
  22. Fischer, S. Inflation and Growth. Cuadernos de Economia 20(61), 1983, pp. 267-278.
    Search in Google ScholarBack to article
  23. Kim, S. and Willett, T. D. Is the Negative Correlation between Inflation and Economic Growth Realian Analysis of the Effects of the Oil Supply Shocks?. Applied Economics Letters 7(3), 2000, pp. 141-147.
    Search in Google ScholarBack to article
  24. Faria, J. R. and Carneıro, F. G. Does High Inflation Affect Growth in the Long and Short Run?. Journal of Applied Economics 4(1), 2001, pp. 89-105.
    Search in Google ScholarBack to article
  25. Hodge, D. Inflation and Growth in South Africa. Cambridge Journal of Economics 30(2), 2006, pp. 163-180.
    Search in Google ScholarBack to article
  26. Karaca, O. Inflation-Growth Relationship in Turkey: Time Series Analysis. Journal of Doğuş University 4(2), 2003, pp. 247-255. (in Turkish).
    Search in Google ScholarBack to article
  27. Yapraklı, S. The Relationship Between Inflation and Economic Growth: An Analysis with Cointegration and Causality Tests for Turkey. Journal of Atatürk University Social Sciences Institute 10(2), 2007, pp. 287-300. (in Turkish).
    Search in Google ScholarBack to article
  28. Taban, S. Inflation-Economic Growth Relationship in Turkey: Bounds Test Approach. TISK Academy 2008-1, 145-167. (in Turkish).
    Search in Google ScholarBack to article
  29. Karaçor, Z., Şaylan, Ş. and Üçler, G. Cointegration and Causality Analysis on the Relationship between Inflation and Economic Growth in the Turkish Economy (1990-2005), Journal of Ömer Halisdemir University Faculty of Economics and Administrative Sciences 2(2), 2009, pp. 60-74. (in Turkish).
    Search in Google ScholarBack to article
  30. Barro, R. J. Inflation and Economic Growth. Bank of England Quarterly Bulletin 35, 1995, pp. 166-176.
    Search in Google ScholarBack to article
  31. Chari, V. V., Lary., E. J. and Manuelli, R. Inflation, Growth and Financial Intermediation. Federal Reserve Bank of St. Louis Review 78(3), 1996, pp. 41-58.
    Search in Google ScholarBack to article
  32. Karaca, O. Inflation-Growth Relationship in Turkey: Time Series Analysis. Journal of Doğuş University 4(2), 2003, pp. 247-255. (in Turkish).
    Search in Google ScholarBack to article
  33. Bullard, J. and Keating, J. W. The Long-Run Relationship between Inflation and Output in Postwar Economies. Journal of Monetary Economics 36(3), 1995, pp. 477-496.
    Search in Google ScholarBack to article
  34. Chowdhury, A. Does Inflation Affect Economic Growth? The Relevance of the Debate for Indonesia. Journal of Asia Pacific Economy 7(1), 2002, pp. 20-34.
    Search in Google ScholarBack to article
  35. Mughal, F.A., Aslam, N., Jabbar, M.A. and Ullah, W. Inflation, Inflation Uncertainty and Output Growth, are They Related? A Study on South East Asian Economies 1960-2010. Journal of Basic and Applied Scientific Research 2(6), 2012, pp. 6108-6114.
    Search in Google ScholarBack to article
  36. Topçu, E. Inflation Rate-Economic Growth Relationship: the Case of Turkey. Nevşehir Hacı Bektaş Veli University Journal of SBE 7(2), 2017, pp. 180-191. (in Turkish).
    Search in Google ScholarBack to article
  37. Karaca, O. Inflation-Growth Relationship in Turkey: Time Series Analysis. Journal of Doğuş University 4(2), 2003, pp. 247-255. (in Turkish).
    Search in Google ScholarBack to article
  38. Berber, M. and Artan, S. Inflation-Economic Growth Relationship in Turkey: (Theory-Literature and Practice). Ataturk University Journal of FEAS 18(3-4), 2004, pp. 103-117. (in Turkish).
    Search in Google ScholarBack to article
  39. Tarı, R. and Kumcu, F. S. Analysis of Unstable Growth in Turkey (1983-2003 Period). Kocaeli University Journal of Social Sciences Institute 9(1), 2005, pp. 156-179. (in Turkish).
    Search in Google ScholarBack to article
  40. Türkekul, B. The Inflation-Growth Relationship in Turkey: An Econometric Analysis for the Agricultural Sector. Journal of Ege University Faculty of Agriculture 44(1), 2007, pp. 163-175. (in Turkish).
    Search in Google ScholarBack to article
  41. Yapraklı, S. The Relationship Between Inflation and Economic Growth: An Analysis with Cointegration and Causality Tests for Turkey. Journal of Atatürk University Social Sciences Institute 10(2), 2007, pp. 287-300. (in Turkish).
    Search in Google ScholarBack to article
  42. Göçer, I. and Gerede, C. Turkey in the Current Account Deficit-Economic Growth-Inflation and Unemployment Dilemma: a New Generation Econometric Analysis. Anadolu University Journal of Social Sciences, 2016, pp. 35-46. (in Turkish).
    Search in Google ScholarBack to article
  43. Uslu, H. Relationship between Inflation and Economic Growth in Turkey (2003-2017): Granger Causality Analysis. Route Educational and Social Science Journal 5(5), 2018, pp. 210-229
    Search in Google ScholarBack to article
  44. Karabulut, Ş. The Relationship between Economic Growth and Inflation in Turkey. Optimum Journal of Economics and Management Sciences 6(2), 2019, pp. 171-184.
    Search in Google ScholarBack to article
  45. Dinçsoy, E. E. and Okur-Dinçsoy, M. Analysis of the Effect of Economic Growth on Inflation in Terms of Turkish Economy. Balkan and Near East Journal of Social Sciences 06, 2020, pp. 118-124. (in Turkish).
    Search in Google ScholarBack to article
  46. Uçan, O. and Çebe, G. The Relationship between Economic Growth, Unemployment and Inflation in Turkey before and after the 2008 Crisis. Journal of Ömer Halisdemir University Faculty of Economics and Administrative Sciences 11(3), 2018, pp. 6-17. (in Turkish).
    Search in Google ScholarBack to article
  47. Bozgeyik, Y. and Kutlu, A. Determinants of Current Account Deficit in Turkey: Empirical Analysis for 1992-2017 Period. Journal of Finance 176, 2019, pp. 1-26. (in Turkish).
    Search in Google ScholarBack to article
  48. Akçay, A. Ö. and Erataş, F. Evaluation of the Relationship between Current Account Deficit and Economic Growth on the Axis of Panel Causality Analysis: BRICT. UEK-TEK, 2012, http://teacongress.org/ papers2012/AKCAYERATAS.pdf (in Turkish).
    Search in Google ScholarBack to article
  49. Yüksel, S. and Özsarı, M. Investigation of the Causality Relationship between Retail Loans, Inflation and Current Account Deficit in Turkey. Conference: EconWorld2016@ImperialCollege Proceedings At: London, 2016. (in Turkish).
    Search in Google ScholarBack to article
  50. Bölükbaş, M. Inflation Current Account Deficit and Banking Sector Loans in Turkey: A Review for the Period 2006-2018. Social Sciences Research Journal 8(2), 2019, pp. 77-92. (in Turkish).
    Search in Google ScholarBack to article
  51. Eken, A. Model Study on Current Account Balance. Central Bank of the Republic of Turkey Research General Directorate Discussion Paper 9020, 1990, pp. 73-90. (in Turkish).
    Search in Google ScholarBack to article
  52. Morsy, H. Current Account Determinants for Oil-Exporting Countries. IMF Working Paper 28, 2009, pp. 1-13.
    Search in Google ScholarBack to article
  53. Kandil, M. and Greene, J. The Impact of Cyclical Factors on the U.S. Balance of Payments. IMF Working Paper 02/05, 2002.
    Search in Google ScholarBack to article
  54. Erkılıç, S., Türkiye’de Cari Açığın Belirleyicileri, Yayınlanmamış Uzmanlık Yeterlilik Tezi, Türkiye Cumhuriyeti Merkez Bankası İstatistik Genel Müdürlüğü, 2006.
    Search in Google ScholarBack to article
  55. Karabulut, G. and Çelikel Danışoğlu, A. Factors Affecting the Growth of the Current Account Deficit in Turkey. Gazi University Journal of FEAS 8(1), 2006, pp. 47-63. (in Turkish).
    Search in Google ScholarBack to article
  56. Erbaykal, E. Are Economic Growth and Exchange Rate Effective on Current Account Deficit in Turkey? A Causality Analysis. Zonguldak Karaelmas University Journal of Social Sciences 3(6), 2007, pp. 81-88. (in Turkish).
    Search in Google ScholarBack to article
  57. Çeviş, I. and Çamurdan, B. The Determinants of the Current Account Balance in Inflation Targeting Countries. İktisat İşletme ve Finans 23(270), 2008, pp. 111-131.
    Search in Google ScholarBack to article
  58. Lebe, F., Kayhan, S., Adıgüzel, U. and Burak, Y. The Empirical Analysis of the Effects of Economic Growth and Exchange Rate on Current Account Deficit: Romania and Turkey Samples. Journal of Applied Quantitative Methods 4(1), 2008, pp. 69-81.
    Search in Google ScholarBack to article
  59. Teletar, O. M. and Terzi, H. The Relationship between Economic Growth and Current Account Balance in Turkey. Journal of Atatürk University Faculty of Economics and Administrative Sciences 23(2), 2009, pp. 119-134. (in Turkish).
    Search in Google ScholarBack to article
  60. Sekmen, F. and Çalışır, M. Is There a Trade-Off between Current Account Deficits and Economic Growth? The Case of Turkey. International Research Journal of Finance and Economics 62, 2011, pp. 166-172.
    Search in Google ScholarBack to article
  61. Yılmaz, Ö. and Akıncı, M. The Relationship between Economic Growth and Current Account Balance Sheet: The Case of Turkey. Journal of Atatürk University Institute of Social Sciences 15(2), 2011, pp. 363-377. (in Turkish).
    Search in Google ScholarBack to article
  62. Avcı, S. B. Relationship between Current Account Deficit and Economic Growth Turkey Example. Eskişehir Anadolu University Institute of Social Sciences, Department of Economics, Master’s Thesis, Eskişehir, 2015. (in Turkish).
    Search in Google ScholarBack to article
  63. Yurdakul, F. and Uçar, B. The Relationship between Current Deficit and Economic Growth: an Empirical Study on Turkey. Procedia Economics and Finance 26, 2015, pp. 101-108.
    Search in Google ScholarBack to article
  64. Göçer, I. and Gerede, C. Turkey in the Current Account Deficit-Economic Growth-Inflation and Unemployment Dilemma: a New Generation Econometric Analysis. Anadolu University Journal of Social Sciences, 2016, pp. 35-46. (in Turkish).
    Search in Google ScholarBack to article
  65. Duman, Y. The Relationship between Current Account Balance and Economic Growth in Turkey. Sakarya Journal of Economics 6(4), 2017, pp. 12-28. (in Turkish).
    Search in Google ScholarBack to article
  66. Uçak, S. Relationship between Current Account Balance and Economic Growth: Turkey Analysis. Manisa Celal Bayar University Journal of Social Sciences 15(2), 2017, pp. 108-140. (in Turkish).
    Search in Google ScholarBack to article
  67. Efeoğlu, R. and Pehlivan, C. The Effects of Energy Consumption and Current Deficit on Economic Growth in Turkey. Political Economic Theory 2(1), 2018, pp. 103-123. (in Turkish).
    Search in Google ScholarBack to article
  68. Çiğdem, G. Is Economıc Growth a Problem in Terms of Current Account Defıcıt? An Empirical Approach to Vicious Circle: Case of Turkey. Diyalektolog International Journal of Social Sciences 21, 2019, pp. 215-227.
    Search in Google ScholarBack to article
  69. Kızıldere, C. Evaluation of the Current Account Deficit Problem in Turkey in Terms of Energy Consumption and Economic Growth: An Empirical Analysis. Business & Management Studies: An International Journal 8(2), 2020, pp. 2121-2139. (in Turkish).
    Search in Google ScholarBack to article
  70. Tarı, R. and Kumcu, F. S. Analysis of Unstable Growth in Turkey (1983-2003 Period). Kocaeli University Journal of Social Sciences Institute 9(1), 2005, pp. 156-179. (in Turkish).
    Search in Google ScholarBack to article
  71. Akçay, A. Ö. and Erataş, F. Evaluation of the Relationship between Current Account Deficit and Economic Growth on the Axis of Panel Causality Analysis: BRICT. UEK-TEK, 2012, http://teacongress.org/ papers2012/AKCAYERATAS.pdf (in Turkish)
    Search in Google ScholarBack to article
  72. Sağlam, Y. and Erataş Sönmez, F. The Causality between Current Account Deficit and Economic Growth: the Case of Visegrad Four. Anemon Mus Alparslan University Journal of Social Sciences 7(3), 2019, pp. 35-40. DOI: 10.18506/anemon.466391
    Search in Google ScholarBack to article
  73. Yanar, R. and Kerimoğlu, G. The Relationship between Energy Consumption, Economic Growth and Current Account Deficit in Turkey. Journal of Economic Sciences 3(2), 2011, pp. 191-201. (in Turkish).
    Search in Google ScholarBack to article
  74. Songur, M. and Yaman, D. The Relationship between Current Account Balance and Economic Growth in Developing Countries: Panel Data Analysis. Journal of Finance 164, 2013, pp. 220-232. (in Turkish).
    Search in Google ScholarBack to article
  75. Akbaş, Y. E., Lebe, F. and Uluyol, O. Analysing the Relationship Among the GDP-Current Account Deficit and Short Term Capital Flows: the Case of Emerging Markets. Journal of Management and Economics 21(2), 2014, pp. 293-303.
    Search in Google ScholarBack to article
  76. Kandemir, K. The Effect of Economic Growth on Current Account Deficit: Turkey Practice. Unpublished Master Thesis: Adnan Menderes University, 2015. (in Turkish).
    Search in Google ScholarBack to article
  77. Erdoğan, S. and Acet, H. The Relationship between Current Account Balance and Economic Growth: the Case of Turkey (2003-2015). The Journal of Academic Social Science Studies 3(51), 2016, pp. 539-548. (in Turkish).
    Search in Google ScholarBack to article
  78. Şit, M. and Alancıoğlu, E. The Relationship between Current Account Balance and Economic Growth in Turkey: Var Analysis. ASSAM International Refereed Journal 3(5), 2016, pp. 5-23. (in Turkish).
    Search in Google ScholarBack to article
  79. Züngün, D. Longing for economic growth without current account deficit: Chinese model. Journal of Human Sciences 13(3), 2016, pp. 3927-3938.
    Search in Google ScholarBack to article
  80. Arslan, I., Uğur, A. A. and Dineri, E. Relationship between Current Account Deficit and Economic Growth in OECD countries: 1980-2014. Journal of Economics Business and Political Researches 2(3), 2017, pp. 56-68.
    Search in Google ScholarBack to article
  81. Ersungur, Ş. M., Doru, Ö. and Aslan, M. B. The Effects of GDP and Exchange Rate Movements on the Current Account Balance in Turkey: VAR Analysis Approach. Ataturk University Journal of Economics and Administrative Sciences 31(3), 2017, pp. 451-462. (in Turkish).
    Search in Google ScholarBack to article
  82. Karahan, Ö. and Akçaçakır, K. The Relationship between Current Account Deficit and Economic Growth in Turkey. Journal of Emerging Economies and Policy 6(2), 2021, pp. 119-127. (in Turkish).
    Search in Google ScholarBack to article
  83. Kostakoğlu, S. F. and Dibo, M. Analysis of the Relationship between Current Account Deficit and Economic Growth in Turkey with VAR Method. Anadolu International Conference in Economics II, June 15-17, 2011. www.econanadolu.org/en/files.php?force&file=2011/pdf/Kostakoglu_Dibo_TurkiyedeCari.pdf (in Turkish).
    Search in Google ScholarBack to article
  84. Uysal, D., Yılmaz, K. Ç. and Taş, T. Enerji İthalatı ve Cari Açık İlişkisi: Türkiye Örneği. uş Al arslan niversitesı Sosyal Bilimler Dergisi 3(1), 2015, pp. 63-78.
    Search in Google ScholarBack to article
  85. Kaygısız, Durgun, A., Kaya Göze, D. and Kösekahyaoğlu, L. Saving, Investment, Current Account Deficit and Growth in Turkey: A Causality Analysis on the 1980-2014 Period. Çankırı Karatekin University Journal of Social Sciences Institute 7(1), 2016, pp. 273-300. (in Turkish).
    Search in Google ScholarBack to article
  86. Dickey, D.A. and Fuller, W. A. Distributions of the Estimators forAutoregressive Time Series with a Unit Root. Journal of AmericanStatistical Association 74(366), 1979, pp. 427-481.
    Search in Google ScholarBack to article
  87. Dickey, D.A. and Fuller, W.A. Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root. Econometrica 49(4), 1981, pp. 1057-1072.
    Search in Google ScholarBack to article
  88. Phillips, P. and Perron, P. Testing for a Unit Root in Time Series Regression. Biometrica 75(2), 1988, pp. 335-346.
    Search in Google ScholarBack to article
  89. Lee, J. and Strazicich, M.C. Minimum LM Unit Root Test with TwoStructural Breaks. Review of Economics and Statistics 63, 2003, pp. 1082-1089.
    Search in Google ScholarBack to article
  90. Toda, H. Y. and Yamamoto, T. Statistical Inference in Vector Autoregressions with Possibly Integrated Processes. Journal of Econometrics 66(1–2), 1995, pp. 225–250.
    Search in Google ScholarBack to article
  91. Dickey, D.A. and Fuller, W. A. Distributions of the Estimators forAutoregressive Time Series with a Unit Root. Journal of AmericanStatistical Association 74(366), 1979, pp. 427-481.
    Search in Google ScholarBack to article
  92. Dickey, D. A. and Fuller, W. A. Likelihood Ratio Statistics for AutoregressiveTime Series with a Unit Root. Econometrica 49(4), 1981, pp. 1057-1072.
    Search in Google ScholarBack to article
  93. Phillips, P. and Perron, P. Testing for a Unit Root in Time Series Regression. Biometrica 75(2), 1988, pp. 335-346.
    Search in Google ScholarBack to article
  94. Lee, J. and Strazicich, M.C. Minimum LM Unit Root Test with TwoStructural Breaks. Review of Economics and Statistics 63, 2003, pp. 1082-1089.
    Search in Google ScholarBack to article
  95. Toda, H. Y. and Yamamoto, T. Statistical Inference in Vector Autoregressions with Possibly Integrated Processes. Journal of Econometrics 66(1–2), 1995, pp. 225–250.
    Search in Google ScholarBack to article
  96. Uçan, O. and Çebe, G. The Relationship between Economic Growth, Unemployment and Inflation in Turkey before and after the 2008 Crisis. Journal of Ömer Halisdemir University Faculty of Economics and Administrative Sciences 11(3), 2018, pp. 6-17. (in Turkish).
    Search in Google ScholarBack to article
  97. Khan, M. S. and Knight, M. D. Determinants of Current Account Balances of Non-Oil Developing Countries in the 1970s: an Empirical Analysis. IMF Staff Papers 30(4), 1983, pp. 819-842.
    Search in Google ScholarBack to article
  98. Milesi-Ferretti, G. M. and Razin, A. Sharp Reductions in Current Account Deficits: an Empirical Analysis. European Economic Review 42, 1998, pp. 897-908.
    Search in Google ScholarBack to article
  99. Bagnai, A. and Manzocchi, S. Current account reversals in developing countries: the role of fundamentals. Open Economic Review 10(10), 1998, pp. 143-163.
    Search in Google ScholarBack to article
  100. Kandil, M. and Greene, J. The Impact of Cyclical Factors on the U.S. Balance of Payments. IMF Working Paper 02/05, 2002.
    Search in Google ScholarBack to article
  101. Hermann, S. and Jochem, A. Determinants of Current Account Developments in the Central and East European EU Member States–Consequences for the Enlargement of the Euro Area. Deutsche Bundesbank Discussion Paper 32, 2005, pp. 1-43.
    Search in Google ScholarBack to article
  102. Erkılıç, S. Türkiye’de Cari Açığın Belirleyicileri, Yayınlanmamış Uzmanlık Yeterlilik Tezi, Türkiye Cumhuriyeti Merkez Bankası İstatistik Genel Müdürlüğü, 2006.
    Search in Google ScholarBack to article
  103. Karabulut, G. and Çelikel Danışoğlu, A. Factors Affecting the Growth of the Current Account Deficit in Turkey. Gazi University Journal of FEAS 8(1), 2006, pp. 47-63. (in Turkish).
    Search in Google ScholarBack to article
  104. Erbaykal, E. Are Economic Growth and Exchange Rate Effective on Current Account Deficit in Turkey? A Causality Analysis. Zonguldak Karaelmas University Journal of Social Sciences 3(6), 2007, pp. 81-88. (in Turkish).
    Search in Google ScholarBack to article
  105. Lebe, F., Kayhan, S., Adıgüzel, U. and Burak, Y. The Empirical Analysis of the Effects of Economic Growth and Exchange Rate on Current Account Deficit: Romania and Turkey Samples. Journal of Applied Quantitative Methods 4(1), 2008, pp. 69-81.
    Search in Google ScholarBack to article
  106. Çeviş, I. and Çamurdan, B. The Determinants of the Current Account Balance in Inflation Targeting Countries. İktisat İşletme ve Finans 23(270), 2008, pp. 111-131.
    Search in Google ScholarBack to article
  107. Teletar, O. M. and Terzi, H. (2009). The Relationship between Economic Growth and Current Account Balance in Turkey. Journal of Atatürk University Faculty of Economics and Administrative Sciences 23(2), 2009, pp. 119-134. (in Turkish).
    Search in Google ScholarBack to article
  108. Sekmen, F. and Çalışır, M. Is there a Trade-Off between Current Account Deficits and Economic Growth? The Case of Turkey. International Research Journal of Finance and Economics 62, 2011, pp. 166-172.
    Search in Google ScholarBack to article
  109. Yılmaz, Ö. and Akıncı, M. The Relationship between Economic Growth and Current Account Balance Sheet: The Case of Turkey. Journal of Atatürk University Institute of Social Sciences 15(2), 2011, pp. 363-377. (in Turkish).
    Search in Google ScholarBack to article
  110. Avcı, S. B. Relationship between Current Account Deficit and Economic Growth Turkey Example. Eskişehir Anadolu University Institute of Social Sciences, Department of Economics, Master’s Thesis, Eskişehir, 2015. (in Turkish).
    Search in Google ScholarBack to article
  111. Yurdakul, F. and Uçar, B. (2015). The Relationship between Current Deficit and Economic Growth: an Empirical Study on Turkey. Procedia Economics and Finance 26, 2015, pp. 101-108.
    Search in Google ScholarBack to article
  112. Göçer, I. and Gerede, C. Turkey in the Current Account Deficit-Economic Growth-Inflation and Unemployment Dilemma: a New Generation Econometric Analysis. Anadolu University Journal of Social Sciences, 2016, pp. 35-46. (in Turkish).
    Search in Google ScholarBack to article
  113. Kaygısız, Durgun, A., Kaya Göze, D. and Kösekahyaoğlu, L. Saving, Investment, Current Account Deficit and Growth in Turkey: A Causality Analysis on the 1980-2014 Period. Çankırı Karatekin University Journal of Social Sciences Institute 7(1), 2016, pp. 273-300. (in Turkish).
    Search in Google ScholarBack to article
  114. Duman, Y. The Relationship between Current Account Balance and Economic Growth in Turkey. Sakarya Journal of Economics 6(4), 2017, pp. 12-28. (in Turkish).
    Search in Google ScholarBack to article
  115. Uçak, S. Relationship between Current Account Balance and Economic Growth: Turkey Analysis. Manisa Celal Bayar University Journal of Social Sciences 15(2), 2017, pp. 108-140. (in Turkish).
    Search in Google ScholarBack to article
  116. Efeoğlu, R. and Pehlivan, C. The effects of Energy Consumption and Current Deficit on Economic Growth in Turkey. Political Economic Theory 2(1), 2018, pp. 103-123. (in Turkish).
    Search in Google ScholarBack to article
  117. Bakaç, B. Relationship between Current Account Balance and Economic Growth in Turkey. Unpublished Master Thesis. Balikesir University Institute of Social Sciences, 2019. (in Turkish).
    Search in Google ScholarBack to article
  118. Çiğdem, G. Is Economıc Growth a Problem in Terms of Current Account Defıcıt? An Empirical Approach to Vicious Circle: Case of Turkey. Diyalektolog International Journal of Social Sciences 21, 2019, pp. 215-227.
    Search in Google ScholarBack to article
  119. Kızıldere, C. Evaluation of the Current Account Deficit Problem in Turkey in Terms of Energy Consumption and Economic Growth: An Empirical Analysis. Business & Management Studies: An International Journal 8(2), 2020, pp. 2121-2139. (in Turkish).
    Search in Google ScholarBack to article
  120. Bölükbaş, M. Inflation Current Account Deficit and Banking Sector Loans in Turkey: a Review for the Period 2006-2018. Social Sciences Research Journal 8(2), 2019, pp. 77-92. (in Turkish).
    Search in Google ScholarBack to article
DOI: https://doi.org/10.2478/sh-2023-0019 | Journal eISSN: 2299-0518
Journal RSS Feed
Language: English
Page range: 34 - 49
Published on: Dec 16, 2023
Published by: University of Information Technology and Management in Rzeszow
In partnership with: Paradigm Publishing Services
Publication frequency: 4 times per year
Keywords:
economic growth,
current account deficit,
inflation,
regression,
Toda Yamamoto
Related subjects:
Business and economics,
Political economics,
Political economics, other,
Mathematics,
Logic and set theory,
Philosophy,
Philosophy, other

© 2023 Gülgün Çiğdem, published by University of Information Technology and Management in Rzeszow
This work is licensed under the Creative Commons Attribution 4.0 License.

Previous articleVolume 12 (2023): Issue 4 (December 2023)Next article