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- Title
TÜRKİYE İÇİN İKİZ AÇıKLAR HİPOTEZİ TESTİ (1980-2011).
- Authors
MANGıR, Fatih
- Abstract
While traditional Keynesian theory have pointed to the budget deficits as the major cause of the trade deficits, the Ricardian Equivalence proposition, have argued that the deficits are not really twins. This paper examines the validity of twin deficits hypothesis (the relationship between the budget deficit and the current account deficit) using the data period 1980-2011 in Turkey. Using Johansen approach, the study found significant long-run relationship between current account deficits and budget deficits. The findings support the Keynesian approach that shows the existence of bi - directional (Granger) causality and holds the validity of the twin deficits hypothesis in Turkey.
- Subjects
TURKEY; KEYNESIAN economics; BUDGET deficits; BALANCE of trade; RICARDIAN equivalence theorem; COINTEGRATION
- Publication
Academic Review of Economics & Administrative Sciences, 2012, Vol 5, Issue 2, p136
- ISSN
1308-4208
- Publication type
Article