The Validity of Twin Deficits Hyphothesis in Turkey: Bounds Testing Approach

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dc.contributor.authorBolat, Su. leyman
dc.contributor.authorBelke, Murat
dc.contributor.authorAras, Ozan
dc.date.accessioned2024-10-26T18:05:40Z
dc.date.available2024-10-26T18:05:40Z
dc.date.issued2011
dc.departmentSivas Cumhuriyet Üniversitesi
dc.description.abstractThis paper examines the validity of twin deficits hypothesis (the relationship between the budget deficit and the current account deficit) using the data period 1998:1-2010: 4 in Turkey. The paper that examines the short-run and long-run relationship between the budget deficit and the current account deficit uses the bounds testing approach. Our results show that there is no long-run relationship between the two deficits but there is a strong positive relationship between the two deficits in the short-run. When the budget deficit increases one percent, the current account deficit also increases 0,18 percent in the short-run. While the findings support the Keynesian approach that holds the validity of the twin deficits hypothesis in the short-run, they support the Ricardian equivalence hypothesis that rejects the twin deficits hypothesis in the long-run.
dc.identifier.endpage364
dc.identifier.issn1300-3623
dc.identifier.issue161
dc.identifier.startpage347
dc.identifier.urihttps://hdl.handle.net/20.500.12418/29128
dc.identifier.wosWOS:000420266500020
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.language.isotr
dc.publisherMaliye Bakanligi
dc.relation.ispartofMaliye Dergisi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectTwin Deficits
dc.subjectRicardian Equivalence Hypothesis
dc.subjectBounds Testing
dc.titleThe Validity of Twin Deficits Hyphothesis in Turkey: Bounds Testing Approach
dc.typeArticle

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