@article{article_466391, title={The Causality Between Current Account Deficit and Economic Growth: The Case of Visegrad Four}, journal={Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi}, volume={7}, pages={35–40}, year={2019}, DOI={10.18506/anemon.466391}, author={Sağlam, Yağmur and Erataş Sönmez, Filiz}, keywords={Current Account Deficit,Economic Growth,Panel Data Analysis}, abstract={<p> <span lang="en-us" style="font-size:9pt;line-height:107%;font-family:Calibri, sans-serif;" xml:lang="en-us">The purpose of this study is to determine the causality between the
current account deficit and economic growth for Visegrad Four (Poland, Czech
Republic, Hungary, Slovakia). In this context, an empirical model was developed
in the scope of the panel data analysis using annual data for the period of
1993-2015. Firstly, heterogeneity of the variables was investigated using the
delta test, and then cross section dependency and unit root were examined
respectively by the CDlm test and Hadri-Kurozumi (2012) test. After the
existence of the cointegration relationship between the series was proved by
using the Durbin H cointegration test, Dumitrescu-Hurlin panel causality test
was applied. According to the empirical results, in the long run there is one-way
causality from current account deficit to the economic growth in Visegrad Four. </span> <br /> </p>}, number={3}, publisher={Mus Alparslan University}