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Is the Foreign Trade Deficit Sustainable in Turkey? An Econometric Analysis

Year 2019, Volume: 14, 148 - 153, 27.03.2019

Abstract

References

  • Arize, Augustine C. 2002. "Imports and Exports in 50 Countries: Tests of Cointegration and Structural Breaks." International Review of Economics & Finance 11.1: 101-115.
  • Arize, Augustine C., and Mohsen Bahmani-Oskooee. 2017. "Do Imports and Exports Adjust Nonlinearly? Evidence from 100 Countries." Global Economy Journal 18.1.
  • Baek, Jungho. 2016. "Analyzing a Long-Run Relationship between Exports and Imports Revisited: Evidence from G-7 Countries." Economics Bulletin 36.2, 665-676.
  • Bahmani-Oskooee, Mohsen. 1994. "Are imports and Exports of Australia Cointegrated?." Journal of Economic Integration 525-533.
  • Bahmani-Oskooee, Mohsen, and Hyun-Jae Rhee. 1997. "Are Imports and Exports of Korea Cointegrated?." International Economic Journal 11.1, 109-114.
  • Banerjee, Anindya, Juan Dolado, and Ricardo Mestre. 1998. "Error‐Correction Mechanism Tests for Aointegration in A Single‐Equation Framework." Journal of time series analysis 19.3, 267-283.
  • Bayer, Christian, and Christoph Hanck. 2012. "Combining Non‐Cointegration Tests." Journal of Time Series Analysis 34.1, 83-95.
  • Boswijk, H. Peter. 1994. "Testing for An Unstable Root in Conditional and Structural Error Correction Models." Journal of econometrics 63.1, 37-60.
  • Enders, Walter. 2010. Applied Econometric Time Series, Wiley, New York.
  • Engle, Robert F., and Clive WJ Granger. 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing." Econometrica: journal of the Econometric Society 251-276.
  • Fisher, Ronald Aylmer. 1932. Statistical Methods for Research Workers, In: Breakthroughs in Statistics, Springer, New York.
  • Göktaş, Özlem. 2005. Teorik ve Uygulamalı Zaman Serileri Analizi. İstanbul: Beşir Kitabevi.
  • Göktaş, Özlem. 2011. “Türkiye Ekonomisinde Bütçe Açığının Sürdürülebilirliğinin Analizi”. Ekonometri ve İstatistik e-Dergisi, (8), 45-64.
  • Gujarati, Damodar N. 1999. Basic Econometrics. Mc Graw Hill.3rd Edition. İstanbul: Literatür Yayıncılık.
  • Herzer, Dierk, and Felicitas Nowak-Lehmann D. 2006. "Is There a Long-run Relationship between Exports and Imports in Chile?." Applied Economics Letters 13.15, 981-986.
  • Hussein, Jamal. 2014. "Are Exports and Imports Cointegrated? Evidence from Nine MENA Countries." Applied Econometrics and International Development 14.1, 123-132.
  • Husted, Steven. 1992. "The Emerging US Current Account Deficit in the 1980s: A Cointegration Analysis." The Review of Economics and Statistics 159-166.
  • Irandoust, Manuchehr, and Johan Ericsson. 2004. "Are Imports and Exports Cointegrated? An International Comparison." Metroeconomica 55.1, 49-64.
  • Johansen, Søren. 1988. "Statistical Analysis of Cointegration Vectors." Journal of Economic Dynamics and Control 12.2-3, 231-254.
  • Konya, Laszlo, and Jai Pal Singh . 2008 “Are Indian Exports and Imports Cointegrated?” Applied Econometrics and International Development, Vol. 8, No. 2, 2008.
  • Kumar Narayan*, Paresh, and Seema Narayan. 2005. "Are Exports and Imports Cointegrated? Evidence from 22 Least Developed Countries." Applied Economics Letters 12.6, 375-378.
  • Mukhtar, Tahir, and Sarwat Rasheed. 2010. "Testing Long Run Relationship between Exports and Imports: Evidence from Pakistan." Journal of Economic Cooperation and Development 31.1, 41-58.
  • Perera, Nelson, and Reetu Verma. 2008. "An Empirical Analysis of Sustainability of Trade Deficit: Evidence from Sri Lanka." (2008). International Journal of Applied Econometrics and Quantitative Studies, 5(1), 71-92.
  • Phillips, Peter CB, and Bruce E. Hansen. 1990. "Statistical Inference in Instrumental Variables Regression with I (1) Processes." The Review of Economic Studies 57.1, 99-125.
  • Pillay, Sagaren. 2014. "The Long Run Relationship between Exports and Imports in South Africa: Evidence from Cointegration Analysis." International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering 8.6, 113-128.
  • Quintos, Carmela E. 1995. "Sustainability of the Deficit Process with Structural Shifts." Journal of Business & Economic Statistics 13.4, 409-417.
  • Stock, James H., and Mark W. Watson. 1993. "A Simple Estimator of Cointegrating Vectors in Higher Order İntegrated Systems." Econometrica: Journal of the Econometric Society 783-820.
  • Tang, Tuck Cheong. 2006. "A New Approach to Examining the Sustainability of External İmbalances: The Case of Japan." Applied Economics Letters 13.5, 287-292.

Türkiye’de Dış Ticaret Açığı Sürdürülebilir mi? Ekonometrik Bir Analiz

Year 2019, Volume: 14, 148 - 153, 27.03.2019

Abstract

Son yıllarda Türkiye ekonomisinin önemli sorunlarından biri haline gelen
dış ticaret açığı gündemdeki yerini korumaktadır. Bu çalışmada 1984:01-2017:04
dönemi veriler kullanılarak Türkiye’de dış ticaret açığının sürdürülebilir olup
olmadığı araştırılmıştır. Çalışmada sürdürülebilirliğin analizi için yöntem
olarak Quintos (1995) tarafından önerilen ve değişkenler arasında eşbütünleşme
ilişkisinin test edilmesine dayanan yöntem kullanılmıştır. Seriler arasında
eşbütünleşme ilişkisinin varlığı, Bayer ve Hanck (2012) tarafından önerilen
eşbütünleşme testi ile araştırılmış,
uzun dönem eşbütünleşme katsayıları ise DOLS ve FMOLS yöntemleri ile
tahmin edilmiştir. Çalışma sonucunda elde edilen bulgular Türkiye’de uzun
dönemde dış ticaret açığının zayıf sürdürülebilir olduğunu göstermektedir.

References

  • Arize, Augustine C. 2002. "Imports and Exports in 50 Countries: Tests of Cointegration and Structural Breaks." International Review of Economics & Finance 11.1: 101-115.
  • Arize, Augustine C., and Mohsen Bahmani-Oskooee. 2017. "Do Imports and Exports Adjust Nonlinearly? Evidence from 100 Countries." Global Economy Journal 18.1.
  • Baek, Jungho. 2016. "Analyzing a Long-Run Relationship between Exports and Imports Revisited: Evidence from G-7 Countries." Economics Bulletin 36.2, 665-676.
  • Bahmani-Oskooee, Mohsen. 1994. "Are imports and Exports of Australia Cointegrated?." Journal of Economic Integration 525-533.
  • Bahmani-Oskooee, Mohsen, and Hyun-Jae Rhee. 1997. "Are Imports and Exports of Korea Cointegrated?." International Economic Journal 11.1, 109-114.
  • Banerjee, Anindya, Juan Dolado, and Ricardo Mestre. 1998. "Error‐Correction Mechanism Tests for Aointegration in A Single‐Equation Framework." Journal of time series analysis 19.3, 267-283.
  • Bayer, Christian, and Christoph Hanck. 2012. "Combining Non‐Cointegration Tests." Journal of Time Series Analysis 34.1, 83-95.
  • Boswijk, H. Peter. 1994. "Testing for An Unstable Root in Conditional and Structural Error Correction Models." Journal of econometrics 63.1, 37-60.
  • Enders, Walter. 2010. Applied Econometric Time Series, Wiley, New York.
  • Engle, Robert F., and Clive WJ Granger. 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing." Econometrica: journal of the Econometric Society 251-276.
  • Fisher, Ronald Aylmer. 1932. Statistical Methods for Research Workers, In: Breakthroughs in Statistics, Springer, New York.
  • Göktaş, Özlem. 2005. Teorik ve Uygulamalı Zaman Serileri Analizi. İstanbul: Beşir Kitabevi.
  • Göktaş, Özlem. 2011. “Türkiye Ekonomisinde Bütçe Açığının Sürdürülebilirliğinin Analizi”. Ekonometri ve İstatistik e-Dergisi, (8), 45-64.
  • Gujarati, Damodar N. 1999. Basic Econometrics. Mc Graw Hill.3rd Edition. İstanbul: Literatür Yayıncılık.
  • Herzer, Dierk, and Felicitas Nowak-Lehmann D. 2006. "Is There a Long-run Relationship between Exports and Imports in Chile?." Applied Economics Letters 13.15, 981-986.
  • Hussein, Jamal. 2014. "Are Exports and Imports Cointegrated? Evidence from Nine MENA Countries." Applied Econometrics and International Development 14.1, 123-132.
  • Husted, Steven. 1992. "The Emerging US Current Account Deficit in the 1980s: A Cointegration Analysis." The Review of Economics and Statistics 159-166.
  • Irandoust, Manuchehr, and Johan Ericsson. 2004. "Are Imports and Exports Cointegrated? An International Comparison." Metroeconomica 55.1, 49-64.
  • Johansen, Søren. 1988. "Statistical Analysis of Cointegration Vectors." Journal of Economic Dynamics and Control 12.2-3, 231-254.
  • Konya, Laszlo, and Jai Pal Singh . 2008 “Are Indian Exports and Imports Cointegrated?” Applied Econometrics and International Development, Vol. 8, No. 2, 2008.
  • Kumar Narayan*, Paresh, and Seema Narayan. 2005. "Are Exports and Imports Cointegrated? Evidence from 22 Least Developed Countries." Applied Economics Letters 12.6, 375-378.
  • Mukhtar, Tahir, and Sarwat Rasheed. 2010. "Testing Long Run Relationship between Exports and Imports: Evidence from Pakistan." Journal of Economic Cooperation and Development 31.1, 41-58.
  • Perera, Nelson, and Reetu Verma. 2008. "An Empirical Analysis of Sustainability of Trade Deficit: Evidence from Sri Lanka." (2008). International Journal of Applied Econometrics and Quantitative Studies, 5(1), 71-92.
  • Phillips, Peter CB, and Bruce E. Hansen. 1990. "Statistical Inference in Instrumental Variables Regression with I (1) Processes." The Review of Economic Studies 57.1, 99-125.
  • Pillay, Sagaren. 2014. "The Long Run Relationship between Exports and Imports in South Africa: Evidence from Cointegration Analysis." International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering 8.6, 113-128.
  • Quintos, Carmela E. 1995. "Sustainability of the Deficit Process with Structural Shifts." Journal of Business & Economic Statistics 13.4, 409-417.
  • Stock, James H., and Mark W. Watson. 1993. "A Simple Estimator of Cointegrating Vectors in Higher Order İntegrated Systems." Econometrica: Journal of the Econometric Society 783-820.
  • Tang, Tuck Cheong. 2006. "A New Approach to Examining the Sustainability of External İmbalances: The Case of Japan." Applied Economics Letters 13.5, 287-292.
There are 28 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Mehmet Dağ 0000-0003-2206-2184

Fatma Kızılkaya This is me

Publication Date March 27, 2019
Published in Issue Year 2019 Volume: 14

Cite

APA Dağ, M., & Kızılkaya, F. (2019). Türkiye’de Dış Ticaret Açığı Sürdürülebilir mi? Ekonometrik Bir Analiz. Yaşar Üniversitesi E-Dergisi, 14, 148-153.
AMA Dağ M, Kızılkaya F. Türkiye’de Dış Ticaret Açığı Sürdürülebilir mi? Ekonometrik Bir Analiz. Yaşar Üniversitesi E-Dergisi. March 2019;14:148-153.
Chicago Dağ, Mehmet, and Fatma Kızılkaya. “Türkiye’de Dış Ticaret Açığı Sürdürülebilir Mi? Ekonometrik Bir Analiz”. Yaşar Üniversitesi E-Dergisi 14, March (March 2019): 148-53.
EndNote Dağ M, Kızılkaya F (March 1, 2019) Türkiye’de Dış Ticaret Açığı Sürdürülebilir mi? Ekonometrik Bir Analiz. Yaşar Üniversitesi E-Dergisi 14 148–153.
IEEE M. Dağ and F. Kızılkaya, “Türkiye’de Dış Ticaret Açığı Sürdürülebilir mi? Ekonometrik Bir Analiz”, Yaşar Üniversitesi E-Dergisi, vol. 14, pp. 148–153, 2019.
ISNAD Dağ, Mehmet - Kızılkaya, Fatma. “Türkiye’de Dış Ticaret Açığı Sürdürülebilir Mi? Ekonometrik Bir Analiz”. Yaşar Üniversitesi E-Dergisi 14 (March 2019), 148-153.
JAMA Dağ M, Kızılkaya F. Türkiye’de Dış Ticaret Açığı Sürdürülebilir mi? Ekonometrik Bir Analiz. Yaşar Üniversitesi E-Dergisi. 2019;14:148–153.
MLA Dağ, Mehmet and Fatma Kızılkaya. “Türkiye’de Dış Ticaret Açığı Sürdürülebilir Mi? Ekonometrik Bir Analiz”. Yaşar Üniversitesi E-Dergisi, vol. 14, 2019, pp. 148-53.
Vancouver Dağ M, Kızılkaya F. Türkiye’de Dış Ticaret Açığı Sürdürülebilir mi? Ekonometrik Bir Analiz. Yaşar Üniversitesi E-Dergisi. 2019;14:148-53.