BibTex RIS Cite

CARİ İŞLEMLER İLE BELİRLEYİCİLERİ ARASINDAKİ ETKİLEŞİM VE ENFLASYON HEDEFLEMESİNİN CARİ İŞLEMLER DENGESİ ÜZERİNDEKİ ETKİLERİ: TÜRKİYE ÖRNEĞİ

Year 2009, Volume: 4 Issue: 2, 154 - 169, 01.03.2009

İsmail Çevis

Abstract

Çalışmanın amacı; Türkiye'de, 1990:1-2006:4 dönemi için, çeyrek yıl zaman serisi verileri kullanımıyla cari işlemler dengesi ile belirleyicileri arasındaki etkileşimi ortaya koymak ve enflasyon hedeflemesi politikasının cari işlemler dengesi üzerindeki etkilerini analiz etmektir. Çalışmada, değişkenler arasındaki dinamik ilişkileri ortaya koymak üzere VAR modeli uygulanmıştır. Model'de, cari işlemler dengesinin GSYİH'ya oranı ve cari işlemlerin standart belirleyicileri olan; reel GSYİH büyüme oranı, ihracatın ithalatı karşılama oranı, dışa açıklık düzeyi, ABD reel büyüme oranı, finansal derinleşme, reel döviz kuru, ulusal kriz endeksi ve reel faiz farklılıkları değişkenler olarak kullanılmıştır. Etki tepki fonksiyonları ile varyans ayrıştırma analizleri söz edilen makro ekonomik değişkenlerin cari işlemler bilançosu düzeltim sürecinde önemli role sahip olduklarını ortaya koymaktadır.

Keywords

Cari İşlemler Dengesi Enflasyon Hedeflemesi VAR Analizi Türkiye Cari İşlemler Dengesi Belirleyicileri

THE INTERACTION OF THE CURRENT ACCOUNT WITH ITS DETERMINANTS AND THE EFFECTS OF INFLATION TARGETING ON CURRENT ACCOUNT BALANCE: THE CASE OF TURKEY

Year 2009, Volume: 4 Issue: 2, 154 - 169, 01.03.2009

İsmail Çevis

Abstract

The objective of this paper is to characterize the interaction of the current account with its determinants and to analyze the effects of the inflation targeting policy on current account balance using quarterly time series data for Turkey from 1990:1 to 2006:4. The empirical work adopts a VAR (Vector Autoregressive) framework to capture the dynamic relationships among variables. The model contains the rate of current account in GDP and its standard determinants which are namely the real GDP growth rate, export-import coverage rate, degree of trade openness and real USA GDP growth rate as being the foreign income growth, financial deepening, real exchange rate, national currency crisis index and interest differentials. Impulse response functions and forecast error variance decompositions indicate that the mentioned macroeconomic variables well explain the current account and play an important role in current account adjustment process.

Keywords

The Current Account Balance Inflation Targeting Turkiye VAR Analysis The Determinants of the Current Account Balance

There are 0 citations in total.

Details

Primary Language Turkish
Journal Section Finance
Authors

İsmail Çevis This is me

Publication Date March 1, 2009
Published in Issue Year 2009 Volume: 4 Issue: 2

Cite

APA Çevis, İ. (2009). THE INTERACTION OF THE CURRENT ACCOUNT WITH ITS DETERMINANTS AND THE EFFECTS OF INFLATION TARGETING ON CURRENT ACCOUNT BALANCE: THE CASE OF TURKEY. Social Sciences, 4(2), 154-169. https://doi.org/10.12739/10.12739
AMA Çevis İ. THE INTERACTION OF THE CURRENT ACCOUNT WITH ITS DETERMINANTS AND THE EFFECTS OF INFLATION TARGETING ON CURRENT ACCOUNT BALANCE: THE CASE OF TURKEY. Social Sciences. March 2009;4(2):154-169. doi:10.12739/10.12739
Chicago Çevis, İsmail. “THE INTERACTION OF THE CURRENT ACCOUNT WITH ITS DETERMINANTS AND THE EFFECTS OF INFLATION TARGETING ON CURRENT ACCOUNT BALANCE: THE CASE OF TURKEY”. Social Sciences 4, no. 2 (March 2009): 154-69. https://doi.org/10.12739/10.12739.
EndNote Çevis İ (March 1, 2009) THE INTERACTION OF THE CURRENT ACCOUNT WITH ITS DETERMINANTS AND THE EFFECTS OF INFLATION TARGETING ON CURRENT ACCOUNT BALANCE: THE CASE OF TURKEY. Social Sciences 4 2 154–169.
IEEE İ. Çevis, “THE INTERACTION OF THE CURRENT ACCOUNT WITH ITS DETERMINANTS AND THE EFFECTS OF INFLATION TARGETING ON CURRENT ACCOUNT BALANCE: THE CASE OF TURKEY”, Social Sciences, vol. 4, no. 2, pp. 154–169, 2009, doi: 10.12739/10.12739.
ISNAD Çevis, İsmail. “THE INTERACTION OF THE CURRENT ACCOUNT WITH ITS DETERMINANTS AND THE EFFECTS OF INFLATION TARGETING ON CURRENT ACCOUNT BALANCE: THE CASE OF TURKEY”. Social Sciences 4/2 (March 2009), 154-169. https://doi.org/10.12739/10.12739.
JAMA Çevis İ. THE INTERACTION OF THE CURRENT ACCOUNT WITH ITS DETERMINANTS AND THE EFFECTS OF INFLATION TARGETING ON CURRENT ACCOUNT BALANCE: THE CASE OF TURKEY. Social Sciences. 2009;4:154–169.
MLA Çevis, İsmail. “THE INTERACTION OF THE CURRENT ACCOUNT WITH ITS DETERMINANTS AND THE EFFECTS OF INFLATION TARGETING ON CURRENT ACCOUNT BALANCE: THE CASE OF TURKEY”. Social Sciences, vol. 4, no. 2, 2009, pp. 154-69, doi:10.12739/10.12739.
Vancouver Çevis İ. THE INTERACTION OF THE CURRENT ACCOUNT WITH ITS DETERMINANTS AND THE EFFECTS OF INFLATION TARGETING ON CURRENT ACCOUNT BALANCE: THE CASE OF TURKEY. Social Sciences. 2009;4(2):154-69.