In the literature, there are claims that the emerging market economies can not reach satisfactory growth values without current account deficit. It is indicated that, as one of the biggest reasons for this result, developing countries do not have the necessary factors to increase production. In this study, it is aimed to reveal the relationship between current account balance and economic growth. For this purpose, the theoretical background of the relationship in question is examined and this relationship is analyzed empirically. In this context, primarily literature is examined and afterwards the relationship between economic growth and current account balance empirically measured by utilizing panel cointegration analysis method. The dataset used in the study is obtained from statistical information environment of World Bank. In this study a panel dataset which includes 22 emerging market economies and covers the period of 1980-2016 is constructed, Westerlund co-integration test with structural breaks is employed and ultimately research findings are investigated. As a result of the research process, it has been concluded that economic growth and current account balance is cointegtrated. Economic growth increases current account deficit in emerging market economies.
Yayımlanma Tarihi : 31 Ağustos 2020
|APA||Balmumcu, Ö , Bozkurt, K . (2020). Gelişmekte Olan Ülkelerde Ekonomik Büyüme ve Cari İşlemler Dengesi Üzerine Bir Panel Veri Analizi . Ekonomi Politika ve Finans Araştırmaları Dergisi , 5 (2) , 292-307 . DOI: 10.30784/epfad.770074|