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MALİ AÇIK - CARİ İŞLEMLER DENGESİ ETKİLEŞİMİ: SEÇİLMİŞ AVRUPA BİRLİĞİ ÜLKELERİ İÇİN NEDENSELLİK YAKLAŞIMI
2015
Journal:  
Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi
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Abstract:

This study tests the causal relationship between the budget deficit and current account deficit for nine European countries we selected by employing the panel Granger causality analysis developed by Kónya (2006). The econometric method we used in this study takes into account cross section dependence. Panel Granger test results under the cross sectional dependence show that there is a validity of unidirectional causality from budget deficit to current account deficit pointing as twin deficit hypothesis supported by Keynesian view for Austria, Italy, Portugal, and Spain. In the empirical results, we found that there is no relationship between budget

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Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi

Field :   Sosyal, Beşeri ve İdari Bilimler

Journal Type :   Ulusal

Metrics
Article : 486
Cite : 2.230
2023 Impact : 0.312
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Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi