Özet:

The Triple Deficit Hypothesis arises when the current account deficit is determined simultaneously by the public budget deficit and the savings deficit. In the study, Turkey's period of 1980-2021 is discussed in the context of the Triple Open Hypothesis. While a negative relationship was found between the budget balance and the current account balance in the long run with the econometric analysis using the ARDL method, no statistically significant relationship was found between the savings balance and the current account balance. As a result of the analysis, it was concluded that the Triple Open Hypothesis was not valid in Turkey in the relevant period. Accordingly, it is seen that policy makers have to compromise on budget discipline in order to improve the current account balance in the long run. Some suggestions have been made, such as policy makers turning to structural solutions without compromising budget discipline in order to reverse this relationship, in other words, to ensure external balance.

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