Özet:

The current account deficit is a macroeconomic indicator affecting significantly economic stability, especially in developing countries. In the relationship of the current account balance with the budget deficit and saving-investment deficits, the view that the output gap may be an important factor in exhibiting the role of the real economy on the current account deficit has become crucial today. In this context, this paper proposes to investigate quadruple deficit in BRICS and MINT countries using the Durbin-Hausman panel cointegration test and panel ARDL model during the period of 2002-2021. The findings show the Quadruple Deficit Hypothesis is valid for all panel only in the long-run period. According to country-specific results, this hypothesis is valid for Brazil, Rusia and South Africa in the short-run period while Brazil, Russia, China, Mexico, and Indoesia in the long-run period.