ISSN 1300-1868
 

Original Research (Original Article) 


English Title Not Available [Turkish Title:İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)]

Ahmet ZENGİN.

Cited by (3)

Abstract
According to achieved empirical results main conclusions are as follows: (1) a direct causal relation exists from budget deficits to trade deficits as expected in conventional theory. This causality has alsa feedback; (2) the relations among exchange rate, inflatian and money supply indicate a vicious circle explanation; (3) treasury interest rates have direct impact on the trade balance. Financing method of budget deficits caused interest rates to be the most im portant variable w i thin the economy; ( 4) there is a sensitive balance among real domestic income, money supply and infiation; (5) there is no any direct connection between exchange rates and foreign trade balance. Exchange rates have impact on the trade balance only through budget balance. An important implication of this study is that the fundamental problem of Turkish economy stems from internal imbalances. For this reason, a stabilization program should begin with correcting the internal aspect of the issue. An improvement in internal balance would have a positive effect on the external balance as well.

Key words: na



İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)

Ozet
yok

Anahtar Kelimeler: yok


 
ARTICLE TOOLS
Abstract
PDF Fulltext
Print this article Print this Article
How to cite this articleHow to cite this article
Citation Tools
Related Records
 Articles by Ahmet ZENGİN
on Google
on Google Scholar
Article Statistics
 Viewed: 5246
Downloaded: 867
Cited: 3


REFERENCES
Abell, J.D.(1990), "Twin Deficits During The 1980s: An Empirical Investigation", Journal Of Macroeconomics, 12( 1), 81-96. [DOI via Crossref]   
__ .(1990), "The Role Of The Budget Deficit During The Rise Of The Dollar Exchange Rate From 1979-1985", Southern Economic Journal, 14, 66-74.
Adams, C. and Gross, D.(1986), "The Consequences Of Real Exchange Rate: Rules For Inflation'', Imf Staff Papers, 33, 439-476. [DOI via Crossref]   
Aþýkoðlu, Y.(1992), "Strategic Issues In Exchange Rate Liberalization: A Critica! Evaluation Of The Turkish Experience", London: Leigh University Press
Barro, R.J.(1974), "Are Government Bonds Net Wealth?" Journal Of Political Economy, 82, 1095-117. [DOI via Crossref]   
Bernheim, B.D.(1987), "Budget Deficits And The Balance Of Trade", Mitt Press
Bernstein, P.L. and Heilbroner, R.L.(1991), "The Relationship Between The Budget DeficitAnd The Savingllnvestment Imbalance In The U.S.: Fact, Fancies, And Prescriptions", In James M. Rock (Ed.), Debt And The Twin Deficits Debate, Mayfield Publishing Company, California, 109-131.
__ .(1988), "Budget Deficits And The Balance Of Trade", Mitt Press
Bilgili, F ve Bilgili .. E.(1998), "Bütçe Açýðýnýn Cari Ýþlemler Dengesi Üzerindeki Etkileri: Teori ve Uygulama", Ýktisat, Ýþletme ve Finans Dergisi, 4-16.
Carmihael, J. and Peter,W.S.(1983) "Fisher's Paradox and The Theory of Interest", American Economic Review, September,619-30.
Caremza, W. and Deadman D.(1992) "New Directions in Econometric Practice", Edward Edgar Publishing Limited, England, 1992
Darrat, A.F. (1986), "Money, InflationAnd Causality In The NorthAfrican Countries: An Empirical Investigation", Journal Of Macroeconomics, 8; 87-103.
Darrat, A.F.(1988), "Have Large Budget Deficits Caused Rising Trade Deficits?", Southern Economic Journal, 54, 879-87. [DOI via Crossref]   
Devald, W.G. and Ulan. M. (1990), ''The Twin-Deficit Illusion" Cato Journal, (9),3, Winter, 689 - 707.
Doan.(1992), Rats User's Manual. Evanston, III.: Estima
Enders, W.(1995), Applied Econometric Time Series, Iowa State University, New York
Enders, W. and LEE, B.S. (1990) "current Account and Budget Deficits: Twins or Distant Cousins ?"Review of Economics and Statistics, 72,3, 373 - 81.
Evans, P.(1988), "Do Budget DeficitsAffect The CurrentAccount?" Paper, Ohio State University
Evans, P.D.,(1984) "Do Large Deficits Produce High Interest Rates?" American Economic Review, March, 11-29.
Feldstein, M.S.(1982), "Government Deficits And Aggregate Demand" Journal Of Monetary Economics, January, 1-20. [DOI via Crossref]   
Hall, R.E. and Taylor, J.B. (1993), "Macro Economics, 4th ed .. , WW. Norton Company, NewYork
Helliwell, J.F. (1991), " The fiscal Deficit, Splings but not Twins", In Rudolph G. Penner (ed), The Great Fiscal Experiment, Urban Institute Press, Washington, Hoelscher, G.P. "New Evidence on Deficits and Interest Rates "Southern Economic Journal, 50, February, 319-33.
Kearney, C., and Monadjemi M.S.(1987), "Australia's Twin Deficit Problem", Working Paper, Gentre For Applied Economic Research, University Of New South Wales, 95
Lutkepohl, H.(1982),"Non-Causality Due To Omitted Variables", Journal Of Econometrics, 19, 367-78. [DOI via Crossref]   
Miller, S.M. and Frank S.R.(1989), "Are The Twin Deficits Really Related?" Contemporary Policy /ssues, October, 91-115. [DOI via Crossref]   
Öniþ, Z. and Özmucur, 8.(1990) "Exchange Rates, Inflation And Money Supply In Turkey, 'Thsting The Vicious Circle Hypothesis", Journal Of Development Economics, 32,133-154, North-Molland
Rosenweig, J., A., and Tallman, E.,W. (1991) "Fiscal Policy And Trade Adjustment: Are The Deficits Really Twins?" Working Paper, 91, 2, Atlanta.
Runkle, D.E.(1987),Vector Autoregressions And Reality'', Journal Of Business And Economic Statistics, Number: 5, Nr: 4, (1987), 437-42.
Seyidog-lu, H.(1998), Uluslararasý Ýktisat, 'Thori, Politika ve Uygulama, Geliþtirilmiþ 12. Baský, Ýstanbul
Sims, C.(1980),"Macroeconomics And Reality''. "Econometria 48, 1-49."
Stock, J.H. and Watson, M.W.(1989a) "Interpreting The Evidence On Money-Income Causality'', Journal Of Econometrics, : 40, 161-81.
Ülengin,B.,(1995),"Bütçe Açýðý, Parasal Büyüme, Enflasyon, Döviz Kuru, ve Üretim Arasýndaki Nedensellik Ýliþkileri: Türkiye Üzerine Bir Uygulama", Odtü Geliþim Dergisi, 22, (1), 101-116.
Volcker, P.A.(1984), "Facing Up To The Twin Deficits" Challenge, (March/April), 4-9.
Winner, L.,E. (1993), "The Relationship Of The Current Account Balance And The Budget Balance", The American Economist, 37, 2, Fall 1
Zietz, J. and D.K. Pemberton. (11989), "The U.S. Budget And Trade Deficits: A Simultaneous Equation Model" S outhem Economic Jcurnal, April , 23-24.
Thorton, D.,P. and Batten, D.,S. (1985), "Lag Length Selection and 'Thsts of Granger Causality Between Money and Income", Journal of Money and Income", Journal ofMoney, Credit and Banking, 17, 164-78. [DOI via Crossref]   

This Article Cited By the following articles

An Application on The Impact of Exchange Rate Volatility Occurring Recently in Turkey on The Foreign Trade: Cointegration and Causality Analysis
2019; 3(1): 251.

1
 
A nonlinear investigation of the twin deficits hypothesis over the business cycle: Evidence from Turkey
Economic Systems 2015; 39(1): 181.

2
 
A nonlinear investigation of the twin deficits hypothesis over the business cycle: Evidence from Turkey
Economic Systems 2014; (): .

3
 
How to Cite this Article
Pubmed Style

Ahmet ZENGIN. [English Title Not Available [Turkish Title:İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)]]. Ekonomik Yaklasim. 2000; 11(39): 37-67. Turkish. doi:10.5455/ey.10335


Web Style

Ahmet ZENGIN. [English Title Not Available [Turkish Title:İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)]]. http://www.ekonomikyaklasim.org/?mno=155656 [Access: September 21, 2019]. Turkish. doi:10.5455/ey.10335


AMA (American Medical Association) Style

Ahmet ZENGIN. [English Title Not Available [Turkish Title:İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)]]. Ekonomik Yaklasim. 2000; 11(39): 37-67. Turkish. doi:10.5455/ey.10335



Vancouver/ICMJE Style

Ahmet ZENGIN. [English Title Not Available [Turkish Title:İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)]]. Ekonomik Yaklasim. (2000), [cited September 21, 2019]; 11(39): 37-67. Turkish. doi:10.5455/ey.10335



Harvard Style

Ahmet ZENGIN (2000) [English Title Not Available [Turkish Title:İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)]]. Ekonomik Yaklasim, 11 (39), 37-67. Turkish. doi:10.5455/ey.10335



Turabian Style

Ahmet ZENGIN. 2000. [English Title Not Available [Turkish Title:İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)]]. Ekonomik Yaklasim, 11 (39), 37-67. Turkish. doi:10.5455/ey.10335



Chicago Style

Ahmet ZENGIN. "[English Title Not Available [Turkish Title:İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)]]." Ekonomik Yaklasim 11 (2000), 37-67. Turkish. doi:10.5455/ey.10335



MLA (The Modern Language Association) Style

Ahmet ZENGIN. "[English Title Not Available [Turkish Title:İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)]]." Ekonomik Yaklasim 11.39 (2000), 37-67. Print.Turkish. doi:10.5455/ey.10335



APA (American Psychological Association) Style

Ahmet ZENGIN (2000) [English Title Not Available [Turkish Title:İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)]]. Ekonomik Yaklasim, 11 (39), 37-67. Turkish. doi:10.5455/ey.10335