Evaluation of Current Account Deficit Problem in Turkey in terms of Real Exchange Rate and Dependency of Export to Import

Gökhan Sönmezler, Umut Akduğan and İ. Orçun Gündüz
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Gökhan Sönmezler: Trakya University
Umut Akduğan: Trakya University
İ. Orçun Gündüz: Trakya University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2017, vol. 32, issue 108, 106-120

Abstract: In the study, it is aimed to analyse both the impacts of the real exchange rate in Turkey on the balance of foreign trade and the dependency of export to import in the segregation of intermediate goods, consumer goods, and raw material for 2003-2015 term. Accordingly, the relationships between variables are investigated through the Johansen cointegration approach, the vector error cor¬rection model, and the Granger causality test. The findings show that real exchange rate influences, in the long run, the import and export of intermediate goods, the import and export of consumer goods, and the aggregate export and import.

Keywords: Current Account Deficit; Real Exchange Rate; Im¬port Dependency; Johansen Cointegration Approach (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:32:y:2017:i:108:p:106-120

DOI: 10.33203/mfy.357671

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