Foreign Trade Deficit Sustainability of Turkey

Burak Güriş (bguris@istanbul.edu.tr) and Burcu Kiran

Economic Studies journal, 2011, issue 1, 167-174

Abstract: This paper examines whether the foreign trade deficit of Turkey is sustainable or not by using three-regime threshold autoregressive unit root test of Kapetanious and Shin (2006). Three models are estimated including linear OLS, two-regime self-exciting threshold autoregressive and three-regime self-exciting threshold autoregressive models. The three-regime threshold autoregressive model is chosen as appropriate model for foreign trade deficit of Turkey by employing sup-Wald test. The finding results of the three-regime threshold autoregressive unit root test indicate that Turkey’s foreign trade deficit is not sustainable.

JEL-codes: C22 F10 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2011:i:1:p:167-174

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