THE IMPACT OF CAPITAL FLOWS ON CURRENT ACCOUNT DEFICIT FOR TURKEY
Authors
-
Nebile KORUCU GÜMÜŞOĞLU
İstanbul Kültür University/TURKEY
0000-0003-3308-4362
-
Sinan ALÇIN
İstanbul Kültür University/TURKEY
0000-0002-2330-0693
Views
603
Abstract
The impact of capital flows on macroeconomic variables is widely studied in applied literature. In this context, this paper aims to analyze the impact of short-term capital flows and foreign direct investment on current account deficit for Turkey by using quarterly data for the time period 1998-2015. We find out a positive and significant relationship between capital flows and current account deficit and negative insignificant relationship between capital flows and foreign direct investment. We use vector autoregression (VAR) model and impulse responses to analyze dynamics between variables.
Keywords:
Capital flows, Foreign direct investment, Current account deficit, TurkeyDownloads
Downloads
Published
Issue
Section
How to Cite
License
Copyright (c) 2019 Holistence Publications
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
1. Authors retain copyright and grant the journal right of first publication, with the work simultaneously licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0) that allows others to share and adapt the work with an acknowledgement of the work's authorship and initial publication in this journal.
2. Everyone who is listed as an author in this article should have made a substantial, direct, intellectual contribution to the work and should take public responsibility for it.
