%0 Journal Article
%T DOES COUNTRY CREDIT RATING AFFECT CURRENT DEFICIT ACCOUNT: THE CASE OF TURKEY (1992-2014)
%A Besel
%A Furkan
%A Gulmez
%A Ahmet
%A Yardimcioglu
%A Fatih
%J -
%D 2017
%R 10.32728/ric.2017.32/2
%X Sa£żetak In this study the presence and direction of the relationship between the current account deficit and credit rating index for Turkey has been tested using Gregory-Hansen co-integration test, which considers structural breaks and Toda-Yamamoto causality analysis for the period of 1992-2014. Based on the results of empirical applications, it has been concluded that both series are not stable and there is a long-term relationship between the variables. As a result of the Toda-Yamamoto method based on the Granger causality analysis, it has been determined that there is a one-way causal relationship between the variables from current account deficit towards credit rating index
%K Account deficit
%K Credit rating
%K Gregory-Hansen co-integration test
%K Toda-Yamamoto causality analysis
%U https://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=273246