%0 Journal Article
%T SUSTAINABILITY OF THE CURRENT ACCOUNT DEFICT IN TURKISH ECONOMY: A PERIODIC TIME SERIES ANALYSIS WITH STRUCTURAL BREAKS (1984Q1-2017Q4)
%A Kerem KARABULUT
%A Muhammet DA£¿TAN
%A £¿mer YAL£¿INKAYA
%J -
%D 2018
%X In this study, it is aimed to investigate the sustainability of the current account deficit level in Turkish economy, where the process of financially international expansion has accelerated until the 1980¡¯s, under the interperiod model developed by Husted (1992). In line with this purpose, sustainability level of the current account deficit in Turkish economy is examined periodically in a comparative perspective by using time series analysis methodology with structural breaks for the periods 1984:Q12001:Q4, 2002:Q1-2017:Q4, and 1984:Q1-2017:Q4. As a result of the study, it is determined that the current account deficit in Turkish economy is strongly sustainable in the period 1984:Q1-2001:Q4 while it is unsustainable or weakly sustainable in the periods 2017: Q4 and 1984:Q1-2017:Q4. It is also determined that the unsustainability of the current account deficit is at its highest level or the sustainability of the current account deficit in a weak form is at its lowest level in the period 2002:Q1-2017:Q4. These results indicate a necessity of the development and the treatment of monetary and fiscal policy measures to remove the deficit between export revenues and import expenditures and reduce the current account deficit
%K Cari £¿£¿lemler A£¿£¿£¿£¿n£¿n S¨¹rd¨¹r¨¹lebilirli£¿i
%K D£¿nemleraras£¿ B¨¹t£¿e K£¿s£¿t£¿ Modeli
%K T¨¹rkiye Ekonomisi
%K Yap£¿sal K£¿r£¿lmal£¿ Zaman Serisi Analizi
%U http://dergipark.org.tr/jlecon/issue/43542/532489