The Empirical Analysis of the Effects of Economic Growth and Exchange Rate on Current Account Deficit: Romania and Turkey Samples
Journal Title: Journal of Applied Quantitative Methods - Year 2009, Vol 4, Issue 1
Abstract
The aim of this study is to analyse the effects of economic growth and real effective exchange rate on current account deficit for Romania and Turkey using Structural Vector Autoregressive Analysis (SVAR). For this purpose, GDP, Real Effective Exchange Rate and Balance of Current Account Data of Turkey and Romania between the dates including 1997q2-2007q3 were used. Consequently, the shock of economical growth has revealed 82 % of variance fault estimation for Turkey and 79 % for Romania. Thus, It can be said that the changeability of economical growth is the most important reason for national current account deficit for both countries.
Authors and Affiliations
Fuat LEBE, Selim KAYHAN, Uğur ADIGÜZEL, Burak YİĞİT
Keywords
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