DOES COUNTRY CREDIT RATING AFFECT CURRENT DEFICIT ACCOUNT: THE CASE OF TURKEY (1992-2014)
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 t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Juraj Dobrila University of Pula
2017-07-01
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| Series: | Review of Innovation and Competitiveness |
| Subjects: | |
| Online Access: | https://hrcak.srce.hr/file/273246 |
| _version_ | 1818490529332068352 |
|---|---|
| author | Ahmet Gulmez Furkan Besel Fatih Yardimcioglu |
| author_facet | Ahmet Gulmez Furkan Besel Fatih Yardimcioglu |
| author_sort | Ahmet Gulmez |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-10T17:18:15Z |
| format | Article |
| id | doaj.art-05fb16fbdf6a43a2937fa3cb61020db5 |
| institution | Directory Open Access Journal |
| issn | 1849-8795 1849-9015 |
| language | English |
| last_indexed | 2024-12-10T17:18:15Z |
| publishDate | 2017-07-01 |
| publisher | Juraj Dobrila University of Pula |
| record_format | Article |
| series | Review of Innovation and Competitiveness |
| spelling | doaj.art-05fb16fbdf6a43a2937fa3cb61020db52022-12-22T01:40:04ZengJuraj Dobrila University of PulaReview of Innovation and Competitiveness1849-87951849-90152017-07-01322542DOES COUNTRY CREDIT RATING AFFECT CURRENT DEFICIT ACCOUNT: THE CASE OF TURKEY (1992-2014)Ahmet Gulmez Furkan Besel Fatih YardimciogluIn 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.https://hrcak.srce.hr/file/273246Account deficit; Credit rating; Gregory-Hansen co-integration test; Toda-Yamamoto causality analysis |
| spellingShingle | Ahmet Gulmez Furkan Besel Fatih Yardimcioglu DOES COUNTRY CREDIT RATING AFFECT CURRENT DEFICIT ACCOUNT: THE CASE OF TURKEY (1992-2014) Review of Innovation and Competitiveness Account deficit; Credit rating; Gregory-Hansen co-integration test; Toda-Yamamoto causality analysis |
| title | DOES COUNTRY CREDIT RATING AFFECT CURRENT DEFICIT ACCOUNT: THE CASE OF TURKEY (1992-2014) |
| title_full | DOES COUNTRY CREDIT RATING AFFECT CURRENT DEFICIT ACCOUNT: THE CASE OF TURKEY (1992-2014) |
| title_fullStr | DOES COUNTRY CREDIT RATING AFFECT CURRENT DEFICIT ACCOUNT: THE CASE OF TURKEY (1992-2014) |
| title_full_unstemmed | DOES COUNTRY CREDIT RATING AFFECT CURRENT DEFICIT ACCOUNT: THE CASE OF TURKEY (1992-2014) |
| title_short | DOES COUNTRY CREDIT RATING AFFECT CURRENT DEFICIT ACCOUNT: THE CASE OF TURKEY (1992-2014) |
| title_sort | does country credit rating affect current deficit account the case of turkey 1992 2014 |
| topic | Account deficit; Credit rating; Gregory-Hansen co-integration test; Toda-Yamamoto causality analysis |
| url | https://hrcak.srce.hr/file/273246 |
| work_keys_str_mv | AT ahmetgulmez doescountrycreditratingaffectcurrentdeficitaccountthecaseofturkey19922014 AT furkanbesel doescountrycreditratingaffectcurrentdeficitaccountthecaseofturkey19922014 AT fatihyardimcioglu doescountrycreditratingaffectcurrentdeficitaccountthecaseofturkey19922014 |