TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY
The main indicators affecting short and longterm macroeconomic stability are budget deficits, current account deficit and savings deficits expressed as savings-investment imbalance. In the literature of Economics and Finance, there are many national and international studies on Twin Deficits Hypothe...
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Mehmet Akif Ersoy University
2022-11-01
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| Series: | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
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| Online Access: | https://dergipark.org.tr/en/download/article-file/1316797 |
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| author | Murat Akkaya |
| author_facet | Murat Akkaya |
| author_sort | Murat Akkaya |
| collection | DOAJ |
| description | The main indicators affecting short and longterm macroeconomic stability are budget deficits, current account deficit and savings deficits expressed as savings-investment imbalance. In the literature of Economics and Finance, there are many national and international studies on Twin Deficits Hypothesis. The triple deficit is also the balance of imbalance. The Triple Deficit Hypothesis is based on the relationship between the budget balance expressed as internal balance and the balance of savings and the current account balance representing the external balance. The main purpose of this study is to create a Triple Deficit Pressure Index for Turkey in 1998 - 2019 period. In addition, leading indicators that cause financial crises are investigated using the Triple Deficit Pressure Index. The study proves that Triple Deficit Pressure Index is valid in Turkey. In addition, there is one-way Granger causality for the Trıple Defıcıt Pressure Index. |
| format | Article |
| id | doaj-art-cf1c13d9b43f4c90b301ce9488801215 |
| institution | Kabale University |
| issn | 2149-1658 |
| language | English |
| publishDate | 2022-11-01 |
| publisher | Mehmet Akif Ersoy University |
| record_format | Article |
| series | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
| spelling | doaj-art-cf1c13d9b43f4c90b301ce94888012152025-01-27T13:59:22ZengMehmet Akif Ersoy UniversityMehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi2149-16582022-11-01931507152110.30798/makuiibf.802005273TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEYMurat Akkaya0https://orcid.org/0000-0002-7071-8662T.C. İstanbul Arel ÜniversitesiThe main indicators affecting short and longterm macroeconomic stability are budget deficits, current account deficit and savings deficits expressed as savings-investment imbalance. In the literature of Economics and Finance, there are many national and international studies on Twin Deficits Hypothesis. The triple deficit is also the balance of imbalance. The Triple Deficit Hypothesis is based on the relationship between the budget balance expressed as internal balance and the balance of savings and the current account balance representing the external balance. The main purpose of this study is to create a Triple Deficit Pressure Index for Turkey in 1998 - 2019 period. In addition, leading indicators that cause financial crises are investigated using the Triple Deficit Pressure Index. The study proves that Triple Deficit Pressure Index is valid in Turkey. In addition, there is one-way Granger causality for the Trıple Defıcıt Pressure Index.https://dergipark.org.tr/en/download/article-file/1316797finansal krizüçüz açık baskı endeksimodellemetürkiyefinancial crisistripal deficit pressure indexmodelingturkey |
| spellingShingle | Murat Akkaya TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi finansal kriz üçüz açık baskı endeksi modelleme türkiye financial crisis tripal deficit pressure index modeling turkey |
| title | TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY |
| title_full | TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY |
| title_fullStr | TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY |
| title_full_unstemmed | TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY |
| title_short | TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY |
| title_sort | triple deficit pressure index and estimation of the financial crisis the case of turkey |
| topic | finansal kriz üçüz açık baskı endeksi modelleme türkiye financial crisis tripal deficit pressure index modeling turkey |
| url | https://dergipark.org.tr/en/download/article-file/1316797 |
| work_keys_str_mv | AT muratakkaya tripledeficitpressureindexandestimationofthefinancialcrisisthecaseofturkey |