BALANCE OF PAYMENTS CONSTRAINED GROWTH IN TURKEY: EVIDENCE FROM ARDL BOUND TESTING APPROACH
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Dosyalar
Tarih
2009
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Vilnius Univ
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The aim of this study is to empirically test lite validity of Thirlwall's Law in Turkey during the period of 1980:1-2006:4 using an Autoregressive Distributed Lag (ARDL) Bounds testing approach. The empirical results reveal that import is cointegrated with relative price and income. The estimates of the long run elasticities from this function are used to compute the equilibrium growth rate. The difference between the equilibrium and actual economic growth rates are small. Nevertheless, results from regressions of equilibrium growth rates indicate that the Thirlwall's law does not hold for Turkey.
Açıklama
Anahtar Kelimeler
growth, balance of payments, Thirlwall's Law, ARDL, Bound Test, Turkey
Kaynak
Transformations in Business & Economics
WoS Q DeÄŸeri
Q2
Scopus Q DeÄŸeri
Cilt
8
Sayı
2
