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dc.contributor.authorIyidogan, Pelin Varol
dc.contributor.authorTuran, Taner
dc.date.accessioned2019-12-23T08:52:07Z
dc.date.available2019-12-23T08:52:07Z
dc.date.issued2018
dc.identifier.issn1452-595X
dc.identifier.urihttps://doi.org/10.2298/PAN141102007I
dc.identifier.urihttp://hdl.handle.net/11655/21302
dc.description.abstractThis study aims to examine the sustainability of current account deficits for Hungary, Poland, Czech Republic and Turkey over the period 199801:201402, with a special attention to the Turkish case, by applying the theoretical model of Steven Husted (1992). The main motive for the choice of time span is that the period comprises the outcomes of two important crises Turkish economy experienced in 2001 and 2008. The empirical testing procedure of the sustainability is twofold so as to be linear and non-linear. Both linear and non-linear test results provide evidence that the current account deficit is unsustainable for Turkey, Poland and Czech Republic. On the other hand, linear and non-linear test results lead to a conflicting evidence for Hungary. We conclude that there is a need to reduce the current account deficit for the countries examined. Otherwise, a sharp adjustment may be inevitable.
dc.language.isoen
dc.publisherSavez Ekonomista Vojvodine
dc.relation.isversionof10.2298/PAN141102007I
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectBusiness & Economics
dc.titleCurrent Account Sustainability: A Non-Linear Comparative Empirical Overview
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion
dc.relation.journalPanoeconomicus
dc.contributor.departmentMaliye
dc.identifier.volume65
dc.identifier.issue4
dc.identifier.startpage411
dc.identifier.endpage426
dc.description.indexWoS
dc.description.indexScopus


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