Author/Authors
bedir, serap erzurum teknik üniversitesi - iktisadi ve idari bilimler fakültesi, Turkey , özdemir, dilek atatürk üniversitesi - iktisadi ve idari bilimler fakültesi, Turkey , bozkurt, eda atatürk üniversitesi - açıköğretim fakültesi, Turkey
Title Of Article
The Relationship Between Private, Public and Foreign Savings in Turkey
شماره ركورد
44578
Abstract
Domestic savings are the primary sources of financing for sustainable economic growth. In recent years, the transformation in domestic savings in Turkey has increased dependency on foreign savings. Therefore, the relationship between private, public and foreign savings has become a more significant and debatable issue for Turkey. This study investigates the relationship among private, public and foreign savings in Turkey from 1984 to 2014. This study analyzes the stability of the series using the multiple structural break unit root test of Lee and Strazicich (2003). Cointegration is examined using of Maki’s (2012) cointegration test with multiple structural breaks, and cointegration coefficients are estimated using the dynamic ordinary least squares method. The analysis results indicate that there is a negative and incomplete Ricardian Equivalence Hypothesis between private and public savings. Furthermore, it is determined that foreign savings have a negative, or substitutive, effect on private savings.
From Page
265
NaturalLanguageKeyword
Ricardian Equivalence Hypothesis , Foreign Saving , Cointegration Test
JournalTitle
Ege Academic Review (EAR)
To Page
280
JournalTitle
Ege Academic Review (EAR)
Link To Document