Author/Authors :
LEBE, Fuat Adıyaman Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - İktisat Bölümü, Turkey , AKBAŞ, Yusuf Ekrem Adıyaman Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - İktisat Bölümü, Turkey
Title Of Article :
EFFECTS OF IMPORTED CRUDE OIL PRICES AND EXCHANGE RATE ON CURRENT ACCOUNT DEFICIT: AN EVIDENCE FROM TURKEY
Abstract :
True diagnosis on the effects of external variables on economics is quite important in terms of economic and politic stability. In this study, covering the years of 1991:12-2012:11, whether the changes of imported crude oil prices which is an external variable and exchange rate effect the current deficit of Turkey or not is analysed. In order to the that, Vector Autoregessive model and Dolado and Lutkepohl (1996) causality test are used. As a result of vector autoregessive model, reel crude oil prices and exchange rate have an important effect on current deficit is determined. Results of Dolado and Lutkepohl causality test also show consisteny with the result of Vector Autoregessive Model.
NaturalLanguageKeyword :
Imported Crude Oil Prices , Current Account Deficit , Exchange Rate , VAR , Dolado , Lutkepohl Causality.
JournalTitle :
Journal Of Economics and Administrative Sciences
