Capital mobility and foreign debt sustainabilty: some evidence from Turkey

Mohammadi H., Cak M., Cak D.

APPLIED ECONOMICS, cilt.39, sa.19, ss.2441-2449, 2007 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 39 Sayı: 19
  • Basım Tarihi: 2007
  • Doi Numarası: 10.1080/00036840600707274
  • Dergi Adı: APPLIED ECONOMICS
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.2441-2449
  • İstanbul Üniversitesi Adresli: Evet

Özet

This paper address the extent of capital mobility and foreign debt sustainability in Turkey over the 1962-2003 period by examining the relationship between saving and investment, and imports and exports, respectively. The empirical investment is based on cointegration, error correction models, and threshold and momentum threshold autoregressive models. Our findings are consistent with the existence of capital mobility and the 'Strong' form of foreign debt sustainability.