Analysis of Current Account Deficit-GDP Growth-Interest Rates Interaction Wıth ARDL Test in Turkiye

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Balkanlı A. O.

Eurasian Academy of SciencesEurasian Business & Economics Journal, vol.2024, no.35, pp.1-19, 2024 (Peer-Reviewed Journal)

Abstract

In this article, the relationship between the current account deficit, GDP and interest rates was tried to be determined between 2000-2022 in Turkiye. The study was carried out in two dimensions. In the first dimension, the possible effects of In this article, the relationship between the current account deficit, GDP and interest rates was tried to be determined between 2000-2022 in Turkiye. The study was carried out in two dimensions. In the first dimension, the possible effects of changes in GDP and interest rates on the current account deficit were depicted and examined on a macroeconomic level with the help of data between 2000-2022. Following this analysis, an ARDL test was conducted on the relationship between GDP, consumer loan interest rates and current account deficit. It has seen from the result of research that, in the case of Turkiye as a developing economy in the period examined, GDP growth had a negative effect on increasing the current account deficit. On the other side, it has been detected from the result of research that a positive relationship between interest rates and current account deficit.Keywords: Current Account Deficit, Economic Growth, Interest, GDP, ARDL, Balance of PaymentsJEL Clasifications:F40,F41,F43,E2,E6changes in GDP and interest rates on the current account deficit were depicted and examined on a macroecoIn this article, the relationship between the current In this article, the relationship between the current account deficit, GDP and interest rates was tried to be determined between 2000-2022 in Turkiye. The study was carried out in two dimensions. In the first dimension, the possible effects of changes in GDP and interest rates on the current account deficit were depicted and examined on a macroeconomic level with the help of data between 2000-2022. Following this analysis, an ARDL test was conducted on the relationship between GDP, consumer loan interest rates and current account deficit. It has seen from the result of research that, in the case of Turkiye as a developing economy in the period examined, GDP growth had a negative effect on increasing the current account deficit. On the other side, it has been detected from the result of research that a positive relationship between interest rates and current account deficitaccount deficit, GDP and interest rates was tried to be determined between 2000-2In  this  article,  the  relationship  between  the  current  account  deficit,  GDP  and  interest  rates  was  tried  to  be determined between 2000-2022 in Turkiye. The study was carried out in two dimensions. In the first dimension, the possible effects of changes in GDP and interest rates on the current account deficit were depicted and examined on a macroeconomic level with the help of data between 2000-2022. Following this analysis, an ARDL test was conducted on the relationship between GDP, consumer loan interest rates and current account deficit. It has seen from  the  result  of  research  that,  in  the  case  of  Turkiye  as  a  developing  economy  in  the  period  examined,  GDP growth had a negative effect on increasing the current account deficit. On the other side, it has been detected from the result of research that a positive relationship between interest rates and current account deficit.

22 in Turkiye. The study was carried out in two dimensions. In the first dimension, the possible effects of ch

In this article, the relationship between the current account deficit, GDP and interest rates was tried to be determined between 2000-2022 in Turkiye. The study was carried out in two dimensions. In the first dimension, the possible effects of changes in GDP and interest rates on the current account deficit were depicted and examined on a macroeconomic level with the help of data between 2000-2022. Following this analysis, an ARDL test was conducted on the relationship between GDP, consumer loan interest rates and current account deficit. It has seen from the result of research that, in the case of Turkiye as a developing economy in the period examined, GDP growth had a negative effect on increasing the current account deficit. On the other side, it has been detected from the result of research that a positive relationship between interest rates and current account deficit.

Keywords: Current Account Deficit, Economic Growth, Interest, GDP, ARDL, Balance of Payments

JEL Clasifications: F40, F41, F43, E2, E6