CAUSES EXTERNAL DEBT OF THE PRIVATE SECTOR IN TURKEY: A MACROECONOMIC APPROACH

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dc.contributor.authorKıdemli, Melek
dc.contributor.authorSürekçi Yamaçlı, Dilek
dc.date.accessioned2025-02-24T16:23:47Z
dc.date.available2025-02-24T16:23:47Z
dc.date.issued2020
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractCAUSES EXTERNAL DEBT OF THE PRIVATE SECTOR IN TURKEY: A MACROECONOMIC APPROACH.................................................................................
dc.description.abstractABSTRACT The study investigated the reasons of the external debt stock of the private sector using the Autoregressive Distributed Lag Model (ARDL) and Error Correction Model (ECM) analysis with quaterly data in the period of 2000-2016 in Turkey. According to the ARDL results of Model 1, in which examined reasons of the short run external debt stock of the private sector; there are positive relationship between short run external debt stock, budget deficit, real exchange rate and import volume in the long period. Beside, budget deficit has stronger impact on the short run external debt stock than the other variables. Other side external interest rate’s effects is weak and negative on the short run external debt of the private sector. ARDL results of the Model 2 in which examined reasons of the long run external debt stock of the private sector; there is positive relationship between foreign interest rate, economic stability, fixed capital expenditure, export volume and long run external debt stock in the long period. Other side, there is negative relationship between real exchange rate and long run external debt stock. Economic stability has stronger impact than the other variables on the long run external debt. ECM results of Model 1 and Model 2 was showed that imbalance in the short run will improve in the long run for both models.
dc.identifier.doi10.38120/banusad.758520
dc.identifier.endpage140
dc.identifier.issn2651-2599
dc.identifier.issn2651-2599
dc.identifier.issue2
dc.identifier.startpage120
dc.identifier.urihttps://doi.org/10.38120/banusad.758520
dc.identifier.urihttps://hdl.handle.net/20.500.14440/243
dc.identifier.volume3
dc.language.isotr
dc.publisherBandırma Onyedi Eylül Üniversitesi
dc.relation.ispartofBandırma Onyedi Eylül University Social Sciences Research Journal
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_DergiPark_20250354
dc.subjectECM
dc.subjectARDL
dc.subjectARDL
dc.subjectECM
dc.subjectExternal Debt of the Turkish Private Sector
dc.subjectShort Run External Debt
dc.subjectLong Run External Debt
dc.subjectARDL
dc.subjectECM
dc.titleCAUSES EXTERNAL DEBT OF THE PRIVATE SECTOR IN TURKEY: A MACROECONOMIC APPROACH
dc.title.alternativeCAUSES EXTERNAL DEBT OF THE PRIVATE SECTOR IN TURKEY: A MACROECONOMIC APPROACH
dc.typeArticle

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