ABD VE AB BÖLGESİNDEKİ BİR FİNANSAL KRİZİN TÜRKİYE’YE ETKİLERİ: CARİ AÇIK ÜZERİNE BİR UYGULAMA.

Abstract

At a global or domestic financial crisis wave, consumer and producer expectations, foreign capital inflows and export volume are expected to worsen and decrease. This paper is examines how Turkey's current account to be confronted with a wave of global crisis caused decrease in production of USA and EU. According to the econometric results estimated from the model between 1995:Q1-2002:Q2, the relationship between production decreases in USA and the EU and current account deficit of Turkey is not significant in short-term. However, in long-term when these biggest trading partners of Turkey grow less than their potential growth rate, the current account deficit of Turkish Economy increases.