Relationship of Between Private Pension Funds and Current Account Deficit: A Case of Turkey
Küçük Resim Yok
Tarih
2018
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Ege Univ, Fac Economics & Admin Sciences
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The aim of this study is to examine the relation between the funds obtained by the private pension system, which has been implemented since 2003 in Turkey for the period of 2004:012016:02, and the current account deficit. While examining realtionship of between in the short run and long run, Gregory-Hansen Cointegration test with structural breaks, the FMOLS and CCR models and the Toda-Yamamoto causality test were used. Recording to results of the analysis, it was found that there was a negative relationship between the private pension funds and the current account deficit in the long run but there was no statistically significant relationship in the short term. In additon, error correction mechanism operates and the short run shocks disappear after a year.
Açıklama
Anahtar Kelimeler
Current Account Deficit, Private Pension, Saving, Investment
Kaynak
Ege Academic Review
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
18
Sayı
2
