Cari Denge ve Ekonomik Büyüme İlişkisi: Türkiye Analizi
The Relationship between Current Account Balance and Economic Growth: The Analyses of Turkey

Summary/Abstract: Developing countries are obliged to import because of insufficient resources for economic growth. The increase in the volume of imports is causing the current account deficit. Imports are on the rise particularly in those countries that are dependent on foreign energy and intermediate goods. For economic growth, although it varies by sector, in only possible with the import of raw materials and if an increase in exports is promoted to a certain amount. Thus the growing current account constitutes a negative impact on various macroeconomic indicators. In this study, the relationship between economic growth and the current account balance (current balance/GDP) in Turkey between 1980-2015 has been analyzed using the VAR model, with Granger causality, impulse-response and variance decomposition. Unidirectional causality from real GDP to current account balance was found as a result of Granger causality test.

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