BRIC VE MINT EKONOMİLERİNDE ÜÇÜZ AÇIK HİPOTEZİNİN AMPİRİK ANALİZİ
BRIC VE MINT EKONOMİLERİNDE ÜÇÜZ AÇIK HİPOTEZİNİN AMPİRİK ANALİZİ

Summary/Abstract: The fact that current account deficit is one of the leading indicators is the reason that the determinants of current account deficit are investigated. In the literature, the presence of current account deficit along with the budget deficit is denoted with the twin deficits notion, while it has been mentioned from triplet deficits, which has a limited number of work, with the addition of the savings-investment imbalance to the twin deficits. The study aims to analyze the presence of the triplet deficits in the BRIC and the MINT as an emerging two groups of countries between 1998 and 2014 via Dumitrescu and Hurlin (2012)’s panel non-causality test. The empirical findings showed that the triplet deficit hypothesis is valid for BRIC, but not for MINT.

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