Economic growth, external debt and inflation in Turkey: An analysis of cointegration test with structural breaks
Global Issues in Social Sciences: Different Perspectives – Multidisciplinary Approaches, Peter Lang Publishing, Inc., ss.239-251, 2018
- Yayın Türü: Kitapta Bölüm / Araştırma Kitabı
- Basım Tarihi: 2018
- Yayınevi: Peter Lang Publishing, Inc.
- Sayfa Sayıları: ss.239-251
- Anahtar Kelimeler: Economic growth, External debt, Inflation
- Uşak Üniversitesi Adresli: Evet
Özet
Inflation is seen as a negative influence on economic growth, especially in developing countries. Similarly, public debt can also affect economic growth in emerging economies negatively. A majority of these countries seem to resort to borrowing to finance budget deficits and establish economic growth. However, in this process, as well as the establishment of internal and external debt balances, the desirable situation is that no inflationary effect is encountered in the repayment of these debts. From a theoretical point of view, borrowing and inflation affect each other. In this study, the relationship between borrowing and inflation is estimated and evaluated by the cointegration analysis in Turkey.