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THE SUSTAINABILITY OF TURKISH EXTERNAL DEBT: EVIDENCE FROM FRACTIONALLY INTEGRATED APPROACH UNDER STRUCTURAL BREAKS

Burcu Kiran

Puni tekst: engleski, pdf (891 KB) str. 21-33 preuzimanja: 509* citiraj
APA 6th Edition
Kiran, B. (2012). THE SUSTAINABILITY OF TURKISH EXTERNAL DEBT: EVIDENCE FROM FRACTIONALLY INTEGRATED APPROACH UNDER STRUCTURAL BREAKS. Economic research - Ekonomska istraživanja, 25 (1), 21-33. Preuzeto s https://hrcak.srce.hr/80010
MLA 8th Edition
Kiran, Burcu. "THE SUSTAINABILITY OF TURKISH EXTERNAL DEBT: EVIDENCE FROM FRACTIONALLY INTEGRATED APPROACH UNDER STRUCTURAL BREAKS." Economic research - Ekonomska istraživanja, vol. 25, br. 1, 2012, str. 21-33. https://hrcak.srce.hr/80010. Citirano 03.04.2020.
Chicago 17th Edition
Kiran, Burcu. "THE SUSTAINABILITY OF TURKISH EXTERNAL DEBT: EVIDENCE FROM FRACTIONALLY INTEGRATED APPROACH UNDER STRUCTURAL BREAKS." Economic research - Ekonomska istraživanja 25, br. 1 (2012): 21-33. https://hrcak.srce.hr/80010
Harvard
Kiran, B. (2012). 'THE SUSTAINABILITY OF TURKISH EXTERNAL DEBT: EVIDENCE FROM FRACTIONALLY INTEGRATED APPROACH UNDER STRUCTURAL BREAKS', Economic research - Ekonomska istraživanja, 25(1), str. 21-33. Preuzeto s: https://hrcak.srce.hr/80010 (Datum pristupa: 03.04.2020.)
Vancouver
Kiran B. THE SUSTAINABILITY OF TURKISH EXTERNAL DEBT: EVIDENCE FROM FRACTIONALLY INTEGRATED APPROACH UNDER STRUCTURAL BREAKS. Economic research - Ekonomska istraživanja [Internet]. 2012 [pristupljeno 03.04.2020.];25(1):21-33. Dostupno na: https://hrcak.srce.hr/80010
IEEE
B. Kiran, "THE SUSTAINABILITY OF TURKISH EXTERNAL DEBT: EVIDENCE FROM FRACTIONALLY INTEGRATED APPROACH UNDER STRUCTURAL BREAKS", Economic research - Ekonomska istraživanja, vol.25, br. 1, str. 21-33, 2012. [Online]. Dostupno na: https://hrcak.srce.hr/80010. [Citirano: 03.04.2020.]

Sažetak
This paper examines the external debt sustainability in Turkey over the period 1970-2010 by using fractionally integrated approach. As a first step, possible structural breaks in the data are not taken into consideration. The findings from Robinson(1994a) test reveal that the process is nonstationary with long memory, therefore, there is no evidence of external debt sustainability in Turkey. In the second step, structural breaks identified by Bai and Perron (1998, 2003) multiple structural break test, are included in the Robinson test. The results in the context of structural breaks still show that the external debt in Turkey is not sustainable.

Ključne riječi
External debt; Sustainability; Fractional integration; Multiple structural breaks

Hrčak ID: 80010

URI
https://hrcak.srce.hr/80010

[hrvatski]

Posjeta: 914 *