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Capital mobility and foreign debt sustainabilty: some evidence from Turkey

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  • Hassan Mohammadi
  • Murat Cak
  • Demet Cak

Abstract

This paper address the extent of capital mobility and foreign debt sustainability in Turkey over the 1962-2003 period by examining the relationship between saving and investment, and imports and exports, respectively. The empirical investment is based on cointegration, error correction models, and threshold and momentum threshold autoregressive models. Our findings are consistent with the existence of capital mobility and the 'Strong' form of foreign debt sustainability.

Suggested Citation

  • Hassan Mohammadi & Murat Cak & Demet Cak, 2007. "Capital mobility and foreign debt sustainabilty: some evidence from Turkey," Applied Economics, Taylor & Francis Journals, vol. 39(19), pages 2441-2449.
    • Handle: RePEc:taf:applec:v:39:y:2007:i:19:p:2441-2449
    DOI: 10.1080/00036840600707274
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    References listed on IDEAS

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    1. Maurice Obstfeld, 1993. "International Capital Mobility in the 1990s," NBER Working Papers 4534, National Bureau of Economic Research, Inc.
    2. Alan M. Taylor, 1996. "International Capital Mobility in History: The Saving-Investment Relationship," NBER Working Papers 5743, National Bureau of Economic Research, Inc.
    3. Alan M. Taylor, 1996. "International Capital Mobility in History: Purchasing-Power Parity in the Long Run," NBER Working Papers 5742, National Bureau of Economic Research, Inc.
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    Cited by:

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