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oai:gumushane-rdlopen.rawdatalibrary.net:gumushane/132022026-10-22T11:36:03Zopenairedrivercom_gumushane_10000col_gumushane_10001com_gumushane_10010col_gumushane_10175

Testing for causality between the foreign direct investment, current account deficit, GDP and total credit: Evidence from G7Akbas, Yusuf EkremSenturk, MehmetSancar, CananCreditCurrent account deficitForeign direct investmentG7GDPPanel co-integration and causalityIn this study, countries were analyzed between 1990 and 2011 in order to determine whether a causal relationship exists among current account deficit, GDP, foreign direct investment, and total credits of G7. Analysis took into account the cross-sectional dependence and was applied to test the causality among the variables form the panel. Firstly, panel unit root tests were used for determining stationary of variables. As a result of the panel unit root tests, it was found that GDP and foreign direct investment have a stationary structure and that total credits and current account deficit contain unit root. In order to see whether there is a long-term relationship among the variables or not, the panel co-integration test was used. As a result of the test, it was concluded that there is a co-integration relationship among the series. The possibility of a causal relationship was analyzed among the variables using the causality test developed by Elena Ivona Dumitrescu and Christophe Hurlin (2012). Results of the analysis showed a unidirectional causal relationship from current account deficit and foreign direct investment to GDP. Bidirectional causality was found between current account deficit and total credits. Finally, a unidirectional relationship was found from foreign direct investment to current account deficit and total credits.SAVEZ EKONOMISTA VOJVODINE2013Articlehttps://rdlopen.rawdatalibrary.net/r/gumushane/13202https://doi.org/10.2298/pan1306791a1452-595XenPanoeconomicusinfo:eu-repo/semantics/openAccessinfo:eu-repo/semantics/articlehttps://gumushane-rdlopen.rawdatalibrary.net/tr/items/gumushane/13202