Murat Çetrez - Academia.edu (original) (raw)

Papers by Murat Çetrez

Journal of Economic Structures, 2020

This study aims to find out the fundamental macroeconomic, institutional and financial determinan... more This study aims to find out the fundamental macroeconomic, institutional and financial determinants of current account balances by using panel data analysis method. The analysis is carried out by using the data for the period between 1986 and 2013 of 97 developing and developed countries. We find that the determinants of current account balances can be related to the factors such as fiscal balance, growth, terms of trade, exchange rate, trade openness, stage of economic development, oil dependency, financial market development, macroeconomic stability and institutional quality. A rise in growth rate, real effective exchange rate, fiscal deficit, trade openness, institutional quality, financial market development and stage of development generates larger current account deficits. A rise in terms of trade, inflation rate (representing macroeconomic stability), crude oil export reduces the current account deficits. For industrial countries, macroeconomic stability and growth also have ...

İstanbul Journal of Economics, 2022

This study aims to find out the role of macroeconomic stability in current account balances. The ... more This study aims to find out the role of macroeconomic stability in current account balances. The analysis is completed for the period between 1980 and 2016 for 97 countries. The macroeconomic stability is represented by an index created with the countries' inflation rate (CPI), growth rate, unemployment rate, and fiscal balance data. It is found that macroeconomic stability is one of the important determinants of current account balances like institutional quality and financial development. It has negative and statistically significant relationships with current account balances for four different country groups: developing countries, all countries except industrial, all countries except industrial and African countries, and all countries. Results show that macroeconomic stability is a crucial determinant for developing countries rather than high-income countries.

Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi

The aim of this study is to investigate if the trade openness has an effect on the income levels,... more The aim of this study is to investigate if the trade openness has an effect on the income levels, growth rates, and on the current account balances together for the first time in the literature. Two different trade openness measures are used. 134 countries are added in four income groups between 1990 and 2019. There is a negative and statistically significant association between trade openness and current account balances for the group of low-income and lower middle-income countries. For upper middle-income and high-income countries, it is not identified any significant associations between trade openness and current account balances. Trade openness increases the growth for all groups except the upper middle-income countries. Results show trade openness widens the current account deficits of many of the low-income and lower middle-income countries. Sustainability of the current account deficits and external debts might be potentially an issue for many low-income, lower middle-income,...

The role of macroeconomic stability in current account balances has not been studied with a calcu... more The role of macroeconomic stability in current account balances has not been studied with a calculated index in the literature until now. It is aimed to find out the role of macroeconomic stability in current account balances for the first time in the study. The analysis is completed for the period between 1980 and 2016 for 97 countries. The macroeconomic stability is represented by an index which is created with inflation rate, growth rate, unemployment rate and fiscal balance data of all the countries. It is found out that the macroeconomic stability is one of the important determinants of current account balances like institutional quality and financial development. It has a negative and statistically significant relationships with current account balances for four different country groups which are developing countries, all countries except industrial, all countries except industrial and African countries, and all countries. Results show that the macroeconomic stability is espec...

SAE Technical Paper Series, 2009

Abstract Presented here is the cooling system development of Ford Transit vehicle with 200 PS fiv... more Abstract Presented here is the cooling system development of Ford Transit vehicle with 200 PS five cylinder engine by Ford Otosan engineers. After 140 PS Ford four cylinders engine, 200 PS engine was developed, completely new and more powerful cooling system was ...

JOURNAL OF ECONOMICS BUSINESS AND POLITICAL RESEARCHES, 2022

This study aims to find out the long-run relationship between R&D spending and the current accoun... more This study aims to find out the long-run relationship between R&D spending and the current account balances. The panel data analysis is carried out for the period between 1996 and 2018. 64 developing and developed countries are included in the study. Panel cointegration is applied to test the long-run relationships. There are significant and positive long-run relationships between the R&D spending with current account balances for four different country groups which are high income, all countries except industrial, all countries except industrial and African, and all countries groups. Results show that R&D spending is an important factor for both developing and developed countries to improve their current account balances positively. 1% increase in R&D spending improves 3.29% current account surplus for all countries, 4.55% for high income countries group.

Electronic Journal of Social Sciences, 2022

This study aims to find out the long-run relationship between human capital and the current accou... more This study aims to find out the long-run relationship between human capital and the current account balances. The panel data analysis is carried out for the time period between 1990 and 2018. 88 developing and developed countries are included in the study. Panel cointegration analysis is applied to test the long-run relationships. The human capital is represented by two indexes. First one is The Institute for Health Metrics and Evaluation (IHME) human capital index. Second one is United Nations human development index. For both indexes, there are significant and positive long-run relationships between the human capital indexes and current account balances for high income countries. It is determined that there is a negative, significant and long-term relationship for "all countries except industrialized countries", "all countries except Africa and industrialized countries" and "all countries" groups.