An Intertemporal Benchmark Model for Turkey’s Current Account



Table I: Unit Root Tests

Levels

First Differences

Variables

ADF statistic

Critical value (1%)

ADF statistic

Critical value (1%)

yt - it - gt

-0.6394

-2.6090

-10.1113

-2.6090

ct

0.0477

-2.6090

-9.2887

-2.6090

qt - it - gt

-1.7729

-2.6090

-10.7964

-2.6090

cat

-7.8787

-2.6090

21



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