**7. Conclusion**

In this study, economic growth for Turkey, the current account deficit, inflation and unemployment data in the period considered causality between these to show

the differences in the relationship be followed when the shocks that affected both symmetric and was examined by asymmetric causality test.

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**299**

14 Sayı:1, ss. 209-226

When we look at the symmetrical causality test, one-way causality was determined from positive unemployment to positive inflation shock, positive growth shock to positive unemployment shock, positive growth to positive current account deficit. There is also causality from negative growth shock to negative inflation. The obtained from the study results the multiple causality between unemployment and inflation when the positive shocks are effective on one of them which another is not.

As a result of the asymmetric test, there is causality from positive growth shocks to negative unemployment shocks and causality towards negative current shocks and positive current account deficit shocks. The mutual causality was observed between positive growth shocks and negative current account deficit shocks. In this way, while studying the causing between them, this causality may not emerge, but causality relationship may arise from considering different responses to shocks.

In addition, the emergence of different relationship structures in response to these positive and negative shocks from an economic point of view also makes the situation and impact of different economic causes a matter to be considered.

According to these statements imports must increase in order to accelerate the economy since Turkey has a production structure dependent on imports. In this case, there is inevitably an external account deficit. This deficit, which means the use of foreign savings, has caused the foreign debt stock in Turkey to exceed the tolerable level. Increasing foreign debt and the consequent need for foreign currency means that the economy becomes more fragile and macroeconomic balances deteriorate rapidly. In order to grow without a current account deficit the significant changes in the production structure of the economy must be implemented immediately in Turkey. First of all the intermediate goods producing sectors must be developed and the dependence on imports must be decreased. Moreover, a competitive exchange rate policy in foreign trade should be expected to have positive results.
