The current account balance of the Turkish economy has deteriorated rapidly since 2003. Starting from a positive surplus in 2002, the current account deficit currently amounts to 6.6 percent of the GNP. This article investigates the structural causes of this phenomenon and argues that the mode of finance of the deficit thus far has been based on short term foreign capital flows with a significant debt burden.
Birincil Dil | Türkçe |
---|---|
Bölüm | Araştırma Makalesi |
Yazarlar | |
Yayımlanma Tarihi | 1 Ocak 2005 |
Yayımlandığı Sayı | Yıl 2005 Cilt: 4 Sayı: 7 |