In order to qualify for EU membership Turkey will have to fulfil a number of economic criteria. With this in mind, the following article examines the Turkish current account in the period 1975 to 2004, in which it has shown a consistent pattern of surplus in transfers and trade in services, and defi cits in factor incomes and in trade in goods. Several contradictory interpretations of the facts are then discussed.
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Michael Grömling, Head of macroeconomics, Institut der deutschen Wirtschaft, Cologne, Germany, and lecturer in economics, University of Applied Sciences (FHDW), Bergisch-Gladbach, Germany. Ways to Interpret Turkey’s Current Account. Intereconomics 40, 217–225 (2005). https://doi.org/10.1007/s10272-005-0152-5
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DOI: https://doi.org/10.1007/s10272-005-0152-5