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Keywords: Current Account Deficit

TEPAV Director Sak: "The Latest Development Plan Speaks More Korean" A meeting themed “How to Avoid the Middle Income Trap” hosted a debate on the divergence between South Korea and Turkey, which had similar economic structures in the 1970s.
Haber Resim
17/09/2013 ANKARA – TEPAV held a meeting themed “How to Avoid the Middle Income Trap: Policy Lessons from Korea” on Tuesday, 17 September 2013, with the contributions of the Korea Capital Market Institute (KCMI). Delivering the opening remarks, TEPAV Di [More]
The Turkish Economy in 2000-2010: “Not a Lost Decade, But Vulnerabilities Exist” Economist Eken stated that growth was not inclusive enough and rapid growth did not remedy unemployment.
Haber Resim
14/01/2013 ANKARA –Turkey’s economic performance in the first decade of the 2000s was brought to the table at TEPAV. Dr. Sena Eken, Retired Senior Economist at the IMF and the co-author of the book “Turkey 2000-10: A Decade of Transition - Discussions A [More]
TEPAV: "Current account deficit could have been lowered by $14 billion” TEPAV states that the fight with current account deficit requires the tightening of fiscal policy as well as of monetary policy.
Haber Resim
15/05/2012   ANKARA- TEPAV stressed that public savings in 2011 could have been 38 billion TL higher and said, “if public savings in 2011 are increased by 38 billion TL, current account deficit can be lowered by $14 billion, corresponding to a deficit of [More]
TEPAV Assesses the New Incentive Package: “The best package so far, but there is more to do” TEPAV's note stressed that the package alone cannot help Turkey reach the 2023 targets and that the need for reform in many fields was continuing.
Haber Resim
10/04/2012 ANKARA - TEPAV, stressing that the new incentive package was the most comprehensive and technically-correct incentive regulation so far, said that the package alone could not fulfill the 2023 targets and that the need for a structural reform agenda [More]
The World Economy after the Crisis: Risks and Possible Solutions During a meeting held at TEPAV, recent developments in the world economy and their impacts on Turkey were discussed in their many aspects.
Haber Resim
30/03/2012   ANKARA – On Friday, 30 March 2012, a meeting was held at TEPAV to discuss the challenges and risks the world economy has faced in the post-crisis era particularly after August 2011 and their impacts on the Turkish economy. The speakers drew a [More]
TEPAV Director Sak: “The State Needed Austerity; the Peoples Are Doing It.” Güven Sak delivered a speech titled “No Need to Worry(?)” during the 11th Retail Sector Summit.
Haber Resim
19/10/2011   ISTANBUL – TEPAV Director Güven Sak, speaking about the market interventions of the Central Bank and the latest government decisions, said, “I do not know what the Central Bank is trying to do, either. There are some measures concerning th [More]
Commentary/Sarp Kalkan: "Why was Turkey differentiated from other developing countries?" TEPAV Economic Policy Analyst Sarp Kalkan analyzed the differentiation of Turkey from other developing countries with respect to exchange rate and stock market movements.
Haber Resim
25/08/2011 The commentary assessed:   "Turkey has been differentiating substantially from other developing countries in terms of exchange rate and stock movement since the beginning of November 2010. This proves that the behavior of international fund infl [More]
Commentary/Ozan Acar: Turkey’s sovereign rating increased relatively TEPAV Economic Policy Analyst Ozan Acar evaluated the current outlook of Turkey's sovereign rating in the context of the developments witnessed since January 2011.
Haber Resim
23/08/2011 Acar assessed: Due to the uncertainties arising as a result of the global crisis, fund managers tend to focus on short-term rather than long-term factors when making investment decisions. The relative improvement in and the stable outlook of T [More]
TEPAV: “Primary Budget Expenditures Did Not Fall Back Down to the Pre-crisis Level” The assessment stressed that a significant proportion of the current account deficit resulted from the savings gap of the public sector, confirming the need for a change in public expenditure policy.
Haber Resim
18/08/2011   ANKARA – TEPAV stated that primary budget expenditures which grew along with the crisis did not fall back to the pre-crisis levels yet. Fiscal Monitoring Report April-May 2011 Budget Implementation Results by TEPAV Stability Institute was pu [More]
Policy Note/Sarp Kalkan Budget Performance Paves the Way for the Current Account Deficit
Haber Resim
23/05/2011   "Current account deficit of Turkey at 61 billion TL is approximate to the sum of the budget deficit (or public S-I gap) at 43.6 billion TL and private savings gap at 13 billion TL. This indicates that the driving factor for high current account [More]