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Turkey’s International Investment Position and Investment Claims-Liabilities Balance: 2000-2016

36492

The balance of payments is a statistical statement that summarizes economic transactions between residents and nonresidents during a period. It consists of the current account, the capital account, the financial account, the official reserves and net errors and omissions. The International Investment Position (IIP) is a statistical statement that shows at a point in time the value and composition of financial assets of residents in an economy, which are claims on non-residents and gold bullions held as reserve assets, as well as the value and composition of their financial liabilities to non-residents. IIP is a stock variable. Claims and liabilities related to IIP are flow variables and recorded in the primary income account which is one of the sub accounts of the current account. As such developing countries as Turkey have needed external sources to finance their current deficit since 2000s, they have begun to give remarkable deficit in the primary income account. In this study, the development of the IIP and the primary income account related to IIP of Turkish economy is analyzed for the period 2000-2016. The study presents some policy recommendations for the future.

49

Balance of Payments , Current Deficit , International Investment Position , Capital Movements , Primary Income Account

Journal Of Economics an‎d Administrative Sciences

77