FIGURE 2 - uploaded by Deger Eryar
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Real Income Convergence and Current Account for the whole sample (xaxis indicates average GDP per capita as a share of EU-15 average and y-axis shows average current account deficit as a share of GDP)
Contexts in source publication
Context 1
... the other hand, Baltic countries still had a better performance than Turkey in the same period. Figure 2 presents the relationship between economic convergence and the current account deficit for all countries in the sample. As can be seen in figure 2, all the countries in sample have a current account deficit, on average, for the period 1995-2013. ...
Context 2
... 2 presents the relationship between economic convergence and the current account deficit for all countries in the sample. As can be seen in figure 2, all the countries in sample have a current account deficit, on average, for the period 1995-2013. The positive slope of the line implies that a higher per capita income relative to EU-15 is associated with an improvement in current account position. ...
Context 3
... a closer inspection of figure 2 reveals the different position of Turkey against countries with similar average convergence rates. Turkey's average current account for the whole period is lower than other countries that performed at a comparable level of convergence during the same period. ...
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