Patterns of current account imbalances: A case study on Iran and Turkey

This analysis explores the current account patterns of iran and turkey,by applying the seemingly unrelated regression [sur] method,during the period 1980-2012.we found that except net lending/borrowing of budget,exogenous factors that effect on both iran and turkey current account were not common. in iran,the current account tends to decrease by any increase in the domestic credit/gdp,ppp per capita and net lending/borrowing of budget and tend to increase by any increase in foreign currency reserves,net oil export and net foreign asset,but turkey's current account tend to decrease by any increase in gdp growth and net lending/borrowing of budget (twin deficit). © 2015 statistical economic and social research and. all rights reserved.