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      • Department of Economics
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      Investigation on sources of growth for Turkey

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      Author(s)
      Bayraktar, B.
      Date
      2006
      Source Title
      Canadian Journal of Development Studies
      Print ISSN
      0225-5189
      Electronic ISSN
      2158-9100
      Publisher
      Routledge
      Volume
      27
      Issue
      1
      Pages
      25 - 38
      Language
      English
      Type
      Article
      Item Usage Stats
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      Abstract
      This paper evaluates the correlations between growth and selected macroeconomic indicators in, Turkey under the dynamic macroeconomic adjustments as a globalizing developing economy during 1968-1998. In this context, a sensitivity analysis for basic growth variables, including fiscal, trade, and monetary indicators, is carried out by using a variant of the extreme bounds analysis (EBA). By controlling the various fiscal, trade, and monetary variables, I reveal that, with the exception of human capital, none of the variables, which are always included in the growth regressions, are robust. Thus, the paper confirms the crucial role of human capital in the growth literature.
      Keywords
      Development indicator
      Economic growth
      Fiscal reform
      Macroeconomics
      Monetary policy
      Sensitivity analysis
      Trade reform
      Eurasia
      Turkey
      Permalink
      http://hdl.handle.net/11693/23800
      Published Version (Please cite this version)
      https://doi.org/10.1080/02255189.2006.9669118
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      • Department of Economics 724
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