Browsing by Subject "Macroeconomic Instability"
Now showing 1 - 2 of 2
Results Per Page
Sort Options
Item Unknown Dilemmas of structural adjustment and environmental policies under instability(Elsevier, 1996-02) Boratav, K.; Tural, O.; Yeldan, E.The Turkish structural adjustment since 1980 has been associated with chronic instability. Since the late 1980s, the weaknesses in the fiscal system and the premature external liberalization emerge as the main factors hindering the passage toward stable growth. Enforced and erratic distributional changes and relative stagnation of capital accumulation have undermined the growth potential of the economy. Further, it is demonstrated that existing market structures may negate environmental policies based on market incentives. These observations, as well as those on the interactions of the market system and the environment, create strong arguments in favor of an active state.Item Unknown Role of macroeconomic developments on total factor productivity in the Turkish economy (1972-2003)(Bilkent University, 2005) Can, RaifIn this thesis, by using regression analysis method, I investigated the role of macroeconomic variables on Total Factor Productivity (TFP) growth in the Turkish economy over the period of 1972-2003. Empirical findings of this study are that instabilities in foreign exchange and real exchange rate appreciation has negative role on TFP growth, on the other hand, growth of export of goods, imports of intermediate goods as a share of GDP, growth of public real infrastructure investments and current account deficit as a share of GDP have positive impacts on TFP growth. Inflation rates, interest rates, public sector borrowing requirement and foreign direct investment inflow insignificant variables to determine TFP growth in the Turkish economy. Also, in this thesis, the Turkish economy is investigated in the context of import-substituting industrialization period, export-led growth period and post-financial liberalization period.