Browsing by Subject "Turkish Economy"
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Item Open Access A comparative study of Chinese and Turkish economic reform policies in the age of globalization(Bilkent University, 2006) Lee, Sun A.Though with different strategies and responses, yet all continue to share the same difficult task of development in this given conditions of globalizing world. My thesis compares and contrasts the reform history of China and Turkey under the overarching system of globalization as an attempt to find out better ways to achieve development. Although their socio-economic and political systems differ, China and Turkey have entered the world of globalization by launching the reform policies almost at the same time period and both faced the same elements of risks and opportunities generated by this system. My thesis utilizes the methodology of compare and contrast to examine China’s dualistic strategy of state regulation within an open economy and Turkey’s primary economic strategies based on the private enterprises to deduce that too much liberalization, especially in the field of financial market, could cause a slow-down to, if not harm, the economy. The thesis concludes with the speculation on how such success of Chinese economy could come to a halt if further liberalization especially in the form of capital account liberalization continues in the future.Item Open Access 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.