Structural adjustment and trade in Turkey: Investigating the alternatives "beyond export-led growth"

Date
1989
Authors
Yeldan, A. E.
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Source Title
Journal of Policy Modeling
Print ISSN
0161-8938
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Publisher
Elsevier
Volume
11
Issue
2
Pages
273 - 296
Language
English
Type
Article
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Abstract

The article searches for a viable alternative for Turkey's economy to resolve its current confrontation with the dilemma of stabilization and growth. With the aid of a dynamic, computable, general equilibrium model, it is argued that an integrated, industrialization strategy that combines a domestic-demand-based, wage-goods-oriented public investment program with a selective export-promotion scheme promises to be the most appropriate one serving Turkey's long-term industrialization interests. The model results further emphasize the pressing need for the revitalization of the domestic demand and the importance of the agricultural productivity growth in promoting Turkey's overall objectives of industrialization, income equity, and foreign trade over the Fifth and Sixth Plan periods. © 1989.

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Published Version (Please cite this version)