A test for a functioning market economy: Seton'S eigenprices of Turkey

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dc.citation.epage373en_US
dc.citation.issueNumber3en_US
dc.citation.spage362en_US
dc.citation.volumeNumber27en_US
dc.contributor.authorDemir, N.en_US
dc.contributor.authorSolakoglu, M. N.en_US
dc.contributor.authorSolakoglu, E. G.en_US
dc.date.accessioned2016-02-08T10:10:08Z
dc.date.available2016-02-08T10:10:08Z
dc.date.issued2015en_US
dc.departmentDepartment of Banking and Financeen_US
dc.description.abstractWe use Seton's eigenprices to see if some evidence can be found in support of the European Commission's official statement that the Turkish economy can be considered as a functioning market economy. Given an input–output flows matrix, there is a unique set of prices for outputs and production factors compatible with final demand, generating demand for factors. The findings based on Turkey's most recent I–O table and comparable I–O matrices for Romania and Poland (two EU members) in 2005 show that price distortions were on average five times larger in Turkey. Hence, based on price distortions alone, there was no solid evidence in support of the statement that Turkey had a functioning market economy.en_US
dc.description.provenanceMade available in DSpace on 2016-02-08T10:10:08Z (GMT). No. of bitstreams: 1 bilkent-research-paper.pdf: 70227 bytes, checksum: 26e812c6f5156f83f0e77b261a471b5a (MD5) Previous issue date: 2015en
dc.identifier.doi10.1080/09535314.2015.1071706en_US
dc.identifier.issn0953-5314
dc.identifier.urihttp://hdl.handle.net/11693/23192
dc.language.isoEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.isversionofhttp://dx.doi.org/10.1080/09535314.2015.1071706en_US
dc.source.titleEconomic Systems Researchen_US
dc.subjectEigenpricesen_US
dc.subjectEigenrentalsen_US
dc.subjectInput–outputen_US
dc.subjectMarket economyen_US
dc.titleA test for a functioning market economy: Seton'S eigenprices of Turkeyen_US
dc.typeArticleen_US

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