Sources of growth and the output gap for the Turkish economy

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dc.citation.epage269en_US
dc.citation.spage239en_US
dc.contributor.authorÖzcan, Kıvılcım M.en_US
dc.contributor.authorÖzlale, Ümiten_US
dc.contributor.authorSarıkaya, Ç.en_US
dc.contributor.editorNugent, J. B.
dc.contributor.editorPesaran, M. H.
dc.date.accessioned2019-05-16T07:49:05Z
dc.date.available2019-05-16T07:49:05Z
dc.date.issued2006en_US
dc.departmentDepartment of Economicsen_US
dc.descriptionChapter 8en_US
dc.description.abstractIn this study, we analyze the growth dynamics of the Turkish economy. After investigating the sources of growth and comparing both the output and the inflation performance with the other MENA countries, we find that the Turkish economy has not achieved a sustainable growth path and has a much worse inflation performance. Then, we take a closer look at the volatile output performance and discuss the role of the wrong macroeconomic policies on the unsustainable output performance. Utilizing an output gap measure, we find that the short-term capital flows seem to be the main driving force in generating excessive fluctuations in the output. Based on these findings, we can say that the high economic growth rates, which the Turkish economy has achieved in the recent years owe much to massive short-term capital inflows. At this stage, it is too early to evaluate the effects of the recent structural reforms on the long-term output dynamics.en_US
dc.description.provenanceSubmitted by Zeynep Aykut (zeynepay@bilkent.edu.tr) on 2019-05-16T07:49:05Z No. of bitstreams: 1 Sources_of_growth_and_the_output_gap_for_the_Turkish_economy.pdf: 356643 bytes, checksum: ff84055238ac52cdd0052fda3cf776be (MD5)en
dc.description.provenanceMade available in DSpace on 2019-05-16T07:49:05Z (GMT). No. of bitstreams: 1 Sources_of_growth_and_the_output_gap_for_the_Turkish_economy.pdf: 356643 bytes, checksum: ff84055238ac52cdd0052fda3cf776be (MD5) Previous issue date: 2006en
dc.identifier.eisbn9781849508612
dc.identifier.isbn9780444522405
dc.identifier.urihttp://hdl.handle.net/11693/51309
dc.language.isoEnglishen_US
dc.publisherEmerald Group Publishingen_US
dc.relation.ispartofExplaining growth in the Middle Easten_US
dc.relation.ispartofseriesContributions to Economic Analysis;278
dc.subjectTurkish economyen_US
dc.subjectEmerging marketsen_US
dc.subjectOutput gapen_US
dc.subjectEconomic growthen_US
dc.titleSources of growth and the output gap for the Turkish economyen_US
dc.typeBook Chapteren_US

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