Sources of growth and the output gap for the Turkish economy
dc.citation.epage | 269 | en_US |
dc.citation.spage | 239 | en_US |
dc.contributor.author | Özcan, Kıvılcım M. | en_US |
dc.contributor.author | Özlale, Ümit | en_US |
dc.contributor.author | Sarıkaya, Ç. | en_US |
dc.contributor.editor | Nugent, J. B. | |
dc.contributor.editor | Pesaran, M. H. | |
dc.date.accessioned | 2019-05-16T07:49:05Z | |
dc.date.available | 2019-05-16T07:49:05Z | |
dc.date.issued | 2006 | en_US |
dc.department | Department of Economics | en_US |
dc.description | Chapter 8 | en_US |
dc.description.abstract | In 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.provenance | Submitted 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.provenance | Made 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: 2006 | en |
dc.identifier.eisbn | 9781849508612 | |
dc.identifier.isbn | 9780444522405 | |
dc.identifier.uri | http://hdl.handle.net/11693/51309 | |
dc.language.iso | English | en_US |
dc.publisher | Emerald Group Publishing | en_US |
dc.relation.ispartof | Explaining growth in the Middle East | en_US |
dc.relation.ispartofseries | Contributions to Economic Analysis;278 | |
dc.subject | Turkish economy | en_US |
dc.subject | Emerging markets | en_US |
dc.subject | Output gap | en_US |
dc.subject | Economic growth | en_US |
dc.title | Sources of growth and the output gap for the Turkish economy | en_US |
dc.type | Book Chapter | en_US |
Files
Original bundle
1 - 1 of 1
Loading...
- Name:
- Sources_of_growth_and_the_output_gap_for_the_Turkish_economy.pdf
- Size:
- 348.28 KB
- Format:
- Adobe Portable Document Format
- Description:
License bundle
1 - 1 of 1
No Thumbnail Available
- Name:
- license.txt
- Size:
- 1.71 KB
- Format:
- Item-specific license agreed upon to submission
- Description: