Investigation on sources of growth for Turkey

Date
2006
Authors
Bayraktar, B.
Advisor
Instructor
Source Title
Canadian Journal of Development Studies
Print ISSN
0225-5189
Electronic ISSN
2158-9100
Publisher
Routledge
Volume
27
Issue
1
Pages
25 - 38
Language
English
Type
Article
Journal Title
Journal ISSN
Volume Title
Abstract

This paper evaluates the correlations between growth and selected macroeconomic indicators in, Turkey under the dynamic macroeconomic adjustments as a globalizing developing economy during 1968-1998. In this context, a sensitivity analysis for basic growth variables, including fiscal, trade, and monetary indicators, is carried out by using a variant of the extreme bounds analysis (EBA). By controlling the various fiscal, trade, and monetary variables, I reveal that, with the exception of human capital, none of the variables, which are always included in the growth regressions, are robust. Thus, the paper confirms the crucial role of human capital in the growth literature.

Course
Other identifiers
Book Title
Keywords
Development indicator, Economic growth, Fiscal reform, Macroeconomics, Monetary policy, Sensitivity analysis, Trade reform, Eurasia, Turkey
Citation
Published Version (Please cite this version)