Macroeconomic instability, capital accumulation and growth : the case of Turkey 1963- 1999
Author
Source
Economic Research Forum : Working Paper Series
Issue
Vol. 2002, Issue 201-240 (31 Dec. 2002)15 p.
Publisher
Economic Research Forum for the Arab Countries Iran and Turkey
Publication Date
2002-12-31
Country of Publication
Egypt
No. of Pages
15
Main Subjects
Topics
Abstract EN
This study investigates the empirical relationships between macroeconomic instability, capital accumulation and growth in Turkey over the period 1963- 1999.
We use recent time series econometric techniques, such as co integration and impulse response analysis, to analyze empirical relationships between the variables of interest.
The results of this paper suggest that the chronic and increasing macroeconomic instability of the Turkish economy has seriously affected the capital formation and hence growth.
Furthermore, chronic macroeconomic instability seems to become a serious impediment to the public investment, especially its infrastructural component, and shattered or, even reversed the complementarity between public and private investment in the long-run.
Therefore, Turkish experience has shown that macroeconomic instability not only hinders economic growth but it could also reverse the complementarity between public and private investment in the long-run.
American Psychological Association (APA)
Ismihan, Mustafa. 2002. Macroeconomic instability, capital accumulation and growth : the case of Turkey 1963- 1999. Economic Research Forum : Working Paper Series،Vol. 2002, no. 201-240.
https://search.emarefa.net/detail/BIM-150120
Modern Language Association (MLA)
Ismihan, Mustafa. Macroeconomic instability, capital accumulation and growth : the case of Turkey 1963- 1999. Economic Research Forum : Working Paper Series No. 201-240 (Dec. 2002).
https://search.emarefa.net/detail/BIM-150120
American Medical Association (AMA)
Ismihan, Mustafa. Macroeconomic instability, capital accumulation and growth : the case of Turkey 1963- 1999. Economic Research Forum : Working Paper Series. 2002. Vol. 2002, no. 201-240.
https://search.emarefa.net/detail/BIM-150120
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references.
Record ID
BIM-150120