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growth, accumation and distribution, Turkey 1969-1998 Dynamnics of macroeconomic adjustment in a globalized developing economy :
Joint Authors
Voyvoda, Ebru
Metin-Ozkan, Kivilcim
Yeldan, A. Erinc
Source
Economic Research Forum : Working Paper Series
Issue
Vol. 2000, Issue 200040 (31 Dec. 2000)19 p.
Publisher
Economic Research Forum for the Arab Countries Iran and Turkey
Publication Date
2000-12-31
Country of Publication
Egypt
No. of Pages
19
Main Subjects
Topics
Abstract EN
Our purpose in this paper is to establish stylized facts of the Turkish macroeconomic adjustments using data from 1969 to date.
We adopt a traditional a-priori definition of business cycles as cyclical co-movements of economic variables such as public, private and construction investments, trade balance, labor productivity, wages and fiscal accounts with the cyclical component of real GDP.
We also incorporate in our analysis an investigation of the cyclical components of exchange rates, interest rates, price inflation and the monetary aggregates.
Our quantitative findings reveal a robust and significant positive relationship between public and private investments and real GDP growth, suggesting the presence of “crowding in” effects of public investment.
Trend growth of manufacturing wages and average labor productivity display a loose association over the whole period, and the rapid gains in productivity in the post-1980 reform era are not observed to be materialized as gains in remuneration of wage labor.
We also find a significant negative correlation of manufacturing wages with merchandise exports and the exchange rate; and document further evidence on the strong negative correlation between variations in consumer prices and production.
American Psychological Association (APA)
Metin-Ozkan, Kivilcim& Voyvoda, Ebru& Yeldan, A. Erinc. 2000. growth, accumation and distribution, Turkey 1969-1998 Dynamnics of macroeconomic adjustment in a globalized developing economy :. Economic Research Forum : Working Paper Series،Vol. 2000, no. 200040.
https://search.emarefa.net/detail/BIM-154100
Modern Language Association (MLA)
Metin-Ozkan, Kivilcim…[et al.]. growth, accumation and distribution, Turkey 1969-1998 Dynamnics of macroeconomic adjustment in a globalized developing economy :. Economic Research Forum : Working Paper Series No. 200040 (2000).
https://search.emarefa.net/detail/BIM-154100
American Medical Association (AMA)
Metin-Ozkan, Kivilcim& Voyvoda, Ebru& Yeldan, A. Erinc. growth, accumation and distribution, Turkey 1969-1998 Dynamnics of macroeconomic adjustment in a globalized developing economy :. Economic Research Forum : Working Paper Series. 2000. Vol. 2000, no. 200040.
https://search.emarefa.net/detail/BIM-154100
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references.
Record ID
BIM-154100