External Balance and Growth in Turkey: Can They Be Reconciled?

Anand, Ritu; Chhibber, Ajay; Wijnbergen, Sweder van

doi:10.1007/978-1-349-11274-6_8

Cited by 12 publications

(8 citation statements)

References 3 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…public investment in infrastructure. The evidence for the Turkish economy is also ambiguous (see, for example, Anand et al, 1990;Celasun and Tansel, 1993;Conway, 1990;MetinOzcan et al, 2001 andUygur, 1995). The second approach analyses the public capital spending and output (or growth) nexus.…”

Section: Introductionmentioning

confidence: 99%

The role of macroeconomic instability in public and private capital accumulation and growth: the case of Turkey 1963–1999

2005

View full text Add to dashboard Cite

This study investigates the empirical relationship(s) between macroeconomic instability, public and private capital accumulation and growth in Turkey over the period . Time series econometric techniques, such as cointegration and impulse response analysis, are used. The results of this paper suggest that the chronic and increasing macroeconomic instability of the Turkish economy has seriously affected her capital formation and growth. Furthermore, the Turkish experience indicates that chronic macroeconomic instability seems to be a serious impediment to public investment, especially to its infrastructural component, and shatters, or even reverses, the complementarity between public and private investment in the long run.

show abstract

Section: Introductionmentioning

confidence: 99%

The role of macroeconomic instability in public and private capital accumulation and growth: the case of Turkey 1963–1999

2005

View full text Add to dashboard Cite

show abstract

“…Some studies have stressed Turkey's liberal provision of export incentives. Others have concentrated on the macroeconomic and import liberalisation policies that caused Turkey's aggressive nominal exchange rate policy to result in sustained real depreciation (see, e.g., Anand et al, 1990). However, Celasun and Rodrik (1989) suggest that at most 30 % of the increase in exports during the 1980s can be attributed to real depreciation, and find little empirical support for any effect of export incentives.…”

Section: Trade Liberalization In Turkeymentioning

confidence: 99%

“…Buckley et al (2000) for the relationship between FDI and trade. 3 For more information and evaluation of the Post-liberalisation period, see, R. Anand et al (1990); T. Aricanli andD. Rodrik (1990a, 1990b); I. Arslan and S. van Wijnbergen (1993); Y.…”

Section: Endnotesmentioning

confidence: 99%

A Comparative Analysis of Fdi in Turkey and the Ceecs: Is There Any Link Between Fdi and Trade?

Kösekahyaoğlu

2006

Journal of Business Economics and Management

View full text Add to dashboard Cite

This paper examines the structure of foreign direct investment (FDI) flows into Turkey and the Central and Eastern European Countries (CEECs) as well as the other new members of the European Union (EU). Our study has two main parts. Firstly, we investigate the key economic and political factors that have an impact on foreign investment, for example, the macroeconomic performance, the production cost and the size of domestic market. Secondly, we explore the relationship between FDI and trade flows for Turkey, the Czech Republic, Hungary and Poland using the Granger causality methodology.

show abstract

“…infrastructure public investment. Similarly evidence for the Turkish economy is also ambiguous (see, for example, Anand et al, 1990;Celasun and Tansel, 1993;Conway, 1990;Metin-Ozcan et al, 2001;and Uygur, 1995). Second approach analyzes the public capital spending and output (or growth) nexus.…”

Section: Introductionmentioning

confidence: 99%

Macroeconomic Instability, Capital Accumulation and Growth: The Case of Turkey 1963-1999

2003

View full text Add to dashboard Cite

www.erc.metu.edu.tr *This paper is based on Mustafa Ismihan's Ph.D. thesis (Ismihan, 2002) being prepared under the co-supervision of Aysit Tansel and Kivilcim Metin-Ozcan at Department of Economics, METU. First author would like to thank Merih Celasun and Nazim Ekinci for helpful comments and discussions on his Ph.D. thesis. Substantial revisions of this paper was performed during Mustafa Ismihan's stay in the University of York as a Visiting Scholar, he thanks Turkish Academy of Sciences (TUBA), Gulcin Ozkan and the Department of Economics and Related Studies of the University of York. Our special thanks go to Gulcin Ozkan whose comments and discussions have greatly improved this paper. We are also grateful to Karim Abadir and Fatma M.

show abstract

External Balance and Growth in Turkey: Can They Be Reconciled?

Cited by 12 publications

References 3 publications

The role of macroeconomic instability in public and private capital accumulation and growth: the case of Turkey 1963–1999

The role of macroeconomic instability in public and private capital accumulation and growth: the case of Turkey 1963–1999

A Comparative Analysis of Fdi in Turkey and the Ceecs: Is There Any Link Between Fdi and Trade?

Macroeconomic Instability, Capital Accumulation and Growth: The Case of Turkey 1963-1999

Contact Info

Product

Resources

About