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The Effects of Devaluation: Stabilization-cum ¬Liberalization Policies in the Case of the Turkish Economy

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Abstract

This study investigates the effects of devaluation on the Turkish gross national product focusing on the stabilization-cum-liberalization policies of the 1980s. The estimations of the reduced form equation suggest the effects of devaluation to be expansionary. Moreover, the results support the importance of the consistency of the demand management and structurajist policies along with the implementation of devaluation.

Suggested Citation

  • Saqib, Omar F., 2000. "The Effects of Devaluation: Stabilization-cum ¬Liberalization Policies in the Case of the Turkish Economy," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 53(2), pages 221-235.
    • Handle: RePEc:ris:ecoint:0250
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    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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