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The Sources of Long-term Economic Growth for Turkey, 1880-2005

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  • Altug, Sumru G.
  • Filiztekin, Alpay
  • Pamuk, Sevket

Abstract

This paper considers the sources of long-term economic growth for Turkey over the period 1880-2005. The period in question covers the decline and eventual dissolution of the former Ottoman Empire and the emergence of the new Turkish Republic in 1923. Hence, the paper provides a unique look at the growth experience of these two different political and economic regimes. The paper examines in detail the evolution of factors that led to growth in output across broad periods, including the post WWII period and the era or globalization beginning in the 1980's. It also considers output growth in the agricultural and non-agricultural sectors separately and allows for the effects of sectoral re-allocation. The lessons from this exercise have important implications for Turkey's future economic performance, for its ability to converge to per capita income levels of developed countries, and for the viability of its current bid for European Union membership.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 6463.

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Date of creation: Sep 2007
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Handle: RePEc:cpr:ceprdp:6463

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Keywords: determinants of growth; growth accounting; sectoral re-allocation;

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Cited by:
  1. Leandro Prados de la Escosura & Joan R. Rosés, 2008. "Proximate causes of economic growth in Spain, 1850-2000," Working Papers in Economic History wp08-12, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
  2. Mihai Macovei, 2009. "Growth and economic crises in Turkey: leaving behind a turbulent past?," European Economy - Economic Papers 386, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.

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