Our purpose in this paper is to establish stylized facts of the Turkish macroeconomic adjustment using data from 1999 to date. We adopt a tradition al a-priori definition of business cycles as cyclical co-movements of economic variables such a public, private and construction investments, trade balance, labor productivity, wages and fiscal accounts with the cyclical component of real GDP.
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Paper provided by Economic Research Forum in its series Papers with number
2004.
Find related papers by JEL classification: H10 - Public Economics - - Structure and Scope of Government - - - General E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General