This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

The Balance of Payments as a Constraint on Turkey’s Growth: 1960-2004

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Secil Pacaci Elitok
Al Campbell
Abstract

The aim of this study is to test the existence of balance of a payments constraint on the long run economic growth of the Turkish economy. The balance of payments constrained growth (BPCG) model which was developed by Thirlwall (1979) and extended by Thirlwall and Hussain (1982) is tested over the period of 1960-2004 using OLS. Empirical findings of this paper support the BPCG model for the whole period under consideration. For the different sub-periods, there are either different essential economic relations or behaviors behind the BOP constraint.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.econ.utah.edu/activities/papers/2008_13.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by University of Utah, Department of Economics in its series Working Paper Series, Department of Economics, University of Utah with number 2008_13.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 36 pages
Date of creation: 2008
Date of revision:
Handle: RePEc:uta:papers:2008_13

Contact details of provider:
Postal: 1645 E. Central Campus Dr. Front, Salt Lake City, UT 84112-9300
Phone: (801) 581-7481
Fax: (801) 585-5649
Web page: http://www.econ.utah.edu
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: ().

Related research
Keywords: Balance of payments constraint; Turkey; economic growth; international trade; elasticity; neo-liberalism;

Find related papers by JEL classification:
F14 - International Economics - - Trade - - - Country and Industry Studies of Trade
F15 - International Economics - - Trade - - - Economic Integration
F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. M. Faruk Aydin & Ugur Ciplak & Eray M. Yucel, 2004. "Export Supply and Import Demand Models for the Turkish Economy," Working Papers 0409, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
  2. Jonathan Perraton, 2003. "Balance of Payments Constrained Growth and Developing Countries: an examination of Thirlwall's hypothesis," International Review of Applied Economics, Taylor and Francis Journals, vol. 17(1), pages 001-022, January. [Downloadable!] (restricted)
  3. Bairam, Erkin I, 1987. "The Verdoorn Law, Returns to Scale and Industrial Growth: A Review of the Literature," Australian Economic Papers, Blackwell Publishing, vol. 26(48), pages 20-42, June.
  4. McCombie, J S L, 1985. "Economic Growth, the Harrod Foreign Trade Multiplier and the Hicks Super-multiplier," Applied Economics, Taylor and Francis Journals, vol. 17(1), pages 55-72, February.
  5. Oguz Esen, 2000. "Financial Openness in Turkey," International Review of Applied Economics, Taylor and Francis Journals, vol. 14(1), pages 5-23, January. [Downloadable!] (restricted)
  6. Faruk Selcuk, 1997. "A Brief Account of the Turkish Economy, 1987-1996," Departmental Working Papers 971, Bilkent University, Department of Economics.
  7. Mustafa Ismihan & Aysit Tansel & Kivilcim Metin-Ozcan, 2002. "Macroeconomic Instability, Capital Accumulation and Growth : The Case of Turkey 1963-1999," Departmental Working Papers 0205, Bilkent University, Department of Economics. [Downloadable!]
    Other versions:
  8. Arslan, Ismail & van Wijnbergen, Sweder, 1993. "Export Incentives, Exchange Rate Policy and Export Growth in Turkey," The Review of Economics and Statistics, MIT Press, vol. 75(1), pages 128-33, February. [Downloadable!] (restricted)
  9. Bairam, Erkin I & Dempster, Georgina J, 1991. "The Harrod Foreign Trade Multiplier and Economic Growth in Asian Countries," Applied Economics, Taylor and Francis Journals, vol. 23(11), pages 1719-24, November.
Full references

Statistics
Access and download statistics

Did you know? All full texts are decentralized with the publishers, none reside on this server, thus making it possible to offer this service for free to all parties.

This page was last updated on 2009-11-16.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.