IDEAS home Printed from https://ideas.repec.org/a/acc/malfin/v40y2025i124p103-121.html
   My bibliography  Save this article

Measuring Multidimensional Growth in Turkey: Sustainable and Inclusive Economic Growth (sieg) Index

Author

Listed:
  • Demet Özocaklı

    (Gaziantep University)

Abstract

This study develops a multidimensional index that includes sustainability and inclusiveness as well as quantitative measures to assess türkiye's growth performance. The sustainable and inclusive economic growth (sieg) index brings together economic, social and sustainability indicators in a holistic framework. The index is built on ten variables, including education level, income inequality, labour force participation of women and youth, r&d expenditures, labour productivity and the share of renewable energy. The sieg index created by using principal component analysis was constructed with data covering the years 1992-2023. The results show that türkiye's long-term growth has faced significant disruptions in terms of sustainability and inclusiveness, with a more pronounced structural transformation emerging after 2010. The study suggests that growth policies should emphasise qualitative and inclusive approaches rather than focusing solely on gdp. The sieg index provides a powerful decision support tool for policymakers.

Suggested Citation

  • Demet Özocaklı, 2025. "Measuring Multidimensional Growth in Turkey: Sustainable and Inclusive Economic Growth (sieg) Index," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 40(124), pages 103-121, October.
    • Handle: RePEc:acc:malfin:v:40:y:2025:i:124:p:103-121
    DOI: https://doi.org/10.33203/mfy.1710133
    as

    Download full text from publisher

    File URL: https://dergipark.org.tr/tr/download/article-file/4918712
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.33203/mfy.1710133?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:acc:malfin:v:40:y:2025:i:124:p:103-121. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Süleyman Kale (email available below). General contact details of provider: https://dergipark.org.tr/en/pub/mfy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.