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Estimating the surplus in the periphery: an application to Turkey

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  • Cem Somel

Abstract

This note discusses how the economic surplus concept can be used to analyse the constraints the world system imposes on economic development. An estimation of the surplus for Turkey for 1980--96 utilises K–hler's unequal exchange analysis to measure the transfer of surplus abroad and the official minimum wage to calculate essential private consumption. The estimation yields the allocation of the surplus between non-essential consumption, investment and unrequited transfers abroad. The note assesses Lippit's argument that the main obstacle to development is the misuse of the surplus in the domestic economy and not transfers abroad. Copyright 2003, Oxford University Press.

Suggested Citation

  • Cem Somel, 2003. "Estimating the surplus in the periphery: an application to Turkey," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 27(6), pages 919-933, November.
    • Handle: RePEc:oup:cambje:v:27:y:2003:i:6:p:919-933
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    Cited by:

    1. Leandro Marcelo Bona, 2018. "El excedente económico en Argentina: la etapa neoliberal (1991-2001) versus la neodesarrollista (2002-2015)," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 37(66), pages 99-134, June.
    2. Cem Somel, 2004. "Commodity Chains, Unequal Exchange and Uneven Development," ERC Working Papers 0411, ERC - Economic Research Center, Middle East Technical University, revised Sep 2004.
    3. Andrea Ricci, 2016. "Unequal Exchange in International Trade:A General Model," Working Papers 1605, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2016.
    4. Özgür Orhangazi & A. Erinç Yeldan, 2023. "Turkey in Turbulence: Heterodoxy or a New Chapter in Neoliberal Peripheral Development?," Development and Change, International Institute of Social Studies, vol. 54(5), pages 1197-1225, September.

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