Growth and economic crises in Turkey: leaving behind a turbulent past?

Mihai Macovei

No 386, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: Turkey's performance in the current crisis shows that it has managed to weather the global stormy conditions relatively well and avoid collapsing into a full-fledged currency and financial crisis. On the face of it, one could conclude economic reforms introduced since 2001 have paid off and today's performance marks a clean break with the past. But there are also indications that the Turkish economy still retains some of its old vulnerabilities. By determining how resilient Turkey's economy has become to domestic and international economic volatility, one can better assess the sustainability of the accelerated economic convergence process on which Turkey embarked after the 2001 crisis.

Keywords: Economic crisis; external vulnerabilities; growth; economic convergence; fiscal consolidation; structural reforms; enlargement; boom-bust growth pattern; Macovei (search for similar items in EconPapers)
JEL-codes: E32 E63 F33 P17 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2009-10
New Economics Papers: this item is included in nep-ara, nep-cwa, nep-fdg and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:euf:ecopap:0386

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