Did the Rising Importance of Services Decelerate Overall Productivity Improvement of Turkey during 2002-2007

Murat Üngör

Working Papers from Research and Monetary Policy Department, Central Bank of the Republic of Turkey

Abstract: When examined in isolation, the 2002-2007 period in Turkey stands out as a high growth period. However, the relative performance of Turkey in this period is weaker compared to China. The service sector in Turkey had the lowest labor productivity growth rate. Counterfactual experiments based on a three-sector model point out that the service sector represented a drag on aggregate productivity in Turkey. Using a newly constructed detailed sectoral database for China, I argue that if the service sector in Turkey had had the same annual productivity growth rates as observed in China, then the average annual growth rate of the aggregate labor productivity would have been 7.8% instead of 5.7% during 2002-2007.

Keywords: Sectoral productivity; services; China; Turkey (search for similar items in EconPapers)
JEL-codes: O11 O40 O57 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-ara
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https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN ... g+Paperss/2013/13-15 (application/pdf)

Related works:
Journal Article: Did the rising importance of services decelerate overall productivity improvement of Turkey during 2002–2007? (2016)
Working Paper: Did the Rising Importance of Services Decelerate Overall Productivity Improvement of Turkey during 2002-2007? (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:tcb:wpaper:1315

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