Export Price Stability and Compatibility of Euro under the Export- Biased Productivity Growth in Turkey: A Criticism against the Maastricht Inflation Criterion

Emre Ünal ()
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Emre Ünal: Kyoto University, Japan

Turkish Economic Review, 2014, vol. 1, issue 1, 16-25

Abstract: In this work, we analyzed the export- biased productivity, wage growth and the ULCP in Turkey. Then, by using input- output methods , we could show that Turkey has an economy which is able to be a part of the Euro system and Euro is compatible under the export- biased productivity growth in Turkey though its relatively high inflation. That means Maastricht inflation criterion should be revised in terms of countries’ economic performance.

Keywords: Export-Biased Productivity; Unit Labor Cost Parity (ULCP); Wage Growth; Export Price (search for similar items in EconPapers)
JEL-codes: E20 F50 N10 O40 (search for similar items in EconPapers)
Date: 2014
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