Demand Regime of Turkey: A Post-Keynesian Econometric Analysis

Anil Bolukoglu

Sosyoekonomi Journal, 2019, issue 27(42)

Abstract: The aim of this study is to analyse, from a Post-Keynesian perspective, how factor income distribution affects growth potential of Turkey. To do this, the study estimates Turkey’s demand regime between 1998-2018 by using quarterly data on the basis of the model developed by Bhaduri and Marglin (1990) and through the empirical approach of Naastepad (2006). According to the results of the study, the demand regime of Turkey is found to be wage-led. In other words, positive effect of the expansion in consumption expenditures on economic growth triggered by increased wage shares is found to be greater than its contractionary effects on investment and export. According to the empirical results, it is argued that pro-labor economic policies would make positive contribution to economic growth in Turkey.

Keywords: Growth; Functional Income Distribution; Post-Keynesian Economics. (search for similar items in EconPapers)
JEL-codes: E12 E25 O40 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://dergipark.gov.tr/download/article-file/833025

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:190409

Access Statistics for this article

More articles in Sosyoekonomi Journal from Sosyoekonomi Society Cihan St. 27/7 06430 Sihhiye Ankara Turkey.
Bibliographic data for series maintained by Aysen Sivrikaya ().