The Sources of Long-term Economic Growth for Turkey, 1880-2005
Sumru Altug (),
Alpay Filiztekin () and
Sevket Pamuk ()
No 6463, CEPR Discussion Papers from C.E.P.R. Discussion Papers
This paper considers the sources of long-term economic growth for Turkey over the period 1880-2005. The period in question covers the decline and eventual dissolution of the former Ottoman Empire and the emergence of the new Turkish Republic in 1923. Hence, the paper provides a unique look at the growth experience of these two different political and economic regimes. The paper examines in detail the evolution of factors that led to growth in output across broad periods, including the post WWII period and the era or globalization beginning in the 1980's. It also considers output growth in the agricultural and non-agricultural sectors separately and allows for the effects of sectoral re-allocation. The lessons from this exercise have important implications for Turkey's future economic performance, for its ability to converge to per capita income levels of developed countries, and for the viability of its current bid for European Union membership.
Keywords: determinants of growth; growth accounting; sectoral re-allocation (search for similar items in EconPapers)
JEL-codes: E60 N15 O40 O50 O57 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc, nep-cwa, nep-his and nep-mac
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