Structural Macro econometric Model of Turkey; Impact of Structural Characteristics on Macroeconomic Indicators

Durmus Ozdemir and Mustafa Kemal Gündoğdu

No 3886, EcoMod2012 from EcoMod

Abstract: In this paper, we develop a structural macro econometric model for Turkey, to assess the role of structural characteristics of an emerging economy on macroeconomic indicators. In this model, standard macroeconomic policy results are observed as the target levels and actual levels. Technically, we shall simulate our model over a rather long future period, and address in turn: i)The structural differences in Import dependence of Export, Factor productivity, Inflation & Growth, Exchange rate vs. Growth, Unemployment, CA, and consumption impact on actual and target levels. ii) The expected changes in structural elements: increase in factor productivity, faster depreciation of capital etc. iii) The policies the government could enact to soften or to profit from these changes. On the whole, we shall evidence a strong impact of structural characteristics in the process. Its role will generally prove a serious impediment to the standard macroeconomic policy results.

Keywords: Turkey; Macroeconometric modeling; Modeling: new developments (search for similar items in EconPapers)
Date: 2012-07-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://ecomod.net/system/files/Ozdemir%20and%20Gun ... 20Seville%202012.pdf
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (http://ecomod.net/system/files/Ozdemir%20and%20Gundogdu%20ECOMOD%20Seville%202012.pdf [301 Moved Permanently]--> https://ecomod.net/system/files/Ozdemir%20and%20Gundogdu%20ECOMOD%20Seville%202012.pdf)

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:ekd:002672:3886

Access Statistics for this paper

More papers in EcoMod2012 from EcoMod Contact information at EDIRC.
Bibliographic data for series maintained by Theresa Leary ().