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Muhittin Kaplan and Alper Aslan ()

MPRA Paper from University Library of Munich, Germany

Abstract: The results of empirical studies on the 1980 Turkish economic reform programme frequently suggest that openness has a positive impact on growth in Turkey. However, the results of empirical literature on the relationship between openness and growth have always been under criticism for using openness variables,which are not objective measures of openness, involve measurement errors and do not capture all dimensions of openness. To overcome these criticisms, in this article,we introduce a composite openness proxy obtained using the principle component methodology that captures all dimensions of openness and provide an objective and more reliable measure of openness for Turkey.

Keywords: Openness; Measuring openness; Principle component method (search for similar items in EconPapers)
JEL-codes: F41 L17 (search for similar items in EconPapers)
Date: 2006
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Published in Doğuş Üniversitesi Dergisi 7.1(2006): pp. 86-98

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