Balance-of-Payments Constrained Growth: the Case of Turkey

Ferda Halicioglu

MPRA Paper from University Library of Munich, Germany

Abstract: In order to test the existence of Thirlwall’s law for Turkey during the period of 1980-2008, bounds test approach to cointegration is applied. The empirical results suggest that Thirlwall’s law holds for Turkey. This study also suggests some policy recommendations to curb the deficits in the balance-of-payments.

Keywords: Thirlwall’s law; balance-of-payments constraint; cointegration; growth; import elasticity; Turkey (search for similar items in EconPapers)
JEL-codes: C22 E12 F43 O24 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-ara and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Related works:
Journal Article: Balance-of-payments-constrained growth: the case of Turkey (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:41791

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