The Balance of Payments as a Constraint on Turkeys Growth: 1960-2004

Secil Pacaci Elitok and Al Campbell

Working Paper Series, Department of Economics, University of Utah from University of Utah, Department of Economics

Abstract: The aim of this study is to test the existence of balance of a payments constraint on the long run economic growth of the Turkish economy. The balance of payments constrained growth (BPCG) model which was developed by Thirlwall (1979) and extended by Thirlwall and Hussain (1982) is tested over the period of 1960-2004 using OLS. Empirical findings of this paper support the BPCG model for the whole period under consideration. For the different sub-periods, there are either different essential economic relations or behaviors behind the BOP constraint.

Keywords: Balance of payments constraint; Turkey; economic growth; international trade; elasticity; neo-liberalism (search for similar items in EconPapers)
JEL-codes: E12 F14 F15 F41 F43 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2008
New Economics Papers: this item is included in nep-cwa, nep-int, nep-opm and nep-pke
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:uta:papers:2008_13

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