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Title:The balance of payments as a constraint on Turkey's growth, 1960 - 2004 PDF Logo
Authors:Pacaci Elitok, Secil
Campbell, Al
Issue Date:2008
Series/Report no.:Working Paper, University of Utah, Department of Economics 2008-13
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.
Subjects:balance of payments constraint
Turkey
economic growth
international trade
elasticity
neo-liberalism
JEL:F14
F15
F41
F43
E12
Document Type:Working Paper
Appears in Collections:Department of Economics Working Paper Series, University of Utah

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