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Department of Economics, The University of Utah, Salt Lake City >
Department of Economics Working Paper Series, University of Utah >
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http://hdl.handle.net/10419/64469
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| Title: | | The balance of payments as a constraint on Turkey's growth, 1960 - 2004  |
| 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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