Terms of trade and economic development in Turkey since 1970

Download

index.pdf

Date

2006

Author

Tuğan, Mustafa

Metadata

Show full item record

Item Usage Stats

224
views

73
downloads

In this thesis, the terms of trade changes in Turkey since 1970 are analyzed. In the 1970s, Turkey faced strong terms of trade declines mainly due to two oil price shocks. Rapid diversification of Turkish exports into manufactures was instrumental in avoiding further declines in its terms of trade in the 1980s. However, the slow pace of the diversification into more skill- and technology-intensive manufactures in Turkey combined with the fallacy of composition problem in low-tech, labourintensive manufactures may pose a real danger to the prices of its exports. To the extent that in the long-term, the changes in terms of trade of a country are determined by the level of technology embodied in its exports, the concentration of Turkish exports in low-tech, labour-intensive manufactures may highlight the need for upgrading exports and establishing backward- and forward-linkages between industries to escape from the trap of terms of trade deterioration in the long-term.

Subject Keywords

Economic development, Turkey.

URI

http://etd.lib.metu.edu.tr/upload/12607463/index.pdf
https://hdl.handle.net/11511/16016

Collections

Graduate School of Social Sciences, Thesis

Suggestions

OpenMETU
Core

Institutional Environment, Economic Performance and Innovation in Turkey Erdil, Erkan; Pamukcu, Mehmet Teoman (2015-01-01) This paper investigates the relationship between economic performance and innovation in Turkey, while also taking into account the crucial mediating effect of the institutional environment. We carry out an in-depth analysis of the recent shifts in STI policy-making in Turkey. The emphasis is on the innovation support policy instruments, and their effectiveness, as well as on the formulation of national STI targets, sector priorities and targets in the field of human resources. A number of concerns are expre...
An Analysis of geographic and sectoral diversification using city and sector indices of Turkey Ayan, Hamdi; Soytaş, Uğur; Oran, Adil; Department of Business Administration (2015) This thesis examines the potentials of geographic and sectoral diversification in Turkey. A Causality in variance test suggested by Hafner and Herwartz is conducted in a pairwise fashion among city indices and among sector indices, separately, to explore the existence of diversification potential. All data are 5-day week daily time series and sourced from Borsa Istanbul. City index data covers the period January 2, 2009 between November 24, 2014, whereas sectoral index data covers the period April 1, 2004 a...
Crisis in Slovenia: Roots, effects, prospects Kržan, Marko (Orta Doğu Teknik Üniversitesi (Ankara, Turkey), 2014-12) The author examines the last 20 years of Slovenian economic history. He argues that export-led economic model based on depreciated domestic currency and capital controls enabled stabilization and convergence with developed EU economies until 2004. The period of debt-led growth characterized by instability and recurrent recession after 2008 is explained by dissolution of the earlier economic model after Slovenia’s accession to EU. A brief comparison is then made that reveals a striking resemblance with ...
Exhaustion of industrial property rights in the European Union and its implications on the application of this principle in Turkey Tutkun, Seçil; Aşçıoğlu Öz, Gamze; Department of European Studies (2005) This thesis analyzes the reconciliation of industrial property rights with the principle of free movement of goods in the EU and the implications of this solution on trade relations between the EU and Turkey in the scope of the Decision No. 1/95 of the EC-Turkey Association Council. In the second chapter, patents, trademarks, industrial designs and utility models then the EU regulations and the international regulations concerning the protection of the relevant right in the EU region is examined. Although, ...
Macroeconomic Effects of Information and Communication Technologies in Turkey and Other OECD Member Countries Karagöl, Burak; Erdil, Erkan (Science And Technology Policies Research Center, Middle East Technical University (Ankara, Turkey), 2012) This paper investigates the effects of ICT on economic growth in Turkey and other OECD member countries. After discussing the theoretical relationships between ICT usage and economic growth, we test the positive impact of ICT revolution on economic growth econometrically. In the empirical part of the study, we perform panel data analyses by employing data sets that belong to 30 OECD member countries for 1999-2008 period as well as carrying out time series analyses for only Turkey by using data between 1980 ...

Citation Formats

M. Tuğan, “Terms of trade and economic development in Turkey since 1970,” M.S. - Master of Science, Middle East Technical University, 2006.