Can Turkey Escape the Middle-Income Trap? An Institutional Approach to Economic Development

Download
index.pdf
2018-10-01
KÖSE, TEKİN
Çınar, Süleyman Kürşat
Show full item record
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
231
views
94
downloads
Since the early 2010's, Turkey is said to be caught in "middle-income trap" characterized by economic stagnation. In this article, we offer an institutional analysis for Turkey, and many other developing nations alike, which aspire to attain higher levels of economic affluence. Using a multi-method approach which combines econometric and historical analyses, we conclude that it would be very hard to progress economically for middle-income countries such as Turkey without addressing their deficiencies in political and economic institutions. Nature of this research enables replicability not only for the case study under analysis, but also for many comparable cases throughout the world.
Political institutions, Economic Institutions, Economic development, Turkey
https://hdl.handle.net/11511/46530
Department of Political Science and Public Administration, Article

Suggestions

A Divided Capital: Residential Segregation in Ankara
Ataç, Ela (Middle East Technical University, Faculty of Architecture, 2016-6-1)
Turkey has undergone large-scale structural changes in social, political, and economic spheres in the 2000s. In the changing political climate of the 2000s, not only social and political geographies, but also residential patterns of the cities have been subject to abrupt changes. The development of the construction sector reached a speed never seen before in the country's urbanization history. Growing numbers of transformation and renewal projects took place mainly in the older and historical central areas ...
The causal relationships among economic growth, foreign direct investment and financial sector development in East Asian countries: an ARDL approach
Bakın, Bilge; Sarı, Ramazan; Department of Business Administration (2011)
The main purpose of the study is to examine the cointegration relationships among economic growth, foreign direct investment and financial sector development in 4 East Asian countries, namely Korea, Malaysia, the Philippines and Thailand between the years 1971-2008 by autoregressive distributed lag (ARDL) approach. In the existing literature, there is no study examining the causal relationships among economic growth, foreign direct investment and financial sector development by applying ARDL methodology for...
Terms of trade and economic development in Turkey since 1970
Tuğan, Mustafa; Somel, A.muhittin Cem; Department of Economics (2006)
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 manufactur...
The politics of local economic growth- a critical approach : the case of Manisa
Tunç, Gülçin; Şengül, Hüseyin Tarık; Department of Urban Policy Planning and Local Governments (2010)
The mainstream accounts on local growth politics, which generally conceptualize the current context around the globalization of investments and the prominent role of local entrepreneuralism, argue for the tendency towards local coalitions. In opposition, the main argument of the thesis is that an increasingly fragmented and conflictual local growth politics is the defining feature of the contemporary localities. Defining the current context around the increased involvement of the business actors in directin...
The determinants of capital flows: the turkish evidence
Kara, Serdar Ufuk; Özmen, Erdal; Department of Economics (2007)
This study investigates the domestic and external determinants of net capital flows to Turkey. The results of the Johansen cointegration analyses indicate that capital flows to Turkey increase in response to increases in domestic real interest rate, domestic real income growth, and budget balance; appreciation of domestic currency; and decreases in financial fragility and the US real interest rates. It can be said that, higher domestic real returns and improved country creditworthiness attract more foreign ...
Citation Formats
T. KÖSE and S. K. Çınar, “Can Turkey Escape the Middle-Income Trap? An Institutional Approach to Economic Development,” SOSYOEKONOMI, pp. 151–170, 2018, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/46530.
METU IIS - Integrated Information Service open@metu.edu.tr