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

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2018-10-01
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.
Citation Formats
T. KÖSE and S. K. Çınar, “Can Turkey Escape the Middle-Income Trap? An Institutional Approach to Economic Development,” SOSYOEKONOMI, vol. 26, no. 38, pp. 151–170, 2018, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/46530.