Balance-of-Payments Constrained Growth: the Case of Turkey

In order to test the existence of Thirlwall’s law for Turkey during the period of 1980-2008, bounds test approach to cointegration is applied. The empirical results suggest that Thirlwall’s law holds for Turkey. This study also suggests some policy recommendations to curb the deficits in the balance-of-payments.

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Year of publication:	2012
Authors:	Halicioglu, Ferda
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Thirlwall’s law \| balance-of-payments constraint \| cointegration \| growth \| import elasticity \| Turkey

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	E12 - Keynes; Keynesian; Post-Keynesian ; O24 - Trade Policy; Factor Movement Policy; Foreign Exchange Policy ; C22 - Time-Series Models ; F43 - Economic Growth of Open Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011259089