The balance of payments as a constraint on Turkey's growth, 1960 - 2004

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 2008-13

Classification and Topics

• Classification: Wirtschaft ; Empirical Studies of Trade ; Economic Integration ; Open Economy Macroeconomics ; Economic Growth of Open Economies ; General Aggregative Models: Keynes; Keynesian; Post-Keynesian
• Subject: balance of payments constraint ; Turkey ; economic growth ; international trade ; elasticity ; neo-liberalism ; Wirtschaftswachstum ; Außenwirtschaft ; Zahlungsbilanz ; Türkei

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Pacaci Elitok, Secil ; Campbell, Al
• Event: Veröffentlichung
• (who): The University of Utah, Department of Economics
• (where): Salt Lake City, UT
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/64469
• Last update: 10.03.2025, 11:44 AM CET