TFP growth in Turkey revisited: The effect of informal sector

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dc.WoS.categoriesEconomicsen_US
dc.authorid0000-0003-4308-0138en_US
dc.contributor.authorAteşağaoğlu, Orhan Erem
dc.contributor.authorCeyhun, Elgin
dc.contributor.authorÖztunalı, Ceyhun
dc.date.accessioned2021-03-02T13:24:32Z
dc.date.available2021-03-02T13:24:32Z
dc.date.issued2017-03
dc.description.abstractIn this paper, we aim to contribute to the growth literature by presenting evidence that the presence of an informal sector might significantly affect both the level as well as the course of the total factor productivity (TFP). To this end, we develop a framework where we can compare the TFP in Turkey generated by a one-sector benchmark model to the one originating from an extended model with the presence of formal and informal labor. Our results indicate that, over the course of 1950-2014, the TFP generated by the benchmark model generally underestimates the productivity of the formal sector and this underestimation is mainly observed and is widened after 1980. Moreover, we also find that the substitution between formal and informal labor significantly affects this underestimation.en_US
dc.fullTextLevelFull Texten_US
dc.identifier.doi10.1016/j.cbrev.2017.02.002en_US
dc.identifier.scopus2-s2.0-85054290818en_US
dc.identifier.trdizinid220702en_US
dc.identifier.urihttps://hdl.handle.net/11411/3328
dc.identifier.urihttps://doi.org/10.1016/j.cbrev.2017.02.002
dc.identifier.urihttps://search.trdizin.gov.tr/yayin/detay/220702en_US
dc.identifier.wosWOS:000402747900002en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakTR-Dizinen_US
dc.issue1en_US
dc.language.isoenen_US
dc.nationalInternationalen_US
dc.numberofauthors3en_US
dc.pages43040en_US
dc.publisherELSEVIERen_US
dc.relation.ispartofCENTRAL BANK REVIEWen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectTFP growthen_US
dc.subjectInformal sectoren_US
dc.subjectCES production functionsen_US
dc.titleTFP growth in Turkey revisited: The effect of informal sectoren_US
dc.typeArticleen_US
dc.volume17en_US

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