Does trade liberalization cause a long run economic growth in Turkey
Küçük Resim Yok
Tarih
2004
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Springer Netherlands
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Based on 'endogenous' growth theory, the paper examines the effect of trade liberalization on long-run income per capita and economic growth in Turkey. Although the presumption must be that free trade has a beneficial effect on long run growth, counter examples can also be found. This controversy increases the importance of empirical work in this area. Using the most recent data we employ multivariate cointegration analysis to test the long run relationship among the variables in hand. In a multivariate context, the effect of determinants such as increasing returns to scale, investment in human and physical capital are also included in both theoretical and empirical works. Our causality evidence between the long run growth and a number of indicators of trade liberalizations confirms the predictions of the 'new growth theory'. However, the overall effect of the possible breaks and/ or policy change and unsustainability in the 1990s looks contradictory and deserves further investigation. © Springer 2004.
Açıklama
Anahtar Kelimeler
Economic Growth, Openness, Turkey, Economic Growth, Growth Rate, Trade Liberalization, Eurasia, Turkey
Kaynak
Economics of Planning
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
37
Sayı
3-4
