Türkiye’nin Yılda Ortalama %6.5-%8 Büyüyebilmesinin Ön-Koşulları (25-Yıllık Senaryolar Ve Elde Edilen Sonuçların Yorumları)
Author
Abstract
Suggested Citation
DOI: 10.5455/ey.20031
Note: [English Title] Preconditions That May Enable Turkey to Attain an Average Growth Rate of 6.5%-8.0% (Scenarios Encompassing the Next 25 Years and a Discussion of Results Obtained) [English Abstract] The minimum annual gross investments including all social-overhead (I)t and investment-ratios (I/GDP)t needed to fulfill the following 5 main targets were calculated for the next 25 years: (i) No new additions to the present number of unemployed. (ii) Agricultural population of 21.5 mln. should decline to about 5.2 mln so as to help narrow the gap between Turkey and EU countries in terms of average productivity of agricultural labor. (iii) (I/ΔL)t --where ΔLt is the annual increase in non-agricultural employment-- should rise at a sufficiently high rate so that Turkey may start catching-up with the EU countries in terms of APL in this sector too and may improve her competitiveness in global markets. (iv & v) Employment-ratios in both sectors should rise substantially from 28% and 32%, respectively to 40% and 45%. For this purpose, 14 columns of data were derived to estimate the annual increase in non-agricultural employment needed (ΔL)t so that “target (i)” may be fulfilled. Then the performance of Spain in terms of (I/ΔL)t increases in the 1999-2007 period was calculated and used to estimate the probable range of (I/ΔL)2030 for Spain, which figures were used to set two alternative (I/ΔL)2030 targets for Turkey. The minimum (It) and the (I/GDP)t necessary for the fulfillment of the aforementioned 5 targets for the 2006-2030 period and were thus derived. The results indicated that Turkey must double her present savings rate and increase her investment-rate to 32%-36% or otherwise is likely to face increasing gaps between herself and EU countries in fundamental macro variables such as productivity, per-capita incomes and risk setting on a route that would seriously reduce the probability that Turkey may continue with her “western oriented” sociocultural development. [English Keywords] Turkish economy, Scenarios and simulations for the next 25 years.
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
More about this item
Keywords
Türkiye ekonomisi; 25-yıllık simülasyonlar ve senaryolar.;JEL classification:
- O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
- O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eyd:eyjrnl:v:22:y:2011:i:78:p:1-66. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ozan Eruygur (email available below). General contact details of provider: http://www.ekonomikyaklasim.org .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.