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Export Price Stability and Compatibility of Euro under the Export- Biased Productivity Growth in Turkey: A Criticism against the Maastricht Inflation Criterion

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  • Emre ÜNAL

    (Kyoto University, Japan)

Abstract

In this work, we analyzed the export- biased productivity, wage growth and the ULCP in Turkey. Then, by using input- output methods , we could show that Turkey has an economy which is able to be a part of the Euro system and Euro is compatible under the export- biased productivity growth in Turkey though its relatively high inflation. That means Maastricht inflation criterion should be revised in terms of countries’ economic performance.

Suggested Citation

  • Emre ÜNAL, 2014. "Export Price Stability and Compatibility of Euro under the Export- Biased Productivity Growth in Turkey: A Criticism against the Maastricht Inflation Criterion," Turkish Economic Review, KSP Journals, vol. 1(1), pages 16-25, December.
    • Handle: RePEc:ksp:journ2:v:1:y:2014:i:1:p:16-25
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    More about this item

    Keywords

    Export-Biased Productivity; Unit Labor Cost Parity (ULCP); Wage Growth; Export Price;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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