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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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  • Ünal, Emre

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

  • Ünal, Emre, 2014. "Export Price Stability and Compatibility of Euro under the Export- Biased Productivity Growth in Turkey: A Criticism against the Maastricht Inflation Criterion," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 1(1), pages 16-25.
    • Handle: RePEc:zbw:espost:105829
    DOI: 10.1453/ter.v1i1.93
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    References listed on IDEAS

    as
    1. Pasinetti,Luigi, 1993. "Structural Economic Dynamics," Cambridge Books, Cambridge University Press, number 9780521432825, September.
    2. Michel Aglietta & Merih Uctum, 1996. "Europe and the Maastricht Challenge," The World Economy, Wiley Blackwell, vol. 19(6), pages 683-694, November.
    3. Richard Arena & Pier Luigi Porta, 2012. "Structural change and economic dynamics," Post-Print halshs-00727175, HAL.
    4. Arena,Richard & Porta,Pier Luigi (ed.), 2012. "Structural Dynamics and Economic Growth," Cambridge Books, Cambridge University Press, number 9781107015968, September.
    Full references (including those not matched with items on IDEAS)

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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:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • 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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