Solow Artığı Derin Politik Ekonomi Dinamiklerini Yansıtır mı? Türkiye Örneği
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Note: [English Title] Does Solow Residual Reflect Deep Political Economy Dynamics? The Case of Turkey [English Abstract] Developing countries have shown distinct patterns of growth and productivity rates that usually lack persistence. This paper, inspired by the Turkish experience, aims to develop a simple model of total factor productivity for explaining the substantial volatility in long-run productivity and growth. In doing so, this study attempts to explore the new political economy literature –e.g. focusing on socio-political and institutional factors– as the theoretical bridge to link short and medium-term macroeconomic outcomes to long-term economic growth in a simple production function framework as well as time series analysis will be provided for Turkey [English Keywords] Total factor productivity, Instability, Economic growth, Political economy
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Keywords
Toplam faktör verimliliği; İstikrarsızlık; Ekonomik büyüme; Politik ekonomi.;All these keywords.
JEL classification:
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
- O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ARA-2014-08-25 (MENA - Middle East and North Africa)
- NEP-CWA-2014-08-25 (Central and Western Asia)
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