INFLATION AND ECONOMIC GROWTH IN TURKISH ECONOMY 1950-2015

Abstract

In this study, I analyzed economic growth, inflation and the relationship between these variables from 1950s to 2015 for the Turkish economy, and tried to ascertain causal relationship between them with narrative method. Findings indicate that economic crises and accompanying budget problems result in much higher inflation rate through monetization, and high inflation is more of a result than a cause of economic recessions and crises. In addition, I tried to show that higher moderate inflation can accompany higher economic growth, and reached the conclusion that there is no negative relationship between economic growth and moderate inflation

Keywords

• Inflation
• Economic Growth
• Economic Crisis
• Political Instability
• Turkish Economy

TÜRKİYE EKONOMİSİNDE ENFLASYON VE EKONOMİK BÜYÜME 1950-2015

Öz

Bu çalışmada 1950’lerden 2015’e kadar Türkiye’de ekonomik büyüme ve enflasyonnin seyri ve bu ikisi arasındaki ilişki incelenmiş ve aralarındaki nedensellik ilişkisinin niteliği betimsel analizle ortaya konulmaya çalışılmıştır. Sonuçta ise Türkiye’de ekonomik krizlerin ve bu krizlere eşlik eden bütçesel sıkıntıların parasallaşma yoluyla enflasyon oranının ciddi biçimde yükselmesine yol açtığı, bu açıdan yüksek enflasyonun ekonomik resesyonların ve krizlerin bir nedeni olmaktan çok sonucu olduğu anlayışına ulaşılmıştır. Öte yandan, daha yüksek ılımlı enflasyonun daha yüksek ekonomik büyümeye eşlik edebildiği ortaya konulmaya çalışılmış, böylece enflasyon ile ekonomik büyüme arasında özellikle ılımlı enflasyon oranlarının cari olduğu dönemlerde olumsuz bir ilişkinin olmadığı sonucuna ulaşılmıştır.

Anahtar Kelimeler

• Enflasyon
• Ekonomik Büyüme
• Ekonomik Kriz
• Siyasi İstikrarsızlık
• Türkiye Ekonomisi

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