DOES TURKEY SUFFER FROM MIDDLE INCOME TRAP OR IS IT STUCK IN PERMANENT LOW GROWTH?

Year 2019, Volume: 3 Issue: 1, 19 - 27, 15.03.2019

Fatma Doğruel , A. Suut Doğruel

Abstract

Explaining the disparities in growth rates
across both developing and developed countries is one of the vital questions in
the theory of economic growth. As an answer to this question the term
middle-income trap was introduced about a decade ago and it quickly became
popular in politics, media and academics. The aim of the paper is to seek to
what extent this term is capable to explain the growth performance of the
Turkish economy. Following a brief discussion on middle-income trap, the paper
focuses on the Turkish economic growth. It is concluded that the major problem
of Turkey is persistent slow long-run growth rather than the growth slowdown
following fast growth as suggested by the literature

Keywords

Growth Slowdown, Middle Income Trap, Turkey

TÜRKİYE ORTA GELİR TUZAĞINDA MI YOKSA SÜREKLİ DÜŞÜK BÜYÜMENİN KISKACINDA MI?

Abstract

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