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## Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity

#### Ekrem GÜL [1] , Ünsal Ozan KAHRAMAN [2]

Behind the most important tip how to analyze an economic phenomenon, event or policy and how to deal with the matter and which tools to use, while a total combination of instruments belonging to the economic theory are available, lies the fact that the discussed phenomenon has a long or short term character. One of the most important lessons we take from the economic literature is that obstacles on price mechanism such as the long-term price rigidities and contracts are removed and so the curve of aggregate supply is detected to be quite upright and therefore the total demand (shifting left or right that is to say increase or decrease) does not have much effect on the output. This intuition provides us an insight in laying emphasis on supply-side and needing to find other ways to move the upright supply curve right. This classical price mechanism approach, which regards economy as a matrix of prices, in which a large number of goods and services are in the same kind, has two key categories: growth and efficiency. The main issue in this picture, where each supply creates its own demand, is to increase the total supply (or more precisely to shift the curve of the long-term potential total supply to the right) or to reach the most effective cost and resource allocation which maximize the social welfare, while supply is used as a data. At this point, a total tool of microeconomics borrowed from classical economics stand in front of us. One of the most important shortages in the literature of capital controls is the fact that such a primary distinction is often not made and the microeconomics aspect of the matter is often not be included
Other ID JA89UH37RG Article Author: Ekrem GÜL Author: Ünsal Ozan KAHRAMAN Publication Date : December 1, 2016
 Bibtex @ { sid324801, journal = {Sakarya İktisat Dergisi}, issn = {2147-0790}, eissn = {2147-1126}, address = {Sakarya Üniversitesi İktisat Dergisi Esentepe Kampüsü, İktisadi ve İdari Bilimler Fakültesi B Blok 420}, publisher = {Sakarya University}, year = {2016}, volume = {5}, pages = {86 - 94}, doi = {}, title = {Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity}, key = {cite}, author = {Kahraman, Ünsal Ozan} } APA Gül, E , Kahraman, Ü . (2016). Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity . Sakarya İktisat Dergisi , 5 (4) , 86-94 . Retrieved from https://dergipark.org.tr/en/pub/sid/issue/30106/324801 MLA Gül, E , Kahraman, Ü . "Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity" . Sakarya İktisat Dergisi 5 (2016 ): 86-94 Chicago Gül, E , Kahraman, Ü . "Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity". Sakarya İktisat Dergisi 5 (2016 ): 86-94 RIS TY - JOUR T1 - Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity AU - Ekrem Gül , Ünsal Ozan Kahraman Y1 - 2016 PY - 2016 N1 - DO - T2 - Sakarya İktisat Dergisi JF - Journal JO - JOR SP - 86 EP - 94 VL - 5 IS - 4 SN - 2147-0790-2147-1126 M3 - UR - Y2 - 2021 ER - EndNote %0 Sakarya İktisat Dergisi Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity %A Ekrem Gül , Ünsal Ozan Kahraman %T Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity %D 2016 %J Sakarya İktisat Dergisi %P 2147-0790-2147-1126 %V 5 %N 4 %R %U ISNAD Gül, Ekrem , Kahraman, Ünsal Ozan . "Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity". Sakarya İktisat Dergisi 5 / 4 (December 2016): 86-94 . AMA Gül E , Kahraman Ü . Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity. Sakarya İktisat Dergisi. 2016; 5(4): 86-94. Vancouver Gül E , Kahraman Ü . Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity. Sakarya İktisat Dergisi. 2016; 5(4): 86-94. IEEE E. Gül and Ü. Kahraman , "Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity", Sakarya İktisat Dergisi, vol. 5, no. 4, pp. 86-94, Dec. 2016

Authors of the Article
[1]
[2]