TY  - JOUR
TT  - BALANCE OF PAYMENTS CONSTRAINED GROWTH IN TURKEY (1950-2014)
AU  - Tatlıyer, Mevlüt
PY  - 2017
DA  - September
JF  - Kırklareli Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
JO  - KLUJFEAS
PB  - Kırklareli Üniversitesi
WT  - DergiPark
SN  - 2146-3417
SP  - 21
EP  - 35
VL  - 6
IS  - 2
KW  - ödemeler dengesi kısıtı
KW  - Thirlwall kanunu
KW  - ekonomik büyüme
KW  - Türkiye
KW  - koentegrasyon
N2  - This paper investigates whether Thirlwall’s law, or balance of payments-constrained growth model(BPC) holds for Turkey, using annual data spanning from 1950 to 2014. Unlike previous studies forthe country, we tested both original Thirlwall’s law and its modified version with capital flows andinterest payments, for a much longer period. The empirical findings indicate that Thirlwall’s lawsomewhat holds for Turkey and further restrictions imposed by modified version of the Thirlwall’slaw do not constitute an important hindrance to economic growth performance directly. Turkeyshould improve its production base and manage to produce higher quality products for both exportsand domestic consumption. Such a policy will solve balance of payments constrained growthproblem, by both increasing exports and decreasing income elasticity of demand for imports.
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UR  - https://dergipark.org.tr/tr/pub/klujfeas/issue//339960
L1  - https://dergipark.org.tr/tr/download/article-file/344256
ER  -