Turkey’s Volatile Growth
Abstract
Economic
growth represents a quantitative increase in gross domestic product; but it is
necessary for long-term and continuous growth to become an important
developmental indicator. Turkey in line with development plans, has identified
potential economic growth rates; but these ratios have not been realized and
the growth has followed a rolling path over the years. This has hampered the
continuity of economic growth. Behind this situation, which is described as
volatility, many factors play an important role, especially the wage employment
structure of the country, social and military expenditures, institutional
characteristics. The aim of this study is to analyze the reasons behind
Turkey's volatile growth, to discuss how to ensure stable growth.
Keywords
economic growth,social expenditures,democracy