How can Turkey increase its medium- and long-term growth potential? Despite episodes of fast growth, this has become a vital question for the Turkish economy, in order to avoid being stuck in a middle-income trap. There has been an increase in the number of studies presenting growth in Turkey and quantifying the sources of economic growth, however, due to the difference in the main underlying assumptions and the time period covered in these studies, the results differ. The second strand of literature on growth in Turkey identifies the relative underperformance of the Turkish economy by developing models with microeconomic foundations.
Given the fact that there are a large number of studies investigating the macro dynamics of growth in Turkey, the book’s unique focus on the "neglected" issues in growth discussions closes the gap in the existing literature. It addresses the micro, macro, regional, and gender aspects, the environment–energy–growth nexus, as well as the microeconomic dynamics of growth. It also analyses the other significant determinants of long run growth in Turkey such as import dependency and saving-investment decision. The authors provide a macro overview of all of the precluded subjects in order to evaluate them in relation to one other, as well as to derive policy conclusions from them.
This book primarily targets academics as well as graduate and undergraduate social sciences and humanities students both in Turkey and other countries. It is also a must read for researchers and policy makers not only in Turkey but also in other developing economies and is of interest to specialists of non-governmental and non-profit organizations.
Table of Contents
Introduction (Arzu Akkoyunlu Wigley, Selim Çağatay, M. Aykut Attar)
Chapter 1. Long-Run Economic Growth in Turkey: Sources, Pitfalls, and Prospects (M. Aykut Attar)
Chapter 2. Puzzling out the Feldstein-Horioka Paradox for Turkey by a Time-Varying Parameter Approach (Dilem Yıldırım and Onur A. Koska)
PART 1: REGIONAL DYNAMICS AND OUTLOOK
Chapter 3. The Effects of Economics Incentive Packages on Regional Labor Market in Turkey (Mehmet Zanbak and M. Çağlar Özdemir)
Chapter 4. Determining Priority Regions to Nurture Economic Development: A Critical Approach (Dilek Başar, Selcen Öztürk and Kübra Coşar)
Chapter 5. Analyzing Socio-economic Drivers of Urban Growth in Turkey (Ümit K. Seyfettinoğlu and Büşra Akın)
Chapter 6. Impacts of Inter-regional and International Trade on Regional Per Capita Income Gap in Turkey (Zafer Barış Gül and Selim Çağatay)
PART 2: GENDER-GROWTH NEXUS
Chapter 7. Female Labor Force Participation, Inequality and Growth: Gains from Closing the Gender Gap in Participation for Turkish Economy (Güneş A. Aşık)
Chapter 8. Analyzing the Dilemma between Part-Time Working Hours and Economic Growth in Turkey from a Gender Perspective (Derya Güler Aydın and Ahu Sumbaş)
PART 3: FIRM-LEVEL DYNAMICS
Chapter 9. Catching-up with the Technology Frontier: Micro-Level Evidence on Innovation and Growth Dynamics (Başak Dalgıç and Burcu Fazlıoğlu)
Chapter 10. Firm Growth Dynamics and Employment Generation in Turkish Manufacturing (Ünal Töngür and Erol Taymaz)
Chapter 11. Import Dependency in Turkey: An Input-Output Analysis Based on Firm Level Data (Sevinç Mıhcı and Nasip Bolatoğlu)
PART 4: ENVIRONMENT-ENERGY-GROWTH NEXUS
Chapter 12. A Sectoral Analysis of CO2 Emissions: Can Turkey Achieve a Low-carbon Growth Path? (Onur Yeni)
Chapter 13. Environmental Kuznets Curve for Carbon Emissions in Turkey: The Role of Energy (G. Kaya, Ö. Kayalıca, B. Ulengin, M. Kumaş)
Concluding Remarks (Arzu Akkoyunlu Wigley, Selim Çağatay)
Arzu Akkoyunlu Wigley is a professor at the Department of Economics, Hacettepe University, Turkey.
Selim Çağatay is a professor at the Department of Economics, Akdeniz University, Turkey.