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dc.contributor.authorYücel, Mustafa Emir
dc.contributor.authorCivcir, İrfan
dc.date.accessioned2021-03-03T08:25:46Z
dc.date.available2021-03-03T08:25:46Z
dc.date.issued2020-06-08
dc.identifier.urihttp://hdl.handle.net/11772/6622
dc.description.abstractBalance of payments constrained growth model considers that if a country has a chronic external deficit, economic growth can be constrained. Initial model extended by taking into account the effects of capital flows, external debt sustainability, interest payments, budget deficit or public debt, simultaneous effect of internal and external imbalance, and the role of relative prices. We further incorporate Turkey’s high intensity of imports in the aggregate demand components and estimated the model with system estimator. The new version of the model improves significantly explaining the growth in Turkey. Our results reveal that economic growth in Turkey constrained by internal and external imbalances and relative prices play a significant role. Policies aimed at changing the structure of the imports and exports are the most effective for achieving higher growth. It is also shown that economic growth in Turkey highly depends on external demand when the strong depreciation of the domestic currency also acts as a stimulus to growth.tr_TR
dc.language.isoengtr_TR
dc.publisherSagetr_TR
dc.relation.isversionof10.1177/2158244020919493tr_TR
dc.rightsinfo:eu-repo/semantics/openAccesstr_TR
dc.subjectBalance of payments constrained growthtr_TR
dc.subjectInternal and external imbalancetr_TR
dc.subjectEquilibrium growth ratetr_TR
dc.subjectSustainable growth ratetr_TR
dc.subjectSürdürülebilir büyüme oranıtr_TR
dc.titleEffects of internal and external imbalances and the role of relative prices on economic growth: Evidence from Turkeytr_TR
dc.typearticletr_TR
dc.relation.journalSage Opentr_TR
dc.contributor.departmentBartın Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümütr_TR
dc.contributor.authorID0000-0002-2557-2625tr_TR
dc.contributor.authorID0000-0002-3189-7338tr_TR
dc.identifier.volume10tr_TR
dc.identifier.issue2tr_TR
dc.identifier.startpage1tr_TR
dc.identifier.endpage12tr_TR


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