AN EMPIRICAL ANALYSIS ON THE STRUCTURAL CHANGE OF THE TURKISH ECONOMY

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Uygulamalı Ekonomi ve Sosyal Bilimler Dergisi
Cilt: 7 Sayı: 1
AN EMPIRICAL ANALYSIS ON THE STRUCTURAL CHANGE OF THE TURKISH ECONOMY

AN EMPIRICAL ANALYSIS ON THE STRUCTURAL CHANGE OF THE TURKISH ECONOMY

Authors : Sadık Yıldırım, Erdal Tanas Karagöl

Pages : 1-21

Doi:10.46959/jeess.1606879

View : 59 | Download : 140

Publication Date : 2025-05-05

Article Type : Research Paper

Abstract :Through computation and the extension of the data set from 1987 to 2016, as well as the evaluation of economic changes prior to and after the 2001 crisis, this study attempts to analyze and report real business cycle facts of the Turkish economy. The results of real business cycle fact for real GDP, private consumption, export and import after 2001 crisis indicate that Turkish economy is performing better than prior to it due to structural change occurred. The 2001 crisis was known mostly to be the result of the combined effects of many populist and non-independent institutional policies, such as fiscal and monetary policies, exchange rate policy, excessive debt and lack of competitiveness. Due to sound economic reforms implemented after the 2001 crisis, Turkish economy not only avoided the 2008 global financial crisis, but also had a strong and stable financial sector and institutions.
Keywords : Türkiye Ekonomisi, İş Döngüsü, Konjonktürel Dalgalanma

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