| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP14070
|
| DP14070 High-Quality Versus Low-Quality Growth in Turkey - Causes and Consequences |
| Daron Acemoğlu; Murat Üçer
|
| 发表日期 | 2019-10-21
|
| 出版年 | 2019
|
| 语种 | 英语
|
| 摘要 | Turkey’s economy has made important strides in the 17 years since the financial crisis of 2001, averaging an annual growth rate of about 5.7%. But the quality of this growth has been poor, especially since 2007, with little-to-no productivity growth, limited technological upgrading, substantial (mis)allocation of resources to the construction sector and a huge surge in credit. This growth has also been generally unequal. This low-quality, unequal growth has been in the context of worsening economic institutions, underpinned by deteriorating political institutions.
This paper attempts to understand the causes and consequences of low-quality growth in Turkey, briefly interrupted by a period of higher-quality growth between 2002 and 2006. The main thesis of our paper is that the lack of high-quality, shared growth in Turkey is rooted in the nature and evolution of its economic institutions, which are themselves closely linked to the country’s political institutions. The short episode of high-quality and more equally shared growth came as a result of institutional improvements, but duly disappeared as these institutional gains were reversed. |
| 主题 | Macroeconomics and Growth
|
| 关键词 | Economic growth
Emerging markets
High-quality growth
Institutions
Productivity
Shared prosperity
Turkey
|
| URL | https://cepr.org/publications/dp14070
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542955
|
推荐引用方式
GB/T 7714 |
Daron Acemoğlu,Murat Üçer. DP14070 High-Quality Versus Low-Quality Growth in Turkey - Causes and Consequences. 2019.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
