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Sources of long-term economic growth for Turkey, 1880–2005

Published online by Cambridge University Press:  01 December 2008

SUMRU ALTUG ,
ALPAY FILIZTEKIN  and
ŞEVKET PAMUK
SUMRU ALTUG
Affiliation:
Koç University and CEPR, Economics Department, Rumelifeneri Yolu, Sariyer, Istanbul, 34450, Turkey, [email protected]
ALPAY FILIZTEKIN
Affiliation:
Sabanci University, Orhanli, Tuzla 34956, Istanbul, Turkey, [email protected]
ŞEVKET PAMUK
Affiliation:
Boğaziçi University, Istanbul, Turkey, [email protected]
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Abstract

This article considers the sources of long-term economic growth for Turkey over the period 1880–2005. The period in question covers the decline and eventual dissolution of the former Ottoman Empire and the emergence of the new Turkish Republic in 1923. Hence, the article provides a unique look at the growth experience of these two different political and economic regimes. The article examines in detail the evolution of factors that led to growth in output across broad periods, including the post-World War II period and the era of globalization beginning in the 1980s. It also considers output growth in the agricultural and non-agricultural sectors separately and allows for the effects of sectoral re-allocation. The lessons from this exercise have important implications for Turkey's future economic performance, for its ability to converge to per capita income levels of developed countries, and for the viability of its current bid for European Union membership.

Type
Research Article
Information
European Review of Economic History , Volume 12 , Issue 3 , December 2008 , pp. 393 - 430
Copyright
Copyright © European Historical Economics Society 2008

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