The impact of structural reforms on economic growth in Turkey : evidence from linear and nonlinear ARDL modeling
Omer Yalçinkaya, Muhammet Daştan, Kerem Karabulut
This paper investigates the relationship between structural reforms and economic growth in Turkey during the 1990-2019 period. Employing a novel database (the MONA database), it constructs structural reform indexes for the fiscal, financial, real, and trade sectors with two different approaches (z-score and min-max). The study uses both the linear ARDL and nonlinear ARDL (NARDL) models to provide additional robust evidence of the response of economic growth to structural reforms. The findings indicate that financial, fiscal, real, and total structural reforms have positive and statistically significant effects on economic growth in Turkey, although the growth potential of trade structural reforms seems not to have been realized.
Alternative title: | El impacto de las reformas estructurales en Turquía |
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Year of publication: |
2021
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Authors: | Yalçinkaya, Omer ; Daştan, Muhammet ; Karabulut, Kerem |
Published in: |
Estudios de economía. - Santiago : [Verlag nicht ermittelbar], ISSN 0718-5286, ZDB-ID 2162059-3. - Vol. 48.2021, 1, p. 59-87
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Subject: | Structural Reforms | Economic Growth | ARDL Model | Turkish Economy | Türkei | Turkey | Wirtschaftswachstum | Economic growth | Kointegration | Cointegration | Wirtschaftsreform | Economic reform |
Saved in:
freely available
Type of publication: | Article |
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Type of publication (narrower categories): | Aufsatz in Zeitschrift ; Article in journal |
Language: | English |
Other identifiers: | hdl:10419/285086 [Handle] |
Classification: | O23 - Fiscal and Monetary Policy in Development ; O24 - Trade Policy; Factor Movement Policy; Foreign Exchange Policy ; O40 - Economic Growth and Aggregate Productivity. General ; C22 - Time-Series Models |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012544402