This paper examines the impact of trade liberalisation on the long-run economic development as measured by the real GDP per capita in Turkey. Based on the "endogenous" growth theory, we employ bivariate and multivariate cointegration analyses to test the long-run relationship among the relevant...

The paper basically aims to clarify the level of price competitiveness of the Turkish firms towards the EU Single Market in aggregate level. Thus it naturally examines the demand for exports and imports for Turkey in relation to the EU. In order to model the trade between Turkey and the EU, we...

This paper examines the process of convergence in relative GDP per capita across EU countries and Turkey and investigates the effects of openness, economic activity and human capital investment in the growth process. The presence of convergence was found to be higher for EU countries. We apply...

Ülkelerin ticari ve finansal dýþa açýklýðýnýn artmasý büyüme hýzýný ne yönde etkilemektedir? Dýþa açýklýðýn artmasý büyümeyi artýrmakta mýdýr, yoksa zayýflatmakta mýdýr? Dahasý, dýþa açýklýðý yüksek olan bir ekonomi dýþ þoklar / krizler karþýsýnda...

Varolan teorik ve ampirik literatür reel döviz kurunun ve kurdaki oynaklığın ihracat performansı üzerindeki önemli etkisini açıkça ortaya koymaktadır. Oysa Euro – Dolar paritesindeki oynaklığın etkileri literatürde tartışmalıdır. Bazı araştırmacılar son zamanlarda...

Based on ‘endogenous’ growth theory, the paper examines the effect of trade liberalization on long-run income per capita and economic growth in Turkey. Although the presumption must be that free trade has a beneficial effect on long run growth, counter examples can also be found. This...