Structure of the economy refers to the shares of the broad sectors agriculture, industry, and services in gross domestic income (GDP) and employment. On the other hand, structural transformation refers the change in these shares over time. The purpose of this study is to enhance our...

Ever since the outbreak of the sovereign debt crisis, coordinating economic growth with fiscal sustainability has been on the European agenda. Fiscal consolidation calls for fiscal sustainability and austerity programs. But at present economic contraction/recession is the main problem,...

Empirical results on the link between financial development and economic growth is mixed in Turkey. However, existing studies did not take into account the fact that Turkey has experienced endemic political and economic instabilities over extended periods. As a consequence of such instabilities,...