Investment tends to fall dramatically in economic crises, which slows down the growth of the capital stock and thereby potential GDP. This note estimates the extent of such slowdown in the Turkish crises of 2001 and 2009. Capital growth fell significantly in both crises below its 1987-2011...

This paper estimates potential growth in Turkey using a production function estimation approach. Our approach aims to measure the inputs of production in the most detailed fashion that is possible and empirically addresses concepts of sustainable potential growth for Turkey. While developing...