Much concern has been expressed about the apparently adverse response of private investment to structural adjustment and other economic reform programmes, even in countries where these reforms appear to have been fairly successful according to other criteria. This issue is examined for the case...

The empirical results of the paper show that the private fixed capital accumulation in Turkey is constrained by the demand constraint and the availability of financial resources. The significance of the liquidity variable clearly points out that credit policy and accommodating monetary policy...

Despite its recent growth performance, the Turkish economy has been experiencing current account imbalances, and has so far been able to continue these imbalances without jeopardizing economic growth. However, recent uncertainties in the world economy have urged policy makers to control these...

During the last two decades, Turkey implemented a number of structural adjustment programmes, and changed the economic structural priorities from agriculture to manufacturing sectors. However, agricultural sector has still remained as the most important sector in terms of employing almost 29.5%...