This study estimates and tests the endogeneity of the natural rate of growth using the balance-of-payments consistent rate of growth (BPCRG) instead of the actual rate of growth. Our approach is also theoretically compatible with the one proposed by Thirlwall (2001). Following this idea, we...

This study answers the question: What are the results of assuming the nature of technological progress as Harrod-neutral in growth accounting for the Middle East and North African (MENA) countries? Accordingly, this study contributes to the debate over whether the sources of economic growth stem...

This study estimates and tests the endogeneity of the natural rate of growth using the balance-of-payments consistent rate of growth (BPCRG) instead of the actual rate of growth. Our approach is also theoretically compatible with the one proposed by Thirlwall (2001). Following this idea, we...

Bu çalışmanın amacı iktisat ile etik ilişkisini açıklamak ve Alfred Marshall ve John Maynard Keynes’in etiğe ilişkin düşüncelerini tartışmaktır. Çalışmada, iktisat ile etik arasında bir ilişki olduğunun birçok düşünür tarafından kabul gördüğü gösterilmiştir....

Traditional sources of growth studies generally assume that the nature of technological progress is Hicks-neutral. However, the nature of technological progress compatible with steady state conditions is Harrod-neutral rather than Hicks-neutral. This study thus investigates sources of growth for...

This paper analyses the short- and long-term relationships between the transportation--communication capital and the output for Turkey. The study applies a Cobb--Douglas production function under the assumption of constant returns to scale and employs co-integration analysis by estimating a...

The purpose of this paper is to examine the sensitivity of the Turkish economy’s natural rate of growth to the actual rate of growth, covering the period 1980-2008. To determine the reason why the natural rate of growth is endogenous, the long-run and the causality relationships between real...