The Sources of Long-Term Economic Growth for Turkey, 1880-2005

58 Pages Posted: 30 May 2008

See all articles by Sumru Altug

Sumru Altug

American University of Beirut - Faculty of Arts & Sciences; Koc University - Department of Economics

Alpay Filiztekin

Sabanci University - Faculty of Arts and Social Sciences

Sevket Pamuk

Bogazici University

Date Written: September 2007

Abstract

This paper considers the sources of long-term economic growth for Turkey over the period 1880-2005. The period in question covers the decline and eventual dissolution of the former Ottoman Empire and the emergence of the new Turkish Republic in 1923. Hence, the paper provides a unique look at the growth experience of these two different political and economic regimes. The paper examines in detail the evolution of factors that led to growth in output across broad periods, including the post WWII period and the era or globalization beginning in the 1980's. It also considers output growth in the agricultural and non-agricultural sectors separately and allows for the effects of sectoral re-allocation. The lessons from this exercise have important implications for Turkey's future economic performance, for its ability to converge to per capita income levels of developed countries, and for the viability of its current bid for European Union membership.

Keywords: determinants of growth, growth accounting, sectoral re-allocation

JEL Classification: E60, N15, O40, O50, O57

Suggested Citation

Altug, Sumru and Filiztekin, Alpay and Pamuk, Sevket, The Sources of Long-Term Economic Growth for Turkey, 1880-2005 (September 2007). CEPR Discussion Paper No. DP6463, Available at SSRN: https://ssrn.com/abstract=1138576

Sumru Altug (Contact Author)

American University of Beirut - Faculty of Arts & Sciences ( email )

P.O.Box 11-0236 / (Department)
Beirut
Lebanon

Koc University - Department of Economics ( email )

Rumeli Feneri Yolu
Sariyer 34450, Istanbul
Turkey
(90 212) 338 1673 (Phone)
(90 212) 338 1651 (Fax)

Alpay Filiztekin

Sabanci University - Faculty of Arts and Social Sciences ( email )

Orhanli-Tuzla, 34956 Istanbul
Turkey

Sevket Pamuk

Bogazici University ( email )

Bebek, İstanbul 34342
Turkey

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