On the path to high-income status or to middle-income trap: The Turkish economy in search of its future

Ahmet Faruk Aysan; Mehmet Babacan; Nurullah Gur; Hatice Karahan

doi:10.1007/978-3-319-70380-0_1

On the path to high-income status or to middle-income trap: The Turkish economy in search of its future

Ahmet Faruk Aysan^*, Mehmet Babacan, Nurullah Gur, Hatice Karahan

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

The growth episode of the Turkish economy in the 2000s was written based on two integrated fundamentals: fixing the deteriorating dynamics and implementing further reforms to stimulate economic activity. This basic formula led to attractive rates of economic growth, fueled particularly by domestic private investments along with revived consumption and exports. Integrated with the political stability established by single-party governments in the post-2002 period, the improving economic outlook also helped Turkey enjoy record levels of foreign investment, adding momentum to the growth story.

Original language	English
Title of host publication	Turkish Economy
Subtitle of host publication	Between Middle Income Trap and High Income Status
Publisher	Palgrave Macmillan
Pages	1-11
Number of pages	11
ISBN (Electronic)	9783319703800
ISBN (Print)	9783319703794
DOIs	https://doi.org/10.1007/978-3-319-70380-0_1
Publication status	Published - 1 Jan 2018
Externally published	Yes

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10.1007/978-3-319-70380-0_1

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On the path to high-income status or to middle-income trap: The Turkish economy in search of its future

Abstract

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