Adamopoulos, Tasso; Akyol, Ahmet - Society for Economic Dynamics - SED - 2006
: its real GDP per capita is stuck at 20% of that of the US. At a proximate level, we show that Turkey's relative stagnation … stagnation of its TFP. We argue that the first fact is due to policies of high personal income taxation, and high social security … quantitatively for Turkey's relative stagnation …