understanding of the convergence experience of Turkey. We explore some aspects of the convergence process of Turkey and provide some … income, Turkey is closer to Brazil than to Korea. From the 1960s until now, Korea is closing the gap in per capita income … that separates the country from the richest countries of the world. On the other hand, Brazil and Turkey lost ground in the …

As an emerging economy, Turkey is an interesting case study because it was one of the hardest hit countries by the … fallout from the crisis, the Central Bank of the Republic of Turkey (CBRT) decreased policy rates by an astounding 1025 basis …

This paper reviews the literature on the Middle Income Trap and compares Turkey to the rest of the trapped and non … quality education system to avoid the trap. When we compare Turkey’s human capital to human capital in non-trapped countries … competitive productive capacity” to overcome the trap. Our qualitative analysis also demonstrates that Turkey has not been …

In the first quarter of 2008, along with the beginning of the crisis, the employment share of agriculture in Turkey … productivity growth is needed as it is at the heart of the secular changes in employment shares in Turkey. …

Turkey has the lowest hours worked (the product of total employment and annual hours per worker, divided by the size of … growth model accounts for the decline in total hours worked during 1998-2009 in Turkey. Hours worked increased in Turkey …-varying taxes on consumption and labor play significant roles in explaining the hours worked in Turkey. The subsistence term is …

When examined in isolation, the 2002-2007 period in Turkey stands out as a high growth period. However, the relative … performance of Turkey in this period is weaker compared to China. The service sector in Turkey had the lowest labor productivity … aggregate productivity in Turkey. Using a newly constructed detailed sectoral database for China, I argue that if the service …

, Turkey. The trade-off theory provides a better description of the capital structures of all firm types than the pecking order …