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This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience of Turkey during the period 1963-2005 by using cointegration and causality tests. Kaldor's first law states that manufacturing is the engine of economic growth, whereas the...
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Corruption is seen in nearly every society since ancient times. However, economic and social costs it caused attracted … more attention especially in the last decade. It is widely agreed upon that, corruption affects economic growth and … development negatively. In the literature, there is almost a consensus about that corruption of the public officers discourages …
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