The purpose of this paper is to examine the sensitivity of the Turkish economy's natural rate of growth to the actual rate of growth, covering the period 1980-2008. To determine the reason why the natural rate of growth is endogenous, the long-run and the causality relationships between real...

All countries of the European Union (EU) have had their economies impacted by COVID-19 and should focus their efforts on managing the negative impacts on their GDP growth. Since EU countries vary considerably in many criteria, the same policy would not fit all EU countries. This paper analyzes...

This paper revisits the work of Richard Cantillon and Francois Quesnay in order to conceptualise the dynamics between rural and urban areas in an economy. Concepts of social surplus and economy as a circular flow are presented in order to highlight the interrelationship between the growth...

Spanish Abstract: En las últimas décadas ha aumentado la bibliografía sobre la relación entre el crecimiento económico y su impacto social. Los sucesivos fracasos en la lucha contra la pobreza han dado lugar a nuevas estrategias para combatirla, como el “crecimiento pro-pobre.” Este...

In spite of two centuries of extensive debate, a consistent framework of the classical theory of population on which economists can universally agree has not been established. This means that either the theory lacks consistency or it has been misunderstood in important ways. This paper attempts...

Over the past two decades, there have been numerous attempts in economic theory to model the historical regime of a Malthusian trap as well as the transition to growth in one coherent framework, or in other words, a unified growth theory. However, in most of these models, an important effect...