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...

Bu çalýþmada, Türkiye’de enflasyon-ekonomik büyüme iliþkisi 1987:1-2003:2 dönemi için test edilmiþtir. Çalýþmadan elde edilen bulgulara göre; enflasyon ekonomik büyümeyi negative yönde etkilemektedir. Þöyle ki, enflasyon oranýndaki %10’luk bir artýþ ekonomik büyümeyi...

In this paper, Turkish high and persistent inflation experience and its impact on inflation uncertainty and growth have been investigated. GARCH models are used to generate a measure of inflation uncertainty and quarterly data covers the period of 1987:1-2003:3. According to the results from...