首页 | 本学科首页   官方微博 | 高级检索  
     


Balance-of-payments constrained growth model for the Turkish economy
Affiliation:1. Gazi University, Department of Econometrics, 06500 Ankara, Turkey;2. Yildirim Beyazit University, School of Management, Cinnah Cd. 16, 06690 Ankara, Turkey;1. School of Information Technology, Jiangxi University of Finance and Economics, Nanchang 330013, China;2. School of Business Administration, Northeastern University, Shenyang 110819, China;3. Department of Economics, Acadia University, Wolfville, NS B4P 2R6, Canada;4. School of Business Administration, Acadia University, Wolfville, NS B4P 2R6, Canada;1. Department of Finance, School of Economics and Management, Changzhou University, Changzhou 213164, PR China;2. School of Business Administration, Zhejiang Gongshang University, Hangzhou 310018, PR China;3. Department of Accounting and Finance, School of Management, Zhejiang University, Hangzhou 310058, PR China;1. ICAR-Central Island Agricultural Research Institute, Port Blair, Andaman and Nicobar Islands 744101, India;2. GCC Biotech India Pvt. Ltd., Kirtankhola, Joychandipur, West Bengal 743377, India;3. ICAR-National Dairy Research Institute, Karnal, Haryana 132001, India
Abstract:Economists have investigated the relationship between output and export in order to explain economic growth for long years. Numerous studies have found very close correspondence between the growth of output and export. It is commonly known that Thirlwall's papers indicate very tight relationship between the growth of output and the ratio of the growth of exports to the income elasticity of demand for imports. This paper aims to apply Thirlwall's balance-of-payments-constrained (BPC) model for the Turkish economy for 1968–2011 period. This research also evaluates the procedures of testing Thirlwall's principle by estimation of the income elasticity of demand for imports using the test of stationarity and cointegration methods. The findings are in accordance with the Harrod–Thirlwall growth model. The test results of Johansen cointegration procedure and the comments on these results are presented as well.
Keywords:
本文献已被 ScienceDirect 等数据库收录!
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号