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- Title
Determinants of Economic Growth in Turkey in the Presence of Structural Breaks.
- Authors
KETENCİ, Natalya; AYDOĞAN, Ebru Tomris
- Abstract
Sustainable economic growth is defined as a continuous increase in environmentally adjusted net domestic product (Bartelmus, 1994). This study investigates the role of natural gas consumption and trade openness in relation with the economic growth of Turkey for the period 1977-2017 throughout which Turkey underwent several political and economic shocks. To accomplish this, the paper employs the Kejriwal and Perron (2010) structural break test to investigate the relationship between economic growth and its determinants in the presence of structural shifts. By demonstrating the impacts of variables on economic growth through different sub-regimes, the outcomes underline the importance of structural breaks in estimations.
- Subjects
TURKEY; ECONOMIC development; NATURAL gas consumption; ECONOMIC shock; INTERNATIONAL economic relations
- Publication
Sosyoekonomi, 2019, Vol 27, p11
- ISSN
1305-5577
- Publication type
Article
- DOI
10.17233/sosyoekonomi.2019.04.01