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- Title
Yükselen Piyasa Ekonomileri ve Türkiye, 1990-2006: Neredeyiz?
- Authors
Kaya, Vedat; Yilmaz, Ömer; Talaş, Emrah
- Abstract
This study evaluates the macroeconomic performance of Turkish economy after the year 2002. This evaluation is based on "non-hierarchical cluster" analysis of 10 macroeconomic performance criterions of 17 emerging markets. This study covers 1990-2006 period annual data and each indicator is clustered for the period of 1990-2001, 2002-2006 and 1990-2006 separately. By this way, macroeconomic performance of Turkey is compared not only with its former data but also with the other 16 emerging countries' market data. Findings about the macroeconomic performance of Turkey after the year 2002, signal an absolute success for some variables (G and MBR), an absolute failure for some variables (U, CDGDP and GDPTW), and "neither success nor failure" for some variables (PCGDP and FDI). The condition of some variables is different: When after the year 2002 performance of these variables is compared with its former condition, it signals an absolute success and when compared with the other countries it signals an absolute failure. As a result of the study, it is observed that high level of interest rate of Turkish economy continues to be the most critical indicator relatively.
- Subjects
TURKEY; MACROECONOMICS; EMERGING markets; DEVELOPING countries; ECONOMIC development; SOCIAL systems; TRANSITION economies; COMPARATIVE studies; MACROECONOMICS -- Econometric models
- Publication
Journal of Graduate School of Social Sciences, 2009, Vol 13, Issue 1, p315
- ISSN
1304-4990
- Publication type
Article