Decomposition of Structural Change into Technology and Price Components: Turkey, 1973–85

Günlük-Şenesen, Gülay; Küçükçifçi, Suat

doi:10.1080/09535319400000018

Cited by 10 publications

(7 citation statements)

References 9 publications

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“…Hence all tables must bē rst aggregated to 24 sub-sectors because prices indices, which are required to produce real values, are only available at this aggregation level. The price adjustment procedure is described in Günlük-Şenesen and Küçükçifçi (1994) and Günçavd and Küçükçifçi (2002) (see Appendix C). All price index values are adjusted to the base year 1973 for this purpose.…”

Section: Datamentioning

confidence: 99%

Economic Development and Structural Change

Günçavdı

Küçükçifçi

Bayar

2013

Middle East Development Journal

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During the last two decades, Turkey implemented a number of structural adjustment programmes, and changed the economic structural priorities from agriculture to manufacturing sectors. However, agricultural sector has still remained as the most important sector in terms of employing almost 29.5% of total employment in the economy. Despite this situation share of agricultural production in total value added has drastically declined. This research aims to enlighten changing role of agricultural sector in Turkish economy. In doing so, we employ inputoutput model, in which sectoral inter-linkages can be de¯ned. Our research uses input-output tables from 1968 to 2002 and analyzes the importance of agricultural sector basing upon the forward and backward linkages calculated under di®erent hypothetical cases. Therefore, we can examine the changes in total production in the economy. Through such a sensitivity analyses, we are able to investigate the extent of which other sectors rely on the production of the agricultural sector.

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Section: Datamentioning

confidence: 99%

Economic Development and Structural Change

Günçavdı

Küçükçifçi

Bayar

2013

Middle East Development Journal

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“…Our investigation here requires an intertemporal comparison of the sources of output growth, and necessitates handling changes in price levels, particularly in any study involving a highly inflationary country such as North Cyprus. The price adjustment procedure is introduced in Appendix A just to keep the discussion in this section as simple as possible (see also Günlük-Şenesen and Küçükçifçi, 1994 (b) Results Table 3 shows total and sectoral growth rates and the shares of sectoral outputs.…”

Section: (A) Datamentioning

confidence: 99%

“…Using two input-output matrices for different years in current prices, we attempt to adjust coefficient matrices for s based matrices to the base year t (s>t) (e.g. see Günlük-Şenesen and Küçükçifçi, 1994). The deflating procedure involves expressing As, the matrix of technical coefficients, in the price of the year t. We define As t as As deflated with year s prices, so that…”

Section: Appendix A: Price Adjustment Proceduresmentioning

confidence: 99%

Economic Growth Under Embargoes in North Cyprus: An Input‐Output Analysis

Günçavdı

Küçükç

2009

Turkish Studies

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Abstract:The North Cyprus economy has been under economic embargoes for many years, and has been struggling to eradicate the income difference with the south of the island with extremely limited facilities. Successive governments have accordingly developed distinctive responses to cope with these difficulties. The paper examines these features of the North Cyprus economy with a particular emphasis on its response to economic embargoes. The paper also examines how important economic embargoes would be (or have been) in the North Cypriot economy. For this purpose total economic growth is decomposed with respect to different components of demand. The results show that despite the presence of embargoes, external demand and the availability of import flows are detrimental factors for economic growth. Also domestic final demand is an equally important source of growth in the North Cyprus economy.

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“…Using two input-output matrices for different years in current prices, we attempt to adjust coefficient matrices for s based matrices to the base year t (s>t) (e.g. see Günlük-Şenesen and Küçükçifçi, 1994). The deflating procedure involves expressing A s , the matrix of technical coefficients, in the price of the year t. We define A s t as A s deflated with year s prices, so that…”

Section: Appendixmentioning

confidence: 99%

Financial Reforms and the Decomposition of Economic Growth: An Investigation of the Changing Role of the Financial Sector in Turkey

Günçavdı¹,

Küçükçifçi²

2005

Review of Middle East Economics and Finance

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Turkey undertook a far-reaching structural adjustment programme in 1980. As an integral element of this programme, financial liberalisation aimed at increasing domestic savings and directing them efficiently towards financing investment projects, which will be likely to have positive impacts on economic growth. After 20 years the performance of these reforms in financial markets is still a matter of concern among academics. The aim of this paper is to examine the role of the financial sector in the whole economy and to assess the sources of gross output of the sector. By doing that we are able to connect financial reforms with different source of growth, and analyse the impacts of reforms on the production of financial services in the pre-and pro-liberalisation periods. To accomplish this aim, we introduce a new methodology, which is based upon the Leontief's input-output models. The results imply that the production sector of the Turkish economy has increasingly become independent from the use of financial service produced by the banking and insurance sector particularly in the post-reform period. JEL Classification: D57, F14, O16, R15

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Decomposition of Structural Change into Technology and Price Components: Turkey, 1973–85

Cited by 10 publications

References 9 publications

Economic Development and Structural Change

Economic Development and Structural Change

Economic Growth Under Embargoes in North Cyprus: An Input‐Output Analysis

Financial Reforms and the Decomposition of Economic Growth: An Investigation of the Changing Role of the Financial Sector in Turkey

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