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Journal of Post Keynesian Economics Volume 35, 2012 - Issue 1
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Original Article

Balance-of-payments-constrained growth: the case of Turkey

Ferda Halicioglu Department of Economics, Yeditepe University, Istanbul, Turkey
Pages 65-78 | Published online: 08 Dec 2014
 
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Abstract

In order to test the existence of Thirlwall's law for Turkey during the 1980-2008 period, a bounds test approach to cointegration is applied. The empirical results suggest that Thirlwall's law holds for Turkey. This study also suggests some policy recommendations to curb the deficits in the balance of payments.

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