SciELO - Scientific Electronic Library Online

 
vol.48 issue1EU minimum wages: To what extent does ideology matter? author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

Related links

  • On index processCited by Google
  • Have no similar articlesSimilars in SciELO
  • On index processSimilars in Google

Share


Estudios de economía

On-line version ISSN 0718-5286

Abstract

YALCINKAYA, Omer; DAşTAN, Muhammet  and  KARABULUT, Kerem. The Impact of Structural Reforms on Economic Growth in Turkey: Evidence from Linear and Nonlinear ARDL Modeling. Estudios de Economía [online]. 2021, vol.48, n.1, pp.59-87. ISSN 0718-5286.  http://dx.doi.org/10.4067/S0718-52862021000100059.

This paper investigates the relationship between structural reforms and economic growth in Turkey during the 1990-2019 period. Employing a novel database (the MONA database), it constructs structural reform indexes for the fiscal, financial, real, and trade sectors with two different approaches (z-score and min-max). The study uses both the linear ARDL and nonlinear ARDL (NARDL) models to provide additional robust evidence of the response of economic growth to structural reforms. The findings indicate that financial, fiscal, real, and total structural reforms have positive and statistically significant effects on economic growth in Turkey, although the growth potential of trade structural reforms seems not to have been realized.

Keywords : Structural Reforms; Economic Growth; ARDL Model; Turkish Economy.

        · abstract in Spanish     · text in English     · English ( pdf )