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on Central and Western Asia |
| By: | Kibritçioğlu, Aykut |
| Abstract: | In The Economist dated June 8, 2013, it was stated that "Turkey's GDP per person had tripled in the past ten years". In the following issue, however, the editors corrected this information and wrote that "this was true only in nominal terms. In real terms, GDP per person has risen by just 43%." This statement of correction triggered a hot and long-lasting debate in the social media between Dr. Dani Rodrik, a world-wide known Turkish professor of economics, and Mr. Mehmet Şimşek, Minister of Finance of the Republic of Turkey, about the selection of most suitable indicator in evaluation of economic growth performance of Turkey between 2002 and 2012. This study firstly documents the details of the two countering arguments and development of the debate between an academic economist and a politician. It then reviews (and discusses the appropriateness of) various indicators of real and nominal (per-capita) economic growth in economic(s) discussions. For non-economists, this piece will helpful in understanding whether Rodrik, who uses the "real (per-capita) GDP growth", or Şimşek, who prefers to consider the "nominal GDP, in US dollar terms", in evaluating Turkey’s growth performance, is right, and to what extent. |
| Keywords: | Turkish economy, long-run economic growth, short-run economic growth, real growth, nominal growth, per-capita growth |
| JEL: | N14 N15 O40 O47 |
| Date: | 2013–07–17 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:56639&r=cwa |
| By: | Alessia LO TURCO (Universit… Politecnica delle Marche, Dipartimento di Scienze Economiche e Sociali); Daniela MAGGIONI (Universit… Politecnica delle Marche, Dipartimento di Scienze Economiche e Sociali) |
| Abstract: | We explore the role of firm and local product-specific capabilities in fostering the introduction of new products in the Turkish manufacturing. Firms' product space evolution is characterised by strong cognitive path dependence which, however, is relaxed by firmheterogeneity in terms of size, efficiency and international exposure. The introduction of new products in laggard Eastern regions, which is importantly related to the evolution of their industrial output, is mainly affected by firm internal product specific resources. On the contrary, product innovations inWestern advanced regions hinge relatively more on the availability of suitable local competencies. |
| Keywords: | Firm heterogeneity, Product Innovation |
| JEL: | D22 O12 O53 |
| Date: | 2014–06 |
| URL: | http://d.repec.org/n?u=RePEc:anc:wpaper:402&r=cwa |
| By: | Al-Haboby, Azhr; Breisinger, Clemens; Debowicz, DarÃo; El-Hakim, Abdul Hussein; Ferguson, Jenna; van Rheenen, Teunis; Telleria, Roberto |
| Abstract: | This paper estimates the potential effects of achieving the agricultural goals set out in Iraq’s National Development Plan (NDP) 2013–2017 using a dynamic computable general equilibrium model. The findings suggest that raising agricultural productivity in accordance with the NDP may more than double average agricultural growth rates and add an average of 0.7 percent each year to economywide gross domestic product during the duration of the plan. As a consequence, the economy not only diversifies into agriculture, but agricultural growth also lifts growth in the food processing and service sectors. |
| Keywords: | Agricultural development, economic growth, Poverty, Gender, Women, Agricultural policies, Economic development, Agricultural growth, dynamic computable general equilibrium, |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:fpr:ifprid:1349&r=cwa |