Munich Personal RePEc Archive

What are the factors that drive economic growth? evidence from Turkey

Baddou, Mehdi and Masih, Mansur (2018): What are the factors that drive economic growth? evidence from Turkey.

[thumbnail of MPRA_paper_111202.pdf]

Download (374kB) | Preview


The paper focuses on the factors determining the economic growth. Turkey is used as a case study. Because of the regional tensions in the Turkish region, we want to help the policy makers know what factors of economic growth they should focus on to promote growth. The standard time series techniques are used for the analysis. The findings tend to indicate that the GDP is the most endogenous (i.e., dependent) variable and the inflation rate is the most exogenous (i.e., independent) variable. Based on the generalized variance decompositions, it appears that the Granger-causal chain is driven mainly by the inflation rate leading to gross capital formation, Government consumption, trade openness and GDP. Our findings recommend that the Turkish policy makers should focus on the above factors to enhance economic growth.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.