Guncavdi, Oner and Kucukcifci, Suat (2008): Economic Growth under Embargoes in North Cyprus: An Input-Output Analysis.
Download (297kB) | Preview
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.
|Item Type:||MPRA Paper|
|Original Title:||Economic Growth under Embargoes in North Cyprus: An Input-Output Analysis|
|Subjects:||F - International Economics > F5 - International Relations, National Security, and International Political Economy > F51 - International Conflicts ; Negotiations ; Sanctions
F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies
C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C67 - Input-Output Models
F - International Economics > F1 - Trade > F19 - Other
|Depositing User:||Oner Guncavdi|
|Date Deposited:||21. Jul 2008 06:09|
|Last Modified:||08. Mar 2015 08:35|
Albala-Bertrand, J.M. (1999), “Structural Changes in Chile: 1960-1990”, Economic System Research 11 (3): 301-319.
Ayres, R. (2003), “The Economic Costs of Separation: the North-South Development Gap in Cyprus”, Ekonomia, Vol. 6, No. 1: 39-52.
Bulmer-Thomas, V. (1982), Input-Output Analysis in Developing Countries, (New York: Wiley).
Chenery, H., S. Shishido and T. Watanabe (1962), “The Pattern of Japanese Growth 1914-54”, Econometrica 30 (1): 98-131.
Chenery, H., S. Rabinson, and M. Syrquin (1986), Industrialisation and Growth: A Comparative Study, (Oxford and New York: World Bank and Oxford University Press).
Çifçioğlu, S. (2000). “Structural Analysis of the North Cyprus Economy and Policy Suggestions for High Growth”, METU Studies in Development 27 (1-2):71-90. (in Turkish).
Eichengreen, B., R. Faini, J. von Hagen and C. Wyplosz (2004), Economic Aspects of the Annan Plan for the Solution of the Cyprus Problem, A Report to the Government of the Republic of Cyprus, Nicosia.
Ghafoor, A. and V. Yorucu (2002). “Public expenditure and productivity puzzle: The case of Northern Cyprus”, METU Studies in Development 29 (1-2): 69-85.
Günçavdı, Ö. and S. Küçükçifçi, (2005), “Financial Reforms and the Decomposition of Economic Growth: An Investigation of the Changing Role of the Financial Sector in Turkey”, Review of Middle East Economics and Finance 3 (1): 63-86.
Günçavdı, Ö. and S. Küçükçifçi, (2007), “The Sources for Economic Growth and Employment in the Turkish Republic of Northern Cyprus”, İktisat, İşletme and Finans, vol. 22, No. 250, pp. 37-52. (in Turkish).
Günçavdı, Ö., S. Küçükçifçi and A. A. Bayar (2008), “Economic Development and Structural Change: The Role of the Agriculture Sector in Turkey”, Mimeo., Faculty of Management, Istanbul Technical University.
Gregory, M., B. Zissimos and C. Greenhalgh (2001), “Jobs for the Skilled: How Technology, Trade, and Domestic Demand Changed the Structure of UK Employment, 1979-990”, Oxford Economic Papers 53: 20-46.
Günlük-Şenesen, G. and S. Küçükçifçi (1994), “Decomposition of Structural Change into Technology and Price Components: Turkey, 1973/1985”, Economic Systems Research 6 (2): 199-215.
Levine, R., and, D. Renelt (1992), “A Sensitivity Analysis of Cross-Country Growth Regressions”, American Economic Review 82: 942-963.
Mehmet, Ö. (2004), “Required Investment for Convergence of Growth Rates and Incomes per capita in a Possible Federal Cyprus: a Harrod-Domar Model, 2005-2025”. A paper presented at the workshop on North Cyprus at Wolfon College Oxford University, October 22nd.
Read, R., (2001), “Growth, Economic Development and Structural Transition in Small Vulnerable States”, World Institute of Economic Development Research (WIDER), Discussion Paper No. 2001/59, United Nations University.
Schumann, J. (1990), “On Some Basic Issues of Input-Output Economics: Technical Structure, Prices, Imputations, Structural Decomposition, Applied General Equilibrium”, Economic System Research 2 (3): 229-239.
State Planning Organization (2000 and 2008). Economic and Social Indicators. Nicosia, TRNC: SPO.