Turkey : Recent Economic Developments and Selected Issues.
This paper reviews economic developments in Turkey during 1994-97. Real wages increased rapidly during 1989-93, dropped sharply in 1994-95, and have since recovered modestly. Real wage flexibility stems in part from the absence of widespread wage indexation, despite chronic high inflation. Rapid gro...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Series: | IMF Staff Country Reports; Country Report ;
No. 1998/104 |
| Online Access: | Full text available on IMF |
| Summary: | This paper reviews economic developments in Turkey during 1994-97. Real wages increased rapidly during 1989-93, dropped sharply in 1994-95, and have since recovered modestly. Real wage flexibility stems in part from the absence of widespread wage indexation, despite chronic high inflation. Rapid gross national product (GNP) growth, averaging 7.7 percent a year during 1995-97, raised GNP per capita to above USD 3,000 in 1997. Most of this dynamism originated from the industrial and trade sectors. Industry grew by 10.4 percent in 1997, led by a strong performance of private manufacturing (14.2 percent). |
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| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (206 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |