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Evaluating Different Growth Strategies: The Case of Turkey

Evaluating Different Growth Strategies: The Case of Turkey

Adem Gök, Deniz Güvercin
Copyright: © 2023 |Pages: 20
ISBN13: 9781668459768|ISBN10: 1668459760|ISBN13 Softcover: 9781668459775|EISBN13: 9781668459782
DOI: 10.4018/978-1-6684-5976-8.ch012
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MLA

Gök, Adem, and Deniz Güvercin. "Evaluating Different Growth Strategies: The Case of Turkey." Considerations of Territorial Planning, Space, and Economic Activity in the Global Economy, edited by Helmuth Yesid Arias Gomez and Gabriela Antošová, IGI Global, 2023, pp. 205-224. https://doi.org/10.4018/978-1-6684-5976-8.ch012

APA

Gök, A. & Güvercin, D. (2023). Evaluating Different Growth Strategies: The Case of Turkey. In H. Arias Gomez & G. Antošová (Eds.), Considerations of Territorial Planning, Space, and Economic Activity in the Global Economy (pp. 205-224). IGI Global. https://doi.org/10.4018/978-1-6684-5976-8.ch012

Chicago

Gök, Adem, and Deniz Güvercin. "Evaluating Different Growth Strategies: The Case of Turkey." In Considerations of Territorial Planning, Space, and Economic Activity in the Global Economy, edited by Helmuth Yesid Arias Gomez and Gabriela Antošová, 205-224. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-5976-8.ch012

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Abstract

Analyzing Turkey over 2005: Q1-2017: Q4 period by ARDL approach, the study examines the growth performance of export-led, FDI-led, consumption-led, FPI-led, and investment-led strategies. The study also examines the impact of these growth strategies on various macroeconomic indicators including inflation, unemployment, and exchange rates. Results indicate that consumption-led growth strategy increases growth and unemployment without exerting statistically significant effects on any other indicators. FDI-led growth strategy positively contributes to economic growth, employment, inflation, and trade deficit. Export-led growth strategy positively contributes to economic growth, employment, external debt, and inflation. Investment-led growth strategy does not affect economic growth and employment but positively affects trade deficit and external debt. FPI-led growth strategy decreases economic growth, does not generate employment, and decreases inflation, external debt, and trade deficit.

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