Growth and economic crises in Turkey leaving behind a ...

EUROPEAN COMMISSIONG rowth and economic crises in Turkey : leaving behind a turbulent past?Mihai Macovei economic Papers 386| October 2009 EUROPEAN ECONOMY economic Papers are written by the Staff of the Directorate-General for economic and Financial Affairs, or by experts working in association with them. The Papers are intended to increase awareness of the technical work being done by staff and to seek comments and suggestions for further analysis. The author is grateful for the valuable comments and suggestions received from Johan Baras, Peter Grasmann, Nikolay Gertchev, Carole Garnier, Christophe Pavret de la Rochefordiere, Dirk Verbeken, Uwe Stamm and Guray Vural. The views expressed are the author s alone and do not necessarily correspond to those of the European Commission.

and what lessons the authorities drew from the 2000-01 crisis. This scene-setter leads on to a ... The low productivity growth and ... and low growth of total factor productivity (TFP), which has not gained any ground relative to the US. They suggest that these are the result of economic policies such as heavy

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  Factors, Lesson, Total, Productivity, Turkey, Total factor productivity

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