The Impact of Structural Reforms on Economic Growth in Turkey: Evidence from Linear and Nonlinear ARDL Modeling

Abstract: This paper investigates the relationship between structural reforms and economic growth in Turkey during the 1990-2019 period. Employing a novel database (the MONA database), it constructs structural reform indexes for the fiscal, financial, real, and trade sectors with two different appro...

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Autores principales:	Yalçinkaya,Omer, Daştan,Muhammet, Karabulut,Kerem
Lenguaje:	English
Publicado:	Universidad de Chile. Departamento de Economía 2021
Materias:	Structural Reforms Economic Growth ARDL Model Turkish Economy
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862021000100059
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spelling	oai:scielo:S0718-528620210001000592021-10-27The Impact of Structural Reforms on Economic Growth in Turkey: Evidence from Linear and Nonlinear ARDL ModelingYalçinkaya,OmerDaştan,MuhammetKarabulut,Kerem Structural Reforms Economic Growth ARDL Model Turkish Economy Abstract: This paper investigates the relationship between structural reforms and economic growth in Turkey during the 1990-2019 period. Employing a novel database (the MONA database), it constructs structural reform indexes for the fiscal, financial, real, and trade sectors with two different approaches (z-score and min-max). The study uses both the linear ARDL and nonlinear ARDL (NARDL) models to provide additional robust evidence of the response of economic growth to structural reforms. The findings indicate that financial, fiscal, real, and total structural reforms have positive and statistically significant effects on economic growth in Turkey, although the growth potential of trade structural reforms seems not to have been realized.info:eu-repo/semantics/openAccessUniversidad de Chile. Departamento de EconomíaEstudios de economía v.48 n.1 20212021-06-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862021000100059en10.4067/S0718-52862021000100059
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Structural Reforms Economic Growth ARDL Model Turkish Economy
spellingShingle	Structural Reforms Economic Growth ARDL Model Turkish Economy Yalçinkaya,Omer Daştan,Muhammet Karabulut,Kerem The Impact of Structural Reforms on Economic Growth in Turkey: Evidence from Linear and Nonlinear ARDL Modeling
description	Abstract: This paper investigates the relationship between structural reforms and economic growth in Turkey during the 1990-2019 period. Employing a novel database (the MONA database), it constructs structural reform indexes for the fiscal, financial, real, and trade sectors with two different approaches (z-score and min-max). The study uses both the linear ARDL and nonlinear ARDL (NARDL) models to provide additional robust evidence of the response of economic growth to structural reforms. The findings indicate that financial, fiscal, real, and total structural reforms have positive and statistically significant effects on economic growth in Turkey, although the growth potential of trade structural reforms seems not to have been realized.
author	Yalçinkaya,Omer Daştan,Muhammet Karabulut,Kerem
author_facet	Yalçinkaya,Omer Daştan,Muhammet Karabulut,Kerem
author_sort	Yalçinkaya,Omer
title	The Impact of Structural Reforms on Economic Growth in Turkey: Evidence from Linear and Nonlinear ARDL Modeling
title_short	The Impact of Structural Reforms on Economic Growth in Turkey: Evidence from Linear and Nonlinear ARDL Modeling
title_full	The Impact of Structural Reforms on Economic Growth in Turkey: Evidence from Linear and Nonlinear ARDL Modeling
title_fullStr	The Impact of Structural Reforms on Economic Growth in Turkey: Evidence from Linear and Nonlinear ARDL Modeling
title_full_unstemmed	The Impact of Structural Reforms on Economic Growth in Turkey: Evidence from Linear and Nonlinear ARDL Modeling
title_sort	impact of structural reforms on economic growth in turkey: evidence from linear and nonlinear ardl modeling
publisher	Universidad de Chile. Departamento de Economía
publishDate	2021
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862021000100059
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_version_	1718324247025156096

The Impact of Structural Reforms on Economic Growth in Turkey: Evidence from Linear and Nonlinear ARDL Modeling

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