Artigo Acesso aberto Revisado por pares

GROWTH‐ORIENTED ADJUSTMENT TO EXTERNAL SHOCKS: AN APPLICATION TO TURKEY

1991; Wiley; Volume: 29; Issue: 1 Linguagem: Inglês

10.1111/j.1746-1049.1991.tb00200.x

ISSN

1746-1049

Autores

Erinç Yeldan,

Tópico(s)

Monetary Policy and Economic Impact

Resumo

The Developing EconomiesVolume 29, Issue 1 p. 54-74 Free Access GROWTH-ORIENTED ADJUSTMENT TO EXTERNAL SHOCKS: AN APPLICATION TO TURKEY A. Erinç YELDAN, A. Erinç YELDANSearch for more papers by this author A. Erinç YELDAN, A. Erinç YELDANSearch for more papers by this author First published: March 1991 https://doi.org/10.1111/j.1746-1049.1991.tb00200.x An earlier version of this paper was presented at the 27th Annual Conference of the Applied Econometrics Association, 27–29 September 1989, Montreal, Canada. I would like to acknowledge my indebtedness to Irma Adelman for her inspiration and most valuable advice. I am also grateful to Mieko Nishimizu, Osman Zaim, and Erol Cakmak, and the participants of the seminars at Bilkent, METU, and Minnesota for their valuable suggestions and comments. I am alone responsible, however, for all the remaining errors of the paper. AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat REFERENCES 1 Adelman, I., and Robinson, S. Income Distribution in Developing Countries ( Stanford : Stanford University Press, 1987). 2 Adelman, I., and Sarris, A. Incorporating Uncertainty into Planning of Industrialization Strategies for Developing Countries,” World Bank Staff Working Paper No. 503 ( Washington , D.C. : World Bank, 1982). 3 Adelman, I. Beyond Export-led Growth,” World Development, Vol. 12, No. 9 (September 1984). 4 Adelman, I.; Yeldan, E.; Sarris, A.; and Roland-Holst, D. Optimal Adjustment to Trade Shocks under Alternative Development Strategies,” Journal of Policy Modeling, Vol. 11, No. 4 (Winter 1989). 5 Balassa, B. Adjustment to External Shocks in Developing Economies,” World Bank Staff Working Paper No. 472 ( Washington , D.C. : World Bank, 1981). 6 Boratav, K. Iktisat Politikas1 Alternatifleri Üzerine Bir Deneme” [An essay on economic policy alternatives], in Krizin Gelisimi ve Türkiye'nin Alternatif Sorunu [The growing crisis and the problem of alternatives for Turkey], ed. K. Boratav, C. Keyder, and S. Pamuk ( Ankara : Kaynak, 1984). 7 Celasun, M. A General Equilibrium Model of the Turkish Economy, SIMLOG-1,” METU Studies in Development, Vol. 13, No. 1/2 (1986). 8 W. Cline, and S. Weintraub, eds. Economic Stabilization in Developing Countries ( Washington , D.C. : Brookings Institution, 1981). 9 V. Corbo; M. Goldstein; and M. Khan, eds. Growth-oriented Adjustment Programs ( Washington , D.C. : IMF and World Bank, 1987). 10 Conway, P. The Impact of Recent Trade Liberalization Policies in Turkey,” in Liberalization and the Turkish Economy, ed. T. F. Nas and M. Odekon ( New York : Greenwood Press, 1988). 11 de Janvry, A. The Search for Styles of Development: Lessons from Latin America and Implications for India,” Working Paper No. 357 (Department of Agricultural and Resource Economics, University of California, Berkeley, 1984). 12 de Melo, J., and Robinson, S. The Treatment of Foreign Trade in Computable General Equilibrium Models of Small Economies,” Development Research Department, Report No. DRD189 ( Washington , D.C. : World Bank, 1986). 13 Dervis, K., and Robinson, S. The Foreign Exchange Gap, Growth and Industrial Strategy in Turkey, 1973–1983,” World Bank Staff Working Paper No. 306 ( Washington , D.C. : World Bank, 1978). 14 Dervis, K.; de Melo, J.; and Robinson, S. General Equilibrium Models for Development Policy ( Cambridge : Cambridge University Press, 1982). 15 Diaz-Alejandro, C. Good-bye Financial Repression, Hello Financial Crash,” Journal of Development Economics, Vol. 19, No. 1/2 (SeptemberOctober 1985). 16 Dornbusch, R. Stabilization Policy in LDCs: What Lessons Have We Learned World Development, Vol. 10, No. 9 (September 1982). 17 Foxley, A. Stabilization Policies and Their Effects on Employment and Income Distribution: A Latin American Perspective,” Economic Stabilization in Developing Countries, ed. W. Cline and S. Weintraub ( Washington , D.C. : Brookings Institution, 1981). 18 Helleiner, G. Balance-of-Payments Experience and Growth Prospects of Developing Countries: A Synthesis,” World Development, Vol. 14, No. 8 (August 1984). 19 Kepenek, Y. Gelişimi, Üretim Yapisi ve Sorunlarȳla Türkiye Ekonomisi [The Turkish economy: its development, production structure, and problems] ( Ankara : Savaş, 1984). 20 Khan, M., and Knight, M. Some Theoretical and Empirical Issues Relating to Economic Stabilization in Developing Countries,” World Development, Vol. 10, No. 9 (September 1982). 21 Khan, M., and Montiel, P. Growth-oriented Adjustment Programs,” IMF Staff Papers, Vol. 36, No. 2 (June 1989). 22 Krugman, P., and Taylor, L. Contractionary Effects of Devaluation,” Journal of International Economics, Vol. 8, No. 3 (August 1978). 23 Lewis, J. Coping with Adjustment: Turkey 1973–1981,” Development Discussion Paper No. 233 ( Cambridge , Mass. : Harvard University, 1986). 24 Lewis, J., and Urata, S. Turkey: Recent Economic Performance and Medium Term Prospects, 1978–1990,” World Bank Staff Working Paper No. 602 ( Washington , D.C. : World Bank, 1983). 25 Lizondo, S., and Montiel, P. Contractionary Devaluation in Developing Countries: An Analytical Review,” IMF Staff Papers, Vol. 36, No. 1 (March 1989). 26 Mathieson, D. Financial Reform and Stabilization Policy in a Developing Economy,” Journal of Development Economics, Vol. 7, No. 3 (September 1980). 27 Mellor, J. The New Economics of Growth: A Strategy for India and the Developing World ( Ithaca , N.Y. : Cornell University Press, 1976). 28 Milanovic̄, B. Export Incentives and Turkish Manufactured Exports, 1980–1984,” World Bank Staff Working Paper No. 768 ( Washington , D.C. : World Bank, 1986). 29 Porter, R., and Ranney, S. An Eclectic Model of Recent LDC Macroeconomic Policy Analyses,” World Development, Vol. 10, No. 9 (September 1982). 30 Sargent, T. Dynamic Macroeconomic Theory ( Cambridge , Mass. : Harvard University Press, 1987). 31 ŞEnses, F. An Assessment of Turkey's Liberalization Attempts since 1980 against the Background of Her Stabilization Programme,” METU Studies in Development, Vol. 10, No. 3 (1983). 32 ŞEnses, F. An Overview of Recent Turkish Experience with Economic Stabilization and Liberalization,” in Liberalization and the Turkish Economy, ed. T. F. Nas and M. Odekon ( New York : Greenwood Press, 1988). 33 ŞEnses, F. Alternative Trade and Industrialization Strategies and Employment in the Turkish Manufacturing Sector,” ERC Discussion Paper No. 1 (Middle East Technical University, 1990). 34 Türel, O. Seksenbeşe Doğru” [Toward 1985], in IMF İstikrar Politikalari ve Türkiye [IMF stabilization policy and Turkey], ed. C. Erdost ( Ankara : Savaş, 1982). 35 Türel, O. 1980'li Yillar Türkiye'sinde Büyüme ve İktisadi Konjonktür Üzerine Bir Sentez Denemesi” [A synthesis essay on growth and the economic crisis affecting Turkey in the eighties], in Sadun Aren'e Armagan [To the memory of Sadun Aren], ed. T. Bulutay ( Ankara : Mülkiyeliler Birliği Yaymlari, 1989). 36 Turkey, State Institute of Statistics. Monthly Statistics ( Ankara ). 37 Turkey, State Planning Organization. Annual Program ( Ankara ). 38 Turkey, State Planning Organization. Fourth Five-Year Development Plan, 1979–1983 ( Ankara , 1978). 39 Turkey, State Planning Organization. Fifth Five-Year Development Plan, 1985–1989 ( Ankara , 1985). 40 Van Wijnbergen, S. Exchange Rate Management and Stabilization Policies in Developing Countries,” Journal of Development Economics, Vol. 23, No. 2 (October 1986). 41 World Bank. Turkey: Industrialization and Trade Strategy ( Washington , D.C. , 1982). 42 Yaǧci, F. Protection and Incentives in Turkish Manufacturing: An Evaluation of Policies and Their Impact in 1981,” World Bank Staff Working Paper No. 660 ( Washington , D.C. : World Bank, 1984). 43 Yeldan, E. Structural Adjustment and Trade in Turkey: A General Equilibrium Analysis of the Export-led versus Domestic Demand-led Strategies of Development,” Economic Development Center Bulletin No. 87–7 (University of Minnesota, 1987). 44 Yeldan, E. Structural Adjustment and Trade in Turkey: Investigating the Alternatives ‘Beyond Export-led Growth’,” Journal of Policy Modeling, Vol. 11, No. 2 (Summer 1989). Volume29, Issue1March 1991Pages 54-74 ReferencesRelatedInformation

Referência(s)
Altmetric
PlumX