Pamuk2007 - THE AMERICAN UNIVERSITY OF PARIS 6, rue du...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
THE AMERICAN UNIVERSITY OF PARIS 6, rue du Colonel Combes 75007 Paris, France Fax: (33. 1) 47.53.81.33. aferrer@aup.edu www.aup.edu Working Paper No. 41 Economic Change in Twentieth Century Turkey: Is the Glass More than Half Full? Ş evket PAMUK Bo ğ aziçi University, Istanbul Presented by Ş evket PAMUK at the American University of Paris Monday the 22nd of January 2007 The Working Paper Series at The American University of Paris is published and sponsored by the Trustee Fund for the Advancement of Scholarship (TFAS)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 The AUP Visiting Scholar Working Paper Series scholarly workshops in various fields of the social sciences — provides a meeting ground whereby the AUP Community, local scholars, intellectuals, and business and government organizations, can convene with visiting international scholars. The intent is to stimulate debate over critical, intellectually-demanding issues. Sevket PAMUK_____________________________________________________________________________ Bogaziçi University The Ataturk Institute for Modern Turkish History and Department of Economics 34342 Bebek-Istanbul Turkey Tel. Office:+90-212-359 65 80 / 359 76 06 Fax: +90-212-265 80 03 pamuk@boun.edu.tr
Background image of page 2
3 Abstract The paper begins with an overview of Turkey’s economic growth record since the nineteenth century in both absolute and comparative terms. Turkey’s GDP per capita increased about 10 times since 1820 and about eight times since 1880. In relative terms, the gap in per capita GDP between Turkey and the developed economies widened considerably during the nineteenth century. This gap has stayed roughly unchanged since World War I. In other words, after the big divergence until World War I, Turkey failed to converge during the last century. On the other hand, per capita GDP in Turkey increased faster than the developing country averages from the nineteenth century until the 1970s. Due to the strong performances of China and India, however, it has been lagging behind the developing country averages in recent decades. In trying to explain this growth performance, I examine critically long term structural change, industrialization, economic policy and institutional change. I identify low levels of investment in education, macroeconomic instability and the low quality of institutions as the key reasons for Turkey’s failure to close the gap with the developed countries since 1913 or 1950.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4 Introduction One metaphor for assessing Turkey’s economic performance in the twentieth century may be to ask whether the glass is half full or half empty. On the one hand, Turkey has experienced far- reaching economic changes since the early 1920s. The primarily rural and agricultural economy of the early twentieth century has transformed into a mostly urban economy. Average or per capita incomes have increased more than five fold during this period. Other indicators of standards of living have also improved significantly. Life expectancy at birth has almost doubled from under 35 years in the interwar era to 69 years. Adult literacy rates have increased from
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 44

Pamuk2007 - THE AMERICAN UNIVERSITY OF PARIS 6, rue du...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online