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Econ424Lecture8 - Selected Topics in Turkish Economy...

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Selected Topics in Turkish Economy Lecture Notes 8 Alper Duman May 6, 2009 Alper Duman Selected Topics in Turkish Economy Lecture Notes 8
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EU and FDI I EU integration process is regarded as the basic anchor for the economy. I The optimism has surrounded the political and economic agents; great expectations with regard to high levels FDI flows would foster high economic growth rates and technological advancement. I In reality, the biggest chunk of the FDI flows have concentrated on mergers and acquisitions in service or infrastructure. Alper Duman Selected Topics in Turkish Economy Lecture Notes 8
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WHAT HAS CHANGED after LIBERALIZATION? Table: Growth and Distribution after Liberalization 1970-1979 1980-2004 Growth of GNP (%) 4.8 4.0 Volatility of Growth 0.7 1.3 Investment/GNP (%) 22.9 22.1 Real Interest Rate of Lending -15.53 13.35 Interest Payments/Budget Exp. 2.79 19.83 Unemployment Rate 7.9 8.0 Manufacturing Industry Data Wage Share in Manufacturing (%) 30.71 20.11 Manufacturing Investment/Value Added 56.0 25.5 Exports / Value Added 7.70 47.7 Imports / Value Added 45.11 70.49 Alper Duman Selected Topics in Turkish Economy Lecture Notes 8
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