Turkey - Country Economic Memorandum : Structural Reforms for Sustainable Growth, Volume 2. Statistical Annex

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dc.creatorWorld Bank
dc.date2013-08-12T15:23:54Z
dc.date2013-08-12T15:23:54Z
dc.date2000-09-15
dc.date.accessioned2026-07-01T01:19:54Z
dc.descriptionThis country economic memorandum shows that fiscal imbalances are key to understanding Turkey's inflation problem, and its volatile growth. Its findings suggest that the country's inability to sustain high growth can be closely linked, among many factors, to the lack of macroeconomic stability. Unsustainable fiscal policy, has put repeated pressure on its currency, and led to chronic, and high inflation. Thus, when facing crises, fiscal policy has been unable to withstand, or influence on the business cycle; instead contractionary policies have been implemented to achieve monetary stability, actually worsening the real impact of shocks. It is also suggested that previous attempts at stabilization, failed precisely because they did not address the structural sources of fiscal deficit. Following an analysis on Turkey's macroeconomic framework, the report reviews the reform agenda on the infrastructure, agriculture, and banking sectors, and the country's medium-term prospects, but emphasizes the influence of the policy environment on total factor productivity growth, as a key explanatory factor, recommending structural policies to generate at least a primary surplus of three percent of GNP, prioritize social security, and social assistance, and avoid unsustainable contingent liabilities, by deregulating energy and telecommunications sectors, and, pursue financial sector reform.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2000/09/692905/turkey-country-economic-memorandum-structural-reforms-sustainable-growth-vol-2-2-statistical-annex
dc.identifierhttps://hdl.handle.net/10986/14995
dc.identifierhttps://doi.org/10.1596/14995
dc.identifier.urihttp://hdl.handle.net/123456789/417121
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAGRICULTURE
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE SHEET
dc.subjectBANK SERVICE CHARGES
dc.subjectBORROWING
dc.subjectCAPITAL FORMATION
dc.subjectCENTRAL BANK
dc.subjectCONSUMER PRICE INDEX
dc.subjectCPI
dc.subjectCURRENT PRICES
dc.subjectDEBT
dc.subjectDEFLATORS
dc.subjectDEPOSIT INSURANCE
dc.subjectDISPOSABLE INCOME
dc.subjectDOMESTIC BORROWING
dc.subjectELECTRICITY
dc.subjectELECTRICITY GENERATION
dc.subjectEXCHANGE RATE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFISCAL YEAR
dc.subjectFISHERIES
dc.subjectFORESTRY
dc.subjectGDP
dc.subjectGNP
dc.subjectGOVERNMENT BONDS
dc.subjectGROSS NATIONAL PRODUCT
dc.subjectGROWTH RATE
dc.subjectINCOME
dc.subjectINSURANCE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL RESERVES
dc.subjectMARKET PRICES
dc.subjectMONETARY AGGREGATES
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRIVATIZATION
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SAVINGS
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR BORROWING
dc.subjectSAVINGS
dc.subjectSAVINGS RATIO
dc.subjectSTATE OWNED ENTERPRISES
dc.subjectSUSTAINABLE GROWTH
dc.subjectT-BILLS
dc.subjectTAX
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRANSPORT
dc.subjectTREASURY
dc.subjectVALUE ADDED
dc.subjectWHOLESALE PRICE INDEX
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO MACROECONOMIC STABILIZATION
dc.subjectECONOMIC GROWTH
dc.subjectPUBLIC SECTOR DEFICIT
dc.subjectFISCAL SUSTAINABILITY
dc.subjectECONOMIC RECOVERY
dc.subjectSOCIAL SECURITY
dc.subjectREFORM POLICY
dc.subjectSOCIAL ACTION PROGRAMS
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectRURAL DEVELOPMENT
dc.subjectAGRICULTURE SECTOR ADJUSTMENT
dc.subjectBANKING
dc.subjectFISCAL ADJUSTMENTS
dc.subjectMONETARY ANALYSIS
dc.subjectECONOMIC CRISIS
dc.subjectSTRUCTURAL ADJUSTMENT
dc.subjectPRODUCTIVITY GROWTH
dc.subjectCONTINGENCY PLANS
dc.subjectDEREGULATION
dc.subjectFINANCIAL SECTOR REFORM
dc.subjectINFLATIONARY PRESSURES
dc.titleTurkey - Country Economic Memorandum : Structural Reforms for Sustainable Growth, Volume 2. Statistical Annex

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