| Sahiplik | Değer |
| İsim | TURKISH ECONOMY IN 2000 Supply and De |
| Açıklama | TURKISH ECONOMY IN 2000 Supply and Demand In the last two years, the Turkish economy has been affected by two major shocks: Namely, the Russian moratorium, and two earthquake disasters. The crisis in Russia precipitated capital outflows in late 1998, a considerable loss of export markets in the region, accompanied by a marked fall in domestic demand, and a sharp slowdown in the industrial sector. The earthquakes that devastated the industrial heartland of Turkey, adversely affected the economy faced with severe macroeconomic and structural policy shifts, and contributed to the further downturn in economic activity. As a result, the real GNP decreased by over 6 percent in 1999, compared with close to 4 percent growth in 1998. Following these shocks, Turkey embarked upon an ambitious disinflation policy and a structural adjustment program in the beginning of 2000, backed by the International Monetary Fund with a three-year stand-by agreement. The main purpose of the program was to bring the inflation rate down permanently, to remove long-standing macroeconomic imbalances, and to rationalize key structural reforms. Following the severe shrinkage in 1999, Turkey’s economy rebounded strongly in 2000. To some degree, the rebounding effect might be ascribed to a macroeconomic adjustment brought about the inception of the stabilization program, post-earthquake recovery, dissipation of uncertainties, improved confidence in forthcoming economic policies, anda marked decline in interest rates. Compared to a negative growth rate of 6.1 percent in 1999, GNP growth in 2000 attained an annual rate of 6.1 percent. The domestic demand has been the driving force behind this growth rate, benefiting from a sharp decline in real interest rates after the highly credible inception of the program. On the supply side of the economy, bearing in mind that the major driving force behind the economic performance over the years has been industry, the value added growth rate in ... |
| Dosya Adı | Bağlantı www.edubilim.com_ekonomi1-14-7.doc |
| Dosya Boyutu | Link |
| Dosya Tipi | doc (Mime Tipi: link) |
| Ekleyen | admin |
| Ekleme tarihi: | 15.10.2008 16:13 |
| İnceleyenler | Herkes |
| Kontrol Eden | Editor |
| İndirme sayısı | 5 İndirme sayısı |
| En son güncelleme | 14.10.2008 16:14 |
| Anasayfa | http://www.edubilim.com |
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