Different sections in a society experience unemployment in different ways. For instance, as discussed before, labor force participation and unemployment rates for women and men differ significantly in Turkey.
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Youth and Women Unemployment Rates from a Comparative Perspective
Unemployment Rate
Economists interpret the ups and downs of the unemployment rate of an economy not only in relation to the economic growth performance of that country but also as an important determinant of the balance of class power within that country.
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GDP per Capita from a Comparative Perspective
In this entry, we compare Turkey’s post-2005 growth performance with three other developing or “emerging” economies: Mexico, Indonesia, and Nigeria.
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Unemployment and GDP Growth Rates
The growth rate of Gross Domestic Product (GDP) is the most frequently referred to indicator of the economic growth of an economy. As we have discussed elsewhere, GDP gives us the aggregated monetary value of all the final goods and services produced within the borders of that county in a given year. Accordingly, GDP growth rate is an indicator of the rate at which the total output that a country produces grows.
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What Gross Domestic Product Fails to Tell Us
We have already discussed the trend of GDP in Turkey in various different entries. Many economists refer to GDP (total annual output produced within a country) as an important indicator of economic progress. But is it really?
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Gross Domestic Product (2002-2014)
As we have discussed in an another entry, Gross Domestic Product is the name economists give to the aggregated market value of all the final goods and services a country produces within its borders within a calendar year. Economists also differentiate between nominal and real GDP. While nominal GDP presents the aggregate monetary value of all the final goods and services produced in a country in a given year using the current prices of those commodities in that year, real GDP is calculated by using the prices of an index year (in this case, 2010) and generally used to compare the performance of an economy across different years (all indexed to the same year).
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Gross Domestic Product Per Capita (1998-2014)
As we have discussed in an another entry, Gross Domestic Product is the name economists give to the aggregated market value of all the final goods and services a country produces within its borders within a calendar year. Economists also differentiate between nominal and real GDP. While nominal GDP presents the aggregate monetary value of all the final goods and services produced in a country in a given year using the current prices of those commodities in that year, real GDP is calculated by using the prices of an index year (in this case, 1998) and generally used to compare the performance of an economy across different years (all indexed to the same year).
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Gross Domestic Product Growth Rate from a Historical Perspective
One economic term that recurrently pops up in the media is Gross Domestic Product (GDP). What, then, is GDP? And what can we say about the economic performance of Turkey looking at the growth rate of her GDP?
Gross Domestic Product is the name economists give to the aggregated monetary value of all the final goods and services a country produces within its borders within a calendar year. Economists also differentiate between nominal and real GDP.
Development and Human Development Index
In daily language, in newspapers and in blogs, and even in academic writing, there is a tendency to equate “development” with “economic growth”.
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Gini Coefficient and Income Distribution
Earlier, in studying the aspects of income distribution, we have looked at income distribution across deciles and the difference between average and median household income. But one of the most frequently referred to incidators of income distribution is the Gini coefficient.
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Average and Median Income
There are many ways to gauge income inequality in a country. If one way is to divide the population into percentiles according to their income, another is to follow statistics such as Gini coefficient.
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Income Distribution in Turkey
Occupy Movement that emerged in the US in 2011 created a significant debate.
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Employment in the Construction Sector
An important driver of Turkey’s recent economic growth is the growth in construction sector.
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Rate of Capacity Utilization from a Comparative Perspective
Capacity utilization rate shows the extent to which a country is able to mobilize its productive potential.
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Tax Revenues from a Historical Perspective
Starting with late 1990s, the composition of tax revenues of Turkey has transformed significantly, beginning to rely increasingly on indirect taxes.
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