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.
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.
In this entry, we compare Turkey’s post-2005 growth performance with three other developing or “emerging” economies: Mexico, Indonesia, and Nigeria.
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 […]
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 […]
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 […]
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 […]
In daily language, in newspapers and in blogs, and even in academic writing, there is a tendency to equate “development” with “economic growth”.
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.
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.
Occupy Movement that emerged in the US in 2011 created a significant debate.
An important driver of Turkey’s recent economic growth is the growth in construction sector.
Capacity utilization rate shows the extent to which a country is able to mobilize its productive potential.
Starting with late 1990s, the composition of tax revenues of Turkey has transformed significantly, beginning to rely increasingly on indirect taxes.
“Output gap” is one of the indicators used to gauge to what extent a country is able to mobilize its productive potential.