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.
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.
Capacity utilization rate shows the extent to which a country is able to mobilize its productive potential.
In this entry, we compare Turkey’s post-2005 performance in current account balance with three other comparable developing or “emerging” economies: Mexico, Indonesia, and Nigeria.
Tax revenues constitute a significant share of budget revenues.