Wednesday, July 11, 2007

Macroeconomic Performances of Turkish Governments

"A Comparison of Macroeconomic Performances of Governments in Turkey, 1987-2007"
by Aykut Kibritçioğlu

Abstract:

In this paper, a macroeconomic performance index (MEP10) which consists of selected ten indicators is proposed to evaluate the relative performance of Turkish governments by using monthly data for the period of December 1987 – April 2007. According to the multi-staged evaluation process applied in the study, the governments are grouped in three classes:
(1) Relatively successful governments: 46. government (December 1987 – November 1989), 48. government (June 1991 – November 1991), 54. government (June 1996 – June 1997), and 59. government (March 2002 – April 2007),
(2) Relatively unsuccessful governments: 47. government (November 1989 – June 1991), 49. government (November 1991 – June 1993), 55. government (June 1997 – January 1999) and 53. government (March 1996 – June 1996), and
(3) Most unsuccessful governments: 50.-52. governments (June 1993 – March 1996) and 56.-57. governments (January 1999 – November 2002).The monthly performance index is also used to test some hypotheses regarding the relationship between the length of the governments’ term of office and their macroeconomic performances.


JEL Classification: E65 (Studies of Particular Policy Episodes), O53 (Economywide Country Studies: Asia including Middle East) ve C43

Key Words: Okun’s misery index, macroeconomic performance, macroeconomic stability, governments, political stability, general elections, economic crises, Turkish economy

Language: Turkish

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