Quantifying International Openness in Turkey, 1965 - 1995

Muhittin KAPLAN, Alper ASLAN

Öz


The results of empirical studies on the 1980 Turkish economic reform programme frequently suggest that openness has a positive impact on growth in Turkey. However, the results of empirical literature on the relationship between openness and growth have always been under criticism for using openness variables, which are not objective measures of openness, involve measurement errors and do not capture all dimensions of openness. To overcome these criticisms, in this article, we introduce a composite openness proxy obtained using the principle component methodology that captures all dimensions of openness and provide an objective and more reliable measure of openness for Turkey.

Anahtar Kelimeler


Openness; Measuring Openness; Principle Component Method

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Doğuş Üniversitesi Dergisi'nin içeriği Creative Commons Atıf-Gayriticari 4.0 Uluslararası Lisansı ile lisanslanmıştır.
 

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Doğuş Üniversitesi Dergisi
Bahçelievler, Bosna Blv No: 140, 34680 Üsküdar/İstanbul
E-posta: journal@dogus.edu.tr