Does Solow Residual Reflect Deep Political Economy Dynamics in Developing Countries?

  • Mustafa Ismihan
  • Published 2013


Developing countries have shown distinct patterns of growth and productivity rates that usually lack persistence. In Turkey, for example, endemic instability and recurrent crises and associated low and volatile productivity and growth rates have been the dominant macroeconomic themes since its transition to the multi-party democracy in 1950. This paper… (More)


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