OECD economic surveys Turkey, 2012.
OECD's 2012 survey of Turkey's economy examines recent economic developments, policies, and prospects and takes a more detailed look at real exchange rates and competitiveness and structural reforms and growth.
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
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[Place of publication not identified] :
OECD
[2012]
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| Colección: | OECD Economic surveys (Series)
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| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009705387906719 |
Tabla de Contenidos:
- Table of contents; Executive summary; Key policy recommendations; Assessment and recommendations; Turkey's vigorous post-crisis recovery has drawn heavily on foreign saving; Figure 1. Turkey's performance has been strong, but imbalances have emerged; Figure 2. Strong employment performance; Figure 3. Private demand has been fuelled by credit; Figure 4. External competitiveness affected performance; The macroeconomic outlook appears relatively favourable, with risks on both sides; Table 1. Short-term economic outlook; Putting growth on a more balanced path
- Figure 5. Public and private saving and investmentMonetary policy; Figure 6. Inflation since 2001; Figure 7. Inflation and monetary policy; Box 1. Monetary policy recommendations; Fiscal policy; Figure 8. Fiscal performance remains robust; Box 2. Fiscal policy recommendations; Financial sector policies; Figure 9. Capital adequacy is high but EMBI spreads have increased; Box 3. Financial policy recommendations; Future growth performance will be shaped by structural policy choices; Table 2. Long-term growth scenarios; Reforming labour markets and advancing formalisation
- Figure 10. The structure of employment is still weakFigure 11. Labour productivity and degree of formalisation in selected sectors; Box 4. Labour market and formalisation recommendations; Strengthening human capital; Box 5. Recommendations on human capital development; Social cohesion policies; Figure 12. Income distribution has improved but challenges remain; Box 6. Social policy recommendations; Furthering product market reforms; Figure 13. Electricity prices in industry remain high; Box 7. Recommendations on product market competition
- Quality of life: the case of air pollutants and greenhouse gas emissionsFigure 14. Greenhouse gas emissions are low but have strongly increased despite high implicit carbon prices; Box 8. Recommendations on greenhouse gas emissions and air quality; Bibliography; Annex A1.Past OECD recommendations on Turkey's structural reform priorities and related national actions and plans; Chapter 1.Tackling external and domestic macroeconomic imbalances; Bringing down the current account deficit and financing it better; Figure 1.1. Turkey's current account deficit has reached unprecedented levels
- Box 1.1. Current account imbalances: international experience and theoretical considerationsKey features of Turkey's current account developments; Figure 1.2. Current account developments; Accumulated competitiveness losses led to a marked worsening of the trade balance; Figure 1.3. Trade developments; Figure 1.4. Sectoral export margins; Private domestic saving needs to be strengthened; Figure 1.5. Drivers of the saving-investment gap; Box 1.2. Investment incentives; The financing structure of the current account weakened after the crisis
- Figure 1.6. The financing of the current account has worsened after the crisis
