OECD economic surveys : Turkey, 2012.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Series:

OECD Economic surveys (Series) 0376-6438

OECD Economic Surveys

Language:

English

Subjects (All):

Turkey--Economic conditions--21st century.

Turkey.

Turkey--Economic policy.

Physical Description:

1 online resource (110 p.)

Other Title:

Organization for Economic Cooperation & Development economic surveys

Place of Publication:

[Place of publication not identified] : OECD, [2012]

Language Note:

English

Summary:

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.

Contents:

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

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

92-64-12797-6

OCLC:

811504238