Turkey : Recent Economic Developments and Selected Issues

Recent Economic Developments and Selected Issues

Turkey : Recent Economic Developments and Selected Issues
This paper reviews economic developments in Turkey during 1994–97. Real wages increased rapidly during 1989–93, dropped sharply in 1994–95, and have since recovered modestly. Real wage flexibility stems in part from the absence of widespread wage indexation, despite chronic high inflation. Rapid gross national product (GNP) growth, averaging 7.7... READ MORE...

Publication date: October 1998
ISBN 9781451838008
$15.00

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