Geçiş Sürecindeki Türk Cumhuriyetlerinde Ekonomik Büyüme ve İhracat İlişkileri

Abstract

After the collapse of the Eastern Bloc in 1991 the newly independent Turkic republics have experienced a transition recession that is relatively more severe and longer as compared to the case of the Central and Eastern transition economies. The lack of political and socio-economic institutional infrastructure needed for transition is argued as the key factor of this process. The efforts of these countries to integrate with the world markets by force of economic liberalization, the term which is used as the synonym of the transition, constitute the pivot. In the process of liberalizing the commodity markets exports and imports take the most important place. With the process of transition, in the Turkic republics, the production linkages, in other words input interdependencies, which had been formed during Soviet era, broke out and hence production bottlenecks and hyperinflations occurred. While negative supply shocks are expected to overcome in the years 2000s, it is also expected that exports and economic growth relationships as the result of market economy and trade liberalization barely arise. This study concerns the exports and economic growth relationships which forms a trivet of liberalization applications in the Turkic republics. Nevertheless, there is a vest literature that suggests that for exports and outward-orientation to effectively affect economic growth a country should attain a minimum level of development. In this context, the relationships between exports and economic growth in the Turkic republics will be investigated using panel data and causality tests.