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OECD Economic Surveys: Turkey 2004
OECD Publishing , Publication date:  30 Nov 2004
Pages: 234 , Language: English
Version: E-book (PDF Format)
ISBN: 9789264006843 , OECD Code: 102004151E1
Price:   €35 | $49 | £31 | ¥4500 | MXN630
Availability: Available
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Other languages:  French (Available)
Superseded by: OECD Economic Surveys: Turkey 2014 - (Available)
Other Versions:  Print - Paperback
Subscription:  OECD Economic Surveys (Available)

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Frequency: Every 18 months   Tables: 22  Charts: 121  Electronic format: Acrobat PDF


This OECD review of 2004 of Turkey's economy examines its recent strong recovery and prospects for growth. It recommends policies designed to strengthen confidence with a view to extending the recovery. Separate chapters cover: improving the quality of public expenditure, establishing an open business environment, and aspects of sustainable development.

Table of contents:

Executive summary
Assessment and recommendations
1. Achieving strong and sustainable growth

-Turkey at a cross-roads
-Prospects for growth
-Policy challenges for achieving strong and sustainable growth
-Linkages between the challenges
2. Macroeconomic policies: strengthening confidence and reducing risk premia
-A post-crisis reform drive was launched
-The export-led recovery has been broadening
-The current account deficit has been widening
-The strong output growth has been relatively job-poor
-Stability and confidence are crucial for medium-term prospects
-The credibility of monetary policy has strengthened
-Debt sustainability depends on programme success
3. Improving the quality and cost-efficiency of public expenditure
-Pressures and shortfalls in public expenditures
-Shortcomings of traditional budget institutions
-Introduction of reforms to improve public spending efficiency
-Summary policy recommendations
4. Establishing an open and non-discriminatory business environment
-Growth of the registered domestic business sector
-Increasing foreign direct investment
-Formalising the unregistered/informal enterprises
-Downscaling the state-owned sector
-Upgrading agriculture
-Summary policy recommendations
5. Sustainable development
-Some aspects of sustainable development
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