In the aftermath of the global financial crisis, growth rates declined in the world economies, especially in developed countries, and the course of global growth has settled on a lower path. During the same period, the Turkish economy has performed relatively strong growth and has been ahead of similar countries in the context of its growth performance. However, more structural reforms covering the entire ecosystem are needed to enter the path of sustainable growth in Turkey. By using two different methodologies, namely the OECD-Going for Growth and World Economic Forums Global Competitiveness Index methodologies, we aim to explore the main reform gaps of Turkey and make policy recommendations for the policymakers. The results show that, relative to high performing comparators, Turkeys structural reform gaps are greatest in labor market, technological readiness and research and development innovation. Weak or poor implementation of policies in these areas impact negatively on productivity, and hence economic growth.
Key words: Structural reforms, Reform gaps, Turkey. JEL Codes: E60, H10, 011, O47. Article Language: EnglishTurkish
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