ECONOMETRIC MODEL OF THE DEVELOPING ECONOMY (THE EXAMPLE OF TURKEY)

PII
S042473880000616-6-1
DOI
10.31857/S0000616-6-1
Publication type
Article
Status
Published
Authors
Volume/ Edition
Volume 47 / Issue 2
Pages
73-83
Abstract

The article is devoted to working out of the new methodological approach consisting in construction of two-system econometric model of developing economies, covering the periods of planned economy and transit to market economic mechanisms. As a result of the analysis both methodological and practical recommendations on modeling national economies and inter-country comparisons are offered. It is shown, that the new two-system approach to modeling of a developing economy during its transition from the planned economy to the market one can be used to work out recommendations on economic regulation of two countries with similar economic development – Russia and Turkey.

Keywords
Turkey, econometric models, developing economies, double system approach, mixed economy, market economy, transition period
Date of publication
01.04.2011
Number of purchasers
1
Views
1080

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