Blog Archives

Guest Post: Diagnostics of Turkey’s Exports at Firm-Level

  • Posted by admin
  • Posted on January 15, 2015
  • Competetiveness
  • Comments Off on Guest Post: Diagnostics of Turkey’s Exports at Firm-Level

Along with several other ambitious economic targets, Turkey set a 500 billion USD exports target for the year 2023, the 100th anniversary of the modern Turkish Republic. In policy documents prepared to this end, number of exporters and export destinations are often cited as main dimensions to focus on[1]. However, a cross country comparison reveals […]

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Leverage Points in Turkish Economy

  • Posted by Pelin Dilek
  • Posted on December 2, 2014
  • Sustainable Development
  • Comments Off on Leverage Points in Turkish Economy

Last week as I was preparing a speech on Turkish economy, I was reviewing the facts for ‘Turkish macroeconomic story’.  Suddenly I realized that I was putting way too much effort into making my version of the story flow.  With the conventional way of looking into Turkey’s investment case, I should have listed the risks […]

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Data Turkey: Institutional Quality

  • Posted by Pelin Dilek
  • Posted on September 22, 2014
  • Data&Charts
  • Comments Off on Data Turkey: Institutional Quality

Does Institutional Quality Support Further Income Increase in Turkey? Institutions are often regarded as one of the ingredients of competitiveness and/or growth rate in economic development.  The discussion on the role of institutions in ‘the origins of power, prosperity and poverty’ got popular attention through Daron Acemoglu and James Robinson’s book, ‘Why Nations Fail’.  The […]

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How ‘Sustainable’ Are Turkey’s Ratings?

  • Posted by Pelin Dilek
  • Posted on April 10, 2014
  • Macro Topics
  • Comments Off on How ‘Sustainable’ Are Turkey’s Ratings?

It has been almost a year since Turkey got an upgrade from a rating agency; but the last one-year has been also the most volatile period of the financial markets in Turkey since Lehman crisis.  Gezi protests, the last few months domestic political events as well as the  FED’s tapering have exerted pressure on the […]

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What IMF Forecasts Tell Us: More of the Same

In an article dated January 24 in LongViewTurkey (http://longviewturkey.com/turkeys-monetary-policy-from-a-comparative-macroeconomic-data-perspective/) looking  data of 10 emerging economies between 2011-2013, we had arrived at comparative facts regarding Turkey.  Between 2011-2013, Turkey had The worst investment growth performance Mediocre consumption growth performance Outlier performance in ratio of consumption to investment Inflation that remains above EM average Policy rates that […]

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Turkey’s Monetary Policy from a Comparative Macroeconomic Data Perspective

Usually, in LongViewTurkey we tend to avoid writing on regular data releases unless they have a long-lasting impact on the economy. MPC decisions by the Central Bank of Turkey is also something that we do not write on a regular basis, because we have been observing that lately discussing CBT’s policies has diminishing returns: Harder […]

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DataTurkey: Sustainability

  • Posted by Pelin Dilek
  • Posted on November 13, 2013
  • Data&Charts
  • Comments Off on DataTurkey: Sustainability

Sustainable Competitiveness* Under the DataTurkey series in LongViewTurkey, we have been posting comparative data of 14 emerging economies (and one developed).  The aim was to focus on long-term development issues of Turkey that the financial markets tend to overlook, in line with the mission statement of the platform.  In addition to governance and gender gap […]

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Turkey Forecast Revision – October 2013

  • Posted by Pelin Dilek
  • Posted on October 3, 2013
  • Data&Charts
  • Comments Off on Turkey Forecast Revision – October 2013

Revisions: * Despite the financial market volatility in 3q13, we are keeping 2013 GDP forecast at 4.1% as private consumption is rebounding faster than expected; but due to QE tapering, 2014 growth forecast is revised downwards… * TL forecasts are revised downwards both for 2013 and 2014 * Due to TL weakness in 3q13, we […]

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Turkey Investment Case: How to Keep it Intact?

  • Posted by Pelin Dilek
  • Posted on September 13, 2013
  • Macro Topics
  • Comments Off on Turkey Investment Case: How to Keep it Intact?

Soon after the collapse of the Lehman Brothers in September 2008, the first reaction that the emerging markets got was not pretty.  Even though crisis originated in the US markets, rest of the world including emerging markets was largely hit.  Yet, despite all the volatility in 2008 and 1H2009, what the markets call the decoupling […]

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Economic Snapshot of Turkey

This article, written in April 2013, was published originally in “Turkey Real Estate 2013” in July 2013… http://turkey-re.com/wp-content/uploads/flipbooks/TRE2013/files/mobile/index.html#22 When I was writing for Turkey Real Estate last year, one of the questions that were discussed in my article was whether it was time for re-balancing in Turkey. 2012 indeed turned out to be a year […]

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