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The purpose of this paper is to examine the sensitivity of the Turkish  economy’s natural rate of growth to the actual rate of growth, covering the  period 1980-2008. To determine the reason why the natural rate of growth is  endogenous, the long-run and the causality relationships between real gross  domestic product and each of the production factors (labour force and  physical capital stock) are investigated with the bounds test. The natural  rate of growth for the Turkish economy is found to be at 4.97 percent and  the actual rate of growth in boom periods is approximately 35.6 percent;  indicating endogeneity. However, according to the causality test results,  the endogeneity of the natural rate of growth may be attributed to the total  factor productivity rather than the labour force and physical capital stock.  This result is important and the debate on this subject may lead to further  studies

The endogeneity of the natural rate of growth: An application to Turkey