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Modelling Local and Regional Economic Development in T urkey: A “Curate's Egg”
Author(s) -
Ersoy Aksel,
Taylor Michael
Publication year - 2012
Publication title -
growth and change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.657
H-Index - 55
eISSN - 1468-2257
pISSN - 0017-4815
DOI - 10.1111/j.1468-2257.2012.00600.x
Subject(s) - unemployment , turkish , economics , context (archaeology) , economic geography , inequality , econometric model , turkish economy , economy , econometrics , economic growth , geography , mathematical analysis , linguistics , philosophy , mathematics , archaeology
This paper explores and unpacks the nature of the processes shaping regional economic growth in T urkey using an econometric modelling strategy. Existing empirical research in this field has focussed on regions in economically advanced and technologically innovative economies. As a consequence, the broader picture of the dynamics of regional development in less developed countries, particularly its social and political origins and the overall changes in regional inequality, has remained elusive and less clear. In this study, a set of econometric models is developed to explore the validity of a range of theoretical propositions in explaining the trajectories of regional economic change in T urkey between 2004 and 2008. Growth is calibrated in terms of employment and changing rates of unemployment in the chosen time period in the 81 provinces of T urkey. The results of the study explain that implications of the current local and regional economic development theories are a “Curate's Egg”—good in parts—because these theories are only partially relevant in the Turkish context.