Turkey has weathered several economic shocks since the Global Financial Crisis in 2008. At the same time, short-term policies without long-term structural reforms have diminished the sustainability of growth.
This study examines the impact of structural reforms on productivity in Turkey and their implications for policy and institutional reform.
Key Messages:
Sustaining growth and improvements in living standards in Turkey will require higher productivity in the economy.
A necessary precondition for productivity growth is macroeconomic stability.
Longer-term productivity measures include structural reforms to deepen supply side capacity.
