Abstract
Abstract
This study focused on Turkey, where reform programs have become pervasive since the 1990s, and the potential effects of reforms on growth and inequality were investigated. In the study, financial, fiscal, real, and trade sector reforms for Turkey were defined by IMF-MONA classifications, measured from the Official Gazette of the Presidency of the Republic of Turkey from 1990 to 2021, and their effects on growth and inequality were analyzed using the Augmented ARDL method. As a result of the study, it was determined that 102 reform proposals regarding the IMF-MONA classifications were implemented in Turkey during the review period. These reforms introduced significant regulations for the economic system's functioning in scope and content in the financial, fiscal, real, and trade sectors. In addition, it was determined that reforms in Turkey have varying effects on growth and inequality based on sector and that fiscal sector reforms stand for growth trade-offs. These findings indicate that reforms implemented in Turkey regarding IMF-MONA classifications support growth without increasing inequalities and can significantly enhance the inclusiveness and sustainability of growth.
JEL Classification Codes: C01, C13, F43, O11.
Publisher
Research Square Platform LLC
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