International Conference on Eurasian Economies
11-13 June 2019 – Famagusta, Turkish Republic of Northern Cyprus
Paper properties
Paper ID : 2350
Status : Paper published
Language : English
Topic : Macroeconomics
Presenter: Prof. Dr. Mustafa Besim
Session : 5A Productivity
The Impact of External Instability and Socio-economic Infrastructure on the Productivity Dynamics of North Cyprus
The Impact of External Instability and Socio-economic Infrastructure on the Productivity Dynamics of North Cyprus
- Prof. Dr. Mustafa İsmihan (Eastern Mediterranean University, TR of Northern Cyprus)
- Prof. Dr. Mustafa Besim (Eastern Mediterranean University, TR of Northern Cyprus)
- Assoc. Prof. Dr. Kamil Sertoğlu (Eastern Mediterranean University, TR of Northern Cyprus)
Abstract
This study aims to explore the long-term productivity dynamics of the economy of the Turkish Republic of Northern Cyprus by using a simple Autoregressive Distributed Lag (ARDL) Model. More specifically, we aim to analyze the impact of macroeconomic instability and socio-economic infrastructure on total factor productivity over the 1977-2017 period. Additionally, this study develops a socio-economic infrastructure index by combining information from communication, energy, education and health indicators. The main result of this paper is that while total factor productivity is positively and significantly affected by the improvements in socio-economic infrastructure it is negatively affected from the external macroeconomic instability.
JEL codes: E23, C22
İsmihan, Mustafa, Besim, Mustafa, Sertoğlu, Kamil (2019). "The Impact of External Instability and Socio-economic Infrastructure on the Productivity Dynamics of North Cyprus" in Proceedings of International Conference of Eurasian Economies 2019, pp.131-133, Famagusta, Turkish Republic of Northern Cyprus.
DOI: https://doi.org/10.36880/C11.02350
