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Document Type

Open Access Dissertation

Degree Name

Doctor of Philosophy (PhD)

Degree Program

Economics

Year Degree Awarded

2018

Month Degree Awarded

September

First Advisor

David Kotz

Second Advisor

James Heintz

Third Advisor

Dan Clawson

Subject Categories

Econometrics | Macroeconomics | Political Economy

Abstract

This dissertation analyzes capitalism in Turkey during post-1963 period from social structure of accumulation (SSA) theory perspective. The SSA theory is a theory of interaction of institutions and capital accumulation over long run. This dissertation will be the first book length study on Turkey using SSA Theory approach. It will enrich the SSA literature by adding a case of Turkey, which is a developing country; and hence it will be another example that SSA framework can be extended outside of US.

I observe two different SSAs during the period of interest. The first one is Import Substitution Industrialization (ISI) SSA from 1963 to 1980, which I named after dominant economic policy of the era. Turkey had experienced a military coup d’état in 1960, and a new constitution had been established in 1961, which had shaped most of the political and economic institutions, as well as the ideology, of the time. Related with these, the first five-year development plan, which was effective by the very first day of 1963, changed Turkish economy significantly. Chapter 3 presents features of ISI SSA, along with factors that played role in construction, working, and demise of ISI SSA.

The second SSA is Neoliberal (NL) SSA from 1980 to 2015. There was a military coup d’état that took place in September 1980, which had dramatic effects on the institutional environment in Turkey. More importantly, in January of the same year, a new set of neoliberal economic policies was put in effect that brought some important changes to Turkish economy. Chapter 4 analyzes features of NL SSA. There are two important phenomena during NL SSA period that deserves in depth analysis: Islamization and highly volatile growth during 1990s. Islamization has been an important part of the ideology of NL SSA in Turkey. Chapter 5 discusses effects of Islamization on both labor-capital and within capital class struggles. Then Chapter 6 presents an econometric model that provides evidence for positive relationship between private investment growth volatility and political instability. This chapter argues that political instability, due to rapidly changing governments, can be one of the reasons of high volatility in gross domestic product growth rate during NL SSA period.

Available for download on Sunday, September 01, 2019

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