Testing the Goodwin Growth Cycles with Econophysics Approach in 2002-2019 Period in Turkey
Abstract
The Turkish economy between 2002-2019 period has been investigated within the econophysical approach. From the individual income data obtained from the Household Budget Survey, the Gompertz-Pareto distribution for each year and Goodwin cycle for the mentioned period have been obtained. For this period, in which thirteen elections were held under the single-party rule, it has been observed that the income distribution fits well with the Gompertz-Pareto distribution which shows the two-class structure of the Turkish economy. The variation of the threshold value (which separates these two classes) as well as Pareto coefficient have been obtained. Besides, Goodwin cycle has been observed within this period, centered at and a period of years. It has been concluded that these observations are consistent with the economic and social events experienced in the mentioned period.
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Cite
@article{arxiv.2106.02546,
title = {Testing the Goodwin Growth Cycles with Econophysics Approach in 2002-2019 Period in Turkey},
author = {Kerim Eser Afşar and Mehmet Özyigit and Yusuf Yüksel and Ümit Akıncı},
journal= {arXiv preprint arXiv:2106.02546},
year = {2021}
}