Article | 2012 | Journal of Post Keynesian Economics35 ( 1 ) , pp.65 - 78
In order to test the existence of Thirlwall's law for Turkey during the 1980-2008 period, a bounds test approach to cointegration is applied. The empirical results suggest that Thirlwall's law holds for Turkey. This study also suggests some policy recommendations to curb the deficits in the balance of payments. © 2012 M.E. Sharpe, Inc.