AN ANALYSIS OF EXPORT PARADOX: THE TURKISH CASE IN THE AFTERMATH OF APRIL 5TH 1994 AUSTERITY MEASURES PACKAGE

AN ANALYSIS OF EXPORT PARADOX: THE TURKISH CASE IN THE AFTERMATH OF APRIL 5TH 1994 AUSTERITY MEASURES PACKAGE

The combined impact of the fragility of Turkish economy, variable currency rates and global scale crises have greatly contributed to the formation of probable shocks. Alongside with the financial deregulation of post-1980s economic setting in Turkey, a favorite hub of short-term foreign direct investment in the mentioned time period, in particular, the post 1990s multitude economic crises have led to the shortening of the time interval of foreign direct investments stay and affected the infrastructure of Turkish economics. In this regard, this study aims to elucidate and elaborate the changes in foreign trade in the light of economic austerity measures by means of VAR analysis