Framing Growth: A Comprehensive Literature Survey on Macroeconomic Policies and their Impact on Turkey's Economic Trajectory

Abstract

Purpose: This study explores the intricate interplay between macroeconomic policies and economic growth in Turkey. Through an extensive review of literature spanning theoretical and empirical domains, it establishes a foundation for empirically investigating this relationship. Methodology: The study employs a meticulous synthesis of insights from influential works, conducting a comprehensive analysis of existing literature to uncover key patterns, trends, and debates related to macroeconomic policies and long-term growth. By integrating diverse perspectives, it crafts an empirical approach for deeper exploration. Findings: The study yields nuanced insights into the multifaceted relationship between macroeconomic policies and Turkey's economic trajectory. While the exact impact mechanisms remain debated, the research underscores the pivotal role of policies in influencing growth outcomes. It highlights the need for structured empirical exploration to uncover intricate dynamics. Implications: Beyond theory, the study offers practical significance by furnishing policymakers, economists, and stakeholders with insights from extensive literature and a robust empirical framework. It emphasizes the crucial role of well-informed macroeconomic policies in fostering sustainable economic growth. The structured methodology provides guidance for future research on policy-driven growth trajectories across economies. Limitations: The study acknowledges limitations such as potential data reliance, simplification of complex dynamics, assumptions shaping literature synthesis, incomplete policy landscape reflection, challenges in establishing clear causal relationships, limited generalizability, and subjectivity in evaluating diverse literature sources. It acknowledges a focus on short-term effects, potential gaps in literature coverage, and the potential oversight of long-term implications.