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Thanks to Turkey adopted neo- liberal policies in the early 1980s, her firms have begun to integrate with the global value chain before most competitors. However, they lagged behind many competitors in terms of added value and efficiency, as they could not rise in global value chains and create global brands. So much so that Turkey is is located in the last rows of the OECD countries in terms of the high share of low-qualified employees in the total workforce, specialization in low-technology and value-added fields in value chains, and global brand creation performance. The foreign trade deficit caused by the specialization in low value-added products leads to the current account deficit in Turkey, and thus a variety of chronic macroeconomic problems such as inflation, unemployment, low national income. In the study the impact of the policies followed by governments and institutions on the emergence of this picture, and what needs to be done is discussed in comparison with similar countries. The material of the study consists of the data obtained from the General Directorate of Foreign Capital (YASED) and supranational institutions. In the analysis made using the data of the aforementioned instutions in the article, it is showed that the insufficiencies in the areas of the quality of the education system, corruption, regulatory quality, rule of law, democracy and logistic service capacity related to state and institutional policies negatively affect the production of high value-added products in Turkey. [ABSTRACT FROM AUTHOR]

Human capital is considered as one of the most important factors in explaining development differences between countries, and as a unique source of long-run permanent economic growth. Therefore, increasing the accumulation of human capital has become an extremely important mission for economies. Theoretical and empirical literature emphasizes that public expenditures can play an important role in increasing human capital accumulation. Therefore, in this study, the effect of public expenditures on human capital accumulation for the case of Turkey was analyzed. Besides per capita income, unemployment and population variables were also included in the estimated model since they are considered as important determinants of human capital accumulation in the literature. Annual data for the period 1960-2019 were used in the analysis. The long-run cointegration relationship between the variables was determined and the long-run cointegration coefficients were obtained by applying FMOLS, DOLS and CCR estimators. Results show that public expenditures negatively affect human capital accumulation. Similarly, the increase in unemployment negatively affects human capital. However, per capita income and population are helpful to promote human capital. Probable causes of empirical outputs for the case of Turkey are further discussed in the study and policy strategies are recommended accordingly. [ABSTRACT FROM AUTHOR]

This paper aims to investigate the effects of energy consumption and human capital on economic growth in EU-15 and Turkey through the AMG estimator under the cross-sectional dependency. It is important to note that well educated and skilled society is a crucial requirement, in order to use in an efficient way of existing resources and to increase the share of renewable energy. Therefore, human capital level and efficient usage of energy are crucially important requirements especially for countries dependent to foreign energy resources. The result of the Dumitrescu-Hurlin panel causality test shows that there is bidirectional causality between economic growth and energy consumption. Accordingly, it can be stated that feedback hypothesis is valid for EU-15 and Turkey. Based on the finding of the causal relationship between human capital and economic growth, the study emphasizes the necessity of qualified human capital accumulation, in order to promote feedback hypothesis and to implement innovative policies to enhance energy savings. [ABSTRACT FROM AUTHOR]

The aim of this study is to examine relationships between human capital accumulation and economic development in Turkey for the time period of 1991-2016 by implementing the time series analysis methods. According to the results; (a) all variables exhibit unit root process, (b) long-run relationships exist among variables, (c) according to the long-run parameter estimations, education expenditures positively affect economic development, while there is no statistically significant relationship between health expenditures and economic development, (d) unemployment has a negative and statistically significant effect on economic development, whereas inflation has a negative and statistically insignificant effect on economic development. In this regard, education-oriented human capital-led development policies can positively affect economic development in Turkey. Besides, policies towards reducing unemployment rates can increase the capability of individuals by creating new job opportunities, which in turn promotes economic development. [ABSTRACT FROM AUTHOR]

The International Bank for Reconstruction and Development (IBRD) is an international financial institutaion, established in the leadership of the United States with the multiple agreement in the Bretton Woods Conference to lift the trade barriers. With the establishment of IDA (International Development Association) in 1960, IBRD is refered the name World Bank. In the 1950s and 60s, the Bank's primary focus was that funding of large infrastructure projects such as roads, dams.. etc. In the sense of The Bank's development projects in 1970's, concentrated on people-oriented development projects such as related to rural and urban development more than the construction of material structures. In the 1980s, the Bank, began to imposed on "conditionally" for structural adjustment credits. The meaing of conditional loan is to commit borrower contries to implementing certain policy menus of reforms as health, education systems before receiving the funds agreed to. In the early 1990s, classical social policy discourse completely changed and social policies became facilitators of economic growth. Finally, the shifting from economic development to economic growth policies caused the Bank, became the global governance center of social policy. On the other hand, the Bank, gives advice that to have enhanced human capital for developing countries as the way of dealing with fierce competition and innovations coming through technology. I will try to explain the new social order in which the Bank is at the global center within the concepts of new labourforce, fierce competiton, technological innovation and human capital. [ABSTRACT FROM AUTHOR]

With the development of new (endogenaus) growth theories, it is observed that the major role in these theories had been given to human capital. Although offical or non-offical education indicators are the main indicators which represent human capital, the indicators about the health level of a society also appear in growth models as an element which feeds human capital and contributes its development. The literature which discuss the relation between economic growth and human capital could not come to a consensus about the relation between the variables which represent human capital and economic growth indicators. There are studies, in the literature, which support one-way or mutual causality relations regarding the direction of the causality. Hence, it is necessary to conduct predictions by using larger data sets and new econometric models. This study predicts the relationship between human capital and economic growth by using Emirmahmutoglu and Kose (2011) approach, which is one of the new generation panel causality tests, for the four different country groups by income levels which is classified by the World Bank for the period of 1995-2014. We used personal healthcare expenditures, total healthcare expenditures, private healthcare expenditures and public healthcare expenditures as human capital indicators, and personal income as economic growth indicator. The results obtained, according to the country groups, point to two-way causality relation between variables. [ABSTRACT FROM AUTHOR]