2021/06/04 by Kerim Eser AFŞAR, Afşar, Kerim Eser, Mehmet Özyiğit +5 · 1 citation
Economics, Econometrics and Finance · #Complex Systems and Time Series Analysis #Economic Theory and Policy #FOS: Economics and business #FOS: Physical sciences #General Economics (econ.GN) #Monetary Policy and Economic Impact #Physics and Society (physics.soc-ph)
paper · pdf · doi:10.48550/arxiv.2106.02546
openalex publication_date 2021/06/04 · openalex created_date 2021/06/22 · openalex updated_date 2026/07/30
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 xt (which separates these two classes) as well as Pareto coefficient have been obtained. Besides, Goodwin cycle has been observed within this period, centered at (u,v)≅ (66.30,83.40) and a period of T=18.30 years. It has been concluded that these observations are consistent with the economic and social events experienced in the mentioned period.