STRUCTURE AND PROPERTIES OF THE TURKISH HERMIN MODEL - HTR5 Dr. John Bradley Eser Pirgan Matur Pınar Yaşar Murat Vardal A. Sema Bahçeci Economic Modeling Department General Directorate of Economic Modeling and Strategic Research State Planning Organization Ankara, July 2009 STRUCTURE AND PROPERTIES OF THE TURKISH HERMIN MODEL - HTR5 This publication is the final report of the Hermin Model Project of the General Directorate of Economic Modeling and Strategic Research, which was initiated in 2006 and executed by the Economic Modeling Department of the State Planning Organization. Contacts for communications A. Sema Bahçeci (Project Coordinator) Dr. John Bradley (Consultant) State Planning Organization EMDS - Economic Modeling and Economic Modeling Department Development Strategies Necatibey Cad. No.108 14 Bloomfield Avenue, Dublin 8, Ireland Phone: +90 312 294 60 17 Phone: +353-1-454 5138 Fax: +90 312 294 60 77 Fax: +353-1-497 0001 E-mail :
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[email protected] Table of Contents 1. INTRODUCTION .................................................................................................... 1 2. A PORTRAIT OF THE TURKISH ECONOMY: 1987-2006.................................... 3 2.1 GDP and per capita Income......................................................................................................