Ozan Bakış, Uğurcan Acar and Gökhan Dilek
In this research brief, we examine Total Factor Productivity (TFP) dynamics in Turkish economy for the four main sectors (agriculture, industry, construction and services). In the years between 1980 and 2018, all sectors record TFP increases except services. The cumulative increase in TFP is the highest in the industry sector with 110% growth rate followed by the agriculture with 48% in this 38-year period. TFP growth in construction fall behind the agriculture with a figure of 32.7 percent while in services, TFP decreases by 42 percent.
According to broad periodization we reach the following conclusions: