Productivity Growth: Sustainable Growth
It is possible to ensure “Sustainable Growth” by maintaining an increase in productivity and enabling it to reach a certain threshold. The level of productivity can be considered as the “Total Factor Productivity” (TFP) which is the sum of the productivity of the production factors. As the share of the TFP increase in a certain period is boosted within the growth; then it is possible for growth to become sustainable and neither does it create problems such as, inflation, public deficit, current accounts deficit while gaining a sustainable structure that is able to create value. The elements that have an indirect or direct impact on TFP are among the fundamental issues of TÜSİAD:
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Entrepreneurship is the cornerstone of the production process. The entrepreneur initiates the production process by merging the optimal intersection of traditional production factors with the risk appetite. In order to obtain competition and productivity; t... More -
The phenomenon that has the most distinct capability in terms of determining the Total Factor Productivity is education and related to education, the quality of human capital and the approach to the phenomenon of Information Society. Education, in the conte... More -
One of the most important elements that have an impact on Total Factor Productivity, as much as the phenomena of education and information society is; “Technology and Innovation Capacity”. Technology capacity means producing, transferring or being able to u... More -
The market economy based on competition is the sole economic environment in which the price mechanism is able to operate effectively. Only in market economy based on competition is the price mechanism able to act as a signal by means of forming shadow price... More -
Protecting Intellectual and Industrial rights means, respecting knowledge, encouraging innovation and investing in innovation, channeling technology policy and, protecting productivity as a result. Therefore the phenomenon of Intellectual and Industrial rig... More -
Macro-economic stability is the sustaining of monetary, fiscal and income policies without disrupting the operation of the market economy. Such elements as the monetary policy being locked onto price stability, the fiscal policy focusing on a sustainable de... More -
Industrial Organisation is the field that defines the relationship of the companies with the market and the market structure. Industrial Organisation defines a realistic structure, namely the world of flawed competition by adding the such phenomena as limit... More -
Labour force productivity, as the most fundamental component of Total Factor Productivity, is naturally directly affected from the Labour Market platform. For the labour supply to be able to respond optimally to the demand, it is a must for the market infle... More -
In today’s economies; tax policy is made use of both in the finance of the state’s basic duties and in the framework of the “broadening fiscal policy” with the aim of achieving full employment economies. The fundamental principle is for the tax policy to no... More -
In the period we are currently undergoing; providing the security of energy supply that is the most important input of almost all kinds of industry, all manner of branches of production and continuing economic stability have a very critical importance in te... More -
Under normal conditions, competitive market economy should be completely free from regulations. However, in conditions when the market economy is regularly disrupted and a fully competitive market cannot be attained, a regulatory understanding, on a tempora... More -
The functioning of the social security system should be designed as a sustainable structure taking into consideration the changes in the demographic structure (such as the ageing of the population) and the negative developments in the other elements of publ... More -
The industrial strategy should carry the objective of developing the Total Factor Productivity (TFP) related elements and to eradicate the regional developmental differences in this context. What we should understand from an industrial strategy, at this day... More -
Our planet, while seeking remedies for problems created by the global financial crisis such as loss of income and unemployment on the one hand, has to at the same time struggle against global climate change. Otherwise the developmental gains we have achieve... More -
The depth of financial markets is of critical importance in terms of increasing the financial savings and being efficiently transferred to economic activities. As the financial markets deepen commission costs are reduced, finance of investments and entrepre... More
