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Journals / Ekonomik Yaklaşım / 2012 / Cilt: 23 - Sayı: 82

Critique of debt sustainability: Art alternative concept of sustainability and the case of Turkey

Burak GÜRBÜZ
Pages
1–22
Publication Date
2022-10-18
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The results show that the "debt sustainability " indicator based on the narrow definition adopted by market actors and international institutions, and the alternative indicator that takes into account social costs move in opposite directions.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The first objective of this study is to give a critical account of debt sustainability and solvability.
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Key Findings & Data:Based on the case of Turkey we show that debt, rather than being a transitory phenomenon is a self-sustained process.
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Conclusion & Impact:The results show that the "debt sustainability " indicator based on the narrow definition adopted by market actors and international institutions, and the alternative indicator that takes into account social costs move in opposite directions.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

The first objective of this study is to give a critical account of debt sustainability and solvability. Based on the case of Turkey we show that debt, rather than being a transitory phenomenon is a self-sustained process. The second objective of the study entails the measurement of the social costs of debt sustainability, and calculating a new indicator for Turkey's debt sustainability. The results show that the "debt sustainability " indicator based on the narrow definition adopted by market actors and international institutions, and the alternative indicator that takes into account social costs move in opposite directions.

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Cite This Article

GÜRBÜZ, B. (2022). Critique of debt sustainability: Art alternative concept of sustainability and the case of Turkey. Ekonomik Yaklaşım, Cilt: 23 - Sayı: 82, 1–22. https://ajindex.com/articles/499677

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