Savings Gap in Türkiye's Recent History and Current Saving Trends
DOI:
https://doi.org/10.62844/jerf.11Keywords:
Savings, Investment, Savings Gap, Economic Stability, TürkiyeAbstract
In this study, the savings gap problem, which is one of the most important problems in Türkiye's recent history, and today's savings trends are examined. Since the end of the 1980s, Türkiye has been faced with the problem of savings gap intensely. This problem caused economic instability and negatively affected growth. In this way, the causes and effects of the savings gap problem are also discussed in this study. The main and most important reasons for the savings gap are the inability to achieve price stability and inadequate savings policies. The current account deficit, on the other hand, stands out among the effects of the savings deficit. To solve the savings gap problem and therefore other problems it causes; the authorities should implement policies that encourage savings and raise awareness to increase the savings habits of the public. The most important element of capital accumulation, which is necessary for the development of society, is savings. As a result, the savings gap problem in Türkiye's recent history and current savings trends are important for economic stability and growth. This study also touches upon policy proposals for the solution of Türkiye's savings gap problem.
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