Skip Navigation

This Article
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Somel, C.
Right arrow Search for Related Content
Related Collections
Right arrow B51 - Socialist; Marxian; Sraffian
Right arrow E25 - Aggregate Factor Income Distribution
Right arrow O11 - Macroeconomic Analyses of Economic Development
Right arrow P16 - Political Economy
Right arrow Q11 - Aggregate Supply and Demand Analysis; Prices
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

Cambridge Journal of Economics 27:919-933 (2003)
Copyright © 2003 Cambridge Political Economy Society

Notes and Comments

Estimating the surplus in the periphery: an application to Turkey

Cem Somel*

*Middle East Technical University.

Address for correspondence: Cem Somel, Department of Economics, Middle East Technical University, 06531 Ankara, Turkey; email: somel{at}metu.edu.tr

Abstract

This note discusses how the economic surplus concept can be used to analyse the constraints the world system imposes on economic development. An estimation of the surplus for Turkey for 1980–96 utilises Köhler's unequal exchange analysis to measure the transfer of surplus abroad and the official minimum wage to calculate essential private consumption. The estimation yields the allocation of the surplus between non-essential consumption, investment and unrequited transfers abroad. The note assesses Lippit's argument that the main obstacle to development is the misuse of the surplus in the domestic economy and not transfers abroad.

Key Words: Economic surplus • Dependency • Development


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?


This article has been cited by other articles:


Home page
 Review of Radical Political EconomicsHome page
M. Vernengo
Technology, Finance, and Dependency: Latin American Radical Political Economy in Retrospect
Review of Radical Political Economics, December 1, 2006; 38(4): 551 - 568.
[Abstract] [PDF]

Home page
 Review of Radical Political EconomicsHome page
E. Yeldan
Neoliberal Global Remedies: From Speculative-Led Growth to IMF-Led Crisis in Turkey
Review of Radical Political Economics, June 1, 2006; 38(2): 193 - 213.
[Abstract] [PDF]


Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.