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Between 1961 and 1983, Turkish agriculture was subject to negative protection as a result of indirect measures, such as macroeconomic policies and industrial protection. Until the early 1980s, Turkey maintained an overvalued exchange rate, which served as an implicit tax on Turkish farmers. This… more
Between 1961 and 1983, Turkish agriculture was subject to negative protection as a result of indirect measures, such as macroeconomic policies and industrial protection. Until the early 1980s, Turkey maintained an overvalued exchange rate, which served as an implicit tax on Turkish farmers. This policy was changed in 1982 when Turkey allowed its
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