The aim of this study is to examine the five basic elements of the Turkish Economy Model, namely exports, current account surplus, production, investment, and employment, in the context of economic theory. In the study, only a theoretical analysis was made and a descriptive method was used. According to the study, the Turkish Economy Model includes a preference that closes the interest–exchange rate gap in financing development. Therefore, first, the financing of development was explained. Then, the functions of the basic elements of the TEM and the risks were determined. Finally, a simplified schematic of the model’s operation is presented and interventions that may be required during the operation of the model in the context of its risks are discussed. According to the results obtained in the study, it is pointed out that there is a characteristic of the Turkish Economy Model that needs attention from different aspects. As an example, the existence of elastic demand conditions in export-oriented industrialization and the criteria of incentive policies, the necessity of import substitution policies accompanying export-oriented industrialization, the transfer of resources from export income to the non-exporting sector, the necessity of reducing import dependency, the existence of an environment where savings depend on non-interest motivations, the necessity of optimizing between short-term and long-term goals for employment and managing the inflationary trend can be given.
Cite this article as: Mert, M. (2023). Türkiye ekonomi modeli üzerine teorik bir tahlil. Journal of Business Administration and Social Studies, 7(2), 108-122.