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1. How and why the disposable income per person differs from GDP per capita in Turkey? 2. What are the three puzzles in terms of

1. How and why the disposable income per person differs from GDP per capita in Turkey?

2. What are the three puzzles in terms of long term economic growth in Turkey?

3. Does real estate investment play a robust role in terms of economic growth over the long-run? Why or why not?

4. State four stylized facts on business dynamics in Turkey. Explain the consequences

5. Explain structrual (sectoral) transformation and discuss the reasons of the comparatively slow pace of structural transformation in the Turkish economy after 1950s.

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