This
stage of major policy changes started with additional
reforms in the trade and balance of payments regime.
The January 1984 import program established lists
containing a large number of importable goods: specifically,
Turkey switched to a negative list in 1984 as
compared to the positive list that prevailed before,
meaning, the new lists specified those non-importable
goods whereas previous lists only had importable
commodities. This step towards openness was
supplemented with lower tariff rates and import duties
as well as with simpler import procedures
(Thomakos and Ulubasoglu, 2002). Because of this
major policy changes, time series period was taken
1984-2006