Effectivness of the supported structural reforms on sustainable economic growth and its being tested Turkey

The sustainable economic growth is a concept that has been focused on to provideeconomical stability and will also be important in the future. For this reason, the need offoreign financing of developing countries that are trying to make economic growth stable andcontinuous from the past to the present has become inevitable. IMF is one of the creditinstitutions which is applied by such a kind of developing countries that have no chance toborrowing in capital markets especially since 1980?s and experiencing serious finacal crises.The establisment aim of the IMF is to provide credits under certain circumstances to solvethe balance of payments of the member states. On the otherhand, the profound structralproblems of developing countries who applied to the IMF, have caused the changes of thecredit policies of Fund and there has been transition from stability policies which is baseddemand into supply biased structural reform. The purpose of this change in policy, as statedMichel Camdessus, who was former president of the IMF on 11th July 1990 in the meeting ofthe Economic and Social Council of United Nations in Genova, is to eliminate the structralproblems of the applied countries and provide the sustainable economic growth. The Purposeof this study is to make an observation of the applied structural reforms by IMF and itsefficiancy on sustainable economic growth by considering datas based on regions andcountries. For Turkey, by using ?VAR model? it has tested depending on econometricanalysis. This test and the estimated structral reform applications shows that it might causereducing effects in short term but in long term, it might cause positive development onsustainable economic growth by permanent effects on economic growth.