Journal of Business & Economic Policy

Are the Fragile Five Resilient According to the Net Savings as a Proxy for Economic Resilience
Prof. Dr. Çiğdem Berna Kocaman, Ahmet Güzel

Abstract
Economic resilience, refers to the extent to which an economy can withstand or bounce back from the negative effects of external shocks. In the measurement of economic resilience the composite index proposed by Briguglio et al is very famous. Moreover it was proposed by Baritto that net savings can be used as a proxy for economic resilience. Based upon this hypothesis, by using savings as a proxy for resilience for the countries named as fragile five we aimed to evaluate if the fragile five are really resilient or not according to this measure and analyse the policy implications especially for Turkey with respect to the results obtained.

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