On 8 December 2024, the Assad regime in Syria was overthrown by a rebel alliance led by Hay'at Tahrir al-Sham (HTS). The collapse of the family dictatorship was made possible by shifts in regional and international power dynamics. Key factors included Turkish support for the rebels, the...

The techno-geopolitical rivalry between China and the United States has intensified in recent years. Turkey's souring relations with the US over the past decade has prevented the former from reaping the spoils of the Sino-US tech war as an American ally. Ankara has its own ambitions in the...

On 8 December 2024, the Assad regime in Syria was overthrown by a rebel alliance led by Hay'at Tahrir al-Sham (HTS). The transitional government under Ahmad al-Sharaa now faces enormous economic, social and political challenges. It has yet to establish control over the country as a whole; and...

Ankara's "techno-nationalist" policies aim to place Turkey among the innovation leaders of the 21st century. The country has already achieved notable progress in its defence industry, launched its own EV brand and is preparing a space mission. But creating "native and national" (yerli ve milli)...

In the early 1980s, Turkey took steps towards financial liberalization. Accordingly, policymakers have implemented policies for the development of the financial system. Since then, developments in the banking sector have driven economic growth and met the private sector's demand for funds. The...

Does citizen belief in the non-instrumental principles of the political regime, such as strongman leadership, patriotism, or attachment to a charismatic leader, collectively known as normative support, help stabilize authoritarian regimes? While a large literature recognizes that authoritarian...

Russia's full-scale invasion of Ukraine marked the start of a prolonged confrontation between Moscow and Europe - one that is fundamentally reshaping the parameters of European security. The return of Donald Trump to the White House and his stated intent to quickly end the war in Ukraine and put...

In the early 1980s, Turkey took steps towards financial liberalization. Accordingly, policymakers have implemented policies for the development of the financial system. Since then, developments in the banking sector have driven economic growth and met the private sector's demand for funds. The...

The changing geopolitical situation in the European region has actualized the issues of further EU enlargement. As a result, the relevance of studying many aspects of the functioning economic systems of candidate countries has increased. In this context, the purpose of this article is to...

The Special Issue analyzes the impact of taxes and transfers on poverty and inequality in the TCc. It shows that fiscal policy has only a limited impact on reducing inequality, but the system cannot reduce poverty. The Special Issue provides an initial step towards understanding the...

The recovery of the Turkish Cypriot (TC) economy in 2023 was stronger than expected, and GDP is estimated to have rebounded to its pre-pandemic level. Following a deep recession in 2020-the deepest in Europe and the history of the TC economy, and after a modest recovery in 2021, the TC economy...

The techno-geopolitical rivalry between China and the United States has intensified in recent years. Turkey's souring relations with the US over the past decade has prevented the former from reaping the spoils of the Sino-US tech war as an American ally. Ankara has its own ambitions in the...

This study investigates the effect of electricity consumption on air pollution in Türkiye at the provincial level through spatial analyses. Using SO2 and PM10 measurements as indicators of air pollution, this study incorporates income, population density, and electricity consumption as...

Energy losses, both technical and non-technical, are incurred during the transfer of electrical energy from the power plant to the customer. Technical energy losses are evident since they result from the properties of materials. Detecting non-technical energy losses is challenging due to their...

This study introduces a novel composite approach to nonlinear inflation dynamics in identifying historical inflation patterns and forecasting future regime shifts. Assuming inflation's responsiveness to its determinants varies across inflation regimes and that inflation shock magnitude shapes...

The Western Balkans' annual economic growth slowed markedly in the first quarter of 2025. The region's real GDP growth moderated to 2.3% y-o-y in Q1-2025 from 3.3% in the preceding quarter. All economies recorded lower growth than in the previous three months, with Serbia, the largest economy in...

Numerous studies have explored the possible causes of global carbon emissions and climate change; however, the impact of export diversification and concentration on these emissions is a less examined topic in literature. This study investigates the effects of export diversification and...

We use data from the Istanbul court registers spanning from the 16th-19th centuries to establish, for the first time, long-term trends in intergenerational mobility in a major premodern city. The dataset contains information on over 270,000 individuals who appeared in court in various roles,...

The construction industry has a crucial place in any country's economy. However, compared to other sectors, construction companies have been relatively slow to adopt new technologies, while most companies in different sectors have already begun to adopt the latest technologies to renovate their...

Ankara’s "techno-nationalist" policies aim to place Turkey among the innovation leaders of the 21st century. The country has already achieved notable progress in its defence industry, launched its own EV brand and is preparing a space mission. But creating "native and national" (yerli ve...

This paper compares the renowned GARCH model with a novel one, the Generalized Autoregressive Score (GAS) model in terms of forecasting performance. Considering the gap in the literature, this study focuses on the Turkish stock and FX markets. The analysis covers 25 years (1999-2023), of which...

The service sector has consistently expanded within the global economy and has become a significant component of national economies. Advancements in the service sectors of national economies have generated new service-related jobs and professions, which have become a primary source of...

Education, notably higher education, faced a significant challenge during the last period. Our data exploratory study aims to provide insights into the key factors that define students' Distance Learning (DL) in the current period. Based on the main findings, we justify our bold proposition for...

This paper examines the phenomenon of inflation inertia in Türkiye focusing on its persistence and the role of interconnected price-setting behaviors. Utilizing monthly data from 2004 to 2024, the study applies a novel augmented Phillips Curve framework, integrating a Time-Varying Parameter...

Causal evidence on the effectiveness of refugee labor market integration programs remains limited. This report presents baseline findings from a randomized controlled trial evaluating such a program for Syrian refugees and Turkish nationals with limited labor market attachment in Türkiye - the...

This paper examines vertical skills mismatch in Türkiye using a refined measure that adjusts for occupation, age group, sector, and year to isolate genuine education-job misalignment from compositional artifacts. Drawing on nationally representative labor force survey microdata from 2009 to...

This study investigates the presence of the MAX effect, as defined by Bali et al. (2011), in the stock market of Borsa Istanbul, aiming to validate and extend previous findings in international markets. A comprehensive analysis of 439 firms from December 2013 to November 2023 reveals that stocks...

Purpose - This study investigates the impact of financial statements disclosed in accordance with the Turkish Tax Procedure Code (TPC) and International Financial Reporting Standards (IFRS) on stock prices at Borsa Istanbul. It aims to explore how each type of disclosure affects market reactions...

This paper investigates the impact of international migration on internal mobility patterns in Turkey between 2014 and 2022. Using rich bilateral migration flow data, we explore heterogeneity by migrant type and nationality. Our findings indicate that an increase in the share of foreigners in a...

The relative performance of an equity fund having a benchmark consisting of one or more indices can be simply calculated by comparing the fund's return with its benchmark's return in given periods. The purpose of this study is to analyze the specific characteristics of funds and investment...

The congruence of accounting standards with high-quality financial data constitutes a cornerstone of the institutional frameworks of modern economies. The adoption of International Financial Reporting Standards (IFRS) facilitates greater transparency and comparability in financial reporting,...

This study examines two key challenges in services trade research: the reliability of trade data and the measurement of non-tariff barriers, particularly the Services Trade Restrictiveness Index (STRI). Using firm-level panel data from Türkiye with fixed effects, we show that international data...

On 8 December 2024, the Assad regime in Syria was overthrown by a rebel alliance led by Hay’at Tahrir al-Sham (HTS). The collapse of the family dictatorship was made possible by shifts in regional and international power dynamics. Key factors included Turkish support for the rebels, the...