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...

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...

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...

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...

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 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...

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...

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...

This study analyzes the dynamics of house prices across Istanbul's districts using a unique dataset of house prices and socioeconomic characteristics from 2010Q1 to 2022Q1. The log-t convergence test identifies four convergence clubs, with their formation beginning after 2015, highlighting the...

This study conducts a comprehensive analysis of the effects of changes in financial conditions on the economy of Türkiye, for which financial conditions indices were constructed. To examine possible changes in the relationship between financial conditions and the real economy due to the unique...

Examining the gradual information diffusion hypothesis of Hong et al. (2007)in an emerging market context, we show that industry returns possess predictive information regarding the direction of the aggregate stock market in Borsa Istanbul, both in- and out-of-sample, and that the predictive...

This study investigates the relationship between gold prices, agricultural commodity prices (rice, flour, bean, chickpea, lentil, and sugar), and Turkish stock markets. Using the Fourier Toda-Yamamoto causality test and wavelet coherency approach, we find that gold prices significantly influence...

Turkey is at risk of descending into autocracy. That risk persists even though the resistance put up by the opposition Republican People’s Party following the arrest of Mayor of İstanbul Ekrem İmamoğlu has saved the party - at least for now - from being placed under a trustee and the...

This paper investigates the causal relationship between education and mental health in Turkey. We rely on the quasi-experimental setting created by the 1997 compulsory education reform that raised the compulsory years of schooling from five to eight years. Using regression discontinuity design,...

Turkish President Recep Tayyip Erdoægan began his third term in May 2023 with the appointment of Mehmet ðSimðsek as finance minister and the business executive Hafize Gaye Erkan as governor of the central bank. Both are widely acknowledged and experienced proponents of orthodox economics. The...

On January 5, 2024, UN Secretary-General António Guterres appointed María Ángela Holguín Cuéllar as his Personal Envoy on Cyprus. Her role is to determine the 'common ground' from which peace talks can be resumed after standing still since 2017. The shift in Greece-Turkey relations holds...

Turkey's popularity in the MENA region has increased since the AKP's rise to power in 2002. People-to-people contacts, economic progress, and a perceived European lifestyle have contributed to Turkey's popularity in the MENA region. Turkey's seemingly competitive political system and strong...

Analysis of the growth patterns in the Global South in the twenty-first century suggests there is room for authoritarian states to search for new growth models. Authoritarian states, such as Turkey and Egypt, benefited from global financial circumstances in the early 2000s and experienced shifts...

Purpose: The present study explores the primary characteristics of employee training practices by way of analysing the employee training policies of the top two companies with the highest sales revenue in Turkey. The primary characteristics of employee training practices are examined within the...

Feminist foreign policy (FFP) provides a policy framework for government action and for processes and structures within ministries. The introduction of such a framework is linked to a change in policy that is intended to help reduce discriminatory asymmetric relations of power. FFP is a new...

There is a widespread perception these years that strongmen around the world are winning, posing new geopolitical challenges and threats to the Western liberal order and security architecture. This DIIS Report takes a closer look at one of these strongmen, Turkey's Recep Tayyip Erdogan. The...

In the Black Sea, Turkey has been able to engage in resource exploration and joint security arrangements with its neighbours. Ankara's approach to the Black Sea demonstrates that with the right diplomatic efforts and mutual recognition of interests, regional cooperation is possible even in...

Since 2021, Turkey embarked on a Middle East reconciliation initiative involving Syria, Egypt, Israel, Saudi Arabia, and the United Arab Emirates (UAE). This initiative responds partly to evolving regional dynamics and Turkey's specific challenges, such as its protracted economic crisis and...

Since the beginning of the war in Ukraine, Turkey has adeptly navigated a balancing act between Russia and the West, leveraging its position as a credible mediator. However, Turkey's geo-economic vulnerabilities and strong economic ties with the West have made this approach untenable, especially...

This study looked at the complex interactions between agreeableness as a personality trait and five deviant workplace behaviours (including experienced incivility and innovative deviant behaviour) and the role of perceived stress as a mediating mechanism in front-of-house hotel workers. The...