We examine the two-level and the three-level nested four factor Constant Elasticity of Substitution production functions, where labor is disaggregated into skilled and unskilled labor and the capital stock into structures and equipment capital. We estimate inter-factor substitution elasticity...

The fact that the literature tends to find biases in national fiscal projections has led to a growing claim in the academic and policy arenas for the need to introduce independent forecasts in the fiscal domain, prepared by independent agencies, like the European Commission (EC) in the case...

In recent years, the computable general equilibrium (CGE) models for different regions have become an important area for research in economics. The aim of this paper is to analyze the fiscal policy and the effects of fiscal federalism to economic agents in a regional economy context. For this...

The Turkish Health System underwent several evolutions from the early days of the Republic until the beginning of 1990s. The most radical changes came after 1990s in the context of reforms implemented within Turkey’s accession process to European Union. The Turkish Health System has been...

This research aims analyzes the economic structure of the EU-27 economy by 2000, using the Agricultural Social Accounting Matrices (Agrosams) developed by JRC-ITPS (EC) which are disaggregated agricultural sector of these countries and for that particular yearWe will use the software SIMIPSAM...

In this study we evaluate the regional effects of ageing and balancing of fiscal deficits by using a dynamic, regional AGE model for Finnish Economy. We use a MONASH-type dynamic model called VERM (dynamic TERM). To study the effects of ageing, we make use of econometric results and long term...

Due to membership process, the European Union (EU) is the principal trade partner of Turkey. It has concentrated more than half of its total trade flows with EU countries since the II. World War. However, along with emerging of new markets in Asia, Turkey engaged in developing economic ties with...

Using a theory based gravity equation, I first show that cultural dissimilarity (similarity) negatively (positively) affects bilateral imports of countries. More importantly, I examine Huntington's the Clash of Civilizations hypothesis and provide evidence that the impact of cultural...

Strategies to increase the contribution of renewable energy to the energy system and to enhance energy efficiency of industries and households are on the agenda of many countries. The motifs are manifold: using the domestic potential for energy generation and thus increasing energy security or...

“Input-Output” table which was designed for solution of mutual relation(impact) problem is widely applied tool in the world for conducting economic analysis and forecasting. One of the most important problem of our today’s world is to prevent financial-economic crises in  several...