We discuss issues of real estate price bubble, the extent of wealth effects, affordability, financial deepening and credit market risks. Our simulations indicate that given current wealth levels, cost of credit and maturity, average homes are not affordable by average consumers. The market...

In this study, we examine whether internal migration in the last 30 years in Turkey has had any effect on the speed of convergence across Turkish provinces. According to our results, contrary to the predictions of the standard neoclassical theory, for 1975-2000,internal migration is not...

This paper investigates the relationship between labor force participation rate and unemployment rate in Turkey a developing country. Cointegration analysis is carried out for the aggregate and gender and age specific series. The findings indicate that there is no long-run relationship between...

This paper explores export spillovers that arise from foreign direct investment generated linkages between domestic and foreign firms in Turkish manufacturing industry. By making use of a recent firm level dataset, we investigate how supplying to foreign affiliated firms, as proxied by their...

The present paper examines the effects of the Customs Union (CU) and Free Trade Agreements (FTAs) on Turkey’s extensive and intensive margins. For this purpose, using highly disaggregated product-level data at the six-digit product level of Harmonized System, we first decompose Turkey’s...

The aim of the present article is to investigate the economic determinants of the synchronization across regional business cycles in Turkey between 1975-2010. The vast majority of studies in this field have concentrated on well known determinants, such as interregional trade, financial...

Bu çalışmada Türkiye’de saatlik ücret ve yıllık emek gelirindeki değişimler ve bu değişimlerin bireyler arasında meydana getirdiği eşitsizlikler 2002–2011 dönemi için yıllık veri kullanılarak ortaya konulmuştur. 2002–2011 döneminde kentte yaşayan 25 ile 49 yaşları...

Bu yazıda, Türkiye Ekonomi Kurumu ve Atatürk Üniversitesi İktisadi ve İdari İlimler Fakültesi’nin 24, 25 ekim 2013 tarihinde ortaklaşa düzenledikleri 17. Ulusal İktisat Sempozyumu’na sunduğum büyüme konusundaki görüşlerimi genişleterek açıklıyorum. Sempozyum’da...

Açıklamalarıma T. Kuhn’un 1960’larda ileri sürdüğü önemli görüşlerini aktarmakla başlayacağım. Bilindiği gibi Kuhn bir normal, bir de devrimci bilim olduğu görüşündedir. Normal bilimde bir bakıma bilim dalına egemen olan bakış açısının (paradigmanın) ilkelerine,...