This paper provides an extensive case study of the Turkish automotive and the consumer electronics industries. Despite a macroeconomic environment that inhibits investment and growth, both industries have achieved remarkable output and productivity growth since the early 1990s. Although there...

Turkiye, 1980 askeri darbesiyle ara verilen demokrasiye yedi yil sonra yapilan serbest secimlerle geri dondu. Bu makalede, Turkiye imalat sanayiinde reel ucretler ve isyeri duzeyinde emek ve toplam faktor verimliliginin 1987’de demokrasiye gecis sonrasindaki hareketleri incelenmektedir....

In 1990s emerging stock markets evolved from small and shallow into sizeable and liquid markets integrated with the world financial system. This paper empirically studies the conjecture that the relationship between market development and efficiency can be possibly captured by the weak-form...

Notwithstanding its impressive contributions to empirical financial economics, there remains a significant gap in the volatility literature, namely its relative neglect of the connection between macroeconomic fundamentals and asset return volatility. We progress by analyzing a broad...

We provide a simple and intuitive measure of interdependence of asset returns and/or volatilities. In particular, we formulate and examine precise and separate measures of return spillovers and volatility spillovers. Our framework facilitates study of both non-crisis and crisis episodes,...

Bu çalışmada, Türkiye ekonomisinde sanayi sektörünün gelişimi ve sanayi politikaları uzun dönemli bir perspektif ile incelenmiştir. Türkiye ekonomisinde imalat sanayi, ekonominin dışa açılma sürecinde üretim, üretkenlik ve istihdamın şekillenmesinde odak noktası olagelmiş,...

In a dynamic panel data framework, we investigate the factors influencing the export decision of the Turkish manufacturing plants over the 1990-2001 period. Our results support the presence of high sunk costs of entry to export markets, as well as the hypothesis that the full history of export...

Summary We analyze the export decision of Turkish manufacturing plants from 1990 to 2001. In addition to the presence of high sunk costs of entry in export markets, we find support for the hypothesis that the full history of exporting matters for the current export decision. However, the effect...

Using firm level data on Italian and Turkish manufacturing industries we investigate the differences in survival patterns of foreign owned and domestic firms testing the hypothesis of foreign multinational enterprises (FMNEs) ?foot-loose? behavior (in line with seminal studies such as Görg and...

The impact of trade liberalization on productivity and economic growth has received considerable attention in recent policy debate. Besides the theory, there is also a large body of empirical literature on the impact of trade policy reforms on productivity growth. We contribute to this...