This paper explains wage differences by gender, wage and self employment in an urban setting in Turkey. Data employed is taken from the 1994 Household Income Survey of the State Institute of Statistics (SIS) of Turkey. The Oaxaca decomposition of the wages into discrimination and endowment...

This paper estimates the Cagan type demand for money function for Turkish economy during the period 1986:1-1995:3 and tests whether Cagan's specification fits the Turkish data using an econometric technique assuming that forecasting errors are stationary. This paper also tests the hypothesis...

This study investigates the empirical relationships between macroeconomic instability, capital accumulation and growth in Turkey over the period 1963-1999. We use recent time series econometric techniques, such as cointegration and impulse response analysis, to analyze empirical relationships...

This paper examines how determinants of volatility and stock returns change with financial crisis. The contributions of the paper are twofold. First, using a GARCH-M framework, risk and return are jointly modeled by using macroeconomic variables both in the variance and the mean equations. The...

This paper investigates the inflation dynamics in Turkey between 1988 and 2000. Using model-free techniques, we first observe that there is strong inertia in Turkish inflation. Next, we look at the correlations between Consumer Price Index (CPI) inflation and the leads and lags of the various...

This paper investigates the inflation dynamics in Turkey between 1988 and 2000. Using model-free techniques, the authors first observe that there is strong inertia in Turkish inflation. Next, they look at the correlations between Consumer Price Index (CPI) inflation and the leads and lags of the...