This paper studies the long-term consequences of polices designed to curb the rapid growth in pension deficits in Turkey where the mismanagement of pension funds has begun to generate considerable losses, despite a relatively young population that is just beginning to face population aging. With...

The Uruguay Round Agreement on Agriculture classified some subsidies as "Green Box" measures and presuming that they would not distort production/trade patterns, kept them outside the AMS reduction commitments. This study investigates the validity of this view through simulation results from SAM...

We study the time paths of different variables on the way to the analytically obtained long-run autarky equilibrium for a 2-sector, 2-factor overlapping generations economy under different initial conditions and parameter confıgurations, and investigate implications of the initial conditions...