Interest in economic policy and performance in Iran under the Islamic Republic remains vigorous two decades after the Revolution. Since 1979, Iran has undergone important socio-economic and institutional changes and has been affected by significant economic and political upheavals. This paper...

Our purpose in this paper is to establish stylized facts of the Turkish macroeconomic adjustment using data from 1999 to date. We adopt a tradition al a-priori definition of business cycles as cyclical co-movements of economic variables such a public, private and construction investments, trade...

One of the consequences of globalization is the increased vulnerability of small nations to the events happening in the advanced world. This study estimates the macro-economic linkages between the GCC and the G7 countries. A small model has been developed with only seven key variables. Four of...

The devastating earthquake that struck the most densely populated and industrialized area of Turkey on August 17, 1999 was one of the most damaging natural disasters during this century. This paper is a first attempt to estimate the transition path of the Turkish economy to its new equilibrium...