The extent of government deficits and debt has been one of the most debated issues in recent years. However, much less has been contributed about their dynamics. Yet, the issue of entering into and exiting from excessive deficits is critical in the Economic and Monetary Union since the Stability...

This paper presents the dynamic multi-sector general equilibrium model for the Russian Federation (RusMod) and carbon emission projections for Russia up to 2020. Projection results emphasise the importance of accomplishing strong energy efficiency gains, and their effect on the economy and on...

With the aid of an intertemporal, multi-region general equilibrium model, we studyissues of agricultural trade liberalization, growth and capital accumulation in the context of aworld economy moving towards a multi-polar structure. We specifically focus on Turkey, theEuropean Union, the Middle...

This paper examines the peace dividend effect of Turkish convergence to EU membership. By employing a multi-region dynamic CGE model, we examine the prospect for conflict resolution if Turkey becomes an EU member. The model allows us to analyse several scenarios that imply varying amounts of...

This paper examines the effect of sectoral demand for military expenditure on the peace dividend between Greece and Turkey by employing a multi region dynamic CGE model. A general purpose of the study is to examine the prospect for conflict resolution if Turkey become a member state for the EU....

This paper outlines how a 2011 Social Accounting Matrix (SAM) with a rich disaggregation in the energy sectors is constructed for Turkey. The disaggregated SAM incorporates 38 production activities, 9 of which produce energy, 33 commodities, 2 factors of production as labor and capital, three...

This paper outlines how a 2011 Social Accounting Matrix (SAM) with a rich disaggregation in the energy sectors is constructed for Turkey. The disaggregated SAM incorporates 38 production activities, 9 of which produce energy, 33 commodities, 2 factors of production as labor and capital, three...