The economic growth effects of terrorism have generally been examined in a cross-country framework where socio-economic differences among the countries are ignored. This highly restrictive assumption may result in heterogeneity bias, which could be overcome by resorting to country studies rather...

In the literature there is a great debate on the growth effects of international financial integration. It is argued that the direction and the magnitude of the effect of financial integration on growth depend on some structural and economic characteristics of the economies. This implies that...

Tourism sector entails both costs and benefits to the economy. The costs are mainly emphasized as opportunity costs. On the other hand tourism revenues may have growth promoting potential benefits: It is a source for deriving foreign exchange which can be used to import capital goods for...

Even though the convergence of regional per capita income has been a highly debated issue internationally, empirical evidence regarding Turkey is limited as well as contradictory. This article is an attempt to investigate regional income inequality and the convergence dynamics in Turkey for the...