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The Ups and Downs of Turkish Growth, 2002-2015 : Political Dynamics, the European Union and the Institutional Slide
Acemoglu, Daron - 2015
following Turkey's financial crisis in 2001, but then started moving in the opposite direction in the second half of 2000s. This … military's influence and the broadening of effective political participation. As Turkey-European Union relations collapsed and …-paced and lower-quality growth Turkey has been experiencing since about 2007 …
Persistent link: https://www.econbiz.de/10013014300
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The Importance of Economic Policy in Development : Contrasts between Korea and Turkey
Krueger, Anne O. - 2022
In the mid-1950's, Turkey was a much richer country than Korea. With about the same population, Turkish GNP was about …
Persistent link: https://www.econbiz.de/10014157344
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Microeconomic Aspects of Productivity Growth Under Import Substitution : Turkey
Krueger, Anne O.; Tuncer, Baran - 2021
This paper assesses the empirical relevance of "dynamic" factors in industrialization in developing countries. Using data from a sample of 91 firms, rates of growth of output per unit of input are calculated. It is shown that there is little basis, at least with regard to Turkish experience, to...
Persistent link: https://www.econbiz.de/10013223348
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Estimating Latent Asset-Pricing Factors
Lettau, Martin - 2018
We develop an estimator for latent factors in a large-dimensional panel of financial data that can explain expected excess returns. Statistical factor analysis based on Principal Component Analysis (PCA) has problems identifying factors with a small variance that are important for asset pricing....
Persistent link: https://www.econbiz.de/10012918632
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Open Borders in the European Union and Beyond : Migration Flows and Labor Market Implications
Kennan, John - 2017
In 2004, the European Union admitted 10 new countries, and wages in these countries were generally well below the levels in the existing member countries. Citizens of these newly-admitted countries were subsequently free to take jobs anywhere in the EU, and many did so. In 2015, a large number...
Persistent link: https://www.econbiz.de/10012965420
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Conditional PPP and Real Exchange Rate Convergence in the Euro Area
Bergin, Paul R. - 2016
While economic theory highlights the usefulness of flexible exchange rates in promoting adjustment in international relative prices, flexible exchange rates also can be a source of destabilizing shocks. We find that when countries joining the euro currency union abandoned their national exchange...
Persistent link: https://www.econbiz.de/10012998959
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EU Accession and Foreign Owned Firms in Bulgaria
Feliciano, Zadia - 2016
Bulgaria signed the Europe Association Agreement (EAA) in 1995 and the European Union accession treaty in 2005. Accession had the effect of increasing FDI in Bulgaria. We analyze World Bank BEEPS firm level data for 2007 to better understand characteristics and performance of foreign firms in...
Persistent link: https://www.econbiz.de/10013001768
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Vying for Foreign Direct Investment : A Eu-Type Model of Tax Competition
Razin, Assaf - 2006
This paper brings out the special mechanism through which taxes influence bilateral FDI, when investment decisions are two-fold in the presence of fixed setup flows costs. For each pair of source-host countries, there is a set of factors determining whether aggregate FDI flows will occur at all,...
Persistent link: https://www.econbiz.de/10012782945
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Three Current Account Balances : A "Semi-Structuralist" Interpretation
Chinn, Menzie David - 2006
Three large current account imbalances -- one deficit (the United States) and two surpluses (Japan and the Euro area) -- are subjected to a minimalist structural interpretation. Though simple, this interpretation enables us to assess how much of each of the imbalances require a real exchange...
Persistent link: https://www.econbiz.de/10012783481
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Trade Invoicing in the Accession Countries : Are They Suited to the Euro?
Goldberg, Linda S. - 2006
The accession countries to the euro area are increasingly binding their economic activity, external and internal, to the euro area countries. One aspect of this phenomenon concerns the currency invoicing of international trade transactions, where accession countries have reduced their use of the...
Persistent link: https://www.econbiz.de/10012783660