Turkey is well behind the many countries according to socio-economic development criteria. Activities aim to make Istanbul a financial center seem paradoxical due to less developed and risky characteristics of national economy and financial system. It seems that these activities have both...

ocial Discount Rate (SDR) is a very crucial policy parameter in public project appraisals due to its resource allocation impacts. This study estimates an SDR for Turkey using the Social Time Preference Rate (STPR) approach. The elasticity of the marginal utility consumption, which is the most...

Turkey’s membership of EU will lead to the enlargement of already established customs union between EU and Turkey for the agricultural products. This involves not only a full liberalization of agricultural trade within the EU but also the implementation of a Common external tariff. In this new...

The skill biased technological change (SBTC) hypothesis relates earnings inequality to the change in technology with the hypothesis that technology increases the relative demand for skilled labor. In this paper we will investigate the evidence of SBTC hypothesis for two digit level 9 sectors in...

This study focuses on estimating an economic discounting rate (EDR) to be used in project appraisals by the State Planning Organisation (SPO) of Turkey. The EDR is a policy tool used for selecting the best projects to meet the economic targets of development plans and to enable planners to...

The idea of development of capital markets and hence securities firms had resurfaced after 1980’s in Turkey, the latest and probably the final liberal period of Turkish economy. First regulations on securities firm business appaeard after Banking Crisis of 1982 (or Banker Crisis). The number...