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...

Purpose: The goal of this paper is twofold: to estimate the unrecorded economy (UE) of Turkey over the period 1987-2007 using a revised version of the currency demand approach and to analyze the relationship between UE and recorded GDP. Design/methodology/approach: we propose to measure UE by...

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 is concerned with the foreign direct investments flows from and out of Turkey in terms of regional and sectoral distributions during the period of 2000-2007. It is noted that Turkey imports substantial amount of foreign direct investment from the European continent. The majority of...

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...