We investigate the presence of financial linkages between Turkey and Greece. In particular, we estimate bivariate vector error correction systems between the Greek and Turkish stock markets and then between the Greek Drachma and the Turkish Lira to test for long and short run causality and...

In this paper a non-linear model is applied, where suddenly strong spurts of exports occur when changes of the exchange rate go beyond a zone of inaction, which we call "play" area - analogous to mechanical play. We implement an algorithm describing path-dependent playhysteresis into a...

Turkey constitutes a country privileged with ekistics and cultural heritage of crucial interest that is linked to ancient civilizations. Over the past decades, the turkish government has been formatting and developing a protective institutional framework, concerning the preservation of its...

In this paper we have estimated the number of years for Turkey's per capita income to converge with those of Italy, Spain, Portugal and Greece. The estimate is based upon convergence theory of per capita income of laggard countries to that of advanced countries if (1) there exists a gap between...

We study the long-term economic legacy of highly-skilled minorities a century after their wholesale expulsion. Using mass expulsions of Armenian and Greek communities of the Ottoman Empire in the early 20th century as a unique natural experiment of history, we show that districts with greater...