This paper studies the role of banking sector in monetary policy transmission in Turkey covering the period 1988-2009. Specifically, we investigate the impact of monetary policy changes on banks’ lending behavior. Given the changes in the policy stance and developments in the financial system...

The impact of unionization on wage inequality has been examined by a vast literature. Focusing mostly on the US and the UK in time series analyses or on OECD countries in panel data analyses, a bulk of these studies have found a negative impact of deunionization (i.e. decline in the union...

We examine the effects of international trading activities of firms on creating productivity gains in Turkey by using a recent firm level dataset over the period 2003-2010. We establish treatment models and investigate the productivity improvements of firms through trade by using Propensity...

This paper tests and models time varying correlations among agricultural commodity, precious metal and S&P500 indices to uncover whether rising trend among these markets is a result of financialization of commodity markets and/or financial crisis. We particularly investigate the roles of market...

This study exposes a comparative treatment of the private returns to education in Palestine and Turkey over the period 2004&2008. Comparable data, similar definitions and same methodology are used in the estimations. The estimates are provided first for average returns to education second for...

In this paper, we re-construct the sphere of European Neighbourhood Policy (ENP) with respect to empirical evidence collected from Web of Science and systematically meta-analysed. This analysis provides us the dynamics of the ENP knowledge asset in terms of stock and flow in temporal, spatial...

The main purpose of this paper is to test the impacts of foreign direct investments and imports on research and development intensities of European Countries and Turkey. A panel data analysis has been applied to test the relationship between foreign direct investments, imports and research and...

This study measures economic performances of the 15 transition economies for two periods: The Soviet Union period and transition period. These periods include data of countries for 1970-1989 and 1991-2005. It is known that centrally planned economies are mainly criticized for widespread economic...

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(This paper is in Turkish) This study aims to analyze the resilience (sensitivity) of the NUTS-2 Regions of Turkey to the recessionary shocks in 1994 and 1999 as well as the degree of recovery of regional economies from the shocks. The main four findings are as follows: i) the sensitivity to the...