Between 1946 and 2010, Turkey evolved from a backward, closed agrarian economy into an open, urbanized economy with a significant industrial base capable of exporting a diverse set of products to many countries. The Turkish political system was transformed into a multi-party regime that allowed...

National Defense is a public good that requires resources for its production and its availability affects the economic behavior of private agents. A major policy problem of the government is to find an optimal allocation of resources between private use and national defense. It is shown that, in...

Some Basic Concepts -- Vectors and Matrices -- Square Matrices and Determinants -- Inverse Matrix -- Systems of Linear Equations -- Linear Spaces -- Euclidean Spaces -- Linear Transformations -- Eigenvectors and Eigenvalues -- Linear Model of Production in a Classical Setting -- Linear...

This paper addresses two questions: Do Turkish private commercial banks take macroeconomic information into account in taking their major managerial decisions? And, if so, do they react to such information in a predictable manner? The findings, based on pooled cross-section time-series data for...

What macroeconomic requirements must Turkey meet in its quest to accede to the European Union? This book, with its distinguished contributors – well-known economists and policymakers – examines and analyses these macroeconomic challenges confronting Turkey. Although the focus is on...

The following section are included:IntroductionThe Single-Party Regime and Étatism (1923–1945)Transition to Multi-Party Regime (1946–1950)Infancy Phase of the Multi-Party Regime — Failure on Both Fronts (1950–1960)Multi-Party Regime on a Fragile PathTowards an Open Market EconomyThe...