Ham petrol ithal fiyatlarindaki degismeler dolayisiyla akaryakit urunlerinin yurtici fiyatlarinda meydana gelen degismelerin Turkiye'deki olasi enflasyonist ve/veya deflasyonist etkileri, Kibritcioglu ve Kibritcioglu (1999) tarafindan kuramsal ve olgusal bilgiler isiginda sematik ve ampirik...

Ham petrol fiyatlarindaki artislarin petrol ithalatcisi ulkelerdeki olasi enflasyonist etkileri, ozellikle 1970’li yillarda Dunya’da yasanan iki buyuk petrol krizinden bu yana tartisilir olmustur. Bir ham petrol ithalatcisi olan Turkiye’de de, enflasyonun onemli kaynaklarindan birinin ham...

The black market exchange rate premium is widely used in the empirical literature as an indicator of trade and exchange rate distortions. This paper presents a simple test of the null hypothesis that the black market exchange rate is a reliable indicator of the equilibirum exchange rate. The...

Time series data for Sri Lanka span periods of pervasive trade and exchange restrictions along with periods of liberalized trade. This paper implements a structural econometric model of aggregate imports which incorporates the implications of the shifts in the policy regime. The results...

This study tests weak and semi-strong form efficiency of the foreign exchange market in Sri Lanka using six bilateral foreign exchange rates during the recent float. Weak-form efficiency is examined using unit root tests while semi-strong form efficiency is tested using co- integration and...

Purchasing power parity (PPP) hypothesis has attracted a lot of attention from academics and policy-makers particularly, during the recent float. Most previous studies used data from the developed world. This study examines the validity of the PPP hypothesis using data during the recent float...

NIGERIA IS GOING THROUGH A DIFFICULT POLITICAL AND ECONOMIC TRANSITION AFTER FORTY YEARS OF INDEPENDENCE. YET, NIGERIA REMAINS A SOCIETY RICH IN CULTURAL, LINGUISTIC, RELIGIOUS, ETHNIC AND POLITICAL DIVERSITY. TODAY, THE AVERAGE NIGERIAN STRUGGLES HARD TO MAKE ENDS MEET; SEES HIMSELF OR HERSELF...

Data on energy and mineral reserves suggest that natural resource abundance has not been a significant structural determinant of economic growth between 1970 and 1989. The story behind the effect of natural resources on economic growth is a complex one that typical growth regressions do not...

Egypt accelerated its ongoing transition from a public sector dominated economy to a private sector led and market oriented economy after the collapse of oil prices in the mid-1980s. Some aspects of the economy, such as trade policy, have been substantially transformed since then whereas other...

Early states like China, India, Italy and Greece have been experiencing more rapid economic growth in recent decades than have later-comers to agriculture and statehood like New Guinea, the Congo, and Uruguay. We show that more rapid growth by early starters has been the norm in economic...