Recently, there has been an upsurge of empirical studies that test the convergence prediction of the neoclassical growth theory at the country, regional, state or provincial levels. These studies examine whether poorer economies will eventually catch up with richer ones in terms of both income...

The private internal rate of return (IRR) for education levels of the household heads in the city of Isfahan in 1992 is estimated. The subjects for this study are a sample of household heads from cross-sectional data. An earnings regression equation along with discounting techniques is employed....

The purpose of this paper is to evaluate the impact of the 1980 liberalization program on the structure of sectoral employment in Turkey. 1973 is a representative year for the inward looking import substitution era (1960-1979) and 1990 for the export promotion era (1980-). We use semi-closed...

This paper examined theoretically and empirically privatization episodes in a sample of Sub-Sahara African countries that were under military regimes as of 1970. The theoretical analysis employed a principal-agent model to investigate the mutually beneficial profit-sharing collaborations between...

This paper empirically assesses the impact of exchange rate policy on the performance of manufactured exports for four North African countries over the 1970-92 period. The impact of exchange rate policy is examined through the effect of three indicators: real effective exchange rate (RER)...

Do countries with lower policy-induced barriers to international trade grow faster, once other relevant country characteristics are controlled for? There exists a large empirical literature providing an affirmative answer to this question. We argue that methodological problems with the empirical...

This study examines convergence in aggregate labor productivity levels, using data on the 67 provinces of Turkey over the period 1975-1990. Markov chains, a nonparametric approach, are applied to characterize the long run tendency of labor productivity. Evidence shows polarization: the...

This paper looks at the implications of the Euro-Mediterranean partnership agreement on labor and wages in Egypt, using a dynamic CGE model, which takes into account the labor market segmentation. Our results suggest that trade liberalization bears the risk of promoting the use of...

The MENA Region has recently witnessed significant economic and financial development. Yet its trade and capital flows remain marginal on a global level, and risk perceptions and institutional underdevelopment are still a powerful obstacle to an increased access to capital markets, a better...

There is no evidence on the extent of public versus private wage differentials in Turkey. The main objective of this paper is to examine the factors which explain the employment choice and the wage differentials in the public administration, state owned enterprises and the formal private wage...