In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under … privatization (crowding-out effect). Vice-versa with risk aversion and perfect intertemporal substitutability (diversification … of the crowding-out effect, when the revenues of privatization are devoted to present public consumption. …

In 1997, France Telecom, the state-owned French telephone company, went through a partial privatization. We adapt a …

disadvantages on educational outcomes. Using administrative data on the university entrance exam in Turkey, the paper estimates …

Turkey, the demise of the long-planned South Stream pipeline project and the launch of a new project to evacuate Russian gas … to Turkey and South-East Europe bypassing Ukraine: Turkish Stream. Since 2007 South Stream has represented a key element …

This paper, presenting a wide range of issues related to the role of Turkey in the Mediterranean energy context, aims … to provide a comprehensive framework of understanding of the growing strategic relevance of Turkey for both the European … Union and the overall Euro-Mediterranean region. In particular, the paper focuses on the EU-Turkey energy relations and …

Over the last years Turkey has been increasingly associated in the international political and economic debate with … concepts such as "gas corridor" and "gas hub". This characterization of Turkey is clearly mainly due to its unique geographical … the political discussion on the rise of Turkey as a leading regional power and in the debate on the future prospects for …

Over the last two decades energy has emerged as an increasingly important component of the overall EU-Turkey relations … EU-Turkey energy relations. After years of strong cooperation, the failure of Nabucco and the emergence of TANAP have … ultimately outlined a divergence in the way the EU and Turkey perceive not only the SGC but also their energy relations. This …