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...