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This introduces the symposium on economic growth.
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-enhancing reforms following Turkey's financial crisis in 2001, but then started moving in the opposite direction in the second half of … waning of the military's influence and the broadening of effective political participation. As Turkey-European Union … responsible for the lower-paced and lower-quality growth Turkey has been experiencing since about 2007 …
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following Turkey's financial crisis in 2001, but then started moving in the opposite direction in the second half of 2000s. This … military's influence and the broadening of effective political participation. As Turkey-European Union relations collapsed and …-paced and lower-quality growth Turkey has been experiencing since about 2007 …
Persistent link: https://www.econbiz.de/10012457061
following Turkey's financial crisis in 2001, but then started moving in the opposite direction in the second half of 2000s. This … military's influence and the broadening of effective political participation. As Turkey-European Union relations collapsed and …-paced and lower-quality growth Turkey has been experiencing since about 2007 …
Persistent link: https://www.econbiz.de/10013014300
We construct a simple model where political elites may block technological and institutional development, because of a "political replacement effect." Innovations often erode elites' incumbency advantage, increasing the likelihood that they will be replaced. Fearing replacement, political elites...
Persistent link: https://www.econbiz.de/10014119495
Is inequality harmful for economic growth? Is the underdevelopment of Latin America related to its unequal distribution of wealth? A recently emerging consensus claims not only that economic inequality has detrimental effects on economic growth in general, but also that differences in economic...
Persistent link: https://www.econbiz.de/10005830802
This paper argues that the extent of financial contagion exhibits a form of phase transition: as long as the magnitude of negative shocks affecting financial institutions are sufficiently small, a more densely connected financial network (corresponding to a more diversified pattern of interbank...
Persistent link: https://www.econbiz.de/10011156804