This paper investigates the intrahousehold resource allocation on children’s education and its earnings consequence in Chinese labour market. In order to overcome the endogeneity problem of schooling, we consider the siblings structure and the available public facilities as instrumental...

This paper estimates the economic returns to education in China from 1989 to 2009, using the China Health and Nutrition Survey (CHNS) dataset. We find that education returns for one additional year generally increase from 2.6% in 1989 to 7.9% in 2009. Education returns, however, may reflect...

We explore the possible role of interdependence of expectations in emerging market economies and analyze the crisis transmission mechanism within the ”pure”contagion framework. We consider the cases of Russia, Turkey, and Brazil, and assess whether the fundamentals of these countries allowed...

This paper examines the potential long-term impacts of global climate change on agricultural production and trade in the People’s Republic of China (PRC). Using an economy-wide, global computable general equilibrium model, this paper simulates the scenarios of global agricultural productivity...

The rapid economic growth of the People’s Republic of China (PRC) over the last 30 years has generated many environmental problems and a concomitant rise in the number of environmental disputes. Until 1989, legal cases arising from these disputes were usually heard in the people’s courts of...

We review the enforcement of competition policy and the activities of Turkish Competition Authority during 1997-2000. Descriptive statistics are provided on the caseload handled, such as types of anti-competitive behavior investigated, breakdown of investigations by industry, violations found,...

This paper explores how the People’s Republic of China (PRC) can turn the challenges posed by the current global economic crisis into opportunities for a more prosperous future. The paper proposes a one-time sharp increase of government investments in the country’s successful albeit...

We revisit the analysis of subscription equilibria in a full fledged general equilibrium model with public goods. We study the case of a nonprofit, or public, firm that produces the public good using private goods as inputs, which are to be financed by voluntary contributions (subscriptions) of...

Turkey’s customs union with the European Union in 1996 increased considerably import penetration in manufacturing while not significantly affecting the share of EU in Turkey’s trade. The study analyzes whether this impetus had a marked impact on the productive and industrial structure of...

We explore various aspects of mergers and acquisitions in the banking industry within a simple model that allows explicit comparison of sector performance before and after the mergers and acquisitions. The industry structure we look at involves a few dominant banks and a competitive fringe,...