Most studies about the shadow economy focus on the estimation of the aggregate size. However, this study aims to address the sectoral or micro aspects of this phenomenon using the data from the textile sector in Turkey. It uses discriminant analysis and ordered and logistic regression models to...

This paper investigates the trade effects of Turkey?s trade integration into the EU. To this end sectoral trade flows to the EU based on panel data from the period 1988 to 2002 are examined concentrating on Turkey?s sixteen most important export sectors. Emphasis is placed on the role of price...

The paper examines the applicability of GDP-linked bonds for the financing of developing countries and emerging markets. GDP-linked bonds are bonds of which the coupon and/or redemption payments are tied to the GDP of the issuing country. The study encompasses a detailed empirical analysis of...

Im Dezember 2004 hat der Europäische Rat einstimmig beschlossen, Beitrittsverhandlungen mit der Türkei aufzunehmen. Auch wenn erst nach einem erfolgreichen Abschluss über eine endgültige Mitgliedschaft entschieden wird, dürfte nach dieser kaum noch zu revidierenden Zusage an die türkische...

In der Wertschöpfung der türkischen Landwirtschaft hat die Obst- und Gemüseproduktion große Bedeutung und Tafel- und Industrietomaten sind wiederum das wichtigste Einzelprodukt unter den Gemüsesorten. Das Papier beschreibt die Struktur und Entwicklung des Sektors seit den 1990-er Jahren und...

The world is experiencing its worst recession in 80 years. What started as US sub-prime financial turmoil has developed into the first global recession since the infamous 'Great Depression' of the early 1930s. However gloomy the perspectives for the very short term are, there will be a recovery...

This paper estimates demand elasticities for the Turkish mobile telecommunication market. In contrast to most other studies, firm level data is used to estimate dynamic panel data models including instrumental variable techniques. Both short- and long-run elasticities are calculated, yielding a...

Turkey's position relative to Europe is analyzed from three different perspectives, i.e (i) the semi-official perspective of the Copenhagen criteria, the Maastricht criteria and the Lisbon strategy, (ii) the perspective of comparative surveys, and (iii) the perspective of key European worries...

In this paper we aim to analyze the productivity spillovers of foreign affiliated and domestic firms in Turkish manufacturing industries. As a novelty inter-sectoral linkages are modeled through the use of spatial models. Our results indicate the existence of positive and significant...

The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The New Keynesian Phillips Curve (NKPC) has recently set up...