Auctions play an important role in economics. In their most basic form, they are one of the ways in which various commodities, financial assets and concession rights are allocated to individuals and firms, particularly in a market-oriented setting. An auction is a market institution with an...

This study provides empirical estimates for new residential homes demand function in Turkey using the time series data for the period 1964-2004. An aggregate demand function for new private dwellings in Turkey is formed and is estimated using bounds testing cointegration procedure proposed by...

Since the start of the 1990s, several countries have abandoned fixed- but-adjustable exchange rate regimes. The tendency towards floating exchange rate regimes, or alternatively monetary unions, has given rise to a debate on the disappearance of pure currency crises, and the literature has...

This paper empirically analyses the stability of the narrow money demand function (M1) in Turkey for the period 1950-2002. As part of the IMF-sponsored stabilisation programme, Turkey has been pursuing base money targets. To ascertain whether this policy framework satisfies the necessary...

This study brifly looks into the process of Turkey into the world economy and concludes that this process has been accelareted in the 1990s.

This is the first study evaluating publication performances of economists and economics departments in Turkey. Findings show wide gaps between the Top-Five economics departments and economists affiliated to these universities and the others. Publication patterns of Turkish economists are the...

This paper investigates the effects of exchange rate fluctuations on Turkish manufacturing employment and wages using data for a panel of manufacturing industries over the period 1981-1999. The net effect of depreciations are found to be negative for both employment and wages, though the effects...

We postulate a new method of identifying debt which we call Debt Burden (DB). We claim that DB reveals the true debt obligations of the fiscal authority. It is more accurate and transparent. Hence, DB would serve fiscal authority much better in policy making. It is powerful in a sense that it is...

Ham petrol ithal fiyatlarindaki degismeler dolayisiyla akaryakit urunlerinin yurtici fiyatlarinda meydana gelen degismelerin Turkiye'deki olasi enflasyonist ve/veya deflasyonist etkileri, Kibritcioglu ve Kibritcioglu (1999) tarafindan kuramsal ve olgusal bilgiler isiginda sematik ve ampirik...

The existing economic literature on the black economy and its measurable size is mainly based on industrialized western countries. This paper, however, tries to estimate the size of the black economy empirically in the case of a developing country: Turkey. According to the monetary approach that...