20th century witnessed Istanbul's unexpected and tumultuous economic, politic, social and spatial transformation. In the first quarter of the 20th century, Istanbul lost half of its population and went through a stagnated duration; however the city regained its importance and former population...

Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...