This paper develops a set of leading indicators of industrial production growth and consumer price inflation for the period 2001-2010. The choice of indicators is based on pseudo out-of-sample forecasting exercise implemented by Stock and Watson (2003), amongst others. We find that asset prices...

Informality has long been a salient phenomenon in developing country labor markets, thus has been addressed in several theoretical and empirical research. Turkey, given its economic and demographic dynamics, provides rich evidence for a growing, heterogeneous and multifaceted informal labor...

The two major earthquakes which struck northwestern Turkey in 1999, caused enormous amounts of death and destruction, and exposed rampant government corruption involving construction and zoning code violations, as a factor magnifying the disaster. The opposition parties and one of the incumbent...

Several recent empirical studies have examined the gender effects of education on economic growth or on steady-state level of output using the much exploited, familiar crosscountry data in order to determine their quantitative importance and the direction of correlation. This paper undertakes a...

In this study, we examine the formal/informal sector earnings differentials in the Turkish labor market using detailed econometric ethodologies and a novel panel data set drawn from the 2006-2009 Income and Living Conditions Survey (SILC). In particular, we test if there is evidence of...

We modify the Additively Non-ignorable (AN) model of Hirano et. al. (2001) so that it is suitable for data collection efforts that have a short panel component. Our modification yields a convenient semi-parametric bias correction framework for handling endogenous attrition and substitution...

This paper focuses on the implications of private tutoring in Turkey for questions of equity regarding the provision of public education, based on an analysis of previously published research. The nature of the private tutoring and its relation to the two national selection examinations in...

This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the period from 1988 to 2008. Even if we fail to find a long-run relationship between aggregate output and total employment, there are long-run relationships for the aggregate output...

Während die politischen Beitrittsverhandlungen der EU mit der Türkei in den letzten Jahren keine großen Fortschritte vorzuweisen haben, entwickeln sich die bilateralen wirtschaftlichen Beziehungen sehr positiv. Mit einer stetigen Steigerung des Güterhandels ist die türkische Industrie heute...

Die Türkei ist im Ausnahmezustand, das Verhältnis zur EU gefährdet wie nie und die Chance auf einen EU-Beitritt ist gesunken. Statt der Diskussion über ungenutzte wirtschaftliche Potenziale rücken nunmehr die Fragen der Bewertungen der politischen Risiken in das Zentrum der Aufmerksamkeit....