Turkey undertook a far-reaching structural adjustment program in 1980. As an integral element of this program, financial liberalization was geared towards increasing domestic savings and directing them efficiently towards financing investment projects, a goal assumed to create positive impacts...

The Turkish economy has undergone drastic structural changes since 1980. While the effects of the Turkish adjustment programme have drawn considerable attention, a few studies have investigated its employment impacts. Unlike neoclassical expectation behind the structural adjustment programme,...

The North Cyprus economy has been under economic embargoes for many years, and has been struggling to eradicate the income difference with the south of the island with extremely limited facilities. Successive governments have accordingly developed distinctive responses to cope with these...

This paper analyses the sensitivity of firm performance to exchange rate fluctuations. In a two-country world, consisting of a developing domestic country and a developed foreign country, we show that this sensitivity is closely related with market structure and the share of imported inputs in...

After the economic turmoil in 2001, the Turkish economy quickly recovered, and exhibited distinguished economic performance in successive years without any interruption. This success can be considered as a product of favourable international economic conditions, sound macroeconomic reforms, the...

The Turkish economy has recently showed a remarkable performance in economic growth. This performance is particularly meaningful because it has occurred just after the worst economic crisis of the economy. Among other factors, the availability of high liquidity in international markets has...

En general, las diferentes teorias que se han planteado para explicar la inversion se basan en problemas de optimizacion dinamica cuyas soluciones cuentan con diferentes metodos. En dichos modelos, los valores optimos de las variables de control y de estado, etiquetadas como inversion y capital...

A diferencia de las expectativas bajo el enfoque neoclasicas detras del programa de ajuste estructural, algunos estudios de Turquia han demostrado que el cambio de politica en 1980 causo una disminucion en el empleo. Los resultados muestran que la estrategia de industrializacion de Turquia no...