A sovereign borrower seeks to raise funds internationally to finance a fixed-size project, which no single lender can finance alone. Lenders cannot lend more than their endowments, which are private information. A coordination failure arises; therefore, some socially desirable projects may not...

A sovereign borrower seeks to raise funds internationally to finance a fixed-size project, which no single lender can finance alone. Lenders cannot lend more than their endowments, which is private information. A coordination failure arises; therefore, some socially desirable projects may not be...

In this paper we investigate gender differences in job creation and destruction patterns in Turkey during a period of substantial trade liberalization. The primary findings are as follows. 1) In the manufacturing sector as a whole, net job creation rate for females at every skill level are...

This paper investigates the relationship between political instability and per capita GDP growth in a sample of 113 countries for the period 1950 through 1982. We define political instability as the propensity of a government collapse, and we estimate a model in which such a measure of political...

We investigate the relationship between export orientation and female share of employment in the Turkish manufacturing sector, during 1983-85, following the onset of export-led industrialization policies. Using plant-level data we find that female share of employment in a plant increases with...