The Uruguay Round Agreement on Agriculture classified some subsidies as "Green Box" measures and presuming that they would not distort production/trade patterns, kept them outside the AMS reduction commitments. This study investigates the validity of this view through simulation results from SAM...

Over the past decades, different Mediterranean countries have sent considerable numbers of workers to the EU area, generating sizable amounts of foreign exchange receipts through the remittances these guest workers have transferred back home. In some instances, however, the share of remittances...

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We investigate whether remittances sent to Turkey by Turkish workers living in Germany are countercyclical or procyclical with Turkish and German national outputs and discuss the possible reasons underlying the resulting patterns and their implications. We also take up a previously unexplored...

The recently started process of social security reform in Turkey is widely argued to have a significant potential to affect the direction of further development of financial markets in the country in the years ahead, particularly through the planned introduction of privately managed...

The relative concentration with respect to export markets and products makes export receipts of Turkey vulnerable to fluctuations in the demand conditions. Given that most of the Turkish exports face intense competition from close substitutes produced in other countries, avoiding large...

Based on the similarity of productive activities carried out by sectors, national input-output (IO) matrices may be divided into sub-matrices each representing a broader group of sectors called blocks. The strength of linkages among sectors that belong to different blocks would then show the...