Corporate governance has drawn much attention with recent managerial misbehavior and corporate scandals. Various laws and reports around the world came up with propositions and regulation to restore confidence and reinforce investor protection. La Porta, Lopez, Shleifer and Vishny (LLSV...

For many observers, Turkey’s performance during the “2007+ global financial crisis”1 was puzzling. In the first half of the 2009, Turkey was one of the worst affected countries in the world. In addition, the Turkish government was too slow to react, and the measures taken seemed...

Recent literature suggests that a proactive strategy consisting of deliberate real exchange rate depreciation can promote exports diversification and growth. This paper is built on these recent developments and investigates whether four developing countries have adopted such a strategy. Data...

While the demand for higher education increased sharply between 1995-2005, Palestinian academic institutions (universities and community colleges) continued to suffer from budget deficits., Meanwhile, the role of the private sector in financially supporting the academic institutions is still...

This paper considers theoretically and empirically natural resources' effect on growth using a two sector-model (resource and non-resource). Governments tax the non-resource sector and choose institutional quality, which determines productivity in the non-resource sector and the governments'...

The objective of this paper is to explore the feasibility and efficiency of inflation targeting as a new monetary strategy in Morocco. Inflation targeting (IT) is a strategy that aims primarily at controlling inflation and makes it its main objective, but it goes well beyond the simple adoption...

This paper examines the strategies of Middle Eastern and North African (MENA) countries concerning growth-enhancing institutions and policies. Long-term economic growth depends crucially upon the quality and robustness of a country's institutions. The fundamental institutions are typically...

This paper first describes the educational system in Turkey and the two national examinations for advancing to upper levels of schooling, which spur demand for private tutoring called “dersane” in Turkish. Second, the evolution of Private Tutoring Centers (PTCs) is described and compared...

It is fair to say that the 2007 Credit Crisis was born a year ago, in August 2007. Since its onset, economists and finance experts have been conjecturing whether as a result, the world economy will be moving into a depression and at what final cost? By the end of 2007, the United States and...

In the aftermath of the 2000-2001crisis the banking sector in Turkey was in turbulence requiring immediate action. The rescue operation sky-rocketed the public debt-to-gross domestic product ratio. The fiscal dominance caused by high public debt put a severe constraint on the conduct of monetary...