The East Asian financial crisis exposed the problems of excessive government intervention in credit allocation and poor supervision of the banking system. We argue that the crisis is an opportunity to reformulate the strategies of growth by way of eliminating politicized intervention on...

Two years and more have passed since the outbreak of the East Asian Financial crisis in 1997. Although international economic and financial conditions deteriorated somewhat in the wake of the crisis, the world economy escaped a “global slump.” Using an intertemporal general equilibrium model...

With the aid of an intertemporal, multi-region general equilibrium model, we studyissues of agricultural trade liberalization, growth and capital accumulation in the context of aworld economy moving towards a multi-polar structure. We specifically focus on Turkey, theEuropean Union, the Middle...

With the aid of an intertemporal, multi-region general equilibrium model, the authors study issues of agricultural trade liberalization, growth and capital accumulation in the context of a world economy moving towards a multi-polar structure. They specifically focus on Turkey, the European...

An R&D based endogenous growth - applied general equilibrium model is developed from an underlying analytical model which combines Romer's capital variety with Grossman and Helpman's multi-sector open economy model. The transitional dynamics of the analytical model are derived. For numerical...

We utilize a multi-sector general equilibrium model based on intertemporally optimizing agents to study issues of trade liberalization and fiscal adjustments in the context of the Turkish economy. A key feature of the model is its explicit recognition of the distortionary consequences of...