1st Edition

The Turkish Economy The Real Economy, Corporate Governance and Reform

Edited By Sumru G. Altug, Alpay Filiztekin Copyright 2006
    324 Pages
    by Routledge

    324 Pages
    by Routledge

    Including contributions from noted international scholars, this collection of papers provides a strong theoretical and empirical underpinning for the discussion of major public policy issues facing Turkey today. Matters addressed include:

    • determinants of growth and productivity
    • education and human capital accumulation
    • income inequality
    • corporate control and government
    • performance of the government sector
    • impact of major public policy issues on the future growth prospects of the Turkish economy.

    This volume relates the impact of major public policy issues on the future growth prospects of the Turkish economy. At a time when Turkey is currently attempting to gain membership to the European Union, this pertinent reference questions whether the country's economy is in fact ready for EU accession and membership.

    Contents  Contributors List of Tables and Figures  Preface  Part I: The Real Economy  1. Productivity and Growth, 1923-2003 Sumru Altug and Alpay Filiztekin  2. Income and Consumption Inequality for Turkey: What Role Does Education Play? Burcu Duygan and Nezih Güner  3. Female Labor Supply in Turkey Insan Tunali and Cem Baslevent  4. A Disaggregated Analysis of Price Dynamics Mustafa Çaglayan and Alpay Filiztekin  Part II: The Corporate Sector  5. Capital Structure Decisions of Turkish Firms Yilmaz Güney, Aydin Özkan, and Kürsat Yalçiner  6. Firm-level Profitability, Liquidity, and Investment B. Burçin Yurtoglu  7. Ownership Concentration and Corporate Performance of Turkish Companies Halit Gönenç  Part III: The Government Sector and Reform  8. Privatization: What has been achieved? Çagla Ökten  9. The Political Economy of Pension Reform  Serdar Sayan  10. The Turkish Banking Sector: A Rough Ride From Crisis to Maturation  Ali Tükel, Murat Üçer and Caroline Van Rijckeghem  Bibliography  Index

    Biography

    Sumru Altu? is professor at the College of Administrative Sciences and Economics at Koç university in Istanbul. Her fields of interest include business cycles, investment, productivity and growth, intertemporal models of consumption and labour supply, and financial markets. Her previous publications include Dynamic Choice and Asset Markets (Academic Press, 1994) with Pamela Labadie, and Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium (Cambridge University Press, 2003) with Jagjit Chadha and Charles Nolan.
    Alpay Filiztekin is an Associate professor in the Faculty of Arts and Social Sciences at Sabanci University in Istanbul. His fields of research include growth theory, regional economics, productivity dynamics and real costs of inflation.

    'This volume offers a strong collection of articles, each covering a different aspect of economic life in Turkey...I find The Turkish Economy to be a welcome addtion to the literature' - Tolga Koker, Yale University, International Journal of Middle East Studies, 2008