Discussion Papers

The Discussion Papers of the Department of Economics are intended to make the initial results of research by faculty members available to a wider audience so as to stimulate discussion. It is to be understood that the papers have not gone through a formal editorial review, and that any views and results reported are solely the author(s)' responsibility.

| 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |


2011

Number Author Title
11-01 Bilin Neyapti Zafer Akin and Zeynep B. Cevik Does Fiscal Decentralization Promote Fiscal Discipline?

2010

Number Author Title
10-01 Burçin Kısaçıkoğlu Agency Costs, Fiscal Policy, and Business Cycle Fluctuations
10-02 Bahar Bayraktar SaÄŸlam & Selin Sayek MNEs and Wages: the Role of Productivity Spillovers and Imperfect Labor Market
10-03 Seda Köymen & Selin Sayek The Role of Human Capital In Productivity Spillovers from FDI: An Empirical Analysis on Turkish Manufacturing Firms
10-04 Farhad Husseinov Monotonic Extension
10-05 Bilin Neyapti & Nazire Nergis Dincer Macroeconomic Impact of Bank Regulation and Supervision: A cross-country investigation

2009

Number Author Title
09-01 Kıvılcım Metin-Özcan & Koray Kalafatcilar Factors Influencing Relative Price of Goods and Services Sectors in Turkey: An Econometric Analysis
09-02 Bilin Neyaptı Performance of Monetary Institutions: Comparative Evidence
09-03 Sevim Kosem-Alp The (Ir)relevance of Inflation Persistence for Inflation Targeting Policy Design

2008

Number Author Title
08-01 Kıvılcım Metin-Özcan and Mustafa İsmihan Productivity and Growth in an Unstable Emerging Market Economy: The Case of Turkey, 1960-2004
08-02 Bilin Neyaptı Fiscal Decentralization and Deficits: International Evidence

2007

Number Author Title
07-01 Hakan Berument, Yılmaz Akdi, Seyit Mumin Cilasun & Hasan Olgun The Relationship between Different Price Indexes: A Set of Evidence from Inflation Targeting Countries
07-02 Hakan Berument and Ebru Yüksel Effects of Adopting Inflation Targeting Regimes on Infalation Variablity
07-03 Hakan Berument, Nildag Başak Ceylan and Eray Yücel The Differential Sectoral Effects of Policy Shocks: Evidence from Turkey
07-04 Hakan Berument, Magda Kandil and Nergiz Dincer The Effects of Exchange Rate Fluctuations on Economic Activity in Turkey
07-05 Taner Yigit and Banu Demir Announcements and Credibility under Inflation Targeting
07-06 Taner Yigit Inflation Targeting: An Indirect Approach to Assess the Direct Impact
07-07 Taner Yigit and Neil Arnwine What Fisher Knew About His Relation, We Sometimes Forget
07-08 Bilin Neyapti Zafer Akin and Zeynep B. Cevik Does Fiscal Decentralization Promote Fiscal Discipline?
07-09 Neil Arnwine Admissible Functional Forms in Monetary Economics

2006

Number Author Title
06-01 Hakan Berument, Bengisu Vural and BaÅŸak Ceylan The Effects of Japanese Economic Performance on Indonesia
06-02 Hakan Berument, Yılmaz Akdi and Cemal Atakan An Empirical Analysis of Istanbul Stock Exchange Sub-Indexes
06-03 Hakan Berument, Seyit Mümin Cilasun and Yılmaz Akdi The Relationship Between Different Price Indices: Evidence from Turkey
06-04 Hakan Berument, Nergiz Dinçer and Hasan Olgun The Center and Periphery Relations In International Stock Markets
06-05 Hakan Berument and Eray Yücel Production Boosting Effects of Football
06-06 Hakan Berument, Esin Gözpınar and Başak Ceylan Performance of Soccer on the Stock Market
06-07 Hakan Berument, Hasan Olgun and BaÅŸak Ceylan Inflation Uncertainty and Interest Rates: Is The Fisher Relation Universal
06-08 Farhad Huseyin Existence of the core in a heterogeneous divisible commodity exchange
06-09 Farhad Huseyin Existence of equilibrium, core and fair division in a heterogeneous divisible commodity exchange economy
06-10 Kıvılcım Metin-Özcan and Mustafa İsmihan The Growth Performance of the Turkish Economy: 1960-2004*

2005

Number Author Title
05-01 E. Kocenda, Ali M. Kutan, M. Taner Yigit Pilgrims to Eurozone: How Far, How Fast
05-02 Evren Özgür Utility Theorems with Topological Continuity Axioms
05-03 Bilin Neyapti, Nergiz Dinçer Legal Quality of Bank Regulation and Supervision and its Determinants: A Mixed Sample
05-04 Çağla Ökten The Effects of Privatization on Efficiency: How Does Privatization Work?
05-05 M. UÄŸur KarakaplanBilin NeyaptiSelin Sayek Aid and Foreign Direct Investment: International Evidence
05-06 Hakan Berument, M. Eray Yücel and Zübeyir Kilinç Business Cycles in Turkey and European Union Countries: A Perspective to the Membership
05-07 Hakan Berument, M. Eray Yücel and Onur Ince Success in Soccer and Economic Performance: Evidence from Besiktas-Turkey
05-08 Hakan Berument and Onur Ince Effect of S&P500’s Return on emerging markets: Turkish Experience
05-09 Hakan Berument Measuring Monetary Policy for A Small Open Economy: Turkey
05-10 Hakan Berument and Nergiz Dinçer Denomination Composition of Trade and Trade Balance: Evidence from Turkey
05-11 Hakan Berument and Eray Yücel Return and Maturity Relationships for Treasury Auctions: Evidence from Turkey
05-12 Hakan Berument and Burak Dogan The Asymmetric Effects of Government Spending Shocks: Empirical Evidence from Turkey
05-13 Hakan Berument and Nergiz Dinçer lThe Effects of Exchange Rate Risk on Economic Performance: The Turkish Experience
05-14 Cagla Okten Hasker and Kevin Hasker Intermediaries and Corruption

2004

Number Author Title
04-01 Mehdi Jelassi and Serdar Sayan Implications of Unequal Rates of Population Growth for Trade Revisited: Lessons from Closed Form Solutions to an Overlapping Generations General Equilibrium Model under Autarky and Trade Scenarios
04-02 M. Taner Yigit and Ali M. Kutan European Integration, Productivity Growth and Real Convergence
04-03 M. Taner Yigit and Ali M. Kutan Convergence of Candidate Countries to the European Union
04-04 B. Neyapti,F.Taskin and Murat Ungor Has European Customs Union Agrement Really Affected Turkey's Trade?
04-05 B. Neyapti, Kivilcim Metin-Ozcan and Osman Tuncay Aydas Determinants of Workers Remittances: The Case of Turkey
04-06 K. Hasker The Emergent Seed: Simplifying the Analysis of Dynamic Evolution
04-07 M. Taner Yigit Ali M. Kutan Effects of Transition and Political Instability on Foreign Direct Investment Inflows: Central Europe and the Balkans
04-08 N. Arnwine Fisher Equation and Output Growth

2003

Number Author Title
03-01 Bilin Neyapti Fiscal Decentralisation and Macroeconomic Performance: International Evidence
03-02 Mehdi Jelassi and Serdar Sayan Implications of Unequal Rates of Population Growth for Trade
03-03 Neil Arnwine and Bedriye Cubuk Cicioglu The Inflation Tax in a Cash-in-Advance Model with Variable Velocity
03-04 Cagla Okten Does The Bureaucracy Matter?
03-05 Hakan Berument and Hakan Tasci Monetary Policy Rules in Practice Evidence from Turkey
03-06 Engelbert Stockhammer The Effect of Wages on Migration From the Habsburg Monarchy to Northern America in 1910

2002

Number Author Title
02-01 Serdar Sayan Dynamic Heckscher-Ohlin Results from a 2x2x2x2 Overlapping Generations Model with Unequal Population Growth Rates
02-02 Hakan Berument Döviz Kuru Hareketleri ve Enflasyon Dinamiği: Türkiye Örneği
02-03 Hakan Berument Inflationary Effect of Crude Oil Prices in Turkey
02-04 Hakan Berument Burak Dogan Opennes and the Effectiveness of Monetary Policy: Empirical Evidence from Turkey
02-05 Kivilcim Metin-Ozcan Mustafa Ismihan and Aysit Tansel Macroeconomic Instability, Capital Accumulation and Growth: The Case of Turkey 1963-1999
02-06 Kivilcim Metin-Ozcan Determinants of Private Saving Behaviour in Turkey
02-07 Erdem Basci Bond Premium in Turkey
02-08 Taner Yigit Shortfalls of Panel Unit Root Testing
02-09 Taner Yigit Effects of Uncertainty on Credit Markets
02-10 Taner Yigit Effects of Moments on Aggregation and Long Memory in Inflation

2001

Number Author Title
01-01 Farhad Husseinov Relative Openness of an Integral of Correspondences: A Characterization of Polyhedral Convex Sets
01-02 Syed Mahmud and Eray Yucel Testing Marshall-Lerner Condition: A Non-Parametric Approach
01-03 Ramazan GencayFaruk Selcuk Overnight Borrowing, Interest Rates and Extreme Value Theory
01-04 Erdem Basci Ismail Saglam Bertrand-Edgeworth Equilibrium in a Cash-Advance Economy
01-05 Nur Ata and Erdem Basci Existence of Competitive Equilibrium under Financial Constraints and Increasing Returns
01-06 Alexandr Smirnov A Model of Government Borrowing and Debt Dynamics in A Transition Economy
01-07 Murat R. Sertel and M. Remzi Sanver Strong Equilibrium Outcomes of Voting Games are the Generalized Condorcet Winners
01-08 Serdar Sayan and Ali Emre Uyar Directions of Trade Flows and Labor Movements between high-and Low-Population Growth Countries: An Overlapping Generations General Equilibrium Analysis
01-09 Hakan Berument Public Sector Pricing Behavior And Inflation Risk Premium In Turkey
01-10 Hakan Berument and Asli Gunay Exchange Rate Risk and Interest Rate: A Case Study for Turkey

2000

Number Author Title
00-01 Neil Arnwine Transactions Period Length in Cash-in-Advance Models of Money Demand
00-02 Ivan Pastine and Tuvana Pastine Consumption Externalities, Coordination and Advertising
00-03 Ivan Pastine and Tuvana Pastine Coordination in Markets with Consumption Externalities: The Role of Advertising and Product Quality
00-04 Erdem Basci and Ismail Saglam Optimal Money Growth in A Limited Particpation Model with Heterogenous Agents
00-05 Erdem Basci, Sidika Basci and Gulnur Muradoglu Do Extreme Falls Help Forecasting Stock Returns? Evidence From World Markets
00-06 Ivan Pastine and Tuvana Pastine A Dynamic Small Open Economy Model of Migration and Real Wages
00-07 Bilin Neyapti Central bank Independence and Economic Performance in Eastern Europe
00-08 Ali Koc and Savaas Alpay Household Demand in Turkey: An Application of Almost Ideal Demand System with Spatial Cost Index
00-09 Ivan PastineandTuvana Pastine On Endogenous Leadership in Price Competition
09-10 Robert E. Cumby and Tuvana Pastine Emerging Market Debt: Measuring Credit Quality and Examining Relative Pricing
09-11 Nergiz Dincer and Bilin Neyapti Measuring the Quality of Bank Regulation and Supervision and its Macroeconomic Effects
00-12 Kivilcim Metin Ozcan, Erinc Yeldan and Ebru Voyvoda On the Patterns of Trade Liberalization, Oligopolistic Concentration and Profitablility: Reflections from Post-1980 Tukrish Manufacturing
00-13 Erinc Yeldan and Ebru Voyvoda Financing of Public Education in a Debt Constrained Economy: Investigation of Fiscal Alternatives in an OLG Model of Endogenous Growth for Turkey
00-14 Murat Sertel, Ipek Ozkal and Remzi Sanver Manipulability of the Men-(Women) Optimal Matching Rule via Endowments

1999

Number Author Title
99-01 Savas Alpay What Do We Know About the Interactions Between Trade and theEnvironment? A Survey of the Literature
99-02 Mahmut Ilerisoy and Syed Mahmud Real Money Balances in Production Function: A Translog Profit Function
99-03 Mehmet Caner Large Sample Theory for M-Estimators via Empirical Process Methods
99-04 Irma Adelman and Erinc Yeldan The End of The Developmental State? A General Equilibrium Investigation on the Sources of the Asian Crisis within a Multi-Region, Inter-temporal CGE Model forth comingin World Development
99-05 Kivilcim Metin-Ozcan,Ebru Voyvoda, and Erinc Yeldan Dynamics of Macroeconomic Adjustment in a Globalized Developing Economy: Growth, Accumulation and Distribution, Turkey 1969-1998
99-06 Bilin Neyapti and Secil Ozgur The Effects of Fiscal and Monetary Discipline on Budgetary Outcomes: The Case of the European Union
99-07 Bilin Neyapti Budget Deficits and Inflation: An Analysis in Light of the Roles of Central Bank Independence and Financial Market Development
99-08 Erdem Basci and Mehmet Orhan Reinforcement Learning and Dynamic Optimization
99-09 Erdem Basci and Ebru Voyvoda Bliss and Optimal Growth
99-10 Umit Cizre and Erinc Yeldan Dynamics of Macroeconomic Disequilibrium and Inflation in Turkey: The State, Politics, and the Markets under a Globalized Developing Economy
99-11 EbruVoyvoda and Erinc Yeldan Patterns of Productivity Growth and the Wage Cycle in Turkish Manufacturing
99-12 Levent Akdeniz, Aslihan Salih-Altay and Mehmet Caner An Empirical Investigationof Time Varying Betas via Threshold Models
99-13

Semih KorayAyca Kaya

A Characterization of Solution Concepts that Implement Monotonic Social Choice Rules

1998

Number Author Title
98-01 Xinshen Diao, Terry Roe and Erinc Yeldan Strategic Policies and Growth: An Applied Model of R&D Driven Endogenous Growth
98-02 Erdem Basci and Ismail Saglam On the Importance of Sequencing of Markets in Monetary Economies
98-03 R.Gencay and Faruk Selcuk A Visual Test of Normality for Econometric Models
98-04 Asad Zaman Random Coefficients and Heteroskedasticity
98-05 Turalay Kenc and Serdar Sayan Transmission of Demographic Shock Effects from Large to Small Countries: An Overlapping Generations CGE Analysis
98-06 R.Gencay , Serdar Sayan and Faruk Selcuk A Visual Test for Noise Filteringin Nonlinear Time Series
98-07 Sydney Afriat Revealed Preference Revealed
98-08 R.Gencay,Faruk Selcuk A Visual Goodness-of-Fit Test for Econometric Models
98-09 Bahri Yýlmaz The Role of Trade Strategies for Economic Development: A Comparison of Foreign Trade between Turkey and South Korea
98-10 Serdar Sayan Could Regional Economic Cooperation Generate Trade Creation and Trade Diversion Effects without Altering Trade Policies of Members? Preliminary Results from a Gravity Application toBSEC
98-11 Syed Mahmud The Energy demand in the Manufacturing Industry of Pakistan: Some Further Results
98-12 Nazmi Demir and Syed Mahmud Regional and Technical Efficiency Differentials in the Turkish Agriculture
98-13 Syed Mahmud Monetary Aggregation and Money in Production Function
98-14 Sidika Basci and Asad Zaman Variance Estimates and Model Selection
98-15 Sydney Afriat Utility Construction-Revisited
98-16 Xinshen Diao, Wenli Li and Erinc Yeldan Challenges and Choices inPost-Crisis East-Asia: Simulations of Investment Policy Reform in an Intertemporal, Global Model
98-17 Xinshen Diao and Erinc Yeldan Interface of Trade Liberalization, Accumulation and Growth in A World of Multi-Polar trade Blocs: Lessons from a Multi-Regional Global General Equilibrium Model
98-18 Erdem Basci Learning by Imitation in the Kiyotaki-Wright Model of Money
98-19 Mehmet Caner Least Absolute Deviation Estimation of a Threshold Model
98-20 Semih Koray Consistent Social Choice Functions Verify Arrow and Gibbard-Satterthwaite Theorems
98-21 Mehmet Caner and Bruce E. Hansen Threshold Autoregressions with a Near Unit Root
98-22 Graduate Students 98 and Erinc Yeldan Dynamics of Growth, Accumulation and Distribution in the post-1980 Turkish Economy: A Kaldorian General Equilibrium Interpretation
98-23 Mehmet Caner and Lutz Kilian A Direct test of the Emerging Consensus about Long-Run PPP

1997

Number Author Title
97-01 Faruk Selcuk A Brief Account of the Turkish Economy, 1987-1996
97-02 Ferhad Husseinov Boundary Behavior of Excess Demand and Existence of Equilibrium
97-03 Nader Habibi and F. M. Bagheri Political Institutions and Central Bank Independence: A Cross Country Analysis
97-04 Nader Habibi and M. Fardmanesh The Vulnerability of Expenditure Categories During Budget Cuts
97-05 Asad Zaman Consistency of F-Test and Applications
97-06 Asad Zaman Random Coefficients and Heteroskedasticity
97-07 Xinshen Diao and Erinc Yeldan On the Construction of an Intertemporal World Model of Growth, Accumulation and Trade: Transitional Dynamics, Calibration Strategy and Simulation Analysis
97-08 Haluk Ergin and Serdar Sayan A Microeconomic Analysis of Slavery in Comparison to Free Labor Economies
97-09 Xinshen Diao, Terry Roe and Erinc Yeldan How Trade and R&D Promotion Policies Affect Growth: An Applied General Equilibrium Analysis with Endogenous Growth

1996

Number Author Title
96-01 Syed Mahmud The Energy Demand in the Manufacturing Sector of Pakistan: Some Further Results
96-02 Xinshen Diao, E.H. Elbasha, Terry L.Roe and Erinc Yeldan An R&D Model of Endogenous Growth: Calibration, Steady-State and Transition Path Equilibria
96-03 Xinshen Diao, Terry Roe and Erinc Yeldan A Simple Dynamic Applied General Equilibrium Model of a Small Open Economy: Transitional Dynamics and Trade Policy
96-04 J. Mercenier and Erinc Yeldan On Turkey's Trade Policy: Is A Customs Union with Europe Enough?
96-05 Erol Balkan and Erinc Yeldan Financial Liberalization in Developing Countries: The Turkish Experience
96-06 Murat Yulek Liberalize to Grow or Growto Liberalize: Japanese Finance and Development During the High GrowthPeriod