Erinç Yeldan

Email: yeldane@bilkent.edu.tr
Contact Number: +90 312 290 1659
Office: A102
Personal Homepage: http://www.bilkent.edu.tr/~yeldane/

EDUCATION
Ph.D in Economics, Minnesota University, 1988.
B.A. in Economics, Bogaziçi University, 1982.

FIELDS OF SPECIALIZATION

Contemporary issues in international trade and macro economic policy; endogenous growth; financial liberalization; balance of payments disequilibria; issues of macro stabilization. Use of quantitative methods in macro economic models; computable general equilibrium modeling for policy analysis. The Turkish economy.

PUBLICATIONS
• “Interest Rate Smoothing and Macroeconomic Instability under Post-Capital Account Liberalization Turkey”, Canadian Journal of Development Studies, (2010) in print
• “Economics of Environmental Policy in Turkey: A General Equilibrium Investigation of the Economic Evaluation of Sectoral Emission Reduction Policies for Climate Change”,with C. Telli and  E. Voyvoda, Journal of Policy Modeling, 30(1), pp. 321-340 (2008)
• Türkiye Ekonomisi, Anadolu Üniversitesi Yay. No 1579. 2004. (with Nurhan Yentürk, Ahmet Köse, Cem Somel and Gökhan Günaydýn)
• Ýktisat Üzerine yazýlar I: Küresel Düzen, Birikim Devlet ve Sýnýflar (Korkut Boratav’a Armaðan) Edited. Ýstanbul: Ýletiþim Yayýnlarý, 2003. (with A.H. Köse and F. Þenses)
• Ýktisat Üzerine yazýlar II: Ýktisadi Kalkýnma, Kriz ve Ýstikrar (Oktar Türel’e Armaðan) Edited. Ýstanbul: Ýletiþim Yayýnlarý, 2003. (with A.H. Köse and F. Þenses)
• Küreselleþme Sürecinde Türkiye Ekonomisi: Bölüþüm. Birikim. Büyüme, Istanbul: Iletiþim Yay. 2001.
• “Managing Turkish Debt: An OLG Investigation of the IMF’s Fiscal Programming Model for Turkey” Journal Of Policy Modeling, forthcoming. (with Ebru Voyvoda).
• “Turkey: Economy, Politics and Society in the Post-Crisis Era” Review of International Political Economy, forthcoming in August 2005. (with Ümit Cizre).
• “Real Wages, Profit Margins And Inflation In Turkish Manufacturing Under Post Liberalization” Applied Economics, forthcoming. (with Aslý Gunay and Kivilcim Metin-Ozcan)
• “IMF Programs, Fiscal Policy and Growth: Investigation of Macroeconomic Alternatives in an OLG Model of Growth for Turkey” Comparative Economic Systems, vol 47, pp. 41-79, 2005. (with Ebru Voyvoda).
• “Analyzing Macro-Poverty Links of External Liberalization: Gaps, Achievements, and Alternatives” Development Policy Review, vol 23, No 3, pp. 285-298, May 2005. (with Bernhard G. Gunter and Lance Taylor). • “Measuring Exchange Rate Mis-alignment in Turkey” Applied Economics, “Measuring Exchange Rate Mis-alignment in Turkey” Applied Economics, 36: 1839-1849. 2004. (with Ümit Özlale).
• “Türkiye Ekonomisi’nde Dýþ Borç Sorunu Ve Kalkýnma Stratejileri Açýsýndan Analizi” Çalýþma ve Toplum, 1(1):1-30. 2004.
• "Macroeconomics of Turkey’s Agricultural Reforms: An Intertemporal Computable General Equilibrium Analysis", Journal of Policy Modeling, 25: 617-637, 2003.  (with Fatma Dogruel and Suut Dogruel).
• “Introduction: The Rising hegemony of Global Finance and the Demise of Development” Canadian Journal of Development Studies, 24(2): 211-213, June, 2003
• “Patterns of Financial Capital Flows and accumulation in the Post-1990 Turkish Economy” Canadian Journal of Development Studies, 24(2): 250-265, June, 2003. (with Gül Biçer)
• “On The Structural Weaknesses Of The Post-1999 Turkish Dis-Inflation Program” Turkish Studies Quarterly, 4(2): 53-66, Summer, 2003. (with Ahmet Ertugrul)
• “On the Differential Impact of the Asian Crisis on the World Economy: A General Equilibrium Perspective”, Pacific Economic Review, 7(3): 519-543, 2002. (with Xinshen Diao and Wenli Li).
• "The Impact of the Liberalization Program on the Price-Cost Margin and Investment of Turkey’s Manufacturing Sector after 1980" Emerging Markets Finance and Trade, September-October, 38(5): 72-101, 2002. (with K. Metin-Ozcan and E. Voyvoda).
• “Patterns of Productivity Growth and the Wage Cycle in Turkish Manufacturing”, International Review of Applied Economics, 15(4):375-396, 2001. (with E. Voyvoda).
• “On the Macroeconomic Impact of the August, 1999 Earthquake in Turkey: A First Assessment” Applied Economics Letters, 8:483-488, 2001. (with Faruk Selcuk)
• “Dynamics of Macroeconomic Adjustment in A Globalized Developing Economy: Growth, Accumulation and Distribution, Turkey 1969-1998” Canadian Journal of Development Studies, 22(1): 217-253, 2001. (with K. Metin-Ozcan and E. Voyvoda).
Is This the End of Economic Development?” Structural Change and Economic Dynamics 11:95-109, 2000. (with Irma Adelman).
• “Minimum Conditions for a Financial Crisis: A Computable General Equilibrium Analysis with a Multiregional Intertemporal Model” World Development, 28(6): 1087-1100, 2000. (with Irma Adelman).
• “Politics, Society and Financial Liberalization: Turkey in the 1990s” Development and Change, 31(2): 481-508, 2000. (with Umit Cizre-Sakallioglu).
• “How the Asian Crisis Affected the World Economy: A General Equilibrium Perspective” Federal Reserve Bank of Richmond Economic Quarterly 86(2): 35-59, 2000. (With X. Diao and W. Li).
• “A Plea for Greater Attention to Data in Policy Analysis” Journal of Policy Modeling, 21(7): 851-873, 1999. (with Jean Mercenier).
• “Strategic Policies and Growth: An Applied Model of R&D-Driven Endogenous Growth”, Journal of Development Economics, Vol 60: 343-380, 1999. (with Xinshen Diao and Terry Roe).
“How Fiscal Mis-Management May Impede Trade Reform: Lessons from An Intertemporal, Multi-Sector General Equilibrium Model for Turkey”, The Developing Economies, 1999, 37(1): 59-88. (with Xinshen Diao and Terry Roe).
• “Fiscal Debt Management, Accumulation and Transitional Dynamics in a CGE Model for Turkey” Canadian Journal of Development Studies, vol XIX, No 2, PP.343-375, 1998. (with Xinshen Diao and Terry Roe)
“An Endogenous Growth CGE Model of the Japanese Economy: The Implications of Trade Policy and R&D Promoting Policy” METU Studies in Development, 25(1): 13-46, 1998. (with Xinshen Diao and Terry Roe).
• “On Structural Sources of the 1994 Turkish Crisis: A CGE Modeling Analysis” The International Review of Applied Economics, 12(3): 397-414. 1998.
• “A Simple Dynamic Applied General Equilibrium Model of A Small Open Economy: Transitional Dynamics and Trade Policy”, Journal of Economic Development, 23(1): 77-101. 1998. (With Xinshen Diao and Terry Roe).
• “Turkish Economy in the 1990’s: An Assessment of Fiscal Policies, Labor Markets and Foreign Trade” New Perspectives on Turkey, 18: 51-78, Spring 1998. (with Ahmet Kose)
• “On Turkey’s Trade Policy: Is a Customs Union with Europe Enough?” European Economic Review, 41(3-5): 871-880. 1997. (with Jean Mercenier).
• “Financial Liberalization and Fiscal Repression in Turkey: Policy Analysis in a CGE Model with Financial Markets” Journal of Policy Modeling, 19(1):79-117.1997.
• “On The Construction of an Intertemporal World Model of Growth, Accumulation and Trade: Transitional Dynamics, Calibration Strategy and Simulation Analysis” METU Studies in Development, 1997, 24(4): 447-482. (with Xinshen Diao).
• “The Rural Economy under Turkish Structural Adjustment and Financial Liberalization: Results of a Computable Household Model for Turkey” Canadian Journal of Development Studies. 27(3): 427-447. 1996. (With Erol Çakmak and Osman Zaim).
• “How the Doctor’s Prescriptions May Fail: Environmental Policy under Alternative Market Structures” METU Studies in Development 23(4):577-600. 1996. (with Terry Roe).
• “Türk Ekonomisinde Krizin Olusumu, 1990-1993: Bir Genel Denge Analizi”, METU Studies in Development 23(3):427-476. 1996.
• “The Macroeconomic Adjustment in Turkey, 1981-1992: A Decomposition Exercise” Yapý Kredi Economic Review, 7(1):3-19. 1996. (With Korkut Boratav and Oktar Türel).
• “Çok Sektörlü Hesaplanabilir Genel Denge Modellerinin Veri Tabaný Üzerine Notlar: Türkiye 1990 Sosyal Hesaplar Matrisi” METU Studies in Development, 23(1): 59-83. 1996.  (With Ahmet Köse).
• “Dilemmas of Structural Adjustment and Environmental Policies under Instability: Post-1980 Turkey” World Development, 24(2): 373-393, 1996. (With Korkut Boratav and Oktar Türel).
• “Surplus Creation and Extraction under Structural Adjustment: Turkey, 1980-1992” Review of Radical Political Economics, 27(2): 38-72, June, 1995.
• “The Turkish Economy in 1981-92: A Balance Sheet, Problems and Prospects” METU Studies in Development 22(1): 1-36, 1995 (With Korkut Boratav and Oktar Türel).
• “The Role of Agriculture in the Structural Adjustment Experience of Turkey” Cahiers d’Economie et Sociologie Rurales, No 33: 33-54, 1994 (With Erol Çakmak).
• “Distributional Dynamics in Turkey under ‘Structural Adjustment’ of the 1980’s” New Perspectives on Turkey, 11:43-70, Fall, 1994. (With Korkut Boratav and Oktar Türel).
• “The Role of Agriculture in the Structural Adjustment Experience of Turkey: A General Equilibrium Analysis” pp. 221-276 in “Food and Agricultural Policies in The Middle East and North Africa” Cahiers Options Mediteraneennes, vol. 7. 1994 (with Erol Çakmak).
• “Conflicting Interests and Structural Inflation: Turkey, 1980-1991”Pakistan Development Review, Autumn, 32(3): 303-327, 1993.
• “Reflections on Asset-Backed Securitization in Turkey: Results of A Financial CGE Model” METU Studies in Development, 20(3): 325-356, 1993. (with Güven Sak).
• “The Pure Theory of Trade in A Dynamic Open Economy with Sluggish Physical Capital” METU Studies In Development, 18(3): 283-305, 1991.
• “Why Do Private Agents Rent-Seek? Political Economy as a Case in Prisoner’s Dilemma” METU Studies in Development, 18(3): 237-254, 1991.  (with Terry Roe).
• “Political Economy of Rent-Seeking under Alternative Trade Regimes” International Review of Economics (Weltwirtschaftliches Archives), 127(3): 563-583, 1991. (with Terry Roe).
• “Growth Oriented Adjustment to External Shocks: An Application to Turkey” The Developing Economies, March 29(1): 54-74, 1991.
• “Ihracata Yönelik Sanayileþme ve Bölüþüm-Uyumsuz Büyüme: Türkiye, 1980-1989” Boðaziçi University Journal of Economics and Administrative Sciences, Summer 4(2): 323-333, 1990.
• “A General Equilibrium Investigation of The Optimality of Turkish Structural Adjustment to the 1979-Oil Shock” METU Studies in Development, January 1(2): 25-72, 1990.
• “Constructing A Computable General Equilibrium Model for Policy Analysis: Calibration and Applications for Turkey, 1981”BoðaziçiUniversity Journal Of Economics and Administrative Sciences, Summer 3(2): 161-187, 1989.
• “Optimal Adjustment to Trade Shocks under Alternative Development Strategies” Journal of Policy Modeling, 11(4): 451-505, 1989. (with Irma Adelman, D. Roland-Holst & Alexander Harris).
• “Structural Adjustment and trade in Turkey: Investigating the Alternatives ‘Beyond Export-led Growth’” Journal of Policy Modeling, 11(2): 273-296, 1989.
• “Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey” in Adjustment Policies, Poverty and Unemployment: The IMMPA Framework, ed. Pierre-Richard Agénor, Alejandro Izquierdo and Henning Tarp-Jensen. Forthcoming in 2005 by Basil Blackwell: Oxford University Press.
• “The Middle East and North Africa: The Peripheral Agents of the Global Casino Capitalism” in Real World Economic Outlook, 2004. Ed. Ann Pettifor, forthcoming from: New York: Palgrave Macmillan.
• “On the Structural Weaknesses of the post-1999 Turkish Disinflation Program” in The Turkish economy in Crisis (ed Ziya Onis and Barry Rubin), pp.53-66, 2003. London: Frank Cass. (with Ahmet Ertugrul).
• “Outlook for the Middle East: Unfulfilled Promises and Devastation” in Real World  Economic Outlook: The Legacy of Globalization debt and deflation ed. Ann Pettifor, pp.75-83, 2003. New York: Palgrave Macmillan.
• “Neoliberalizmin Ýdeolojik Bir Söylemi Olarak Küreselleþme” in A.H. Köse, F. Þenses and E. Yeldan) (editors) Ýktisat Üzerine yazýlar I: Küresel Düzen, Birikim Devlet ve Sýnýflar (Korkut Boratav’a Armaðan)  Ýstanbul: Ýletiþim Yayýnlarý, 2003.
• Eðitim Yönlü Bir Endojen Büyüme Modelinde Türkiye Ekonomisi Ýçin Borç Ýdaresi Alternatiflerinin Analiziin A.H. Köse, F. Þenses and E. Yeldan (editors) Ýktisat Üzerine yazýlar II: Ýktisadi Kalkýnma, Kriz ve Ýstikrar (Oktar Türel’e Armaðan) . Ýstanbul: Ýletiþim Yayýnlarý, 2003. (with Ebru Voyvoda).
• “Küreselleþmenin Neresindeyiz? Türkiye Ekonomisinde Borç Sorunu ve IMF Politikalarý” Petrol-Is 2000-2003 Yýllýðý pp. 105-113, 2003. Istanbul.
• “Küreselleþmenin Ekonomik Boyutlarý ve Güvenlik Stratejilerine Etkileri” T.C. GenelKurmay Baþkanlýðý, Birinci Uluslararasý Sempozyum Bildirileri, 29-3o Mayýs 2003, Istanbul, sf.5-15
• “On the IMF-Directed Disinflation Program in Turkey: A Program for Stabilization and Austerity or a Recipe for Impoverishment and Financial Chaos?” in N. Balkan and S. Savran (ed) The Ravages of Neo-Liberalism: Economy, Society and Gender in Turkey, New York: Nova Science Pub., 2002.
• “Peripheral Development under Financial Liberalization: The Turkish experience”, in N. Balkan and S. Savran (ed) The Ravages of Neo-Liberalism: Economy, Society and Gender in Turkey, New York: Nova Science Pub. 2002 (with Erol Balkan)
• “Globalization, Distribution and Social Policy: Turkey, 1980-1998” in L. Taylor (ed) External Liberalization and Social Policy, London and New York: Oxford University Press, 2002. (with Korkut Boratav and Ahmet Köse)
• “Turkey’s Strategic Trade Policy Alternatives in a World of Multi-Polar Trade Blocs: Lessons from an Intertemporal, Multi-Region General Equilibrium Model” J. von Hagen and M. Widgren (ed). Regionalism in Europe: Geometries and Strategies after 2000. Praeger. 2001. (with Xinshen Diao).
• “Trade Liberalization, Accumulation and Growth in an Archetype Model of Africa, South Asia, East Asia and Latin America” in Hazell (ed) Strategies for Stimulating Growth of the Rural Non-Farm Economy in Developing Countries, Baltimore: The Johns Hopkins Press. (With Terry Roe and Sherman Robinson).
• “Financial Liberalization in the Developing Countries: The Turkish Experience” in J. Fanelli and R. Medhore (ed.s) Financial Reform in Developing Countries, Houndmills, UK: MacMillan Press. 1998. (with Erol Balkan)
• “Interface of Export Expansion, Capital Accumulation and Distribution in Turkish Manufacturing, 1980-1988” in Togan & Balasubramanyan (eds) Turkey in the Process of Liberalization, Houndmills, UK: MacMillan Press. 1996.  (with Fatma Taskin).
• “The Economic Structure of Power in Turkey, 1980-1990: Prices, Growth and Accumulation” in Senses (Ed.) Industrialization Experience of Turkey in the 1980’s” Greenwood Press, 1994.

PROFESSIONAL EXPERIENCE:
Professor, Department of Economics, Bilkent University, November 1998-present.
Associate Professor, Department of Economics, Bilkent University, 1991-1998.
Visiting Associate Professor, Department of Applied Econ., Univ. of Minnesota, October 1994-August 1995.
Assistant Professor, Department of Economics, Bilkent University, 1988-1991.
Lecturer, Statistics Education Programme, State Institute of Statistics, Ankara, 1988-1990.
Research Associate, Department of Agricultural and Applied Economics, Univ. of Minnesota, 1987-1988.
Research Associate, Department of Agriculture and Resource Eco., Univ. of California, Berkeley, April 1988.
Adjunct Assistant professor, Hamline University, Spring 1988.
Lecturer, Master of Arts in Organizational Leadership Program, College of St. Catherine’s, 1987/1988.