Economic growth is important in all countries; in particular, it is one of the main economic objectives of developing countries. In general, developed countries are expected to maintain a certain growth rate; it is desirable ...

After the 2008 Global Financial Crisis (GFC), it has become very important for central banks to aim not only price stability but also financial stability. For that reason, the policy makers have had to reconsider the ...

This thesis investigates the effects of oil prices on the Turkish economy in three separate yet related empirical studies. Motivated by structural instabilities pointed by pioneering studies in the related literature, ...

After the collapse of the Soviet Union, capitalism became the dominant economic system that attracted academia to the subject. While most of the studies on capitalism put “state” at the center of their analysis/theories, ...

Economic policies are designed to eliminate vulnerabilities while also increasing the welfare of the citizens. Yet, some undesirable factors could hinder these goals by distorting the functioning of the financial system, ...

Economic diversification is a critical issue for the sustainability of growth due to its dynamic learning effect and risk-spreading dimension. To understand how the productive structure evolves in the economy, it is important ...

The conflicts in Syria started at year 2011 and series of events resulted with a massive amount of people to migrate some other countries. Turkey hosts the highest number of Syrian refugees in the World, about 3.6 million ...

Economic growth has attracted the attention of economists throughout history. However, until the Augmented Neo-Classical Growth Model developed by Mankiw, Romer and Weil, growth theories ignored the human capital factor. ...

The increase in political, economic and financial integration between countries affect the international market linkages. As a result of globalization in finance, a financial crisis occurred in one country can easily spread ...

Incentives are one of the most important economic policies implemented in order to direct the investment decisions of economic units. Incentives are implemented by countries for various purposes such as directing investments ...