Browsing by Author "Togan, Sübidey"
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Item Open Access Analysis of the impact of EU enlargement on the agricultur al markets and incomes of Turkey(World Bank, 2005) Togan, Sübidey; Bayener, A.; Nash, J.; Hoekman, B. M.; Togan, SübideyItem Open Access Central, East European, Baltic and Turkish Economies: a view to future membership in the EU(The American University in Cairo Press, 1998) Togan, Sübidey; Safadi, R.Item Open Access The Changing pattern of competitiveness in MENA countries(Cairo:ERF, 2003) Togan, Sübidey; Togan, SübideyItem Open Access The customs union agreement between Turkey and European Union(European Institute of Public Administration, 1997) Togan, Sübidey; Hosli, M. O.; Saether, A.Item Open Access Determinants of economic growth in Turkey(Palgrave Macmillan, London, 1998) Togan, Sübidey; Shafik, N.Rapid, sustained economic growth is one of the main objectives of Turkish policymakers. Because total factor productivity plays a big role in growth, policies that increase education levels, achieve more equitable distribution of income, and secure high rates of investment are essential. In addition, prudent macroeconomic policies are needed to avoid balance of payments crises, eliminate industrial incentives that inhibit competition, and further lower nominal and effective rates of protection.Item Open Access Economic implications of EU accession for Turkey(World Bank, 2005) Togan, Sübidey; Hoekman, B. M.; Togan, SübideyItem Open Access Epilogue(Cairo:ERF, 2003) Togan, Sübidey; Togan, Sübidey; Kheir-El-Din, H.Item Open Access EU maritime rules and transport sector policy reform in Turkey(Kluwer Law International, 2007) Togan, Sübidey; Lee, Y. -S.Item Open Access The influence of money and the rate of interest on the rate of inflation in a financially repressed economy: The case of Turkey(1987) Togan, SübideyThis study takes as its task the explanation of movements in the rate of inflation. It seeks to discover the dynamic process by which monetary expansion and changes in the rate of interest have their effects upon the level of prices.Item Open Access Introduction(Palgrave Macmillan, London, 1996) Togan, Sübidey; Balasubramanyam, V. N.; Togan, Sübidey; Balasubramanyam, V. N.The dominant theme in development economics in recent years is the liberalization programmes undertaken by a number of developing countries, either unilaterally or as a part of the World Bank structural adjustment lending programmes. One such programme, which poses a number of analytical issues, is that undertaken by Turkey in 1980. Although Turkey experimented with liberalization of the economy during the 1970s, the measures she implemented then were half-hearted and spasmodic. The 1980 reform package, in contrast, was comprehensive and bold, including not only liberalization of the foreign trade regime but also widespread financial reform and macroeconomic stabilization policies. The economic consequences of the experiment continue to be a matter of debate. The new regime, which came into office in 1993, headed by Mrs Tanau Ciller, a former Professor of Economics, continues to battle with an inflation rate of 109 per cent (the latest figures for percentage change in CPI over the last twelve months), a declining lira and a sizeable public sector borrowing requirement amounting to 16 per cent of the country’s GNP. It is all too easy to lay the blame for the current economic problems at the door of the 1980 reforms, dubbed ‘the infamous package’ by certain sections of the financial press. Whether or not the current economic problems are a consequence of the reforms is arguable.Item Open Access Introduction(Palgrave Macmillan, 2001) Togan, Sübidey; Balasubramanyam, V. N.; Togan, Sübidey; Balasubramanyam, V. N.The papers that make up this volume were presented at the conference on Turkey, Central and East European (CEE) countries and the EU, held at Bilkent University, Ankara, Turkey, on 9–10 March 1996. A legal structure that promotes entrepreneurship, competition and the institution of prudent monetary and fiscal policies is a prerequisite for membership of the EU. This volume analyses these and related issues in the context of the Turkish and CEE economies.Item Open Access An inventory of Turkey’s international trade and investment agreements(Springer, Dordrecht, 1996) Togan, Sübidey; Kuyvenhoven, A.; Memedovic, O.; van der Windt, N.Turkey has one of the largest economies in the Middle East. It also has a border with the European Union (EU) which is its main trading partner. As Table 10.1 shows, the EU accounted for more than half of Turkish exports while the share of Turkish imports from the EU was over 40 per cent at the beginning of the 1990s.Item Open Access Investment incentives and conditions of competition in Turkey(Cairo:ERF, 2003) Togan, Sübidey; Togan, Sübidey; Kheir-El-Din, H.Item Open Access Labor market flexibility in Turkey(Cairo:ERF, 2003) Togan, Sübidey; Togan, Sübidey; Kheir-El-Din, H.Item Open Access Macroeconomic policies for Turkey’s accession to the EU(World Bank and Centre for Economic Policy Research-CEPR, 2005) Togan, Sübidey; Ersel, H.; Hoekman, B. M.; Togan, SübideyThis chapter investigates the macroeconomic policies appropriate for Turkey both before and after its accession to the European Union (EU).1 The first section of the chapter considers the recent macroeconomic developments in Turkey, and the second examines the macroeconomic policy framework for EU membership. The third section analyzes the macroeconomic challenges faced by Turkey, emphasizing the issues related to inflation, fiscal policy, public debt, sustainability of current account, and exchange rate regimes. The final section offers conclusions.Item Open Access Overview(CEPR, 2005) Togan, Sübidey; Hoekman, B.; Togan, Sübidey; Hoekman, B.Item Open Access Preface(Cairo:ERF, 2003) Togan, Sübidey; Togan, Sübidey; Kheir-El-Din, H.Item Open Access Preface(Palgrave Macmillan, 2001) Togan, Sübidey; Balasubramanyam, V. N.; Togan, Sübidey; Balasubramanyam, V. N.This book offers a comparative study of the Central and Eastern European and Turkish economies that analyses the implications of EU enlargement. The contributors discuss issues related to the creation of a legal infrastructure that encourages entrepreneurial initiative, fair competition, market forces and investor confidence. They assess the benefits of following prudent monetary and fiscal policies together with appropriate competition, trade and foreign direct investment policies in Turkey and Central and Eastern Europe.Item Open Access Productivity of labor(Cairo:ERF, 2003) Togan, Sübidey; Togan, SübideyAccording to Dollar and Wolff (1993) labor productivity indicates the extent to which a country can be a competitive low-cost producer while maintaining high wages. Total factor productivity (TFP), on the other hand, measures the output produced by given amounts of labor and capital together with a high TFP meaning that both capital and labor can earn large returns while the cost of production remains low. According to Dollar and Wolff (1993), a nation with high labor productivity and high TFP is one that can compete intemationally with high incomes and a high standard of living. The purpose ofthis chapter is to provide evidence on productivity trends in MENA countries, analyze the determinants of productivity growth in those countries, and study issues related to macroeconomic stability. After studying the productivity of labor in Section 1, Section 2 concentrates on total factor productivity growth, and Section 3 deals with the determinants of total factor productivity growth. While Section 4 considers the effects of infrastructure, Section 5 concentrates on total factor productivity in Turkish manufacturing sub-sectors. Section 6 considers the effects of booms and busts on competitiveness and the chapter concludes with a summary of results.Item Open Access Quantifying the impact of EU accession(European University Institute, 2004) Togan, Sübidey; Tocci, N.; Evin, A.With accession to the EU, Turkey will complete the harmonisation of technical regulations, achieve progress in privatization of its public enterprises, liberalize entry/exit into various sectors of the economy, impose hard budget constraints on all public and private enterprises, adopt the CAP, liberalize its trade with the EU in services, and will be part of the European single market. Furthermore joining the EU will require Turkey to adopt and implement the whole body of EU legislation and standards—the Acquis Communautaire. According to the EU membership criteria, new members must be able to demonstrate the ‘ability to take on the obligations of membership including adherence to the aims of political, economic and monetary union.’ Thus Turkey will be expected to adopt the euro when it will be ready to do so, but not immediately upon accession.