Browsing by Subject "Economic impact"
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Item Restricted Arpaçay Barajı(Bilkent University, 2020) Altuntaş, Ceren Pınar; Çetingül, Mert; Doğan, Ali Cem; Kurtulmaz, Umut; Şahin, CemreArpaçay Barajı Türkiye'nin Kars ilinde bulunan bir barajdır. 1964 yılında alınan karardan sonra 1975-1983 yılları arasında inşaatı yapılmıştır. Kars ili ve dönemin Sovyet Sosyalist Cumhuriyeti Birliği arasındaki sınırda bulunduğundan dönem için politik ve ekonomik açıdan önem arz eder. Bu önemi dışında yapıldığı bölge halkına ve bölgenin ekosistemine de kayda değer etkileri olmuştur.Item Open Access Banking activities and local output growth: does distance from centre matter?(Routledge, 2008) Özyildirim, S.; Önder, Z.Banking activities and local output growth: does distance from centre matter? Regional Studies. In this paper the relation between local banking activities and local output growth is empirically studied in Turkey during the period 1991-2000. Although there is no legal restriction against regional banking, the banking sector is spatially concentrated in Turkey. In this institutional structure, the distance between headquarters and the local branches is argued to affect the role of financial intermediation in the development of provincial prosperity. Empirical findings suggest that banking activities have a significant positive impact on the per capita local output growth of regions, especially on those that are distant from the financial centre. However, when bank loans are adjusted to the size of the local economy (provincial gross domestic product, GDP), the relation between banking activities and the output per capita is found to be negative, suggesting that these loans are used to finance unprofitable and unproductive projects in distant provinces.Item Open Access On the macroeconomic impact of the August 1999 earthquake in Turkey: a first assessment(Routledge, 2001) Selcuk, F.; Yeldan, E.The devastating earthquake that struck the most densely populated and industrialized area of Turkey on 17 August, 1999 was one of the most damaging natural disasters during this century. This paper is a first attempt to estimate the transition path of the Turkish economy to its new equilibrium after the earthquake. An applied general equilibrium model is utilized to provide an initial assessment and to obtain the second best policy options to mitigate the negative effects of the earthquake. The analytical foundations of the model rest upon intertemporal dynamics as laid out in neoclassical growth theory. Simulation results suggest that the initial impact of the earthquake on GDP may range from -4.5% to +0.8% of GDP, conditional upon policies followed by the government and international donors. The policy implication of the paper is that best outcomes might be reaped via a negative indirect tax (a subsidy financed by foreign aid) to individual sectors to recover their capital losses. On the other hand, an indirect tax to finance the extra fiscal spending would result in an output loss, further deepening the impact of the earthquake on the economy.Item Open Access Persistency of Turkish export shocks: a quantile autoregression (QAR) approach(Springer, 2016) Berument, Hakan; Dincer, N. N.; Yasar, P.This study analyzes the persistency of total and disaggregated Turkish exports for different shock magnitudes using the quantile autoregression (QAR) method in line with Koenker and Xiao (J Am Stat Assoc 99:775–787, 2004). The results suggest that the persistence of shocks are not similar across different quantiles of Total Exports and disaggregated export sectors, indicating an asymmetry in the case of negative and positive shocks across different export sectors. The persistency behavior of Total Exports as well as Food and Beverages, Chemicals, Basic Metals, Raw Materials, Motor Vehicles and Radio & TV exports are asymmetric to negative versus positive shocks, which cannot be captured by traditional unit root tests. Thus, sound interpretation of QAR results is necessary for policy makers to identify shock characteristics and thereby pursue appropriate policies for overcoming adverse impacts on the economy. © 2015, Springer Science+Business Media New York.Item Open Access The rural economy under structural adjustment and financial liberalization: results of a macro-integrated agricultural-sector model for Turkey(Routledge, 1996) Cakmak, Erol H.; Yeldan, A. Erinc; Zaim, OsmanThe Macro-Integrated Agricultural-Sector modeling approach is introduced to analyze the economic effects of the post-1980 Turkish structural adjustment reforms on the agricultural economy. The distinguishing feature of the model is its capability in addressing simultaneously the real and financial macro aggregates and the micro-sectoral detail of agriculture in a consistent fashion. The modeling analysis discloses that the Turkish mode of adjustment has typically relied on taxation of agricultural incomes, and suggests that an investment program based on reinvesting the rural surplus within the agricultural economy is a superior option.