Poverty reduction is one of the greatest challenges facing mankind and one of the main obstacles for wellbeing for a large part of the world population. New development paradigms have focused on reducing poverty. This ...

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 ...

The central objective of this thesis is to investigate empirically the effects of fiscal devaluation on bilateral trade. The idea of the tax policy tools to have the capability to mimic the effects of currency devaluation ...

Economic growth in Sub-Saharan Africa (SSA) has been one of the main concerns of economic growth literature. There was no economic growth in SSA until several decades. This study attempts to explain the causes of earlier ...

Monetary economics explores the relationship between the real and nominal variables in an economy. The models in this area mainly, by taking the quantity of money in the focus of interest, investigates the interaction ...

The growth models encompassing technological development endogenously have shown the role of research and development (R&D) on economic growth. These models reveal that large-scale economies grow at a greater rate in the ...

When we think of human nature, and of her organized unity, society, we realize that these structures entail a certain social order and that its main lines of development are shaped within such an order. The nature of the ...

There is an intense literature examining the relationship between Total Factor Productivity (TFP) and exports in the context of country, sector or firm level. The literature suggests a positive correlation between TFP and ...

Despite female labor force participation rate (FLFPR) has steadily increased from 2005 onwards in Turkey, Turkey is still one of the countries having the lowest FLFPRs in the international arena. Furthermore, the labor ...

The current account deficit is one of the most controversial issues in developing countries. Liberalization of capital movements in Turkish economy has caused high current account deficits and increased external debt stock, ...