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Growth 13/11/2018

Will the New Tax Law Rekindle Growth in the United States?

Bülent Ulaşan

It is possible to say that the new tax law will stimulate US domestic demand and promote economic growth in the short run. Its medium and long-term impact will be determined by the supply-side effects.

Growth 07/02/2017

To What Extent Do Working Days Affect Growth?

Çağlar Yüncüler

When we need to make an economically meaningful deduction on the main trend of economic activity, we need to adopt an approach that excludes calendar effects from the variables.

Fiscal Policy 01/12/2016

Main Characteristics of Recent Incentive Schemes Launched in Turkey

Erdal Yılmaz

Fiscal policy, through the instruments it employs, can have an impact on economic activity, either on the supply side or through demand.

Growth 02/10/2017

Free International Trade or Protectionism: Which One is Better for Economic Growth?

Bülent Ulaşan

A country’s, particularly emerging countries’, performance in improving its institutional structure will be decisive in the economy’s potential to grow and benefit from international trade, regardless of an increase or weakening in the trend of protectionism in the world economy.

Growth 20/04/2018

Catch-Up in the Turkish Manufacturing Industry: The Role of National and Regional Frontiers

Aslıhan Atabek Demirhan

Turkish manufacturing sector frontiers in terms of productivity are generally export-oriented large-scale firms with high turnover. These firms invest in technology and R&D. Laggards increase their productivity by learning from regional and national frontiers and/or by adapting the frontiers’ technologies according to their needs.

Growth 01/12/2016

The Welfare Effect of Shortened Completion Times of Public Investments

H. Murat Özbilgin

Between 2002 and 2015, the average completion time of public investments shortened significantly.

Growth 08/02/2019

What Does the Housing Supply Tell Us?

Evren Ceritoğlu,Aytül Ganioğlu

The aim of this study is to evaluate the supply-demand balance in the housing sector. The supply-demand balance gives us information about the stock buildup in the housing sector.

Growth 03/09/2024

What Do the Second Quarter National Income Figures Say About the Underlying Trend of Economic Activity?

Abdullah Kazdal,Ece Taşan

In this blog post, we analyze the underlying trend of economic activity in the first half of the year in terms of expenditures and production, based on national income data.

Inflation 10/12/2024

Output Gap Indicators in the Disinflation Process

Abdullah Kazdal

Recent output gap indicators suggest that demand continues to slow down, reaching disinflationary levels.

Balance of Payments 22/06/2018

Factors Affecting Foreign Direct Investment Decisions

Kurmaş Akdoğan,Hülya Saygılı

With its labor quality, consumption pattern, demand power, technology skills, geographical location, infrastructure, business routine, and incentives, Turkey is a good alternative for both market-seeking and efficiency-seeking FDIs.

Growth 03/08/2017

The Contribution of Sectoral Measures and Incentives to the Recovery in Production Activities

Tuğba Demirtaş,H. Murat Özbilgin,Ünal Seven

Supporting the measures and incentives with structural reforms oriented towards lasting productivity increases is of critical importance to achieving long-term gains in production capacity.

Fiscal Policy 14/03/2017

Sensitivity of Fiscal Multiplier to Business Cycles

Kazım Azim Özdemir,Cem Çebi

The fact that the effectiveness of fiscal policy increases in low-growth periods enables the implementation of countercyclical expansionary fiscal policy without a lasting deterioration in fiscal discipline.

Financial Stability 04/08/2017

Have Our Views on the Savings Gap Changed After the National Income Revision?

Evren Ceritoğlu,Seyit Mümin Cilasun

The Turkish Statistical Institution has recently made a revision in the national account system. Due to the revision, one of the most important differences between the series was in savings rates. However, the improvement observed in the savings rate in the aftermath of the national income revision does not eliminate the need for structural reforms in this area.

Growth 01/06/2018

Renewable Energy Use in Turkey

Hülya Saygılı

The share of renewable energy in total supply was up around 12 percent from 2005 across the world in 2016. Turkey has a higher rate of renewable energy use than the OECD average but the rate of increase has proved far from satisfying.

Growth 07/11/2018

Firm Investment Dynamics in the Manufacturing Sector

Mehmet Zahid Samancıoğlu,Seyit Mümin Cilasun,Fatih Yılmaz

Firm investment rates have recently diverged in Turkey. Incentive policies should be designed in such a way as to aim for mechanization, particularly R&D-backed and high tech-based mechanization, in manufacturing industry in the long run, by taking into account differences in the breakdown of investments.

Growth 01/12/2016

Corporate Sector from the Perspective of Financial Stability

Gülcan Yıldırım Güngör,Merve Demirbaş Özbekler,Tuba Pelin Sümer

The financial strength of the corporate sector is essential for supporting and sustaining economic activity and financial stability.

Growth 03/10/2022

Organized Industrial Zones and Economic Performance

Orhun Sevinç,Didem Yazıcı,Emre Çakır,Simin Bayraktar,Özlem Sevinç

Firms in Organized Industrial Zones (OIZs) deliver a better economic performance than other firms. OIZs are in a key position in terms of efficiency of targeted industrial and targeted financing policies through clustering.

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