The Turkish Economy

Sumru Altu? is professor at the College of Administrative Sciences and Economics at Koç university in Istanbul. Her fields of interest include business cycles, investment, productivity and growth, intertemporal models of consumption and labour supply, and financial markets. Her previous publications include Dynamic Choice and Asset Markets (Academic Press, 1994) with Pamela Labadie, and Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium (Cambridge University Press, 2003) with Jagjit Chadha and Charles Nolan. Alpay Filiztekin is an Associate professor in the Faculty of Arts and Social Sciences at Sabanci University in Istanbul. His fields of research include growth theory, regional economics, productivity dynamics and real costs of inflation.

Contributors List of Tables and Figures Preface Part 1: The Real Economy 1. Productivity and Growth, 1923-2003 2. Income and Consumption Inequality for Turkey: What Role Does Education Play? 3. Female Labour Supply in Turkey 4. A Disaggregated Analysis of Price Dynamics Part 2: The Corporate Sector 5. Capital Structure Decisions of Turkish Firms 6. Firm-level Profitability, Liquidity, and Investment 7. Ownership Concentration and Corporate Performance of Turkish Companies Part 3: The Government Sector and Reform 8. Privatization: What has been achieved? 9. The Political Economy of Pension Reform 10. The Turkish Banking Sector: A Rough Ride From Crisis to Maturation Bibliography Index