Seminar: Turkish Economy, B.WIWI-VWL.0038: Ausgewählte Fragestellungen der Volkswirtschaftslehre - Details

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Veranstaltungsname	Seminar: Turkish Economy, B.WIWI-VWL.0038: Ausgewählte Fragestellungen der Volkswirtschaftslehre
Untertitel
Veranstaltungsnummer	801624
Semester	WiSe 2020/21
Aktuelle Anzahl der Teilnehmenden	8
erwartete Teilnehmendenanzahl	15
Heimat-Einrichtung	Department of Economics
beteiligte Einrichtungen	Volkswirtschaftstheorie und Entwicklungsökonomik
Veranstaltungstyp	Seminar in der Kategorie Lehre
Erster Termin	Donnerstag, 05.11.2020 08:00 - 18:00
Art/Form
Teilnehmende	Eligible Participants The seminar is open to Bachelor students in economics, business economics, Erasmus exchange students
Voraussetzungen	Eligible Participants The seminar is open to Bachelor students in economics, business economics, Erasmus exchange students. Knowledge of macroeconomics and development economics is desirable but not prerequisite.
Lernorganisation	Course Description This course is concerned about the major issues and problems of Turkish economy. Particular emphasis is given to the changing structural characteristics of the Turkish economy, and to its long-run integrational process to the world capitalist system. Many macroeconomic indicators together with the industrialization and development experience of the country from the historical perspective constitute the major research areas. The late economic and social structure of the Ottoman Empire is also included as discussion topics.
Leistungsnachweis	Course Requirements To acquire six credit points students will have to write a research paper, prepare a presentation, participate in the discussions, and briefly discuss a paper of another student.  Research Papers The seminar papers must be written in English, comprising 15-18 pages (12pt, 1 ½ spaced, excluding bibliography and exhibits). In addition, a short abstract of about 200 words (key question, methodology and main results) has to be composed. The papers should be analytical and critical, develop a coherent argument, drawing own conclusions and should go beyond the pure summary of existing literature.   Presentations The presentations should have a maximum (!) length of 20-25 min focusing on the main insights of the research papers. The speaker can use any visual device for his presentation (e.g. handouts, transparencies) and should be able to answer short questions during the presentation. Make sure to keep your audience in mind and prepare a well-structured, interesting and educational presentation, and do not in any case only read out your paper!   Discussions In addition each student will be assigned to another paper, which she/he should briefly (5 min) discuss after the presentation. The discussion should be a critical reflection of the paper and presentation (content, structure, unclear points) and come up with two or three questions to start a discussion (please be prepared to voice your own opinion about these questions). It is also expected that all other students have briefly gone through the papers of the other participants before the seminar, so that a good discussion after the presentations can take place.
ECTS-Punkte	6

Lehrende

• Prof. Hakan Mihci

Räume und Zeiten

Keine Raumangabe

Donnerstag, 05.11.2020 08:00 - 18:00
Sonntag, 20.12.2020 (ganztägig)
Dienstag, 22.12.2020 08:00 - 18:00

Studienbereiche

• Vorlesungsverzeichnis WiSe 2020/2021 > Wirtschaftswissenschaftliche Fakultät > Bachelor- und Masterstudiengänge > Volkswirtschaftslehre > Zwei-Fächer-Bachelor-Studiengang, Volkswirtschaftslehre
• Vorlesungsverzeichnis WiSe 2020/2021 > Wirtschaftswissenschaftliche Fakultät > Bachelor- und Masterstudiengänge > Betriebswirtschaftslehre > Bachelor-Studiengang in Betriebswirtschaftslehre
• Vorlesungsverzeichnis WiSe 2020/2021 > Wirtschaftswissenschaftliche Fakultät > Bachelor- und Masterstudiengänge > Volkswirtschaftslehre > Bachelor-Studiengang in Volkswirtschaftslehre

Kommentar/Beschreibung

You can find the syllabus of this course at https://www.uni-goettingen.de/de/lehre/610340.html



Literatur:
Reading List

We will provide a suggested reading list with articles, books, and book chapters that ought to be considered in the papers.  All suggested reading material would be made available in Studip.  Additionally, you are required to search for further literature to be included in your paper.  Please note that suggested reading material partly covers further literature of the research topics.

 

Introductory Reading

Kepenek, Y. (2012). Development and Structure of the Turkish Economy, Ankara: METU Press.

 

Research Areas

1. Economic and Social Heritage of the Ottoman Empire to the Republic of Turkey

2. Economic Structure of the Ottoman Empire in its Last Century

3. The Study of Turkish Economy from the Perspective of Development/Foreign Trade Strategies

4. Sectoral Transformation in Turkish Economy

5. Jobless Growth in Turkey

6. Human Development Performance of the Turkish Economy

7. Determinants of Female Labor Force Participation Rate in Turkey

8. Planning Experience of the Turkish Economy

9. Determinants of Government Expenditure in Turkey

10. Liberalization and Financialization Attempts of the Turkish Economy in the post-1980 Period

11. Is Financial Deepening the Cause of Financial Fragility or Economic Growth in Turkey?

12. Comparison of the Last Three Crises in Turkey: 2001, 2009, 2018

13. Import Dependency and Historical and Comparative Analysis in Export of Turkish Economy

 

 

1. Economic and Social Heritage of the Ottoman Empire to the Republic of Turkey

Possible research topic: Is there a continuity or a rupture in the transition from the Ottoman Empire to the Republic of Turkey? Discuss.

Suggested Readings:

* Inalcik, H. and Quataert, D. (1994). (eds.) An Economic and Social History of the Ottoman Empire, 1300-1914, Cambridge: Cambridge University Press.
* Kepenek, Y. (2012). Development and Structure of the Turkish Economy, Ankara: METU Press.
* Okyar, O. (1987). "A New Look at the Problem of Economic Growth in the Ottoman Empire (1800-1914)", Journal of European Economic History, 16 (1): 7-49.
* Pamuk, S. (1987). The Ottoman Empire and European Capitalism 1820-1913: Trade, Investment and Production, Cambridge and New York: Cambridge University Press.
* Pamuk, S. (2006). "Estimating Economic Growth in the Middle East since 1820", The Journal of Economic History, 66 (3): 809-828.

 

2. Economic Structure of the Ottoman Empire in its Last Century

Possible research topic: Integration of the Ottoman Empire to the emerging world capitalist system accelerated during the nineteenth century and early twentieth century. Discuss.

Suggested Readings:

* Inalcik, H. and Quataert, D. (1994). (eds.) An Economic and Social History of the Ottoman Empire, Volume 2: 1600-1914, Cambridge: Cambridge University Press.
* Islamoglu-Inan, H. (1987). (ed.) The Ottoman Empire and the World Economy. Cambridge: Cambridge University Press.
* Kepenek, Y. (2012). Development and Structure of the Turkish Economy, Ankara: METU Press.
* Mihci, S. and Mihci, H. (2002). "Reflections on the Ottoman Raw Cotton Production and Export during the 1850-1913 Period", Hacettepe University Journal of Economics and Administrative Sciences, 20 (2): 43-71.
* Pamuk, S. (1987). The Ottoman Empire and European Capitalism 1820-1913: Trade, Investment and Production, Cambridge and New York: Cambridge University Press.

 

3. The Study of Turkish Economy from the Perspective of Development/Foreign Trade Strategies

Possible research topic:  How did the implementation of different development/foreign trade strategies affect the long-run industrialization/development process of Turkish economy? Discuss.

Suggested Readings:

* Cecen, A. A., Dogruel, A. S., and Dogruel, F. (1994). "Economic Growth and Structural Change in Turkey 1960-88", International Journal of Middle East Studies, 26 (1): 37-56.
* Dornbush, R. (1992). "The Case for Trade Liberalization in Developing Countries", Journal of Economic Perspectives, 6 (1): 69-85.
* Kepenek, Y. (2012). Development and Structure of the Turkish Economy, Ankara: METU Press.
* Keyder, Ç. (1987). State and Class in Turkey, A Study in Capitalist Development, Verso: London and New York.
* Pamuk, S (2010). "Economic Growth and Institutional Change in Turkey before 1980", Understanding the Process of Economic Change in Turkey, T. Çetin and F. Yilmaz (eds.) Nova Science Publishers, 15-30. 
* Yilmaz, B. (2002). "The Role of Trade Strategies for Economic Development: A Comparison of Foreign Trade between Turkey and South Korea", Russian and East European Finance and Trade, 38 (2): 59-78.

 

4. Sectoral Transformation in Turkish Economy

Possible research topic: Sectoral transformation of the Turkish economy relatively and historically lagged. This retardation, in turn, created many structural weaknesses for the Turkish economy. Discuss.

Suggested Readings:

* Aydin Z. (2010). "Neo-Liberal Transformation of Turkish Agriculture", Journal of Agrarian Change, 10 (2): 149-187.
* Altug, S., Filiztekin, A., and Pamuk, Ş. (2008). "Sources of Long-Term Economic Growth for Turkey, 1880-2005", European Review of Economic History, 12, 393-430.
* Kepenek, Y. (2012). Development and Structure of the Turkish Economy, Ankara: METU Press.
* Nas, T. (2008). Tracing the Economic Transformation of Turkey from the 1920s to EU Accession, Boston, Leiden: Martinus Nijhoff Publishers.
* Turkish Statistical Institute (2011). Statistical Indicators 1923-2010. Ankara.

 

5. Jobless Growth in Turkish Economy

Possible research topic: Assessing recent growth performance of the Turkish economy from the perspective of employment and job creation. Has the recent Turkish experience been supporting the evidence of jobless growth?

Suggested Readings:

* Thirlwall, A. P.  (1969). "Okun's Law and the Natural Rate of Growth", Southern Economic Journal, 36 (1): 87-89.
* Viren, M.  (2001). "The Okun Curve is non-Linear", Economics Letters, 70, 253-257.
* Lee, J. (2000), "The Robustness of Okun's law: Evidence from OECD countries", Journal of Macroeconomics, 22 (2): 331-356.
* Mucuk, M., Edirneligil, A., and Gerçeker, M. (2017). "The Relationship Between Unemployment Rate and Economic Growth: The Case of Turkey", Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi (Research Journal of Politics, Economics and Management), 5 (1), http://www.siyasetekonomiyonetim.org/index.php/seyad/article/view/515/312

 

* Pata, U. K., Yurtkuran, S., and Kalca, A. (2018). "Revisited Causality Analysis of Okun"s Law: The Case of Turkey", Theoretical and Applied Economics, XXV (4): 117-130.
* Tiryaki, A. (2018). "Short and Long-Run Macroeconomic Determinants of Unemployment in Selected Leading Emerging Markets", Journal of Current Researches on Social Sciences, 8 (1), <http://dergipark.gov.tr/download/article-file/502532>
* Gözgör, G. (2013), "Unemployment Persistence and Inflation Convergence: Evidence from Regions of Turkey", Regional and Sectoral Economic Studies, 13 (1), <https://core.ac.uk/download/pdf/47257693.pdf>
* Güris, B., Tiftikcigil, B., T&#305;rasoglu, M. (2017), "Testing for Unemployment Hysteresis in Turkey: Evidence from Nonlinear Unit Root Tests", Quality and  Quantity,  51 (1): 35-46.
* Yeldan, E. (2011). Macroeconomics of Growth and Employment: The case of Turkey, International Labour Office, Employment Sector, Employment Policy Department. - Geneva: ILO, https://www.ilo.org/wcmsp5/groups/public/\---|ed\_emp/\---|emp\_policy/documents/publication/wcms_170403.pdf

 

6. Human Development Performance of the Turkish Economy

Possible research topic: Comparative long-run trends in the human development performance of Turkey indicate stagnation rather than radical improvement. Therefore, there is still some opportunity for ameliorating human development indicators of the country, and hence, advancing its development performance. Discuss.

Suggested Readings:

* Crafts, N. F. R. N. (2002). "The Human Development Index, 1870-1999: Some Revised Estimates", European Review of Economic History, 6, 395-405.
* UNDP (….). Various Annual Issues of Human Development Reports. New York: UNDP.
* UNDP (2001). Human Development Report Turkey 2001, Measuring Turkey"s Human Development Performance, Ankara: UNDP, [http://hdr.undp.org/sites/default/files/turkey\_2001\_en.pdf][1]
* UNDP (2004). Human Development Report Turkey 2004, Information and Communication Technologies, Ankara: UNDP, [http://hdr.undp.org/sites/default/files/turkey\_2004\_en.pdf][2]

 

* Mihci, H. and Taner, M. T. (2014). "Comparative Human Development and Gender Equality Performance Analysis of Middle Eastern and North African Countries with Turkey", International Journal of Economics and Financial Issues, 4 (4): 859-869. <http://www.econjournals.com/index.php/ijefi/article/viewFile/930/pdf>
* Mihci, H. (2011). "Human Development Performance of Transition Economies in the Post-Cold War Period", Hacettepe University Journal of Economics and Administrative Sciences, 29 (1): 21-42. <http://www.iibfdergi.hacettepe.edu.tr/2011_1.pdf>
* Mihci, H. and Mihci, S. (2008). "Economics of Education in Turkey: Human Capital and Economic Growth", Education in Turkey, European Studies in Education, vol. 26, Arnd-Micheal Nohl, Arzu Akkoyunlu-Wigley and Simon Wigley (eds.) Munster: Waxmann Verlag GmbH, 227-246.

 

7. Determinants of Female Labor Force Participation Rate in Turkey.

Possible research topic: Female labor force participation rate remained strikingly low in the history of the Turkish economy. What could be the possible reasons of such a structural defect? Institutional, economic or both? Discuss.

Suggested Readings:

* Clark, R., Ramsbey, T. W., and Adler, E. S. (1991). "Culture, Gender, and Labor Force Participation: A Cross-National Study", Gender and Society, 5 (1): 47-66.
* Psacharopoulos, G. and Tzannatos, Z. (1989). "Female Labor Force Participation: An International Perspective", The World Bank Research Observer, 4 (2): 187-201.
* Lavy, V. and Zablotsky, A. (2015). "Women's Schooling and Fertility under Low Female Labor Force Participation: Evidence from Mobility Restrictions in Israel", Journal of Public Economics, 124, 105-121.
* Dildar, Y. (2015). "Patriarchal Norms, Religion, and Female Labor Supply: Evidence from Turkey", World Development, 76, 40-61.
* Göksel, I. (2013). "Female Labor Force Participation in Turkey: The Role of Conservatism", Women's Studies International Forum, 41, 45-54.
* Tzannatos, Z. (1999). "Women and Labor Market Changes in the Global Economy: Growth Helps, Inequalities Hurt and Public Policy Matters", World Development, 27 (3): 551-569.
* Kuma&#351;, H. Ça&#287;lar, A., and Karaalp, H. S. (2014). "Firm Size and Labour Market Segmentation Theory: Evidence from Turkish Micro Data", Procedia - Social and Behavioral Sciences, 150, 360 - 373.

 

8. Planning Experience of the Turkish Economy

Possible research topic: From the early 1930s until early 1980s, economic planning played a crucial role in the industrialization and development processes of the Turkish economy. Discuss.

Suggested Readings:

* Agarwala, R. (1983). Planning in Developing Countries: Lessons of Experience. World Bank Staff Working Paper, No: 576, Washington DC.
* Celasun, M. (1980). "Real and Monetary Aspects in the Turkish Planning", METU Studies in Development, 7 (1/2): 1-36.
* Killick, T. (1976). "The Possibilities of Development Planning", Oxford Economic Papers, 28 (2): 161-184.
* Milor, Vedat (1990). "The Genesis of Planning in Turkey", New Perspectives on Turkey, 4, 1990, 1-30.
* Ilkin, S. and Inanc, E. (1967. (eds.) Planning in Turkey (Selected Papers). Ankara: METU Publication.
* METU Studies in Development (1981). Two Decades of Planning Development in Turkey, Special Issue.

 

9. Determinants of Government Expenditure in Turkey.

Possible research topic: What are the possible determinants of government expenditures in Turkey? Do these expenditures reflect social welfare preferences, the speed of economic growth or natural outcome of political cycles? Discuss.

Suggested Readings:

* Henderson, J. M. (1968). "Local Government Expenditures: A Social Welfare Analysis", The Review of Economics and Statistics, 50 (2): 156-163.
* Wu, S-Y, Tang, J-H., and Lin, E. S. (2010). "The Impact of Government Expenditure on Economic Growth: How Sensitive to the Level of Development?", Journal of Policy Modelling, 32, 804-817.
* Cameron A. S. (2007). "The Size and Composition of Government Expenditure", Journal of Public Economics, 91, 2230-2260.
* Bove, V., Efthyvoulou, G., and Nava, A. (2017). "Political Cycles in Public Expenditure: Butter vs Guns", Journal of Comparative Economics, 45, 582-604.
* Castro, V. and Martins, R. (2018). "Politically Driven Cycles in Fiscal Policy: In Depth Analysis of the Functional Components of Government Expenditures", European Journal of Political Economy, 55, 44-64.
* Halicioglu, F. (2003). "Testing Wagner"s law for Turkey, 1960-2000", Review of Middle East Economics and Finance, 1 (2): 129-140.

 

10. Liberalization and Financialization Attempts of the Turkish Economy in the post-1980 Period

Possible research topic: Liberalization and financialization processes during the post-1980 period made Turkish economy more fragile to external shocks and adversely affected its long-run growth performance. Discuss.

Suggested Readings:

* Ar&#305;canl&#305;, Tosun and Dani Rodrik (1999). (eds.) The Political Economy of Turkey: Debt, Adjustment and Stability, London: Macmillan.
* Boratav, K., Yeldan, E. (2006). "Turkey, 1980-2000: Financial Liberalization, Macroeconomic (in)- stability, and Patterns of Distribution", External Liberalization in Asia, Post-Socialist Europe, and Brazil, L. Taylor (ed.) New York: Oxford University Press, 417-455.
* Akkoyunlu-Wigley, A., Mihci, S. and Mihci, H. (2010). "Trade Liberalization and Spatial Inequality: The Case of Turkey", From Custom Union to Chapter Negotiations: The Turkish Economy on the Path to EU Membership, Y. A. Stivachtis (ed.) Athens: ATINER, 209-222.
* Köse, A. H., Senses, F. and Yeldan, E. (2007). (eds.) Neoliberal Globalization as New Imperialism, Case Studies on Reconstruction of the Periphery, New York: Nova Science Publishers, Inc., <https://www.docdroid.net/3wxKDCj/neoliberal-globalization-as-new-imperialism-case-studies-on-reconstruction-of-the-periphery.pdf#page=5>
* Önis, Z. and Senses, F. (2009). (eds.) Turkey and the Global Economy, Neo-Liberal Restructuring and Integration in the post-Crisis Era. London and New York: Routledge.
* Rodrik, D. (2012). "The Turkish Economy After the Crisis", Ekonomi-tek, 1 (1): 41-61, https://drodrik.scholar.harvard.edu/files/dani-rodrik/files/the_turkish-economy-after-the-global-financial-crisis.pdf
* Uygur, Ercan (2010). The Global Crises and the Turkish Economy, Penang, Malaysia: Third World Network.
* Yalman, G., Marois, T., and Güngen, A. L. (2018). (eds.) The Political Economy of Financial Transformation in Turkey, New York: Routledge.

 

11. Is Financial Deepening the Cause of Financial Fragility or Economic Growth in Turkey?

Possible research topic: Evaluate the experience of financial deepening in Turkish case.

Suggested Readings:

* Loayza, N. and Ranciere, R. (2005). "Financial Development, Financial Fragility, and Growth", IMF Working Paper, WP/05/170.
* Demetriades, P. O., Rousseau, P. L., and Rewilak, J. (2017). "Finance, Growth and Fragility" University of Leicester, School of Business Economics Division, Working Paper No. 17/13.
* Coskun, Y., Seven, Ü, Ertugrul, H. M., and Ulussever, T. (2017). "Capital Market and Economic Growth Nexus: Evidence from Turkey", Central Bank Review, 17, 19-29.
* Rachdia, H., Hakimib, A., and Hamdic, H. (2018).  "Liberalization, Crisis and Growth in MENA Region: Do Institutions Matter?", Journal of Policy Modelling, 40 (4): 810-826.
* Demir, A. U. and Hall, S. G. (2017). "Financial Structure and Economic Development: Evidence on the View of "New Structuralism"", International Review of Financial Analysis, 52 (C): 252-259.
* Cevik, E. I., Dibooglu, S., and Kenc, T. (2013). "Measuring Financial Stress in Turkey", Journal of Policy Modelling, 35, 375-383.

 

12. Comparison of the Last Three Crises in Turkey: 2001, 2009, 2018

Possible research topic: Comparative analysis of the latest economic crises in Turkish economy is important with respect to shed light their main reasons. What factors dominate these crises? Financial, structural or external? Discuss.

Suggested Readings:

* Pitterle, I., Haufler, F., and Hong, P. (2015). "Assessing Emerging Markets" Vulnerability to Financial Crisis", Journal of Policy Modeling, 37, 484-500.
* Park, C-Y, Mercado Jr, R. V. (2014). "Determinants of Financial Stress in Emerging Market Economies", Journal of Banking & Finance, 45, 199-224.
* Kenç, T., Erdem, F. P., and Ünalm&#305;s, I. (2016). "Resilience of Emerging Market Economies to Global Financial Conditions", Central Bank Review, 16, 1-6.
* Akyüz, Y. and Boratav, K. (2003). "The Making of the Turkish Financial Crisis", World Development, 31 (9): 1549-1566.
* Ari, A. (2012). "Early Warning Systems for Currency Crises: The Turkish Case", Economic Systems, 36, 391-410.
* Aria, A. and Cergibozan, R. (2018). "Currency Crises in Turkey: An Empirical Assessment", Research in International Business and Finance, 46, 281-293.
* Kandil, M. and Trabelsi, M. (2015). "On Capital Flows and Macroeconomic Performance: Evidence before and after the Financial Crisis in Turkey", Borsa Istanbul Review, 15 (4): 249-258.
* Sensoy, A., Soytas, U., Yildirim, I., and Hacihasanoglu, E. (2014). "Dynamic Relationship between Turkey and European Countries during the Global Financial Crisis", Economic Modelling, 40, 290-298.
* Yurdakul, F. (2014). "Factors That Trigger Financial Crises: The Case of Turkey," Procedia - Social and Behavioral Sciences, 109, 896 - 901.

 

13. Import Dependency and Historical and Comparative Analysis of Value Added in Export of Turkish Economy

Possible research topic: Global value chains (GVCs) have grown in importance in recent years via changing nature of international trade. Turkey is a part of this global value chain with an increasing import content of export, weakening the fraction of value added in exports.  Therefore, historical and comparative analyses emerge as a necessity to test the validity of this structural phenomenon.

Suggested Readings:

* M&#305;hc&#305;, S. and Bolatoglu, N. (2019). "Import Dependency in Turkey: an Input-Output Analysis Based on Firm Level Data", Dynamics of Growth in Emerging Economies, The Case of Turkey, Akkoyunlu-Wigley, A. and Cagatay, S. (eds) London and New York: Routledge.
* Güncavd&#305;, Ö., Kayam, S. S. (2017). "Unravelling the Structure of Turkish Exports: Impediments and Policy", Journal of Policy Modeling, 39 (2): 307-320.
* Sayg&#305;l&#305;, H. and Sayg&#305;l&#305;, M. (2011). "Structural Changes in Exports of an Emerging Economy: Case of Turkey", Structural Change and Economic Dynamics, 22 (4): 342-360.
* Koopman, R., Wang, Z., and Wei, S-J. (2012) "Tracing Value-Added and Double Counting in Gross Exports", NBER Working Paper Series, Working Paper No: 18579, <http://www.nber.org/papers/w18579>
* Johnson, R. C. and Noguera, G. (2012) "Fragmentation and Trade in Value Added over Four Decades", NBER Working Paper Series, Working Paper No: 18186, <http://www.nber.org/papers/w18186>
* Caraballo, J. G. and Jiang, X. (2016). "Value-Added Erosion in Global Value Chains: An Empirical Assessment", Journal of Economic Issues, 50 (1): 288-296.
* Özmen, E. and Yolcu-Karadam, D. (2014). "Structural Change in Turkish External Trade: Evidence from BEC Sectors", ERC Working Papers in Economics, 14/13 November/2014.

[1]: http://hdr.undp.org/sites/default/files/turkey_2001_en.pdf
[2]: http://hdr.undp.org/sites/default/files/turkey_2004_en.pdf