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Current Issues in Turkish Economics

Problems and Policy Suggestions

Edited By Çağlar Yurtseven and Mahmut Tekce

The book covers a wide range of issues in Turkish economy and aims to discuss the problems, challenges and potential of Turkey in various sectors. The topics covered in the book include areas related to macroeconomics and monetary economics (inflation expectations, determinants and conduct of monetary policy), labor economics (earning differences, overeducation in labor markets), health economics (adult obesity), tourism economics (tourism response to disruptive events) and energy economics (solar energy systems). The book is written in a format so that general readers who are interested in the Turkish economy can easily read and have a deep understanding of the current economic issues in Turkey. In addition, the book is suitable for usage in the related courses as a textbook at the undergrauate and masters level in the fields of economics and business.

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Foreword

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Turkey, the world’s 17th largest economy, has several distinctive features, where the study of the characteristics and challenges of Turkish economy bears great importance for anyone who is interested in the economic performances of developing countries. Turkey is a dynamic economy with a strong economic infrastructure, well-developed financial market and competitive work force. Its strategic geographical and political position at the crossroads of the world trade and energy routes makes Turkey an economy of utmost importance for Europe.

However, despite its potential and several advantages, Turkey remains trapped in middle-income status. Turkey has experienced repetitious economic crisis and has shown episodes of remarkable economic growth since the 1980s. This makes the curious case of Turkey worth examining.

This book covers a wide range of issues in Turkish economy and aims to discuss the problems, challenges and potential of Turkey in various sectors. The topics covered in the book include areas related to macroeconomics and monetary economics (inflation expectations, determinants and conduct of monetary policy), labor economics (earning differences, overeducation in labor markets), health economics (adult obesity), tourism economics (tourism response to disruptive events) and energy economics (solar energy systems). The individual chapters are valuable not only for the scholars interested in Turkish economy, but also for the ones interested in following the applications of the most recent econometric techniques in micro and macroeconomic issues. The book as a whole, on the other hand, draws a very clear picture of the Turkish economy and sheds...

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