While import-substituting industrialization policy constitute the basis for the industrialization strategies of the 1960s and 1970s in Turkey, this policy was no longer sustainable by the 1980s. For this reason, export-oriented industrialization policy was adopted with the decisions taken on January 24, 1980. In other words, the post-1980 period, Turkey's economy has adopted outwardoriented ind...

There are several ways to reduce GHG emissions. Governments may introduce climate policies which provide incentives to save energy or directly reduce emissions. Governments may also re-shape existing industrial or trade policies to reduce their negative impacts on GHG emissions. The case of trade policies is particularly interesting. Trade liberalization can foster economic development, thus in...

This paper use the dynamic growth framework to model relationship between trade liberalization policy and economic of 42 African countries from 1995 2018. Banking on heterogeneity income socioeconomic factor affecting policies in countries, opted for Pooled Mean Group (PMG) technique which is sufficient inference a heterogeneous environment. The result tells that beneficial up certain threshold...

a number of countries, including Australia, over the past decade. The adoption of a framework that focuses explicitly on inflation reflects the growing realization that the major contribution that monetary policy can make to economic growth and welfare in the long run is the maintenance of a low and stable inflation rate. Empirical evidence confirms the detrimental effects of higher inflation o...

We study the determinants of trade policy decisions focusing specifically on antidumping and countervailing duty statutes administered by the International Trade Commission (ITC). Using detailed industry, import, and political pressure data we model ITC decision-making, weighing the relative impact of economic and political factors in predicting policy outcomes. We find the ITC’s decision-makin...

This paper analyses public policy choices in the security economy from an economic perspective. It discusses the role of public goods for national and global security and identifies the importance of the firstand second-order indirect effects of insecurity on economic activity, which include the behavioural responses of agents and the government to security measures, akin to such effects in ins...

Donald Trump’s election was a significant surprise. The reaction of company stock prices to the election reflects shifts in investor expectations about economic growth, taxes, and trade policy. High-beta stocks outperformed, presumably due to strengthened growth expectations. Expectations of significant corporate tax cuts boosted high-tax firms, but hurt firms with significant net operating los...

Donald Trump’s election was a significant surprise. The reaction of company stock prices to the election reflects shifts in investor expectations about economic growth, taxes, and trade policy. High-beta stocks outperformed, presumably due to strengthened growth expectations. Expectations of significant corporate tax cuts boosted high-tax firms, but hurt firms with significant net operating los...