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Democracy and Economic Growth: A Meta Analysis

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 (with C. Doucouliagos). American Journal of Political Science, January 2008, v. 52, pp. 60-82. Despite a sizeable theoretical and empirical literature, no firm conclusions have been drawn regarding the impact of political democracy on economic growth. This paper challenges the consensus of an inconclusive relationship through a quantitative assessment of the democracy-growth literature. We apply meta-regression analysis to the population of 483 estimates derived …

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Internationalization and Alliance Formation: Evidence from Turkish SMEs

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M. Akdis, S. Bayrak-Kok and M.ULubasoglu. International Small Business Journal, June 2009, v. 27. n.3, pp. 337-361. This study explores the issue of internationalization through forming alliances with foreign capital in the small business sector in Turkey. Using a sample of 257 SMEs from this emerging market economy, collected via a field study, it finds that Turkish SMEs would like to form alliances with …

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Leviathan Resists: The Endogenous Relationship between Privatization and Firm Performance

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 P. Arin and M.Ulubasoglu. Public Choice, July 2009, v. 140, n. 1‐2, pp. 185‐204. Using a panel dataset of privatized cement firms in Turkey, this paper models and finds support for the simultaneous relationship between privatization and firm performance. It is found that favorable short-run performance, weak market potential, higher employment, lower socio-economic development, concentrated voter preferences, and weaker representation of right-wing parties …

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Intersectoral Size Differences and Migration: Kuznets Revisited

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 N. Anbarci and M.Ulubasoglu. Journal of International Trade and Economic Development, April 2011, v.20, n. 2, pp. 251-292. That researchers look for the inverted-U shape in inequality in the arbitrary periods of arbitrary countries underlies the divergent empirical evidence across studies. To point to the right context for the pattern, this paper establishes a formal mechanism in line with Kuznets’ explanation …

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Does Legal Heritage Affect Obesity? The Channel of Motor Vehicle Dependence

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P. Carlin, M. Kidd and M.Ulubasoglu. Journal of Comparative Economics, May 2013, v. 41: 621-33. We find a robust relationship between motor vehicle ownership, its interaction with legal heritage and obesity in OECD countries.  Our estimates indicate that an increase of 100 motor vehicles per thousand residents is associated with about a six percentage point increase in obesity in common law …

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State-Owned Enterprises, Political Ideology, and Inequality

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C. Karayalcin, V. Avsar and M.Ulubasoglu. Economics and Politics, November 2013, v. 25, n.3, pp. 387-410. State-owned enterprises continue to play a considerable role in many economies. In this study we empirically investigate the connections between these enterprises and inequality as mediated through political ideology. Using cross-country data on the relative size of the state-owned enterprise sector, we find strong empirical support for …

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An Empirical Inquiry into the Role of Sectoral Diversification in Exchange Rate Regime Choice

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(with M.T. Chowdhury, P. Bhattacharya, and D.Mallick), European Economic Review, April 2014, v. 67, pp. 210-227. Whether sectoral diversification affects the exchange rate regime choice and the mechanisms through which this effect might work are largely unknown. This study identifies two mechanisms through which sectoral diversification and exchange rate regime choice may be related, namely the external shock absorption and rent-seeking mechanisms. …

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Non-farm Activity, Household Expenditure, and Poverty Reduction in Rural Vietnam: 2002-2008

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Non-farm Activity, Household Expenditure, and Poverty Reduction in Rural Vietnam: 2002-2008 (with T.X. Hoang and C.S. Pham), World Development, December 2014, v. 64, pp. 554-568. Diversifying into non-farm activities has been suggested as an effective way out of poverty for rural households in developing countries. Using the Vietnamese Household Living Standards Surveys of 2002, 2004, 2006, and 2008, we test this …

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What Underlies Weak States? The Role of Terrain Ruggedness

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What Underlies Weak States? The Role of Terrain Ruggedness (with P. Jimenez-Ayora), European Journal of Political Economy, September 2015, v. 39, pp. 167-183. This article documents terrain ruggedness as an underlying cause of lack of state capacity. The paper contends that rugged topography poses significant costs to cooperation among the constituent groups within the state. This problem then translates into inability …

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Persistence, Capital Account Openness and Financial Sector Performance in Exchange Rate Dynamics

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M.T. Chowdhury, P. Bhattacharya, D. Mallick and M.Ulubasoglu, Economic Record, September 2015, v. 91, pp. 279-299. This paper empirically investigates the persistence in exchange rate regimes as well as the role of capital account openness and financial sector health (measured by financial development and financial sector fragility) in exchange rate regime determination for a panel of 143 countries covering the post-Bretton …