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Competition and monopoly in the U.S. economy: What do the industrial concentration data show?
(Sage Publications, 2021)
A recent series of academic studies, think-tank reports, and news articles shows widespread attention to rising industrial concentration and market power in the U.S. economy. In this paper, we focus on concentration in the ...
The role of intangible assets in explaining the investment-profit puzzle
(Oxford Univ Press, 2019)
Starting around the early 2000s, and especially after the 2008 crisis, the rate of capital accumulation for US nonfinancial corporations has slowed down despite relatively high profitability; indicating a weakening of the ...
Determinants of Investment in Turkey: A Firm-Level Investigation
(Routledge Journals Taylor & Francis Ltd, 2019)
In this article we analyze the financing constraints-investment link for the case of Turkey between 1996 and 2013. As different from the existing studies on Turkey we use a more comprehensive data set that includes both ...
Growth and Distribution After the 2007-2008 US Financial Crisis: Who Shouldered the Burden of the Crisis?
(Edward Elgar Publishing Ltd, 2016)
The post-1980 era witnessed an increase in the frequency and severity of financial crises around the globe the majority of which took place in low-and middle-income countries. Studies of the impacts of these crises have ...
Capitalism Crisis and Class: The United States Economy after the 2008 Financial Crisis
(Sage Publications Inc, 2014)
The literature on the outcomes of the financial crisis in low- and middle-income countries in the post-1980 era presents three broad findings: first the burden of crises falls disproportionately on labor in general and ...
Capital Flows and Credit Expansions in Turkey
(Sage Publications Inc, 2014)
Literature on capital flows identifies various channels through which capital inflows could create financial fragility and economic instability in developing and emerging economies. Domestic credit expansion is one such ...
Contours of Alternative Policy Making in Venezuela
(Sage Publications Inc, 2014)
The economic policies of the Venezuelan government in the last decade represent a significant departure from neoliberal orthodoxy. This departure consists of a focus on greater national autonomy, a return to some of the ...
Heterogeneous effects of minimum wage on labor market outcomes: A case study from Turkey
(Walter de Gruyter, 2020)
We assess the effects of a sharp minimum wage increase on wages, informality, and employment in Turkey, a large developing economy with one of the highest minimum wage-to-average wage ratios among OECD countries and ...
R&D Activity and Financing Constraints: Evidence from Turkey
(Savez Ekonomista Vojvodine, 2020)
We analyze the relationship between financing constraints and firms' R&D activity using a rich and comprehensive firm-level balance sheet and income statement data set of manufacturing firms in Turkey for the period 1996 ...