Browsing by Author "Yeldan, Erinç"

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    Planning for Regional Development: A General Equilibrium Analysis for Turkey
    (Springer, 2015) A. Erinç YELDAN; Ebru Voyvoda; Kamil Taşçı; Mehmet Emin Özsan; Yeldan, Erinç; Özsan, Mehmet Emin; Voyvoda, Ebru; Taşçý, Kamil; Emin Özsan, Mehmet; Taşçı, Kamil
    In this study we investigate the macroeconomic effects of two complementary policy environments to invigorate growth employment and income equality across two broadly differentiated regions in Turkey: poor and high/mid-income. With the aid of a regional computable general equilibrium model that disaggregate the production structure into 13 sectoral activities and two geographical regions we first study the long run dynamic effects of a regional production and investment subsidization program. Second we supplement this environment by a productivity enhancement program in the poor region. Our results reveal that regionally differentiated productivity enhancing measures coupled with a subsidized investment program to facilitate capital accumulation and reduce the outflow of factors out of the poor region are of utmost importance in designing a sustained growth path to pull the aggregate economy from the dual traps of middle income and of poverty. © 2022 Elsevier B.V. All rights reserved.