2008 financial crisis and income distribution in Turkey

Quality & Quantity - This study provides some new evidence for the 2008–2009 Global Financial Crisis on income inequality in Turkey. Two methodologies were used in the study. The first...     

Economic reforms and income distribution in Turkey

The aim of this paper is, first, to find out the income sources of the improvement in income inequality in the reform period between 2002 and 2007. s, we aim to assess the distributional impacts of macroeconomic policies over the 2002–2007 reform period by examining the contributions of different income groups to overall inequality. Income data obtained from the Household Budget Surveys of TurkStat covering the 2002–2013 period are used. The results show that there have been significant improvements in the income distribution after 2002. The extent of this improvement seems to have been higher during the 2002–2007 reform period than for the rest of the period after 2007. Entrepreneurial and financial income groups were the most distinctive for this improvement. The results also indicate that the contribution of transfer payments was very small, but surprisingly positive in both the 2002–2007 and 2007–2009 periods, and expectedly negative in the 2009–2013 period.     

The effects of reforming regulation in resolving insolvency towards EODB rank improvement: Evidence from Indonesia

This article examines the effectiveness of policy reform and implementation in resolving insolvency in Indonesia. The Ease of Doing Business (EODB) in Indonesia has significantly increased over the last 6 years, from ranking 129th in 2012 to 73rd in 2019. Among the 10 EODB indicators, resolving insolvency was identified to be the highest contributing indicator. In 2019, this indicator ranked 36th—far above the overall aforementioned Indonesian EODB score, a 73rd worldwide ranking. This article examines the factors leading to a high bankruptcy settlement score as well as the indicators that must be improved to raise Indonesia's EODB ranking.     

The Role of Middle Class in Economic Development: What Do Cross‐Country Data Show?

This paper investigates the channels through which the middle class may matter for consumption growth. Using several different middle‐class measures and a panel of 105 developing countries spanning the period 1985–2013, we find that a larger middle class influences consumption growth primarily through higher levels of human capital accumulation. There is also a significant direct effect of middle‐class size on consumption growth, which is more pronounced in the latter half of the sample, the 2000–2013 period.     

Selling goods of unknown quality: forward versus spot auctions

We consider an environment where the sale can take place so early that both the seller and potential buyers have the same uncertainty about the quality of the good. We present a simple model that allows the seller to offer the good for sale before or after this uncertainty is resolved, namely via forward auction or spot auction, respectively. We solve for the equilibrium of these two auctions and then compare the resulting expected revenues. We also consider the revenue implications of insurance in forward auctions.     

The Effects of Team Flexibility and Emotional Intelligence on Software Development Performance

As both business and technological environments change at an increasing rate, flexibility and emotional intelligence have become critical issues for project management. Even though previous research has examined the relationship between team flexibility and team performance and that between the emotional intelligence of teams and team outputs, there remains a gap in literature in respect to a holistic model. Accordingly in this paper, we examine the relationships among software team flexibility, emotional intelligence, and software project outputs (market success, speed to market, and the functionality of the new software product) using survey data from 86 software development projects. The results reveal positive a relationship between the diversity dimension of software project team flexibility and emotional intelligence. The first dimension of software team flexibility, team autonomy, positively affected market success, speed to market, and software functionality, whereas the second dimension, team diversity, positively affected only speed to market and software functionality. The emotional recognition of team members for both themselves and their teammates appears to be another important factor affecting the speed to market and functionality of the new software products. Managerial and theoretical implications of the study are discussed.     

Why and When Do Governments Initiate Public Enterprise Reform?

Initiating public enterprise reform is a complex decision influencedby economic factors as well as the ideological biases and personalitiesof political leaders. Nevertheless, the use of a contractingframework yields important generalizations about what drivesthe decision. This article argues that the decision dependsfundamentally on the potential efficiency gains from the reformand its associated transactions costs. Costs arise because ofasymmetries in information and opportunism, problems that usuallyplague contract negotiations. The article identifies observablevariables that may affect either the potential gains or thetransactions costs, uses them to construct a simple probit decision-makingmodel, and tests the model using data from fifteen developingcountries over a twenty-year period.     

Factors related with unintentional injuries in children with newly diagnosed attention-deficit/hyperactivity disorder

The aim of the present study was to investigate the factors associated with unintentional injury in children newly diagnosed with attention-deficit/hyperactivity disorder (ADHD). One thousand four hundred and thirty children between the ages of 6 and 18 who were diagnosed with ADHD for the first time in child psychiatry outpatient clinics were included in the present study. The socio-demographic information of the children, their developmental histories, chronic physical health conditions, comorbid psychiatric disorders, and information obtained via the Turgay DSM-IV-based Child and Adolescent Disorders Screening and Rating Scale were examined retrospectively. It was determined that 12.8% of the children (n = 183) experienced unintentional injury. It was established that age, male gender, disruptive behavioural problems, and low education levels among mothers were predictive of unintentional injuries. The results of the present study suggest that behavioural problems accompanying ADHD and comorbid psychiatric disorders are important in terms of unintentional injuries.     

A note on generalized wald’s method

Let {v _n(θ)} be a sequence of statistics such that whenθ =θ ₀,v _n(θ ₀) N _p(0,Σ), whereΣ is of rankp andθ εR ^d. Suppose that underθ =θ ₀, {Σ _n} is a sequence of consistent estimators ofΣ. Wald (1943) shows thatv _n ^T (θ ₀)Σ _n ⁻¹ v _n(θ ₀) x ²(p). It often happens thatv _n(θ ₀) N _p(0,Σ) holds butΣ is singular. Moore (1977) states that under certain assumptionsv _n ^T (θ ₀)Σ _n ⁻ v _n(θ ₀) x ²(k), wherek = rank (Σ) andΣ _n ⁻ is a generalized inverse ofΣ _n. However, Moore’s result as stated is incorrect. It needs the additional assumption that rank (Σ _n) =k forn sufficiently large. In this article, we show that Moore’s result (as corrected) holds under somewhat different, but easier to verify, assumptions. Research partly supported by the U.S. Army Research Office through the Mathematical Sciences Institute at Cornell University.