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on Central and Western Asia |
| By: | Ayca Akarcay-Gurbuz (Galatasaray University and GIAM); Sezgin Polat (Galatasaray University and GIAM) |
| Abstract: | We estimate the intergenerational transmission of education in Turkey using micro-data from the 1990 and 2000 censuses. We construct a unique historical series of provincial enrollment rates by gender to isolate the environmental effect on parental education using an instrumental variable (IV) approach. The results reveal that the effect of maternal education is not linear and is stronger particularly for daughters. Intergenerational educational inequality decreases over time, with a greater improvement in the case of sons. Village residence and poor labor market conditions are other significant obstacles to girls’ compared to boys’ post-compulsory education. |
| Date: | 2015–06 |
| URL: | http://d.repec.org/n?u=RePEc:koc:wpaper:1510&r=cwa |
| By: | Suleymanov, Elchin; Aliyev, Khatai |
| Abstract: | The aim of this research is to analyze macroeconomic performance and discuss transition indicators in Azerbaijan economy for 1991-2012. After regaining independence in 1991, Azerbaijan implemented economic transition process toward market economy. In first years of independence serious economic recession was observed. However, after 1995, restructuring of the economy was started. In this sense, signing “Contract of the Century” was a turning point toward oil based high speed economic growth or oil boom period. Thus, by opening “Baku-Tbilisi-Ceyhan” pipeline in 2005, Azerbaijan’s macroeconomic indicators experienced with considerable growth for following years. On the other hand, Azerbaijan officially declared the end of economic transition process in its economy in 2009. Here, the author discusses political-economic and economic process in whole period as well as analyzes macroeconomic performance with and without oil & gas contribution. In addition, the author questions if economic transition was ended in Azerbaijan economy. After all, it is concluded that oil & gas production has serious impact over macroeconomic indicators and transition indicators for Azerbaijan implies the end of economic transition partly, not totally. |
| Keywords: | Azerbaijan economy, macroeconomic analysis, oil & gas, economic transition |
| JEL: | E0 E00 Q4 Q43 |
| Date: | 2015–05–19 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:65306&r=cwa |
| By: | Provash Mali; Amitabha Mukhopadhyay |
| Abstract: | The multifractal detrended fluctuation analysis technique is employed to analyze the time series of gold consumer price index (CPI) and the market trend of three world's highest gold consuming countries, namely China, India and Turkey for the period: 1993-July 2013. Various multifractal variables, such as the generalized Hurst exponent, the multifractal exponent and the singularity spectrum, are calculated and the results are fitted to the generalized binomial multifractal (GBM) series that consists of only two parameters. Special emphasis is given to identify the possible source(s) of multifractality in these series. Our analysis shows that the CPI series and all three market series are of multifractal nature. The origin of multifractality for the CPI time series and Indian market series is found due to a long-range time correlation, whereas it is mostly due to the fat-tailed probability distributions of the values for the Chinese and Turkey markets. The GBM model series more or less describes all the time series analyzed here. |
| Date: | 2015–05 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:1506.08847&r=cwa |