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on Central and Western Asia |
| By: | Ugur, Mehmet |
| Abstract: | Lack of academic freedom has always been a hallmark of the Turkish higher education system. Any de facto respect for it has been wrenched from the Turkish state apparatus (including the government, the military and the YÖK) as a result of resistance by academics and students alike. A salient fact about Turkish higher education is that universities that have toed the government line have remained poor performers, whereas those where staff and students showed resistance to state intrusion have done better in terms of research quality, graduate employability and international recognition. Nevertheless, successive AKP governments since 2003, with Erdoğan as prime minister or president, have been determined to maintain the long-standing state tutelage over Turkey’s higher education system. The expected prize is the production of graduates disposed to submit to authority – particularly state authority – without much questioning. |
| Keywords: | Academic freedom; higher education; Turkey |
| Date: | 2016–05 |
| URL: | http://d.repec.org/n?u=RePEc:gpe:wpaper:15526&r=cwa |
| By: | Osman Furkan Abbasoglu (Istanbul School of Central Banking, Central Bank of the Republic of Turkey); Ayse Imrohoroglu (Marshall School of Business, University of Southern California); Ayse Kabukcuoglu (College of Administrative Sciences and Economics, Koc University) |
| Abstract: | During the 2011-2015 period, Turkey's current account deficit as a percentage of GDP was one of the largest among the OECD countries. In this paper, we examine if this deficit can be considered sustainable using the Engel and Rogers (2006) approach. In this framework, the current account of a country is determined by the expected discounted present value of its future share of world GDP relative to its current share. A country, whose income is anticipated to rise relative to the rest of the world is expected to borrow now and run a current account de cit. Our findings suggest that Turkey's current account deficit in 2015 may be considered sustainable if the Turkish economy's share in the world economy could continue to grow at rates similar to the past. The same approach, however, indicates that the current account deficit in 2011, at its peak, was unlikely to be sustainable. |
| Keywords: | Current account; open economy macroeconomics; growth |
| JEL: | F32 F41 F43 |
| Date: | 2017–02 |
| URL: | http://d.repec.org/n?u=RePEc:koc:wpaper:1705&r=cwa |