Show/Hide Menu
Hide/Show Apps
Logout
Türkçe
Türkçe
Search
Search
Login
Login
OpenMETU
OpenMETU
About
About
Open Science Policy
Open Science Policy
Open Access Guideline
Open Access Guideline
Postgraduate Thesis Guideline
Postgraduate Thesis Guideline
Communities & Collections
Communities & Collections
Help
Help
Frequently Asked Questions
Frequently Asked Questions
Guides
Guides
Thesis submission
Thesis submission
MS without thesis term project submission
MS without thesis term project submission
Publication submission with DOI
Publication submission with DOI
Publication submission
Publication submission
Supporting Information
Supporting Information
General Information
General Information
Copyright, Embargo and License
Copyright, Embargo and License
Contact us
Contact us
Simulating the Turkish economy under informality
Download
index.pdf
Date
2014
Author
Öztürk, Özgen
Metadata
Show full item record
Item Usage Stats
231
views
81
downloads
Cite This
The existence of a large shadow economy is one of the most important problems of developing countries, since informality mitigates tax revenues of governments, causes inefficiency in the economy and disrupts the welfare of the society. The aim of this study is to analyze the effects of the existence of a large informal sector on the macroeconomic variables and welfare of Turkey. The constructed model for this purpose is a two sector overlapping generations (OLG) model. As far as I know, this is the first study in which the model incorporates endogenous labor supply, population growth, bequest motive, Pay-As-You-Go (PAYG) pension system and informality in a 55-period OLG environment for Turkey. Simulation results indicate that, besides the costs to the government, the existence of a large shadow economy is also detrimental to the households and firms of the informal economy and disrupts the welfare of the whole society in Turkey.
Subject Keywords
Informal sector (Economics).
,
Equilibrium (Economics).
URI
http://etd.lib.metu.edu.tr/upload/12617578/index.pdf
https://hdl.handle.net/11511/23699
Collections
Graduate School of Social Sciences, Thesis
Suggestions
OpenMETU
Core
Simulating the Turkish Tax System
Derin Güre, Pınar (Middle East Economic Association and Loyola University Chicago, 2014-09-01)
Tax systems are used for economic and social concerns such as promoting the economic growth or decreasing the income inequality and tax evasion, increasing the social welfare, etc. Researchers argue that the consumption taxes are quite high in Turkey compared to other OECD countries. Since, the proposed tax reform in this study decreases the VAT rate to 15 percent and increases the top statutory income tax rate to 40 percent. This paper constructs and present first set of a 55-period overlapping generations...
Effect of different levels of education on economic development in Turkey : a panel analysis
Hüsamoğlu, Müşerref; Tansel, Aysıt; Department of Economics (2008)
In this study, I aimed to examine the impact of different levels of education on real GDP (and real GDP per workforce) in Turkey, and hence the relationship between different levels of education and the standard of living is estimated by panel data techniques. The panel data set in the study is constructed by pooling 67 provinces of Turkey over the period of 1975-2000. Furthermore, in the empirical work, two models are employed: the model introduced by Knowles (1997) and the augmented Solow model with diffe...
Estimating the surplus in the periphery: an application to Turkey
Somel, C (Oxford University Press (OUP), 2003-11-01)
This note discusses how the economic surplus concept can be used to analyse the constraints the world system imposes on economic development. An estimation of the surplus for Turkey for 1980-96 utilises Kohler's unequal exchange analysis to measure the transfer of surplus abroad and the official minimum wage to calculate essential private consumption. The estimation yields the allocation of the surplus between nonessential consumption, investment and unrequited transfers abroad. The note assesses Lippit's a...
Economic liberalism and performance of developing countries: a comparative analysis
Altun, Gizem; Şenses, Fikret; Department of Economics (2009)
Economic liberalism has always been a very controversial issue in the content of development economics. The relation of neo-liberalism with economic development, as today’s dominant discourse of economics, has been highly debated in the last decades. The main objective of this thesis is to investigate this relationship via comparing four countries’ development experiences; Argentina, China, Turkey and Poland, in between 1965-2005. In addition to that purpose, this thesis aims to analyze whether the experien...
Managing Turkish debt: An OLG investigation of the IMF's fiscal programming model for Turkey
Voyvoda, Ebru (Elsevier BV, 2005-09-01)
In this paper we investigate the fiscal policy alternatives on domestic debt management, cohort welfare, and growth for the Turkish economy. We utilize a model of exogenous growth in the overlapping generations (OLG) tradition with intertemporally optimizing agents and open capital markets, calibrated to the Turkish economy in 1990s. We examine the macroeconomic effects of the current IMF-led austerity program driven by the objective of attaining primary fiscal surpluses and illustrate the sensitivity of th...
Citation Formats
IEEE
ACM
APA
CHICAGO
MLA
BibTeX
Ö. Öztürk, “Simulating the Turkish economy under informality ,” M.S. - Master of Science, Middle East Technical University, 2014.