An institutionalist perspective on the future of the capitalist world-economy

Ozcelik, E
Ozveren, E


Institutional approaches to technology and economic history
Dildar, Yasemin; Yıldırım, Onur; Department of Economics (2009)
This thesis is an attempt to reassess the long debated issues of economic history from the perspective of institutional economics. Besides examining different approaches to technology and its impact on economic and social life, it analyzes the role of institutions in history. It discusses the institutional interpretations of the critical developments of economic history such as, the Industrial Revolution and the Great Divergence, with an emphasis on differences between the two scholarly traditions, namely, ...
Critical realism as a rival methodology for institutional economics
Gürpınar, Erkan; Özveren, Eyüp; Department of Economics (2008)
The aim of the thesis is to clarify the methodology of the original institutional economics and then to evaluate the current attempts to utilize critical realism as a superior methodology for it. After sketching the historical background of the discussions surrounding methodology of science and 19th century economic methodology, the thesis separately analyses the methodology of institutional economics and critical realist stance in the philosophy of science. A critical discussion of the subject matter reach...
The twin deficits hypothesis : an empirical investigation
Yanık, Yeliz; Özmen, Erdal; Department of Economics (2006)
This study investigates the validity of the twin deficits hypothesis for the Turkish quarterly data over the 1988:1-2005:2 periods. To this end, we consider a VAR variable space containing budget deficits, current account deficits, real output, real interest rates and real exchange rates and employ cointegration, equilibrium/error correction mechanism techniques along with Granger-non-causality tests and impulse response analyses. The empirical results from decompositions of the budget and current account d...
Real exchange rates and real interest rate differentials : an empirical investigation
Can Mutan, Oya; Özmen, Erdal; Department of Economics (2005)
This study investigates the validity of the real exchange rate-real interest rate differential (RERI) relationship for a sample of twenty-three developing and developed countries. The results based on the Johansen cointegration analysis suggest the validity of the long-run RERI relationship only for a small number of countries including Canada, Italy, Switzerland, Belgium, Chile, Israel and Norway. Real interest rate differentials are found to be positively associated with real exchange rates in the long-ru...
Direct foreign investment in Turkish manufacturing industry
Koldaş, Tevfik; Şenses, Fikret; Department of Economics (2005)
This study deals with direct foreign investment (DFI) in Turkish manufacturing industry with two main objectives: First, the reasons of the failure of Turkish economy in attracting sufficiently high levels of DFI is analysed as compared to the experiences other developing countries that have been successful on this count. Second, the impact of DFI in Turkish manufacturing industry is analysed in terms of export, employment, and technology contribution as well as the comparative behaviour of domestic and DFI...
Citation Formats
E. Ozcelik and E. Ozveren, “An institutionalist perspective on the future of the capitalist world-economy,” JOURNAL OF ECONOMIC ISSUES, pp. 413–420, 2006, Accessed: 00, 2020. [Online]. Available: