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  • Article
    Citation - WoS: 10
    A Cross-Sectional Analysis of Income, Consumption and Saving Behavior of Turkish Household
    (Bilgesel Yayincilik San & Tic Ltd, 2009) Cilasun, Seyit Muemin; Kirdar, Murat Gueray
    A cross-sectional analysis of income, consumption and saving behavior of Turkish household This paper investigates the age profiles of income, consumption and saving of Turkish households, compares them to the profiles reported for various developing and developed countries, and evaluates the results within a life-cycle theory framework. These life-cycle profiles are constructed for separate income quartiles and education groups as well as for the whole population. It is crucial to understand the consumption and saving behavior of different income groups in Turkey due to the high level of income inequality. As current income could be affected by temporary income shocks, we use educational attainment level as an instrument for permanent income in analyzing the relationship between income and consumption/saving. Furthermore, the age profiles presented in this study provide us information as to how savings may evolve in the future as a result of changing demographic conditions. In the second part of the study, cross-section profiles of income, consumption, and saving from 2002 to 2006 are compared to see how these profiles have evolved over time.
  • Article
    Does R&d Intensity Contribute To Technical Efficiency in Turkey?
    (Bilgesel Yayincilik San & Tic Ltd, 2014) Kalayci, Elif; Pamukcu, M. Teoman
    The effect of R&D intensity and R&D spillovers on the technical efficiency of R&D performers has not been examined for the Turkish manufacturing sector. This study investigates whether R&D intensity and R&D spillovers contribute to firms' technical efficiency. Employing stochastic frontier analysis, we use micro-level data for 2003-2007 R&D performers. We find that neither R&D intensity nor R&D spillovers exert a statistically significant effect on the technical efficiency of low-tech R&D performers. On the other hand for high-mid tech R&D performers R&D spillovers are found to affect technical efficiency of positively. Subcontracting work and having a large market share are also positively related with technical efficiency.