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Article Citation - WoS: 8Citation - Scopus: 10Current Account and Credit Growth: the Role of Household Credit and Financial Depth(Elsevier Science inc, 2020) Ekinci, Mehmet Fatih; Ekinci, Mehmet Fatih; Omay, Tolga; Omay, Tolga; Ekinci, Mehmet Fatih; Omay, Tolga; Economics; EconomicsUnderstanding the impact of financial variables on the current account balance is one of the priorities of academic literature and policymakers. Evidence from a broad panel of advanced and emerging countries shows that an increase in credit growth is associated with a significant deterioration in the current account balance. When we examine the roles of the components of credit, we find that an increase in household credit causes a significant decline in the current account balance, whereas an increase in business loans has no significant effect. Therefore, our findings indicate that the significant negative impact of credit growth on the current account balance is driven by household credit. Furthermore, we show that total and household credit growth rates have a stronger negative effect on the current account balance for lower levels of financial depth. Our results suggest that targeted policy measures that curb household credit growth might be more effective to reduce external imbalances particularly at the early stages of financial deepening.Article Citation - WoS: 10Citation - Scopus: 13Is There an Informal Employment Wage Penalty in Egypt? Evidence From Quantile Regression on Panel Data(Physica-verlag Gmbh & Co, 2020) Tansel, Aysit; Keskin, Halil Ibrahim; Ozdemir, Zeynel AbidinThis is the first study that uses panel data to assess the magnitude of the informal sector wage gap in Egypt. We consider the private sector male wage earners in Egypt and examine their wage distribution during 1998-2012 using the Egyptian Labor Market Panel Survey. We estimate Mincer wage equations both at the mean and at different quantiles of the wage distribution taking into account observable and unobservable characteristics with a fixed effect model. We also consider the possibility of nonlinearity in covariate effects and estimate a variant of matching models. We find a persistent informal wage penalty in the face of extensive sensitivity checks. It is smaller when unobserved heterogeneity is taken into account, and unlike many previous studies, there are very few differences across the conditional wage distribution. We also examine the informal wage penalty over time and in different subgroups according to age and education. The informal wage penalty has increased recently over time and is larger for the higher educated and the young.Article Citation - Scopus: 9Education, Human Capital Inequality and Economic Growth: Evidence From Turkey(Euro-American Association of Economic Development Studies, 2010) Gungor,N.D.Recent studies consider the unequal dispersion of human capital as a possible explanation for regional and cross-country variations in output growth. An unequal dispersion of human capital is expected to affect growth negatively through its negative effect on human capital accumulation and on the efficient allocation of resources. The paper focuses on the relationship between human capital inequalities and economic growth for the provinces of Turkey in the period 1975-2000. Education inequality turns out to be an important factor explaining variations in output growth and there is evidence that this effect occurs mainly through the inefficiency channel.
