City and Regional Planning / Şehir ve Bölge Planlama

Permanent URI for this collectionhttps://hdl.handle.net/11147/4274

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Author: search.filters.author.Erdem, UmutPublication Index: search.filters.publicationIndex.Scopus

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  • Article
    Citation - Scopus: 3
    Regional Inequality and International Trade in Turkey: a Dynamic Spatial Panel Approach
    (İstanbul Teknik Üniversitesi, 2017) Duran, Hasan Engin; Erdem, Umut
    Aim of the present article1 is to investigate the impact of trade liberalization on the evolution of regional income inequalities in Turkey between 2004-2011. Despite the large body of literature on this subject, there exists several directions which needs to be further explored. i. so far in the literature, the concept of trade openness is too broadly defined. However, it is not only ‘trade’ per se that can affect the regional economies but the composition of trade is also of great importance (Rodriquez-Pose and Gill, 2006). Indeed, it can be partitioned into two components, such as exports and imports. We analyze separately the impact of each component on the evolution of regional inequalities. ii. in most of the empirical studies dealing with this issue, neighboring regions are assumed to have no spatial economic interconnection between each other. We, therefore, incorporate spatial spillovers of trade and growth into our analysis. Our results are summarized in two groups: First, regional inequalities in Turkey are quite sizable but tend to decline over the period of analyses. Second, initially poorer regions that experience an export-based liberalization tend to grow faster than richer ones. Imports, on the other hand, have an opposite effect. © 2017, Istanbul Teknik Universitesi, Faculty of Architecture. All rights reserved.
  • Article
    Citation - Scopus: 6
    Regional Effects of Monetary Policy: Turkey Case
    (Euro-American Association of Economic Development Studies, 2014) Duran, Hasan Engin; Erdem, Umut
    Monetary policy is primarily designed for national purposes, say price stability. However, its impact may vary significantly across regions. Why some regions respond more strongly to monetary policy is a challenging topic both theoretically and empirically. Indeed, three main hypothesis on this issue have been put forward: (i) regions with high share of manufacturing, (ii) regions that include higher proportion of small-scale firms and banks, (iii) regions which are more open to trade are likely to respond more strongly to changes in monetary policy. Although these hypotheses have been thoroughly and heatedly discussed by a strand of scholars, far little attention has been paid to the role of geographical factors and spatial spillovers. In fact, we precisely address this issue. Aim of the present paper is to examine the validity of three hypotheses and, additionally, the role of spatial spillovers in regional monetary transmission mechanism in Turkey. Our analyses indicate three major results: First, provinces respond quite heterogeneously to unexpected changes in monetary policy. Second, spatial spillovers and geographical proximity clearly matter in monetary transmission such that neighboring regions are likely to exhibit similar reactions to monetary policy. Third, among the hypothesis above bank size and trade openness are found to be significant.