Mine Kara
Bilkent University, Economics, Faculty Member
There is an important change in the economic growth literature since the 1980's. New growth theories are in ascendency. This shift also changed the scope in the development economics. Till late 1970's, development economics was built upon... more
There is an important change in the economic growth literature since the 1980's. New growth theories are in ascendency. This shift also changed the scope in the development economics. Till late 1970's, development economics was built upon aggregate demand and policy oriented-Keynesian macroeconomic models. This paradigm shift in growth macroeconomics, replaced development economics with market and productivity oriented general equilibrium theories. In this article, this ''new development economics'' is questioned, whether it really is compatible with the needs of the developing countries and if it can form a functioning development economics.
Research Interests:
By evoking economic turmoil in Europe, the global crisis of 2007-2008 had important impacts on the economic and political integration of the European Union (EU), leading to a reassessment of the relationship between the core–periphery... more
By evoking economic turmoil in Europe, the global crisis of 2007-2008 had important impacts on the economic and political integration of the European Union (EU), leading to a reassessment of the relationship between the core–periphery countries and the model of the ‘democratic European welfare state.’ Most studies that address this problem in the EU focus on the fiscal mismanagement and welfare policies of the non-core or periphery countries (i.e. Greece) as the main culprit. Unlike the mainstream ideas, this paper explains the recent European crisis as a result of the liberalization and deregulation process that started with the second globalization wave in the 1970s. This paper also questions whether the recent radical nationalist trend in the EU countries can be explained as a byproduct of the crisis, using Polanyi’s notion of “double movement”.
Research Interests:
Happiness and life satisfaction are two empirically correlated but conceptually different determinants of quality of life. It has been theorized that happiness is an affective construct, whereas life satisfaction is a cognitive one.... more
Happiness and life satisfaction are two empirically correlated but conceptually different determinants of quality of life. It has been theorized that happiness is an affective construct, whereas life satisfaction is a cognitive one. According to the recent literature, substantial levels of similarities are found among the determinants of satisfaction and happiness with life as a whole from satisfaction of various
Research Interests:
Happiness and life satisfaction are two empirically correlated but conceptually different determinants of quality of life. It has been theorized that happiness is an affective construct, whereas life satisfaction is a cognitive one.... more
Happiness and life satisfaction are two empirically correlated but conceptually different determinants of quality of life. It has been theorized that happiness is an affective construct, whereas life satisfaction is a cognitive one. According to the recent literature, substantial levels of similarities are found among the determinants of satisfaction and happiness with life as a whole from satisfaction of various specific domains (such as family and health). Using the Life Satisfaction 2006 Study: Household and Individual by the Turkish Statistical Institute we examine the determinants of happiness among Turkish people. We estimate an ordered probit model and our results suggest that higher income and having a job are two crucial determinants of happiness. Male and married people are happier than singles and females. Less educated people are happier than university educated people. If we exclude Easterling paradox, the findings of this paper confirm that there is not a big differenc...