Working Papers
ERF Working papers are a quick and efficient way of sharing research work to disseminate knowledge, receive feedback, obtain preliminary recognition, and ultimately, to prepare publications.
Latest Working Papers
Full List of Working Papers
Egypt’s Growth Performance Under Economic Liberalism: A Reassessment with New GDP Estimates, 1885-1945
Following a period of rapid growth in the late 19th century, Egyptian real per capita... Read More
Succession Effects in Radically Different Environments: A Study in Turkish Banking before and after Liberalization
This study examines the consequences of managerial succession in the banking sector of a highly... Read More
Macroeconomic Instability, Capital Accumulation and Growth: The Case of Turkey 1963-1999
This study investigates the empirical relationships between macroeconomic instability, capital accumulation and growth in Turkey... Read More
The Changing Financial Landscape: Opportunities and Challenges for The Middle East and North Africa
Economists have come to acknowledge that finance matters for development in more ways than had... Read More
Trade and Migration, Are they Complements or Substitutes: A Review of Four MENA Countries
This study reviews two types of migration flows within the Middle East North Africa (MENA)... Read More
Measuring Exchange Rate Misalignment
We propose a new methodology to measure exchange rate misalignment for Turkey, which has already... Read More
Diversity and Historical Processes in Human Development: The Decline of Rationality
The paper is divided into two parts: conceptual and factual. A conceptual review of the... Read More
Hiding Public Debt
This paper examines the determinants of hidden public debt—that is, government financial commitments and contingent... Read More