Yazar "Aydin, Levent" seçeneğine göre listele

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    Economic impact of oil price shocks on the Turkish economy in the coming decades: A dynamic CGE analysis
    (Elsevier Sci Ltd, 2011) Aydin, Levent; Acar, Mustafa
    As a small open economy, Turkey depends on both imported oil and natural gas, importing almost two-thirds of its primary energy demand. This paper analyzes the economic effects of oil price shocks for Turkey as a small, open oil- and gas-importing country. To analyze the potential long-term effects of oil price shocks on macroeconomic variables of interest, including GDP, consumer price inflation, indirect tax revenues, trade balance, and carbon emissions, we developed TurGEM-D, a dynamic multisectoral general equilibrium model for the Turkish economy. Using TurGEM-D, we analyzed the impact of oil price shocks under three distinct scenarios: reference, high and low oil prices. The simulation results show that these oil prices have very significant effects on macro indicators and carbon emissions in the Turkish economy. (C) 2011 Elsevier Ltd. All rights reserved.
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    The economic impact of petroleum royalty reform on Turkey's upstream oil and gas industry
    (Elsevier Sci Ltd, 2012) Aydin, Levent
    The aim of this paper is to examine the economic impact of the royalty reform. The draft Turkish petroleum Law introduces two important fiscal changes to increase to increase domestic petroleum production, further national petroleum supply, attract investors and harmonize its laws with those of the European Community: (1) progressive sliding royalty relief on oil and gas production leases and (2) 50% of the royalty shall be transferred to province where the production lease exists. Results included in this analysis indicate that there would be 2% increase in oil production thanks to 128 oil fields extending economic life and 0.5% increase in gas production thanks to 63 gas fields due to their profitability in the forecasted period. Half of royalty is transferred to low per capita income provinces and tends to contribute distribution of income. However, half of gas royalty is transferred to high income per capita provinces. (C) 2011 Elsevier Ltd. All rights reserved.
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    Economic Implications of Turkey's Regional Integration with its Neighborhood
    (Ahmet Yesevi Univ, 2013) Aydin, Levent; Acar, Mustafa
    This paper analyzes the impact of Turkey's regional integration with the neighbourhood in an applied general equilibrium framework. The standard GTAP model has been extended to address the two main components of Turkey's possible integration: mutual elimination of import tariffs and free movement of labor among regions. The results suggest that all regions (Turkey, Russia, Former Soviet Union and the Middle East) would experience welfare gain under trade liberalization policy reform. Labor mobility does not cause considerable changes in real GDP (less than 0.1 percent) through increasing real wages in the labor exporting regions.