The Impact of and Policies for the 2023 Kahramanmaraş Earthquake
Policy Note / Burcu Aydın Özüdoğru 24/04/2023 - This policy note examines the economic impact of the two earthquakes that occurred on February 6, 2023, in Pazarcık and Elbistan districts of Kahramanmaraş, of magnitude (Mw) 7.7 and 7.6, causing a great number of fatalities, destruction and damage in 11 provinces in the region, and recommends structural and economic recovery policies. The paper shows that the death toll and the loss of capital in the earthquake region, and the cost of re-construction and rehabilitation will have a significant and long-term negative impact on the Turkish economy, especially on growth, employment, inflation, fiscal and financial accounts, wealth, and poverty. In this paper, we use the preliminary data available a few weeks after the earthquake, and w [More]
Has there been a rapprochement between Turkey and the west after the invasion of Ukraine?
Evaluation Note / Nilgün Arısan Eralp 21/03/2023 - It has been more than a year since Russia has invaded Ukraine and no one knows where this war is heading to. According to Fiona Hill , most probably the World will face an unstable stalemate in this case. We are neither sure about how it might end in the battlefield nor the conditions that might lead the parties – especially Russia – to the negotiating table. Russia seems to have maximalist demands like the recognition of all the annexed territories, while Ukraine, backed by the West, wants to take back most of its occupied land. These two are obviously uncompromising. After the invasion we have witnessed two major developments: First “the invasion disproved the founding assumption of the post–Cold War order, namely, that Russia—u [More]
In the third quarter of 2022, the current account deficit accelerated and internal imbalance indicators indicated potential risks toward financial stability
The 9th issue of TEPAV Macroeconomic Imbalance Indicators Bulletin has been published. 16/02/2023 - Following the publication of the official statistics for the third quarter of 2022, the MIP Scoreboard has been revised. The updated indicators show that the decreases in unit labor costs accelerated in this quarter and the real effective exchange rate maintained its high negative values despite the rapidly rising inflation. In spite of the strong competitive position implied by the historically low levels, the leading data on Turkey's share in world exports point to a loss of momentum in the export rate, and the deterioration in the current account balance, which started as of 2022, is accelerating. Hence, the indicator of the current account deficit reached the highest level of the last 4 years as of the third quarter of 2022. On t [More]
TEPAV attended T20 India Inception Conference
TEPAV attended the T20 Inception Conference held in New Delhi, India on 13-14 January 2023 organized with the participation of the members of research institutes and Think Tanks and chairs and co-chairs of Task Forces under T20. 06/02/2023 - TEPAV attended the T20 Inception Conference held in New Delhi, India on January 13-14, 2023 with the T20 working group consisting of TEPAV Founding Director Güven Sak, G20 Studies Center Director Sait Akman and Economic Data Analysis Center Director Gülbin Şahinbeyoğlu. Members of the Think Tanks, research institutes and chairs and co-chairs of the Task Forces under the T20 joined the conference where the opening speech was delivered by Amitabh Kant, G20 India Sherpa and keynote addresses were given by Oil, Natural Gas Minister Hardeep S. Puri and Ministry of Foreign Affairs G20 Secretary Eenam Gambhir. The plenary sessions and panels were held in four different themes based on the priority research areas determined for G20 Indi [More]
“Cyprus: Is there any hope for a solution?”
In the meeting titled “Cyprus: Is there any hope for a solution?” held at TEPAV, the views on the Cyprus problem were shared. 30/01/2023 - In the meeting titled “Cyprus: Is there any hope for a solution?” held at TEPAV on January 24, views on the Cyprus problem and the possible solutions were discussed. It was emphasized that the Turkish Cypriots and Turkey lost their appetite for a biz-zonal, bi-communal federation, whereas the two-state solution proposed by Turkey is not being accepted at the moment by the other parties. Nilgün Arısan Eralp, Director of the Center for EU Studies at TEPAV, who was the moderator of the meeting, stated in her opening speech that the Cyprus problem, which is perceived as a "frozen" conflict by the international community, is indeed important in many respects. She iterated the respective solution attempts to the problem that have been in [More]
Is the EU ready for and/or willing to a change in Turkey? Evaluation Note / Nilgün Arısan Eralp
10/01/2023
Although the European Union (EU) and the relations with it seem to be insignifi
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EU - Turkey Relations,
2021 Macroeconomic Imbalance Indicators: European Union and Turkey The 8th issue of TEPAV Macroeconomic Imbalance Indicators Bulletin has been published.
21/12/2022
When the developments in the EU economy are examined in the light of the MIP indicators, it is observed that the contraction in the GDP in the member countries has been compensated to a large extent in the post-pandemic period and the grow
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G20: Emerging Economies and Their Increasing Role in Boosting Global Economic Recovery TEPAV Participated in the Webinar by China Development Institute on G20: Emerging Economies and Their Increasing Role in Boosting Global Economic Recovery
06/12/2022
G20 has been an important mechanism for global economic governance since its inception. Among the G20 members, emerging economies are major contributors to global economic growth. However, global economic recovery following Covid-19 is still
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G20,
“A holistic agricultural policy framework is needed for food price stability in Turkey” The three-stage workshop series carried out in cooperation with GIZ, TEPAV and IPA was completed with the last, in person, workshop held on November 22, 2022.
05/12/2022
ISTANBUL - Within the scope of the Promotion of Economic Prospects (PEP) Programme financed by the German Federal Ministry for Economic Cooperation and Development (BMZ), the workshop titled “Planning Tomorrow's Food System Today”, which
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International Trade: Still Flourishing Against All Odds? Evaluation Note / M. Sait Akman
02/12/2022
G20 agenda is full of items that aim to respond to multiple crisis and challenges: the need for a sustainable economic recovery, food and energy crisis, climate change, and now the Russia-Ukraine war and its repercussions in global system. G2
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The Restless Geography: The European Union, Türkiye and the Balkans
Turkey's economy is like a sailing ship, going wherever the winds blow it
Turkey needs to increase its ‘readiness’ for future of production
