Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract The basic canonical model fails to predict the aggregate college premium outside of the original sample period or to account for the observed deviations in college premia for younger vs. older workers. This paper documents that these failings are due to mis-measurement of the relevant prices and quantities when using composition adjustment methods to construct relative skill prices and supplies, which ignore cohort effects that are particularly important in the 1980s and 1990s. Re-estimating the model with prices and quantities that incorporate cohort effects produces a good fit for the out of sample prediction and explains the observed deviation in the college premium for younger vs. older workers even with perfect substitutability across age. Moreover, the estimated elasticity of substitution between high and low skill is higher and there is a much smaller role for SBTC in explaining the path of the college wage premium. The elasticity of substitution is also an important parameter for the broader literature on education and wages, especially in assessing general equilibrium responses to government policies. In the case of a tuition subsidy, price responses can undo most of the direct (partial equilibrium) effect of the subsidy on enrolment, so that general equilibrium enrolment responses are substantially weaker. The higher elasticity estimated in this paper, produces much weaker general equilibrium relative price changes and stronger enrolment effects. Terms of use: Documents in

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Relations between migration and economic growth have been shaped around both positivist and Non-positivist ideas in the economic literature. Approaches based on the Positivist argument mostly views the effect of migration on economic growth through the lens of human capital and brain drain while Non-positivist argument approaches the issue in terms of the negative effects of unqualified labor. On the other hand, increasing migration at the international level has been gaining importance since immigrants create socio-economic problems in both their native and destination countries. In this study, effects of migration, which constitutes and important problem both at the national and the international level, on economic growth were investigated in the light of these approaches. Relations between migration and economic growth in the developing countries were researched through panel data methods. According to the findings of the study, migration has a negative effect on economic growth. Therefore, it can be said that immigration of qualified human capital and brain drain has important consequences for the economic development of countries. This situation undoubtedly implies implementation of policies which directly affects the amount of investment to human capital.

Regional imbalance is an important socioeconomic problem which can be seen in many countries. The development agency tool which is implemented by many developed or developing countries in order to eliminate the regional imbalances is an important actor in especially implementation of regional plans and policies. In this study, especially the development of Regional Development Agency, which became an important implementation of development strategies in regions especially since early 2000s is evaluated.

Tasarruf ve yatırım, ekonominin temel konularından biri olan ekonomik büyüme ile yakından ilişkilidir. Büyüme hızı, yatırımların miktarına ve bu yatırımların verimliliğindeki artışa bağlıdır. Yatırımlar ise tasarruf şeklinde elde edilen fonları gerektirmektedir. Bu noktada ortaya çıkan sorun yatırımların ne kadarının ulusal tasarruflarla finanse edildiğidir. Öte yandan sermayenin herhangi bir kısıtlama olmaksızın ülkeye girip çıkabilmesi, sermaye hareketlerinin serbest olduğunu gösterir. Bu da yurtiçi tasarrufların yetersiz kaldığı durumda yabancı tasarruflardan yararlanma imkânı tanımaktadır. Dolayısıyla hem yerli hem de yabancı tasarruflar, sermaye birikimi ve ekonomik kalkınma için kritik öneme sahiptir. Feldstein-Horioka (1980), tasarruf ve yatırım arasındaki korelasyon ne kadar güçlüyse, uluslararası sermayenin o kadar az hareketli olacağını varsaymaktadır. İşte teorik beklentilere ters olan bu durum iktisatta bir bulmaca olarak nitelendirilmektedir. Bu çalışmada, Feldstein-Horioka Bulmacası Türkiye ekonomisi için 1983-2019 dönemi ele alınarak araştırılmıştır. Geleneksel birim kök testleri ve Fourier ADF testi ile yapılan durağanlık incelemesinin ardından uygulanan Fourier Shin eşbütünleşme testi sonuçları, yatırım ve tasarruf arasında uzun dönemli bir ilişki olduğunu kanıtlamıştır. Katsayı tahmini ise ilgili dönemde Türkiye'de tasarrufların yurtiçi yatırımların %53'ünü karşıladığını göstermiştir. Sonuç olarak ilgili dönemde Türkiye'de Feldstein-Horioka Hipotezi geçerlidir.