Structural Change and Industrial Policy in Turkey

Structural Change and Industrial Policy in Turkey

This paper presents evidence on structural change in Turkey and provides an overview of the evolution of industrial policy in the last three decades. Turkey has experienced substantial growth in labor productivity in the last decade. About two thirds of the increase in aggregate labor productivity arises from reallocation of employment from low to high productivity sectors and one third from pr...

Green industrial policy: Accelerating structural change towards wealthy green economies

Climate Change and Industrial Policy

This paper explores the implications of climate change for industrial policy (IP). Five implications are discussed, namely the need for international coordination of IPs; for putting human development, and not emission targets, as the overriding objective of low-carbon IP; of stimulating innovation for energy efficiency, energy diversification, and carbon capture and storage; and for aligning I...

Structural Change in the Biotech Seed and Chemical Industrial Complex

five years by the “coming of age” of agricultural biotechnology. Perhaps a more appropriate metaphor would be the birth and the preschool years of the first set of commercial products from recombinant DNA technology. We have witnessed much laboratory development, field testing, and seeking of regulatory approval in the United States (U.S.) and abroad in the last decade. Finally, the first signi...

Robust Estimation and Monetary Policy with Unobserved Structural Change Unobserved Structural Change

This paper considers the joint problem of model estimation and implementation of monetary policy in the face of uncertainty regarding the process of structural change in the economy. We model unobserved structural change through time variation in the natural rates of interest and unemployment. We show that certainty equivalent optimal policies perform poorly when there is model uncertainty abou...