Suchergebnisse

Turkish government has increased the importance of Konya-Karapınar region by making the area a pilot region for solar energy production. In the near future, the government plans to have a 4 GW solar energy plant in the area. According to this master plan, a pilot solar energy production system was established in the Necmettin Erbakan University campus. A 1000W two-axis tracking and 1000W fixed panels were implemented in this system. In this paper, the performance of these panels are compared and evaluated. 25 years of solar radiation data for Konya is taken from the state meteorology institute, and the produced energy is compared with the predicted values. Tracking panels are found to be approximately 25% more efficient than the fixed panels. However, the maintenance of the tracking panels is observed to be more costly. Moreover periodic cleaning and repairs are found to be very important and another cost factor for both systems. Using the insight from this pilot system, an economic analysis of a large scale 1MW solar energy plant to be established in the campus is performed. For this analysis, fixed panels are considered due to the low investment and maintenance costs and the simplicity of the maintenance work. It is found that the 1MW solar plant will recover the investment cost within 7-8 years and will provide almost 3M$ profit after 20 years.

In the aftermath of the Global Financial Crisis (GFC), financial stability' emerged as one of the key pillars of economic policy-making and as a new mandate for central banks. In spite of the acceptance and prominence of financial stability goal, we know very little about the mechanisms of institutional change and the role of institutional entrepreneurship in particular, to pursue financial stability objective in national contexts. This study investigates the active financial stability pursuit of the Central Bank of the Republic of Turkey (CBRT) following the GFC and argues that institutional entrepreneurship of CBRT as an organisation and the governor of CBRT as an individual paved the way for active financial stability pursuit and resulting institutional and policy changes in Turkey by accomplishing organisational learning' at the CBRT. Governor of CBRT also played a key role as an institutional entrepreneur by gaining Turkish Treasury's political support in design of unconventional monetary policy measures for financial stability objective. Utilising institutional theory, organisation theory, and public policy literature, this study offers an interdisciplinary, agency based and process-oriented analysis to the study of the political economy of central banking in the aftermath of GFC and sheds light on the questions of why and how central banks take specific policy decisions from a micro-level analysis. ; WOS:000418689000005 ; Q2

ABSTRACTCentral banking as an avenue of research has been of interest to scholars from International Political Economy (IPE) and Public Policy and Administration (PPA) disciplines. Nevertheless, there is very little dialogue between these two perspectives to bridge macro, meso, micro-level analyses and examine the reciprocal relationship between the global and domestic political economy context and monetary policy conduct. This article investigates the Turkish experience to bridge IPE and PPA scholarship on central banking in emerging economies. In doing so, we adopt an analytic eclectic approach combining multiple structural, institutional, and agential causal explanations with particular reference to the Structure, Institution, and Agency (SIA) theoretical framework. This is because analytic eclecticism complements, speaks to, and selectively incorporates theoretical approaches such as the New Independence Approach (NIA) of IPE and institutional and ideational PPA approaches. Drawing on the empirical context of the historical evolution of the Turkish political economy, we explore domestic and international interactions among micro, meso, and macro levels that shape central banking behavior. Our analysis also reveals how global dynamics are translated into domestic policy choices and how particular ideas influence the policymaking process. The analysis underscores the constraining and enabling influence of international dynamics, politics of ideas on emerging economy central banking, and the essential role individual and organizational agency play in the policymaking process.

Central banking as an avenue of research has been of interest to scholars from International Political Economy (IPE) and Public Policy and Administration (PPA) disciplines. Nevertheless, there is very little dialogue between these two perspectives to bridge macro, meso, micro-level analyses and examine the reciprocal relationship between the global and domestic political economy context and monetary policy conduct. This article investigates the Turkish experience to bridge IPE and PPA scholarship on central banking in emerging economies. In doing so, we adopt an analytic eclectic approach combining multiple structural, institutional, and agential causal explanations with particular reference to the Structure, Institution, and Agency (SIA) theoretical framework. This is because analytic eclecticism complements, speaks to, and selectively incorporates theoretical approaches such as the New Independence Approach (NIA) of IPE and institutional and ideational PPA approaches. Drawing on the empirical context of the historical evolution of the Turkish political economy, we explore domestic and international interactions among micro, meso, and macro levels that shape central banking behavior. Our analysis also reveals how global dynamics are translated into domestic policy choices and how particular ideas influence the policymaking process. The analysis underscores the constraining and enabling influence of international dynamics, politics of ideas on emerging economy central banking, and the essential role individual and organizational agency play in the policymaking process. ; 2-s2.0-85114610827 ; WOS:000693971000001 ; Q1

Son yıllarda ön plana çıkan iktisadi kalkınma ve ülkelerin kalkınma tecrübelerinin karşılaştırılması ile ilgili çalışmalarda kurumsal bakış açısı önemli bir yer tutmaktadır. Söz konusu çalışmalar her ne kadar ülkeler arası gelişmişlik farklarına tarihsel yönden farklı açıklamalar getirmeye çalışsalar da tarihi kurum ve tecrübelere bakışları, bu kurumların kendi tarihsel bağlamları içinde incelenmesi ve bu kurumları ortaya çıkaran fikirsel altyapının, iktisadi sistem tasavvurunun incelenmesi anlamında eksik kalmaktadır. Bu çalışma Osmanlı Devleti tecrübesinde kurum olarak vakıfların ve özelde para vakıflarının önemini ve işlevini tarihi vesikalarla incelemekle beraber bu kurumların ortaya çıkmasına sebep olan iktisadi düşünce altyapısına dikkat çekiyor. Bunu yaparken, kurumsal teori çerçevesinde iktisat tarihi, siyasal iktisat, iktisadi kalkınma ve iktisadi fikirlerin kurumların oluşumuna yaptığı etki ile disiplinler arası bir bakış açısı ile para vakıflarını ortaya çıkaran iktisadi zihniyeti gözden geçiriyor. Bu çalışma gösteriyor ki, para vakıfları dışlayıcı değil kapsayıcı kurumlar olarak yüzyıllar boyunca tarihi şartlara uyum göstermiş, Osmanlı Devleti siyasal ve iktisadi sisteminin sürdürülebilir kılınmasında önemli etkenlerden biri olmuşlardır ve günümüzdeki sürdürülebilir ve eşitlikçi gelir paylaşımı tartışmalarına da ışık tutmaktadırlar. ; In the last few years institutional perspective has an important place in researches on economic development and comparative analysis of economic development experiences in different states. Even though these studies try to bring a historical perspective to the divergence of economic development levels among states, they come short in their analysis with respect to their views on historical institutions and experiences, explanation of these institutions within their historical context and the ideational foundation, economic system vision that gives rise to these institutions. This study not only examines the importance and functioning of awqafand more specifically cash waqfsas institutions in the Ottoman State experience, but also draws attention to the foundation of economic ideas that enables the rise of these institutions. In doing so, this research utilizes institutional theory perspective with an interdisciplinary orientation of economic history, political economy, economic development and the influence of economic ideas on institutional formation. This study shows that cash waqfsas inclusive institutions have adapted to the historical circumstances, have been one of the essential elements in ensuring the sustainability of the economic and political system in the Ottoman State and they shed light to the contemporary debates on sustainable and egalitarian wealth distribution.