Research

Published Peer-Reviewed Journal Articles and Book Chapters

[1] "Firm-Level Impact of Credit Guarantees" (with U. Akcigit, U. Seven and I. Yarba) European Economic Review, Accepted for publication & Forthcoming in 2024, Revised draft (link)

[2] "Cost of Credit, Mortgage Demand and House Prices" (with Y. S. Hacihasanoglu, Y.E. Akgunduz and H.O. Dursun-de Neef) Journal of Banking and Finance. Elsevier, Vol.154. 2023 (link)

[3] "Refugees and Housing: Evidence from the Mortgage Market" (with Y.E. Akgunduz and Y. S. Hacihasanoglu) World Bank Economic Review. Oxford Academic, Vol.37(1), 2023 (link)

[4] "Global Capital Conditions and SME Performance" (with Y.E. Akgunduz and S. M. Cilasun) Boğaziçi Journal: Review of Social, Economic & Administrative Studies, 37(2), 72-91. 2023 (link)

[5] "VAT Treatment of Financial Services: Implications for the Real Economy” (with I. Baydur) Journal of Money, Credit and Banking. Blackwell Publishing, Vol.58 (8), 2021 (link)

[6] "World Equity Markets and COVID-19: Immediate Response and Recovery Prospects" (with U. Seven) Research in International Business and Finance. Elsevier, Vol.56, 2021 (link)

[7] "Facts on Business Dynamism in Turkey" (with U. Akcigit, Y.E. Akgündüz, S.M. Cılasun, E. Özcan-Tok) European Economic Review. Elsevier, Vol. 128, 2020 (link)

[8] "How Do Credits Dollarize? The Role of Firm’s Natural Hedges, Banks’ Core and Non-core Liabilities" Economics Letters. Elsevier, Vol. 188(C), 2020 (link)

[9] "Tax Elasticity Estimates for Capital Stocks” (with J-F Wen) FinanzArchiv / Public Finance Analysis. Mohr Siebeck, Tübingen, Vol. 76, pages 215-239, 2020 (link)

[10] "Can Usage of Specialized Software Reduce Tax Compliance Costs in Developing Countries?" (with Jacqueline Coolidge) - Book Chapter in Issues in Public Sector Economics by Peter Lang - 2017 (link)

[11] "Simpliﬁed Small Business Tax Regimes in Developing Countries: Empirical Evidence of Use and Abuse" (with Jacqueline Coolidge) - Book Chapter in Tax Simpliﬁcation by Wolters Kluwer, Law & Business - 2015 (link)

Working Papers

[1] "Closing the Investment Gap to Achieve the Paris Agreement Goals" (with F. Alswaina, F. Belaid, M. Hejazi, M. Luomi and S. Soummane), KAPSARC Working Paper, KS--2023-DP19 (English link)

[2] "Understanding the Dynamics of Renewable Energy Transition: A Determinant Index Approach" KAPSARC Working Paper, KS--2021-MP03, 2022 (link) (Project link)

Work in Progress

[1] "Green LTV Policies, Building Energy Efficiency and Housing Asset Values?" (with Y. S. Hacihasanoglu and Y.E. Akgunduz)

[2] "Identifying Real Sector Risk Exposures to the Energy Transition: A Micro Data Study" (with A. Altun, S. M. Cilasun and H. Yanikkaya)

[3] Why does ESG not Flow into Developing countries? (with F. Belaid)

Published Policy Articles

[1] “Enhancing the G20’s Climate Change Policy Agenda with the Circular Carbon Economy Index" (with F. Alturki, M., Luomi, and T. Al Shehri), Contributed to the T20 Communique, G20 India, June 2023 (English link)

[2] "Closing the Investment Gap to Achieve the Paris Agreement Goals" (with F. Alswaina, F. Belaid, M. Hejazi, M. Luomi and S. Soummane), Submission to the UNFCCC Global Stocktake, August 2022 (English link)

[3] "Enhancing Environmental, Social and Governance Frameworks to Scale up Climate Finance" (with J. Roychoudhury and E. Hatipoglu), Policy Brief, TF9: Global Cooperation for SDGs Financing, Contributed to the T20 Communique, G20 Indonesia, August 2022 (English link)

[4] "Investing in Net-Zero Emission Ambitions: Global ESG Frameworks and CCUS Projects" (with A. Sieminski), KAPSARC Instant Insight, June 2022 (Arabic link) (English link)

[5] "Scaling up ESG finance in the Gulf: A Perspective from Saudi Arabia" (with M. Luomi), Chapter in Annual Report, NYUAD Transition Investment Lab, June 2022 (English link)

[6] "The Gulf Cooperation Council and the Circular Carbon Economy: Progress and Potential" (with M. Luomi and T. Alshehri), KAPSARC Discussion Paper, June 2022 (Arabic link) (English link)

[7] "How the Circular Carbon Economy Index Can Serve Policymaking: Case Study of Saudi Arabia'' (with M. Luomi and T. Alshehri), KAPSARC Commentary, November 2021 (Arabic link) (English link)

[8] "The Circular Carbon Economy Index 2021 -- Results" (with M. Luomi and T. Alshehri) KAPSARC Working Paper, KS--2021-DP021, November 2021 (link) (The CCE index Website link)

[9] "Countries’ Progress and Enablers for Circular Carbon Economies'' (with M. Luomi and T. Alshehri), KAPSARC Workshop Brief, September 2021 (Arabic link) (English link)

[10] "Circular Carbon Economy Index: Methodological Approach and Conceptual Framework" (with M. Luomi, T. Alshehri and N. Howarth) KAPSARC Methodology Paper, KS—2021-MP01, June 2021 (link) (The CCE index Website link)

[11] "Private Participation in the Renewable Energy Transition" KAPSARC Data Insight, March 2021 (Arabic link) (English link)

[12] "Financing Energy Efficiency of Buildings: Green Instruments and Policy Guidance" (with N. Peerbocus, R. R. Bhandary, F. Zang, K. S. Gallagher, V. Anbumozhi and K. Kalirajan), Policy Brief, TF2: Climate Change and Environment, Contributed to the T20 Communique, G20 Saudi Arabia, September 2020 (Arabic link) (English link)

[13] "Long and Short-Term Economic Impact of COVID-19: Does the Future Look Greener?" KAPSARC Instant Insight, June 2020 (Arabic link) (English link)

[14] "Financial Inclusion: A Comparative Analysis on Turkey and the World (in Turkish)" (with U. Seven and A. D. Yassa) CBRT Research Notes in Economics, Research and Monetary Policy Department, 20/04 January 2020 (link)

[15] "Facts on Business Dynamism in Turkey" (with U. Akcigit, Y.E. Akgündüz, S.M. Cılasun, E. Özcan-Tok) Vox EU Blog, 2019 (link)

[16] "SME Access to Finance and Investment" (with S.M. Cılasun) Box contributed to the Turkey Economic Monitor, October 2019: Charting a New Course. page.36. Washington, DC: World Bank, October 2019 (link)

[17] "Designing a Comprehensive Firm-Level Productivity Index (In Turkish)" (with S.M. Cilasun, M.A. Soytas, A. Tirgil) - Policy Book by Ministry of Industry and Technology of Turkey, 2019 (link)

[18] "Alternative Financing Methods: Venture Capital, Angel Investment and Crowdfunding" CBRT Blog, October 2019 (Turkish link) (English link)

[19] "Upgrading business investment in Turkey" (with S.M.Cilasun, R. Gonenc, U. Ozmen, M.Z. Sabuncuoglu, V. Ziemann) OECD Economics Department Working Papers, No. 1532, OECD Publishing (2019) (link)

[20] "Firm Investment Dynamics in the Manufacturing Sector" (With S. Cilasun and M. Z. Sabuncuoglu) CBRT Blog, November 2018 (Turkish link) (English link)

[21] "2018 Economic Survey of Turkey" (With S. Cilasun and M. Z. Sabuncuoglu) Contributed to the OECD Country Report, July 2018 (link)

[22] "Drivers of Credit Dollarization?" CBRT Blog, November 2018 (Turkish link) (English link)

[23] "Reel Sektor Doviz Pozisyonu ve Risklerin Dagılımı" (With M. Selman Colak) CBRT Research Notes in Economics, Research and Monetary Policy Department, December 2017 (Turkish link)

[24] "Reel Sector Developments" (with M. Selman Colak) Chapter of Financial Stability Report - CBRT, May & November 2016 (link)

[25] "Small Business Tax Regimes: What Surveys Reveal about Tax system Use and Abuse" (with Jacqueline Coolidge) View Point Note; Investment Climate Department - The World Bank - February 2016 (link)

[26] "Does E-Filing Reduce Tax Compliance Costs in Developing Countries?" (with Jacqueline Coolidge) In Practice. No.21; Investment Climate Department - The World Bank - 2014 (link)

[27] "Policy Instability and Irreversible Investments" (with J.F. Wen) Department of Economics, University of Calgary, Working Paper Series (2014) (link)

[28] "Can Usage of Specialized Software Reduce Tax Compliance Costs in Developing Countries?" (with Jacqueline Coolidge) Nuts and Bolts; Investment Climate Department - The World Bank - December 2013 (link)

[29] "Can E-ﬁling Reduce Tax Compliance Costs in Developing Countries?" (with Jacqueline Coolidge) Policy Research Working Paper; no. WPS 6647. Washington D.C. - The World Bank - October 2013 (link)