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EAC- EU Talks On New Trade Pact

Kenya and her counterparts in the East African Community member states are in the final stages of establishing a new trade pact with the European Union. But as Patrick Igunza reports, there...
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Homeowners fear a rate rise will put them in financial difficulty

Homeowners fear a rate rise will put them in financial difficulty | economics in touch | Scoop.it
A survey of around 1,600 homeowners found that some 34 per cent feared a rate rise, with younger homeowners the most worried.

Via Bruce Fellowes
Saime S Suna Kayam's insight:

Zamanlama manidar..

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Bank of England policymaker: rise in interest rates 'sooner rather than later' - The Guardian

Bank of England policymaker: rise in interest rates 'sooner rather than later' - The Guardian | economics in touch | Scoop.it
The Guardian Bank of England policymaker: rise in interest rates 'sooner rather than later' The Guardian The chances of an increase in interest rates before the end of 2014 moved a significant step closer on Wednesday night when one of the Bank of...

Via Bruce Fellowes
Saime S Suna Kayam's insight:

"Central banks around the world have held interest rates at emergency levels since the financial and economic crisis but Weale's remarks will lead to market expectations that Threadneedle Street will be the first to start edging them back upwards."

 

In that case, decreasing interest rates in Turkey as the PM Erdoğan insists the "independent" Central Bank should do becomes a fallacy :)

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Türkiye'de nominal faiz oranı çok yüksektir

Türkiye'de nominal faiz oranı çok yüksektir | economics in touch | Scoop.it
Türkiye'nin yüksek enflasyon sorununu çözmeden, geçin reel faizi, yüksek nominal faiz meselesini halletme imkanı yoktur.
Saime S Suna Kayam's insight:

Faiz enflasyonun nedeni değil miydi !! Başbakan mı yanılıyor iktisatçılar mı?

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Scottish independence would leave £143 billion bill for the UK - Telegraph.co.uk

Scottish independence would leave £143 billion bill for the UK - Telegraph.co.uk | economics in touch | Scoop.it
Telegraph.co.uk
Scottish independence would leave £143 billion bill for the UK
Telegraph.co.uk
In a hard-hitting report, the NIESR has warned that Scottish independence could push up the rest of the UK's debt to GDP ratio by as much as 9pc.

Via Bruce Fellowes
Saime S Suna Kayam's insight:

Everything has a cost...

Demokrasi de bağımsızlık da bir maliyet içerir, tüm kesimlere...

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OECD Better Life Index

How satisfied are you w/yr quality of life? See how countries compare http://t.co/u4YZSrqbLV #OECDwk #BLI #betterlife http://t.co/nn0WdxD7JU

Via Bruce Fellowes
Saime S Suna Kayam's insight:

"In Turkey 68% of people reported having more positive experiences in an average day (feelings of rest, pride in accomplishment, enjoyment, etc) than negative ones (pain, worry, sadness, boredom, etc). This figure is much lower than the OECD average of 80% and the lowest in the OECD."

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Ronald H. Coase, founding scholar in law and economics, 1910-2013 | UChicago News

Ronald H. Coase, founding scholar in law and economics, 1910-2013 | UChicago News | economics in touch | Scoop.it
#UChicago Ronald H. Coase, founding scholar in law and economics, 1910-2013 http://t.co/cBCdcXD4Ml

Via Peter Boettke
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Saving Economics from the Economists

Ronald Coase in HBR last year: Saving Economics from the Economists http://t.co/sAtrFIb4Hw

Via Peter Boettke
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Britain is still feasting on credit – and the next crunch will hit in 2016

Britain is still feasting on credit – and the next crunch will hit in 2016 | economics in touch | Scoop.it
Aditya Chakrabortty: Interest rates won't stay low for much longer. When the cheap loans end the result will be red-letter bills and repossessions
Saime S Suna Kayam's insight:

seems like we all are more worried about "independence of the central bank ... being compromised" than anything else!

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UK interest rates may rise sooner than spring 2015, says Bank deputy

UK interest rates may rise sooner than spring 2015, says Bank deputy | economics in touch | Scoop.it
Bank of England's outgoing deputy governor predicts rates may rise 'in baby steps' and are likely to settle at about 3% (UK interest rates may rise sooner than spring 2015, says Bank deputy http://t.co/efAUE8BTzK)...

Via Bruce Fellowes
Saime S Suna Kayam's insight:

Ya Türkiye'deki faiz oranları ? Düşük faiz bir illüzyon değil mi?

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Gürsel: Türkiye ekonomisi tıkandı

Gürsel: Türkiye ekonomisi tıkandı | economics in touch | Scoop.it
İktisatçı Seyfettin Gürsel, verimsiz bir büyüme sürecine girildiğini ve dengeleri sarsmadan büyüme yakalanması konusunda Türkiye ekonomisinin tıkandığını söyledi. Gürsel'e göre önümüzdeki 10 yılın en büyük sorunu yeniden yüksek büyümeyi yakalamak olacak
Saime S Suna Kayam's insight:

Goldstein and Khan (1985: 1083) insightfully emphasize that “If the income elasticity of demand for a country’s imports is significantly larger than that for its exports, then the country confronts an unpalatable choice: either grow at the same rate as its trading partners and accept a secular deterioration in its balance, or to opt for external balance and accept a slower growth rate than its trading partners.”

 

Comparing the income elasticities of demand for exports and imports for Turkey, we observe that domestic income elasticity of demand for imports is 0.71 and foreign income elasticity of demand for exports is -0.25 in which case the elasticities are neither the same in magnitude nor in sign. 

 

The income elasticity of demand for imports is significantly larger than for exports, which is negative and should be evaluated as an indication of inferior goods, and thus Turkey is entangled with goal of high growth and structural impediments that overrule her trade. As major trading partners Turkey still has EU countries that unfortunately face relatively low growth rates and Turkey’s attempts to increase its growth has ended up with high and ongoing current account deficits.

 

Goldstein, M. and M. S. Khan (1985). “Income and Price Effects in Foreign Trade” in Handbook of International Trade. Vol. 2. pp. 1041-1105.

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Signs that economic activity may be starting to pick up in SA

There are tentative signs that economic activity may be starting to pick up in South Africa. That's the view of economists following stronger than expected c...
Saime S Suna Kayam's insight:

We'll see if other fragile economies will follow or not!

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IMF: Türkiye’de büyüme yavaşlayacak

IMF: Türkiye’de büyüme yavaşlayacak | economics in touch | Scoop.it

Uluslararası Para Fonu, 2014 yılı büyüme tahminini yüzde 3,5’ten yüzde 2,3’e düşürdü. Fona göre bu yıl Avrupa'da en yüksek enflasyon da yüzde 7,8 ile Türkiye'de olacak.

Saime S Suna Kayam's insight:

Maalesef tek sıkıntımız büyüme değil. 

Social Progress Index'e göre foundations of well-being" ve "opportunity" açısından Türkiye (132 ülke arasında) benzer kişi başı gelir düzeylerinde olan Uruguay; Belarus; Botswana; Panama; Mexico; Mauritius; Malaysia; Lebanon; Russia; Bulgaria; Kazakhstan; Argentina; Latvia; Chile; Venezuela'yla karşılaştırıldığında görece  daha zayıf.

http://www.socialprogressimperative.org/data/spi/countries/TUR

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India slips to 60th rank on global competitiveness: WEF report

India slips to 60th rank on global competitiveness: WEF report | economics in touch | Scoop.it
The Indian economy which currently battling with weak Rupee, high fiscal deficit and low investor's confidence has slipped to 60th position in terms of its competitiveness globally, while on the other hand Switzerland has retained its top rank.
Saime S Suna Kayam's insight:

According to the GCR 2013-2014: "Turkey falls by one position to 44th, following its significant improvement last year. The macroeconomic environment has deteriorated slightly, with a rising fiscal deficit and inflation nearing double digits, although the situation remains better than in many other European economies."

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Ronald Coase and his economics

Ronald Coase and his economics | economics in touch | Scoop.it
Ronald Reagan once said an economist was someone who saw something working in practice, and wondered if it would work in theory.

Via Peter Boettke
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