Pipeline 1: Economic Growth, Technology, Political Economy
The Granular Role of Mergers and Acquisitions in Aggregate Fluctuations [link]
Job Market Paper
A very short summary: How much of aggregate fluctuations is hiding in M&A activity? This paper shows that M&A activity drives big, short-run firm-level productivity shocks-- and these shocks explain ~20% of variations in output growth.
(Market) Power is (Political) Power! The Pressure of Declining Competition on Democracy [link]
Journal of Comparative Economics (2025)
A very short summary: This study documents that the rising market power of big corporates has non-trivial political consequences.
* The policy recommendation of this paper has been presented in ARC 2023 to the European Commission, the Directorate-General for Economic and Financial Affairs.
Journal of Comparative Economics (2025)
A very short summary: This study documents that the rising market power of big corporates has non-trivial political consequences.
* The policy recommendation of this paper has been presented in ARC 2023 to the European Commission, the Directorate-General for Economic and Financial Affairs.
Technology Overload? Macroeconomic Implications of Accelerated Obsolescence [new version] [old version]
(Revise&Resubmit, Journal of Economic Growth)
A very short summary: This study argues that technological obsolescence of capital has accelerated since the mid-1990s computing revolution. This trend could be linked to the declining labor share and the productivity growth slowdown.
*A coverage of this work on Financial Times. "Why don’t computers work? A neat theory to explain the productivity puzzle 2.0"
(Revise&Resubmit, Journal of Economic Growth)
A very short summary: This study argues that technological obsolescence of capital has accelerated since the mid-1990s computing revolution. This trend could be linked to the declining labor share and the productivity growth slowdown.
*A coverage of this work on Financial Times. "Why don’t computers work? A neat theory to explain the productivity puzzle 2.0"
| why_don’t_computers_work____financial_times.pdf |
The Red Queen Economy: When Technological Change Outpaces Learning (in progress)
A very short summary: When innovation arrives too quickly, it disrupts learning-by-doing and prevents firms from exploiting accumulated experience. Firms face a Red Queen effect: running faster just to stay in place. This favors large and eventually inefficient firms while pushing out smaller ones, increasing market concentration.
A very short summary: When innovation arrives too quickly, it disrupts learning-by-doing and prevents firms from exploiting accumulated experience. Firms face a Red Queen effect: running faster just to stay in place. This favors large and eventually inefficient firms while pushing out smaller ones, increasing market concentration.
Pipeline 2: Research on the Turkish Economy
Geography and Economic Development: Subnational Evidence from Türkiye (with M. Aykut Attar)
(work in progress)
New Turkey and its Republican Counterfactuals: People’s Houses as a Historical Selection Mechanism (with M. Aykut Attar)
(work in progress)
Türkiye's Transition to Sustained Growth: Some Econometric Evidence (with M. Aykut Attar)
(work in progress)
Ottoman Population within the Current Borders of Türkiye: Malthusian Characteristics of A New Construction
Working Paper, 2018 (under extensive revision)
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Selected Non-refereed Works:
Nightlights as a development indicator: the estimation of gross provincial product in Turkey
Seda Basihos. The Economic Policy Research Foundation of Turkey, 2016.
Support to Development of a Policy Framework for Total Factor Productivity in Turkey
United Nations Development Programme (UNDP), contributed in 2016 as research associate.
Measuring the Size of the Turkish Informal Economy: Technical Assistance for Fight Against Informal Economy
European Commission, International Cooperation and Development, contributed in 2016 as research associate.
Trade Relations with Syria after the Refugee Influx
Seda Basihos, Esra Ozpinar, Aycan Kulaksiz. The Economic Policy Research Foundation of Turkey, 2015.
Contractual Agreements in Turkish Coal Mining Sector
International Labor Organization (ILO), 2015. Contributed as research associate.
(work in progress)
New Turkey and its Republican Counterfactuals: People’s Houses as a Historical Selection Mechanism (with M. Aykut Attar)
(work in progress)
Türkiye's Transition to Sustained Growth: Some Econometric Evidence (with M. Aykut Attar)
(work in progress)
Ottoman Population within the Current Borders of Türkiye: Malthusian Characteristics of A New Construction
Working Paper, 2018 (under extensive revision)
-----------------------------------------------------------------------------------------
Selected Non-refereed Works:
Nightlights as a development indicator: the estimation of gross provincial product in Turkey
Seda Basihos. The Economic Policy Research Foundation of Turkey, 2016.
Support to Development of a Policy Framework for Total Factor Productivity in Turkey
United Nations Development Programme (UNDP), contributed in 2016 as research associate.
Measuring the Size of the Turkish Informal Economy: Technical Assistance for Fight Against Informal Economy
European Commission, International Cooperation and Development, contributed in 2016 as research associate.
Trade Relations with Syria after the Refugee Influx
Seda Basihos, Esra Ozpinar, Aycan Kulaksiz. The Economic Policy Research Foundation of Turkey, 2015.
Contractual Agreements in Turkish Coal Mining Sector
International Labor Organization (ILO), 2015. Contributed as research associate.