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Transition to the Regulatory State in Turkey: Lessons from Energy

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  • Tamer Četin
  • Feridun Yilmaz

Abstract

Turkey has recently reshaped its own institutional structure by establishing Independent Regulatory Agencies (IRAs). However, the political authority has not desired to delegate the political property rights to IRAs. Although IRAs is de jure established, the political conflicts occuring during the evolution of the traditional-patrimonial state to the regulatory state de facto impede IRAs to institutionalize. This paper observes recent policy changes during the transition and lessons from the energy regulation in Turkey. So, the paper reveals whether the change in the regulatory institutional structure of Turkey is an effective policy in terms of transition to the >i>institutions of capitalism>/i>.

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Bibliographic Info

Article provided by M.E. Sharpe, Inc. in its journal Journal of Economic Issues.

Volume (Year): 44 (2010)
Issue (Month): 2 (June)
Pages: 393-402

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Handle: RePEc:mes:jeciss:v:44:y:2010:i:2:p:393-402

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Related research

Keywords: regulation; regulatory state; Turkish energy industry;

References

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  1. Cetin, Tamer & Oguz, Fuat, 2007. "The reform in the Turkish natural gas market: A critical evaluation," Energy Policy, Elsevier, vol. 35(7), pages 3856-3867, July.
  2. Olson, Mary K, 1999. "Agency Rulemaking, Political Influences, Regulation, and Industry Compliance," Journal of Law, Economics and Organization, Oxford University Press, Oxford University Press, vol. 15(3), pages 573-601, October.
  3. Mariano Tommasi & Pablo T. Spiller, 2000. "The Institutional Foundations of Public Policy: A Transactions Approach with Application to Argentina," Working Papers 29, Universidad de San Andres, Departamento de Economia, revised May 2000.
  4. Cetin, Tamer & Oguz, Fuat, 2007. "The politics of regulation in the Turkish electricity market," Energy Policy, Elsevier, vol. 35(3), pages 1761-1770, March.
  5. Aykut Kibritcioglu, 2004. "Economic Crises and Governments in Turkey, 1969-2001 (Turkiye'de Ekonomik Krizler ve Hukumetler, 1969-2001)," Macroeconomics, EconWPA 0401008, EconWPA.
  6. Ha-Joon Chang, 2002. "Breaking the mould: an institutionalist political economy alternative to the neo-liberal theory of the market and the state," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 26(5), pages 539-559, September.
  7. Bernard M. Hoekman & Togan Sübidey, 2005. "Turkey : Economic Reform and Accession to the European Union," World Bank Publications, The World Bank, number 7494, October.
  8. Gul Sosay & Unal Zenginobuz, 2007. "Independence and Accountability of Regulatory Agencies in Turkey," Working Papers 2007/17, Bogazici University, Department of Economics.
  9. C. Emre Alper & Ziya Onis, 2002. "Soft Budget Constraints, Government Ownership of Banks and Regulatory Failure: The Political Economy of the Turkish Banking System in the Post-Capital Account Liberalization Era," Working Papers 2002/02, Bogazici University, Department of Economics.
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