Sumru G. Altug is a Professor of Economics at Koç University in Istanbul, Turkey and a Research Fellow at the Centre for Economic Policy Research in London, UK. She has published papers in the areas of business cycles, intertemporal models of consumption and labor supply, investment, productivity and growth, and banking and financial market phenomena.
Articles
Political Risk and Irreversible Investment, CES-ifo Economic Studies (2007)
The objective of this paper is twofold. First, we develop a theoretical model to investigate...
Bank Lending with Imperfect Competition and Spillover Effects (with MURAT USMAN), B.E. Journals in Macroeconomics: Topics in Macroeconomics (2006)
We examine bank lending decisions in an economy with spillover effects in the creation of...
The Role of Lender Heterogeneity in International Project Finance (with SULE OZLER and MURAT USMAN), Economic Theory (2002)
A sovereign borrower seeks to raise funds internationally to finance a fixed-size project, which no...
Scale Effects, Time-varying Markups, and the Cyclical Behavior (with ALPAY FILIZTEKIN), Applied Economics (2002)
In this paper, we present estimates of the degree of returns to scale using nonparametric...
Are Technology Shocks Nonlinear? (with RICHARD A. ASHLEY and DOUGLAS M. PATTERSON), Macroeconomic Dynamics (1999)
This paper examines the behavior of postwar real U.S. GNP, the inputs to an aggregate...
Books
The Turkish Economy: The Real Economy, Corporate Governance and Reform (with ALPAY FILIZTEKIN) (2006)
Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium (with JAGJIT CHADHA and CHARLES NOLAN) (2003)
Contributions to Books
Productivity and Growth for Turkey: 1923-2000 (with ALPAY FILIZTEKIN), The Turkish Economy: The Real Economy, Corporate Governance and Reform (2006)
Investment Dynamics (with FANNY S. DEMERS and MICHEL DEMERS), Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium (2003)
This chapter surveys investment theory beginning with Hall and Jorgenson's pioneering work. It presents the...
Cost Uncertainty, Taxation and Irreversible Investment (with FANNY S. DEMERS and MICHEL DEMERS), Current Trends in Economics: Theory and Applications (1999)
We examine the impact of learning about the unknown costs of investment on irreversible investment...
Unpublished Papers
The Sources of Long-Term Economic Growth for Turkey, 1880-2005 (with ALPAY FILIZTEKIN and SEVKET PAMUK), CEPR Discussion Paper 6463 (2007)
This paper considers the sources of long-term economics growth for Turkey over the period 1880-2005....
Tax Policy and Irreversible Investment (with FANNY S. DEMERS and MICHEL DEMERS), Centre for Dynamic Macroeconomic Analysis Working Paper Series (2004)
We examine the impact of tax policy uncertainty on the irreversible investment decisions of a...