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Title: Three essays on the economy of the late Ottoman Empire
Author: Hanedar, Avni Onder
Awarding Body: University of Essex
Current Institution: University of Essex
Date of Award: 2013
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This thesis consists of three empirical papers on the Ottoman economy. In the first chapter, I examine whether wars and boycotts were negatively associated with how the Ottoman Empire traded with 21 trading partners from 1879 to 1913. The results of my study provide no evidence that how the Ottoman Empire traded with its trading partners was affected by boycotts. The findings also provide weak evidence that a war year resulted in a decrease in Ottoman foreign trade. I interpret this finding to mean that wars damaged trade routes and markets, which led to lower profitability on trade through increasing transaction costs and risks for merchants, and as a result, the Ottoman foreign trade decreased. In the second chapter, I estimate the effect of railroads on economic growth in the Ottoman Empire. I examine whether access to railroads in a judicial district changed the size of the population in that judicial district for the years 1893 and 1914. The empirical results indicate some evidence for a positive effect of access to railroads on population in the respective judicial districts. I conclude that access to railroads induced economic growth in the Ottoman Empire, which led to expansion in the affected areas. In the third chapter, I study how the profits of Imperial Ottoman Bank branches were affected by the number of foreign bank branches operating in the Ottoman Empire from 1895 to 1914. There is no empirical evidence that foreign bank branches in a market led to lower profits for Imperial Ottoman Bank branches in these areas. This result is valid even when large numbers of foreign bank branches were present. My interpretation is that the positive effect of foreign banks on efficiency cancelled out the negative effect of foreign banks on profits.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available