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Arhan S. Ertan

Visiting Assistant Professor of Economics

Brown University, Economics Department

arhan.ertan[@] or arhan.ertan[@] or arhan.ertan[@]


  • PhD & AM in Economics, Brown University, Providence, Rhode Island, US
  • MA in Economics, Bogazici University, Istanbul, TR
  • BS in Engineering, Bogazici University, Istanbul, TR
  • Fields of Interest

    Research: Economic Development, International Trade / Finance, Behavioral Economics / Finance, Efficiency of Financial Markets, Migration

    Teaching: International Trade / Finance, Econometrics / Statistics, Financial Markets and Institutions, Economic Development, Macroeconomics, Microeconomics


  • Who was Colonized and When? A Cross-Country Analysis of Determinants (European Economic Review, 2016)
  • Determinants and Economic Consequences of Colonization: A Global Analysis (SSRN Working Paper, 2012)
  • Who to Punish? Individual Decisions and Majority Rule in Mitigating the Free Rider Problem (European Economic Review, 2009)
  • Global Financial Environment or Monetary Transmission Mechanism? The (Special) Dynamics of the Turkish External Deficit after 2002 (International Journal of Finance and Economics, 2020)
  • Works under Review

  • Digital News, Democracy and Trust (under review)
  • Explaining Radicalization through Structural and Permissive Determinants (under review)
  • Changes in the Differences in Assets Preferences of the Public and the Private Banks in the Course of the Global Financial Crisis: Evidence from an Emerging Market (under review)
  • Estimating the Risk of Bankruptcy: An Analysis of Turkish Manufacturing Industry (under review)
  • # of Citations

    to the article:

    Who was Colonized and When? A Cross-Country Analysis of Determinants (European Economic Review, 2016)

    Who to Punish? Individual Decisions and Majority Rule in Mitigating the Free Rider Problem (European Economic Review, 2009)

    Works (almost) Complete

  • Differential Effects of Trade Liberalization on Economic Growth: Role of Human Capital Accumulation (with Ali Akkemik, Yamaguchi University)
  • Interaction of Financial Development with Economic Liberalization in terms of their Effect on the Labor Share of Income (with Baybars Karacaovali, Grinnell College)
  • Developmental Consequences of the Colonial Era: A Global Analysis (with Louis Putterman, Brown University)
  • Identification of the Factors Affecting the 'Spread' in Syndication Credits in Turkey
  • Determinants of FDI Inflows in North African Countries: An Analysis of Institutions, Policies and Historical Ties
  • Developing A Financial Early Warning System for Financial Intermediary Institutions: A 'Neural Network' Analysis
  • Works in Progress

  • Identification of Migration Fields and their Effect on Labor Market Segmentation in Metropolitan Areas of Turkey (with Murat Guvenc, Kadir Has University)
  • Short- and Long-Run Economic & Social Effects of Ottoman Rule in Eastern Europe, Middle East and North Africa: A Comparison of Areas under Direct-Rule vs Vassal States (with Akin Unver, Kadir Has University)
  • Path Dependence in State Capacity: Role and Development of State Level Polities (with Kivanc Karaman, Bogazici University)
  • Persistence of Innovation: The Effects of Political History of States on Current Entrepreneurship Levels (with Bulent Unel, Louisiana State University)
  • Effects of Personal Characteristics on Contributions to Public Goods: Theory and Experimental Analysis (with Murat Yılmaz, Bogazici University)
  • An In-Depth Analysis of Analyst Recommendations: Predictive Value and Implications about Market Efficiency
  • Estimating the Parameters of the Yield Curve of Turkish Bonds: Can they Help Us to Forecast the Economic Conditions?
  • How do the Financial Institutions choose between FDI vs Foreign Lending? A Bank Level Analysis of the International M&As vs. Syndication Credits in Turkey (with Umut Gokcen, Koc University)
  • Effect of Trade Liberalization on Unemployment: Interaction of Labor Market Distortions with Exchange Rate Volatility
  • International Technology Spillovers and Productivity Growth
  • Regulation of Monopoly under International Competition: A Welfare Analysis
  • Earlier Works

  • Effects of Job Motivation on Work Outcomes (2000)
  • A Critical Evaluation of Turkey's Investment Policies during the 80's (1999)
  • Analysis of the 'Day-of-the-Week-Effect' in Istanbul Stock Exchange (1998)
  • Benchmarking Project Management Performance in Turkish Construction Industry (1997)
  • PhD Theses Advised
    (as committee chairperson)

  • Musa Köseli (2019)
  • Teoman Temuçin (2019)
  • Fatih Kayhan (2018)
  • Ahmed Musabeh (2018)
  • Gürbüz Kiran (2017)
  • Onur Özdemir (2017)
  • Ömer Ersan (2017)
  • Fatih Piskin (2015)
  • Mustafa Öner (ongoing)
  • Conferences & Workshops

    Organization Committee:

  • All-Istanbul Economics Workshop (2017)
  • Institutional Aspects of Banking & Finance (International Conference, 2016)
  • Istanbul Finance Congress (International Conference, 2013)


  • Marmara University, Economics Department (Istanbul, 2017)
  • All-Istanbul Workshop, Kadir Has University (Istanbul, 2017)
  • Institutional Aspects of Banking and Finance Conference, Kadir Has University (Istanbul, 2016)
  • Conference on “Inclusive and Sustainable Growth and Income Distribution”, Turkish Economic Association (Mugla, 2016)
  • Middle East Technical University, Economics Department (Ankara, 2016)
  • Workshop on International Trade and Development, University of Bordeaux (Bordeaux, 2015)
  • Comparative Analysis of Enterprise Data (CAED) Conference, Sabanci University (Istanbul, 2015)
  • All-Istanbul Workshop, Ozyegin University (Istanbul, 2016)
  • All-Istanbul Workshop, Bogazici University (Istanbul, 2015)
  • EconAnadolu Conference, (Eskisehir, 2015)
  • TOBB University, Economics Department (Ankara, 2015)
  • Koc University, Economics Department (Istanbul, 2013)
  • Bilgi University, Economics Department (Istanbul, 2013)
  • Bogazici University, Center for Economics and Econometrics, Conference on 'Rethinking Governance, Institutions and Democracy' (Istanbul, 2011)
  • Ozyegin University, Economics Department (Istanbul, 2011)
  • Kadir Has University, Economics Department (Istanbul, 2011)
  • Bahcesehir University, Economics Department (Istanbul, 2010)
  • Bogazici University, Economics Department (Istanbul, 2008)
  • City University of New York, Economics Department (New York City, 2008)
  • Econometric Society, Latin American Meetings (Bogota, 2007)
  • Brown University, Economics Department (Providence, 2007)
  • Refereeing Activity

  • European Economic Review
  • Economic Inquiry
  • Journal of Conflict Resolution
  • Journal of Economic Behavior and Organization
  • Journal of International Trade and Economic Development
  • International Review of Economics and Finance
  • Journal of Behavioral and Experimental Economics
  • Journal of Economics and Management Strategy
  • Journal of Socio Economics
  • Journal of Public Economics
  • Journal of Public Economic Theory
  • Review of Economics and Finance
  • Southern Economic Journal
  • Bulletin of Economic Research
  • Journal of Demographic Economics
  • Boğaziçi Journal
  • Iktisat, Isletme ve Finans Dergisi
  • BDDK Bankacilik ve Finansal Piyasalar Dergisi
  • Essays on Economic Policy (ESPE)
  • Memberships

  • American Economic Association (AEA)
  • European Economic Association (EEA)
  • Economic Science Association (ESA)
  • Middle East Economic Association (MEEA)
  • Turkish Economic Association (TEK)
  • Turkish American Scientists and Scholars Association (TASSA)
  • Brown University Alumni Association (BAA)
  • Bogazici University Alumni Association (BUMED)
  • Skills

  • Software: STATA, SPSS, Gephi, E-Views, R, Matlab, QGIS, XLStat, MS Office
  • Programming Languages: Fortran, Basic, C+, HTML
  • Spoken Languages: Turkish (native), English (fluent), German (beginner)

  • Previous Academic Positions

    Full Time

    Assistant Professor @ Kadir Has University

    Department of International Trade and Finance

  • Member of Board of Directors of the Faculty of Management (2017 – 2018)
  • Member of Board of Directors of the Center for Istanbul Studies (2016 – current)
  • Organizer of the “Economics and Finance Seminars Series” (2014 and 2015)
  • Director of the Masters’ Program in “Finance and Banking” (2013 – 2016)
    Courses Taught:
  • Masters and PhD Level: International Economics, Economic Growth, Financial Markets and Institutions, Banking Theory, Turkish Economy, Quantitative Methods, International Financial System
  • Undergraduate Level: International Trade, International Finance, Economics of Growth, Financial Markets and Institutions, Statistics
  • Visiting Assistant Professor @ New York University

    Economics Department
    & Courant Institute of Mathematical Sciences

  • Spring 2012 - International Economics, Quantitative Methods for Economics
  • Fall 2011 - International Economics, Statistics
  • Visiting Assistant Professor @ Boston University

    Economics Department

  • Spring 2011 - Development Strategy (masters level)
  • Fall 2010 - International Economics, Economic Statistics
  • Spring 2010 - Development Strategy (masters level), Intermediate Macroeconomics
  • Fall 2009 - Economic Statistics
  • Visiting Assistant Professor @ Tufts University

    Economics Department

  • Spring 2009 - Econometrics
  • Fall 2008 - Economic Development, Econometrics
  • Visiting Assistant Professor @ Babson College

    Economics Department

  • Spring 2008 - Principles of Macroeconomics
  • Fall 2007 - Contemporary Economic Systems, Principles of Macroeconomics
  • Lecturer & Teaching Assistant @ Brown University

    Economics Department

    As Lecturer:
  • Spring 2007 - Economic Development and the International Economy
  • Spring 2005 - International Trade
  • Fall 2004 - Monetary and Fiscal Policy

    As Teaching Assistant:
  • Spring 2006 - Financial Institutions
  • Spring 2004 & Fall 2005 - Intermediate Macroeconomics
  • Fall 2003 - Monetary and Fiscal Policy
  • Spring 2003 - Graduate Macroeconomics II
  • Fall 2002 - Industrial Organization

    Training: Sheridan Teaching Certificate Levels I & II

  • Others

    Adjunct Faculty @ Koc University, Istanbul

  • Summer 2014 - Intermediate Macroeconomics, Intermediate Microeconomics
  • Adjunct Faculty @ Ozyegin University, Istanbul

  • Summer 2013 - Introduction to Finance
  • Adjunct Faculty @ Brown University

  • Summers of 2006, 2007, 2008, 2009 - Introduction to Financial Markets
  • Adjunct Faculty @ Boston College

  • Fall 2009 - International Trade
  • Spring 2009 - Intermediate Microeconomics
  • Adjunct Faculty @ Bogazici University, Istanbul

  • Summer 2011 - Microeconomics (masters level), Intermediate Microeconomics
  • Summer 2010 - Principles of Macroeconomics, Principles of Microeconomics
  • Summer 2009 - Intermediate Microeconomics
  • Summer 2008 - Intermediate Macroeconomics
  • Adjunct Faculty @ Northeastern University

  • Fall 2010 - Principles of Macroeconomics
  • Fall 2008 - Principles of Macroeconomics
  • Adjunct Faculty @ Sabanci University, Istanbul

  • Summer 2007 - Intermediate Macroeconomics
  • Adjunct Faculty @ University of Rhode Island

  • Fall 2006 - Introduction to Macroeconomics
  • Research Assistantships @ Brown University

  • Pravin Krishna (2004)
  • Peter Howitt (2003)
  • Louis Putterman (2002)
  • Teaching Assistant @ Bilgi University, Istanbul

  • Spring 1999 to Spring 2001 - Intermediate Macroeconomics
  • Fall 2000 - Managerial Economics

  • Some Economist Friends

    Baybars Karacaovali

    Peter Iliev

    Daniel Mejia

    Bulent Unel

    Leandro Magnusson

    Stelios Michalopoulos

    and etc...

    Mauro Xioni - Alkistis Protopsalti
    (one of the songs I really like a lot!)

    a conversation with me @ Adaptasyon

    last updated: July 2018

    # of visitors since September 2017: