Ceyhun Elgin Bogazici University   Bogazici University Department of Economics Natuk Birkan Hall 2 Bebek Istanbul, 34342 Turkey   ceyhun.elgin@boun.edu.tr   http://www.econ.boun.edu.tr/elgin/           JEL Areas: E : Macroeconomics and Monetary Economics O : Economic Development, Technological Change, and Growth