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Papers by Erhun İbrahim Kula

Research paper thumbnail of Teenage spring in Gallipoli

Research paper thumbnail of Social interest rate for public sector appraisal in the United Kingdom, the United States and Canada

Project Appraisal

The social interest rate (SIR) is an important parameter in project appraisal in public sector ec... more The social interest rate (SIR) is an important parameter in project appraisal in public sector economics. In this article a SIR is derived for the United Kingdom, the United States and Canada on the basis of an individualistic and two-period consumption utility function. The model yields an operational formula the component parameters of which are: a mortality based pure time discount rate; the growth rate of per capita consumption, in real terms; and the elasticity of marginal utility of consumption. The final results are: the United Kingdom 2.6%, the United States 5.3% and Canada 5.4%.

Research paper thumbnail of Book Review: Economics and Religion

Journal of Interdisciplinary Economics

Research paper thumbnail of Turkey and Europe in a Historic Context

Journal of Interdisciplinary Economics

Research paper thumbnail of Book Review: Ecological Economics

Journal of Interdisciplinary Economics

Research paper thumbnail of The inadequacy of the entitlement approach to explain and remedy famines

Research paper thumbnail of Regional welfare weights

Departmental Working Papers, Nov 1, 2006

Research paper thumbnail of The economics of forestry : modern theory and practice / Erhun Kula

ABSTRACT Incluye bibliografía e índice

Research paper thumbnail of History of environmental economic thought

HISTORY OF ENVIRONMENTAL ECONOMIC THOUGHT This volume presents the ideas of major figures in econ... more HISTORY OF ENVIRONMENTAL ECONOMIC THOUGHT This volume presents the ideas of major figures in economics throughout history on key environmental issues such as population growth, resource scarcity and environmental contamination. Discussion begins with the ...

Research paper thumbnail of Modified discounting and multigenerational value: widening the debate on economics and intergenerational justice

Bellinger's attempt to expand the scope of the modified discounting method (MDM) to incl... more Bellinger's attempt to expand the scope of the modified discounting method (MDM) to include private sector projects that create intergenerational externalities is welcome. Indeed, many such projects affect future generations, especially through resource depletion and environmental contamination. However, the philosophical foundation of the MDM, which borrows from the Rawlsian doctrine, has not been given clear interpretation by Bellinger. This paper tries to clarify the issue and also answers a number of questions raised by Bellinger and others.

Research paper thumbnail of The analysis of social interest rate in Trinidad and Tobago

The Journal of Development Studies, Nov 23, 2007

In this article a Social Interest Rate (SIR) is derived for Trinidad and Tobago on the basis of a... more In this article a Social Interest Rate (SIR) is derived for Trinidad and Tobago on the basis of an individualistic, independent and multi‐period consumption utility function. The component parameters of this rate are: a mortality‐based pure time discount rate, the growth rate of per capita real consumption and the elasticity of marginal utility of consumption. The final result is 6.2

Research paper thumbnail of Islam and Utilisation Policies for Environmental Resources

Journal of Interdisciplinary Economics, 2003

Research paper thumbnail of The social valuation of income: a survey approach

Journal of Economic Studies, 2014

Purpose – The purpose of this paper is to estimate survey-based values of the elasticity of margi... more Purpose – The purpose of this paper is to estimate survey-based values of the elasticity of marginal social valuation of income, an important welfare parameter in cost-benefit analysis. Design/methodology/approach – A model relating equity welfare weights to income is developed, and iso-elasticity of marginal valuation of income is tested using survey data obtained from a sample of Turkish politicians who are instrumental in policy making. Findings – Based on the survey feedback, formal statistical testing indicates that Turkish politicians, regardless of party allegiance, reveal preferences consistent with an iso-elastic marginal social valuation of income. The estimated value of the elasticity measure is close to unity for each of the political parties. Originality/value – The originality of the paper is in terms of the survey method used to obtain from Turkish politicians estimates of the marginal social valuation of income. This welfare parameter is needed in the calculation of ...

Research paper thumbnail of A Cost-Benefit Analysis of Public Sector Forestry in the United Kingdom Using Ordinary Discounting

The Economics of Forestry, 1988

Research paper thumbnail of Derivation of Social Time Preference Rates for the United States and Canada

The Quarterly Journal of Economics, 1984

Research paper thumbnail of Modified discounting and multigenerational value: widening the debate on economics and intergenerational justice

Project Appraisal, 1993

Bellinger's attempt to expand the scope of the modified discounting method (MDM) to incl... more Bellinger's attempt to expand the scope of the modified discounting method (MDM) to include private sector projects that create intergenerational externalities is welcome. Indeed, many such projects affect future generations, especially through resource depletion and environmental contamination. However, the philosophical foundation of the MDM, which borrows from the Rawlsian doctrine, has not been given clear interpretation by Bellinger. This paper tries to clarify the issue and also answers a number of questions raised by Bellinger and others.

Research paper thumbnail of Economics and policies in fisheries

Economics of Natural Resources, the Environment and Policies, 1994

Research paper thumbnail of Economics of environmental degradation and policies

Economics of Natural Resources, the Environment and Policies, 1994

Research paper thumbnail of Economics and policies in forestry

Economics of Natural Resources, the Environment and Policies, 1994

Research paper thumbnail of Forestry in Some Selected Western Countries and the European Economic Community

The Economics of Forestry, 1988

Research paper thumbnail of Teenage spring in Gallipoli

Research paper thumbnail of Social interest rate for public sector appraisal in the United Kingdom, the United States and Canada

Project Appraisal

The social interest rate (SIR) is an important parameter in project appraisal in public sector ec... more The social interest rate (SIR) is an important parameter in project appraisal in public sector economics. In this article a SIR is derived for the United Kingdom, the United States and Canada on the basis of an individualistic and two-period consumption utility function. The model yields an operational formula the component parameters of which are: a mortality based pure time discount rate; the growth rate of per capita consumption, in real terms; and the elasticity of marginal utility of consumption. The final results are: the United Kingdom 2.6%, the United States 5.3% and Canada 5.4%.

Research paper thumbnail of Book Review: Economics and Religion

Journal of Interdisciplinary Economics

Research paper thumbnail of Turkey and Europe in a Historic Context

Journal of Interdisciplinary Economics

Research paper thumbnail of Book Review: Ecological Economics

Journal of Interdisciplinary Economics

Research paper thumbnail of The inadequacy of the entitlement approach to explain and remedy famines

Research paper thumbnail of Regional welfare weights

Departmental Working Papers, Nov 1, 2006

Research paper thumbnail of The economics of forestry : modern theory and practice / Erhun Kula

ABSTRACT Incluye bibliografía e índice

Research paper thumbnail of History of environmental economic thought

HISTORY OF ENVIRONMENTAL ECONOMIC THOUGHT This volume presents the ideas of major figures in econ... more HISTORY OF ENVIRONMENTAL ECONOMIC THOUGHT This volume presents the ideas of major figures in economics throughout history on key environmental issues such as population growth, resource scarcity and environmental contamination. Discussion begins with the ...

Research paper thumbnail of Modified discounting and multigenerational value: widening the debate on economics and intergenerational justice

Bellinger's attempt to expand the scope of the modified discounting method (MDM) to incl... more Bellinger's attempt to expand the scope of the modified discounting method (MDM) to include private sector projects that create intergenerational externalities is welcome. Indeed, many such projects affect future generations, especially through resource depletion and environmental contamination. However, the philosophical foundation of the MDM, which borrows from the Rawlsian doctrine, has not been given clear interpretation by Bellinger. This paper tries to clarify the issue and also answers a number of questions raised by Bellinger and others.

Research paper thumbnail of The analysis of social interest rate in Trinidad and Tobago

The Journal of Development Studies, Nov 23, 2007

In this article a Social Interest Rate (SIR) is derived for Trinidad and Tobago on the basis of a... more In this article a Social Interest Rate (SIR) is derived for Trinidad and Tobago on the basis of an individualistic, independent and multi‐period consumption utility function. The component parameters of this rate are: a mortality‐based pure time discount rate, the growth rate of per capita real consumption and the elasticity of marginal utility of consumption. The final result is 6.2

Research paper thumbnail of Islam and Utilisation Policies for Environmental Resources

Journal of Interdisciplinary Economics, 2003

Research paper thumbnail of The social valuation of income: a survey approach

Journal of Economic Studies, 2014

Purpose – The purpose of this paper is to estimate survey-based values of the elasticity of margi... more Purpose – The purpose of this paper is to estimate survey-based values of the elasticity of marginal social valuation of income, an important welfare parameter in cost-benefit analysis. Design/methodology/approach – A model relating equity welfare weights to income is developed, and iso-elasticity of marginal valuation of income is tested using survey data obtained from a sample of Turkish politicians who are instrumental in policy making. Findings – Based on the survey feedback, formal statistical testing indicates that Turkish politicians, regardless of party allegiance, reveal preferences consistent with an iso-elastic marginal social valuation of income. The estimated value of the elasticity measure is close to unity for each of the political parties. Originality/value – The originality of the paper is in terms of the survey method used to obtain from Turkish politicians estimates of the marginal social valuation of income. This welfare parameter is needed in the calculation of ...

Research paper thumbnail of A Cost-Benefit Analysis of Public Sector Forestry in the United Kingdom Using Ordinary Discounting

The Economics of Forestry, 1988

Research paper thumbnail of Derivation of Social Time Preference Rates for the United States and Canada

The Quarterly Journal of Economics, 1984

Research paper thumbnail of Modified discounting and multigenerational value: widening the debate on economics and intergenerational justice

Project Appraisal, 1993

Bellinger's attempt to expand the scope of the modified discounting method (MDM) to incl... more Bellinger's attempt to expand the scope of the modified discounting method (MDM) to include private sector projects that create intergenerational externalities is welcome. Indeed, many such projects affect future generations, especially through resource depletion and environmental contamination. However, the philosophical foundation of the MDM, which borrows from the Rawlsian doctrine, has not been given clear interpretation by Bellinger. This paper tries to clarify the issue and also answers a number of questions raised by Bellinger and others.

Research paper thumbnail of Economics and policies in fisheries

Economics of Natural Resources, the Environment and Policies, 1994

Research paper thumbnail of Economics of environmental degradation and policies

Economics of Natural Resources, the Environment and Policies, 1994

Research paper thumbnail of Economics and policies in forestry

Economics of Natural Resources, the Environment and Policies, 1994

Research paper thumbnail of Forestry in Some Selected Western Countries and the European Economic Community

The Economics of Forestry, 1988