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Economics of Philanthropic Institutions, Regulation and Governance in Turkey

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  • Babacan, Mehmet

Abstract

This paper merges the literature on regulation, specifically private provision of public goods, and governance with the literature on philanthropic institutions (awqaf) in Turkey. Traditionally, awqaf (plural for the waqf) have been very functional regarding the socioeconomic realms in Muslim societies. On the other hand, the provision of public goods is one of the core discussions under the literature on regulation and governance, particularly the property rights. This paper analyzes the role of waqf which has historically been more than a charitable organization: an economic agent in Turkey. Being a long-time provider of public goods, awqaf can be studied of property rights and regulation process, while its organizational structure could be considered as a subject to the firm theory. Turkish philanthropic institutions possess historical significance in terms of their organizational evolution and relationship to the changing governance structures in the country. Therefore, also discussed in this paper are the similarities and differences between the awqaf and Western charitable organizations, particularly in terms of organizational structures, definition of property rights, and their evolution under different governance-related structures such as rule of law and contract enforcement.

Suggested Citation

  • Babacan, Mehmet, 2011. "Economics of Philanthropic Institutions, Regulation and Governance in Turkey," MPRA Paper 57829, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:57829
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    File URL: https://mpra.ub.uni-muenchen.de/57829/1/MPRA_paper_57829.pdf
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    References listed on IDEAS

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    1. Timur Kuran, 2004. "Why the Middle East is Economically Underdeveloped: Historical Mechanisms of Institutional Stagnation," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 71-90, Summer.
    2. Alfred E. Kahn, 1988. "The Economics of Regulation: Principles and Institutions," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262610523, April.
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    Cited by:

    1. Michalopoulos, Stelios & Naghavi, Alireza & Prarolo, Giovanni, 2016. "Islam, inequality and pre-industrial comparative development," Journal of Development Economics, Elsevier, vol. 120(C), pages 86-98.
    2. Muhammad Tariq Khan, 2015. "Historical Role of Islamic Waqf in Poverty Reduction in Muslim Society," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(4), pages 979-996.
    3. Aliyu, Shehu Usman Rano, 2018. "A treatise on socioeconomic roles of waqf," MPRA Paper 91413, University Library of Munich, Germany, revised 05 Dec 2018.

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    More about this item

    Keywords

    Philanthropic Institutions; Regulation; Governance; Turkey;
    All these keywords.

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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