Özgür Orhangazi

Orhangazi, Özgür

Profile URL

https://hdl.handle.net/20.500.12469/6057

Name Variants

Orhangazi, Özgür
Özgür ORHANGAZI
Orhangazi, Ö.
Ozgür Orhangazi
Orhangazi, Ozgur
Orhangazi O.
ÖZGÜR ORHANGAZI
O., Ozgur
Orhangazi Ö.
Orhangazi,Ö.
Orhangazi, Ozgür
O.,Ozgur
Ozgur, Orhangazi
ORHANGAZI, Özgür
Özgür Orhangazi
O., Özgür
Orhangazi,Ozgur
Orhangazi, ÖZGÜR
O. Orhangazi
Orhangazi, O.
ORHANGAZI, ÖZGÜR
Ö. Orhangazi
Orhangazi,O.

Job Title

Prof. Dr.

Email Address

[email protected]

Main Affiliation

Economics

Status

Current Staff

Sustainable Development Goals

4

QUALITY EDUCATION

0

Research Products

6

CLEAN WATER AND SANITATION

0

Research Products

10

REDUCED INEQUALITIES

12

Research Products

13

CLIMATE ACTION

2

Research Products

14

LIFE BELOW WATER

0

Research Products

2

ZERO HUNGER

0

Research Products

8

DECENT WORK AND ECONOMIC GROWTH

13

Research Products

12

RESPONSIBLE CONSUMPTION AND PRODUCTION

1

Research Products

9

INDUSTRY, INNOVATION AND INFRASTRUCTURE

6

Research Products

17

PARTNERSHIPS FOR THE GOALS

7

Research Products

1

NO POVERTY

2

Research Products

11

SUSTAINABLE CITIES AND COMMUNITIES

1

Research Products

15

LIFE ON LAND

1

Research Products

3

GOOD HEALTH AND WELL-BEING

0

Research Products

7

AFFORDABLE AND CLEAN ENERGY

2

Research Products

5

GENDER EQUALITY

0

Research Products

16

PEACE, JUSTICE AND STRONG INSTITUTIONS

1

Research Products

Documents

31

Citations

1256

h-index

11

Go to Scopus profile

Documents

24

Citations

1095

Go to WoS profile

Scholarly Output

42

Articles

20

Views / Downloads

9/0

Supervised MSc Theses

9

Supervised PhD Theses

2

WoS Citation Count

275

Scopus Citation Count

296

WoS h-index

8

Scopus h-index

9

Patents

0

Projects

0

WoS Citations per Publication

6.55

Scopus Citations per Publication

7.05

Open Access Source

23

Supervised Theses

11

Journal	Count
Review of Radical Political Economics	6
Development and Change	2
Review of Keynesian Economics	2
Energy Policy	1
Industrial and Corporate Change	1

Page Size:

Current Page: 1 / 4

Scopus Quartile Distribution

Competency Cloud

Scholarly Output Search Results

Now showing 1 - 10 of 42

Citation - WoS: 3
Citation - Scopus: 3
Contours of Alternative Policy Making in Venezuela
(Sage Publications Inc, 2014) Orhangazi, Özgür
The economic policies of the Venezuelan government in the last decade represent a significant departure from neoliberal orthodoxy. This departure consists of a focus on greater national autonomy, a return to some of the macroeconomic policies of earlier eras, and increased state involvement in the economy through interventions and social programs. While these policies have resulted in improved social indicators, they also have provided space for a set of "transformative" initiatives, including experiments with worker co-management, cooperatives, and participatory planning, all of which seek alternatives to the capitalist organization of the economy. Although the Venezuelan experience could be considered sui generis, especially with the economy's dependence on oil, a critical evaluation of the policies implemented in Venezuela would contribute to discussions on the alternatives to both neoliberal policies and capitalism in general. This paper provides an analysis of the break with neoliberal economic policies and of the transformative initiatives, as well as an evaluation of their achievements together with a discussion on their likely future path.
Finance, Finance Capital, Financialisation
(Palgrave Macmillan, 2016) Orhangazi, Ö.
Citation - WoS: 31
Citation - Scopus: 37
Competition and Monopoly in the U.s. Economy: What Do the Industrial Concentration Data Show?
(Sage Publications, 2021) Davis, Leila; Orhangazi, Özgür
A recent series of academic studies, think-tank reports, and news articles shows widespread attention to rising industrial concentration and market power in the U.S. economy. In this paper, we focus on concentration in the U.S. nonfinancial corporate sector to make three contributions to the literature. First, we use examples from the debate on industrial concentration to show that there are often-divergent predictions in the theoretical literature surrounding the expected consequences of concentration and monopolization for nonfinancial firms. Second, we use industry-level concentration data to describe recent trends in average concentration. We show that, while concentration increases across the majority of industries after the late 1990s, the retail and information-services sectors are particularly key for understanding recent trends in average industrial concentration. Third, we link our industry-level analysis with firm-level data to describe the relationship between industrial concentration and nonfinancial corporations' profitability, markups, and investment. Consistent with the ambiguities in the theoretical literature, we find that these relationships are not uniform: while some highly concentrated industries confirm standard expectations with high markups, high profitability, and low investment rates, other highly concentrated industries earn lower-than-average markups and profits, suggesting that - in some industries - increased concentration and intensified competition may go hand in hand.
Türkiye'nin Yeşil Dönüşümü ve İş Fırsatları
(2023) Gözkün, Kübra Atik; Orhangazi, Özgür
Enerji sektörü küresel olarak sera gazı emisyonunu arttırırken, Türkiye'deki yıllık sera gazı emisyonlarının %40'ından elektrik üretimi sorumludur. Elektrik enerjisi üretimi amacıyla yenilenebilir enerji kaynaklarına yapılacak geçişin emisyon salınımında düşüşe sebep olması beklenirken, ekonomik aktivite ve istihdam fırsatlarında da artış yaratması beklenmektedir. Literatürdeki araştırmalar, yeşil enerji yatırımlarının ekonomik büyüme ve istihdam üzerindeki etkisi üzerine yoğunlaşmış olup, gelişmekte olan ülkelerdeki net etki belirsizdir. Ayrıca, alternatif politika senaryolarını dikkate alarak Türkiye'nin enerji geçişini inceleyen az sayıda çalışma bulunmaktadır. Bu tez, girdi-çıktı yöntemi ve istihdam faktörü yaklaşımını kullanarak Türkiye'de yeşil enerji dönüşümünün istihdam üzerindeki etkisini farklı senaryolar altında incelemektedir. Her iki analiz de, kömür enerjisinin yenilenebilir enerjiye göre daha yüksek istihdam potansiyeli içerdiğini, yenilenebilir enerji yatırımlarının ise fosil yakıtlara göre daha fazla operasyon ve bakım işi sağladığını göstermektedir. 1 milyon dolarlık yatırım, önümüzdeki 25 sene içerisinde güneş enerjisinde 16.2 iş potansiyeli barındırırken, rüzgar enerjisi 11.6 iş yaratmaktadır. Kömür enerjisi, daha yüksek sermaye maliyetleri nedeniyle yenilenebilir enerjiden daha yüksek bir istihdam yaratma potansiyeline sahip olsa da, öngörülen elektrik talebinin analize dahil edilmesi, 2020 istihdamının toplam %1,3 ila %3,9'una eşdeğer net pozitif istihdam fırsatı yaratmaktadır. Bu sonuçlar enerji endüstrisinin transformasyonunun enerji verimliliği yatırımları ile desteklenmesi gerektiğini ortaya koymaktadır.
“Capitalism without Capital” or “Technofeudalism”? Preliminary Thoughts toward a Theory of Knowledge Monopolization
(SAGE Publications Inc., 2025) Orhangazi, Özgür
This article engages with the arguments that the rise of intangible assets, digital platforms, and knowledge monopolies represents either a fundamental transformation of capitalism or the emergence of “technofeudalism.” Drawing from Marxian economic theory, I propose a conceptual framework based on three appearances of knowledge in the economy: commodity, capital, and barriers to entry. Knowledge commodities challenge traditional Marxian value theory because of their infinite reproducibility and near-zero reproduction costs, enabling firms to extract rents rather than directly create new value. Intangible assets increasingly function as capital, intensifying labor exploitation and enabling surveillance and control. Finally, knowledge monopolization reinforces capitalist accumulation and monopolization tendencies by creating barriers to entry. The analysis underscores the persistence of core capitalist logic while highlighting new contradictions posed by digitalization, intangible assets, and intellectual property rights.JEL Classification: B51, O33, O34, L86. © 2025 Elsevier B.V., All rights reserved.
The Intellectual Odyssey of James R. Crotty: From the War on Vietnam To a Socialist Alternative To Global Capitalism
(SAGE Publications Inc., 2023) Orhangazi, Ö.; Dymski, G.
We summarize the intellectual journey of James R. Crotty in this tribute. We discuss how Crotty’s approach to macroeconomics based on Marxian and Keynesian insights led to a series of flexible models based on realistic assumptions that help us better understand the contradictory evolution of capitalism from the 1970s to the 2010s. The basic building blocks of Crottyian macroeconomics consist of the emphasis on macro foundations, focus on the concrete capitalist processes with their endogenous, dynamic, and conflict-ridden nature, and the centrality of money, credit, and competitive dynamics of the capitalist system. We also discuss how a study of these dynamics led to his final work on “liberal socialism” as the way to end the disruptive cycles of capitalism. We argue that those aiming to construct a solid theoretical foundation to guide the understanding, transformation, and transcending of contemporary capitalist societies would find much inspiration in Crotty’s intellectual legacy. JEL Classification: E11, E12, B51 © 2023 Union for Radical Political Economics.
Labor Market Outcomes of Minimum Wage Increases: a Case Study
(Kadir Has Üniversitesi, 2019) Işık, Enes; Orhangazi, Özgür
There is an ongoing controversy surrounding the minimum wage policy. On the one hand, proponents argue that minimum wage can support employment in the presence of a labor market monopsony; opponents, on the other hand, argue that minimum wage has adverse impact on employment outcomes. In this study, using the 33% minimum wage increase in 2016 in Turkey as a quasi-experiment and utilizing the regional variation in the fraction of workers a↵ected by minimum wage increases, I examine the impact of the minimum wage policy on wages,employment, and informality. I illustrate that young workers and less than high school educated workers are disproportionally represented among minimum wage workers. Armed with this finding, I show wage gains for less educated workers and no adverse impact on employment outcomes. I find, however, relatively large positive informality e↵ects on young workers.According to the findings presented in this study, an additional 10 percent of potential minimum wage workers a↵ected by the 2016 minimum wage increase rises young workers’ informality by 12 to 17 percent.
Heterodox Theories of Economic Growth
(Taylor and Francis, 2025) Orhangazi, Ö.
In this chapter, I present an overview of the foundational ideas and main issues in heterodox growth theories, paying specific attention to Post Keynesian and Marxian contributions. Although it is not possible to do justice to the whole heterodox literature on economic growth within one chapter, this chapter is intended as an accessible entry point to the many different ways of heterodox growth theorizing. To that end, I set aside the details of the formal theoretical models as well as issues of economic development and the link between growth and development. I start in the next section with Post Keynesian models in general, then move on to models that focus on growth in developing countries, and finally discuss various Marxian approaches to economic growth. In the following section, I outline some common features of various heterodox growth theories and discuss the relevance of heterodox growth theories with respect to the recent ‘secular stagnation’ debate. Finally, I present a brief overview of recent work that is critical of growth itself. © 2026 selection and editorial matter, Tae-Hee Jo, Lynne Chester, and Carlo D’Ippoliti; individual chapters, the contributors.
The Intellectual Odyssey of James R. Crotty: From the War on Vietnam To a Socialist Alternative To Global Capitalism
(Sage Publications inc, 2023) Orhangazi, Ozgur; Dymski, Gary
We summarize the intellectual journey of James R. Crotty in this tribute. We discuss how Crotty's approach to macroeconomics based on Marxian and Keynesian insights led to a series of flexible models based on realistic assumptions that help us better understand the contradictory evolution of capitalism from the 1970s to the 2010s. The basic building blocks of Crottyian macroeconomics consist of the emphasis on macro foundations, focus on the concrete capitalist processes with their endogenous, dynamic, and conflict-ridden nature, and the centrality of money, credit, and competitive dynamics of the capitalist system. We also discuss how a study of these dynamics led to his final work on "liberal socialism" as the way to end the disruptive cycles of capitalism. We argue that those aiming to construct a solid theoretical foundation to guide the understanding, transformation, and transcending of contemporary capitalist societies would find much inspiration in Crotty's intellectual legacy.JEL Classification: E11, E12, B51
Citation - WoS: 1
Citation - Scopus: 2
Financialization and the Nonfinancial Corporate Sector
(Edward Elgar Publishing Ltd, 2015) Orhangazi, Özgür
[Abstract Not Available]

Orhangazi, Özgür

Profile URL

Name Variants

Job Title

Email Address

Main Affiliation

Status

Website

ORCID ID

Scopus Author ID

Turkish CoHE Profile ID

Google Scholar ID

WoS Researcher ID

Sustainable Development Goals

4

QUALITY EDUCATION

0

Research Products

6

CLEAN WATER AND SANITATION

0

Research Products

10

REDUCED INEQUALITIES

12

Research Products

13

CLIMATE ACTION

2

Research Products

14

LIFE BELOW WATER

0

Research Products

2

ZERO HUNGER

0

Research Products

8

DECENT WORK AND ECONOMIC GROWTH

13

Research Products

12

RESPONSIBLE CONSUMPTION AND PRODUCTION

1

Research Products

9

INDUSTRY, INNOVATION AND INFRASTRUCTURE

6

Research Products

17

PARTNERSHIPS FOR THE GOALS

7

Research Products

1

NO POVERTY

2

Research Products

11

SUSTAINABLE CITIES AND COMMUNITIES

1

Research Products

15

LIFE ON LAND

1

Research Products

3

GOOD HEALTH AND WELL-BEING

0

Research Products

7

AFFORDABLE AND CLEAN ENERGY

2

Research Products

5

GENDER EQUALITY

0

Research Products

16

PEACE, JUSTICE AND STRONG INSTITUTIONS