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Associate Professor

Dr. Mehmet Ali Soytas


Dr. Mehmet Ali Soytas is an Associate Professor in the Accounting and Finance Department at KBS. His research covers topics in labor economics, family economics, income inequality, intergenerational mobility, firm sustainability, and strategic behavior. Dr. Soytas’s work has been published in top tier journals such as the Journal of Monetary Economics, Quantitative Economics, International Journal of Production Research, International Journal of Production Economics among others. He has previously worked as a consultant for the World Bank and Energy Exchange Istanbul, as an Associate Professor of Economics at the Ozyegin University and as a researcher at the King Abdullah Petroleum Studies and Research Center (KAPSARC).

Dr. Soytas has taught courses on micro and macroeconomics, econometrics, statistics, and labor economics at the University of Pittsburgh, the Ozyegin University and KFUPM; supervised Ph.D. dissertations and presented at major economic conferences. He has organized workshops and seminar series, and acted as a referee for many international journals, and European and Turkish science foundation grants. He has had several research projects funded by the Turkish National Science Foundation, KAPSARC and KFUPM. He has also been a visiting scholar at Federal Reserve Bank of St. Louis, Washington University in St. Louis, Central Bank of the Republic of Turkey, University of Pittsburgh, and Australian National University and KAPSARC. Dr. Soytas holds a Ph.D. in economics from the University of Pittsburgh.


Ph.D. in Economics, University of Pittsburgh, 2011
M.A. in Economics, Marmara University, 2005
B.Sc. In Engineering, Bogazici University, 2001


Labor Economics
Family Economics
Industrial Organization
Sustainable Development

Recent Research

“What is the source of the intergenerational correlation in earnings?”, George-Levi Gayle, Limor Golan and Mehmet Soytas, Journal of Monetary Economics, 129, 24-45 (2022).

“Sustainability Outcomes in Multi-tier Supply chains: An Empirical Study of Turkish Manufacturing Firms”, Damla Durak-Usar and Mehmet A. Soytas, International Journal of Production Research (2022).

“Estimation of Static Corporate Sustainability Interactions”, Mehmet Ali Soytas, Damla Durak-Usar and Meltem Denizel, International Journal of Production Research, 60 (4), 1245-1264 (2022).

“The Pacifying Effect of Energy Dependence on Interstate Conflict: A Large-N Analysis”, Osman Zeki Gokce, Emre Hatipoglu and Mehmet A. Soytas, Energy Research and Social Science, Volume 78, 102-133 (2021).

“Corporate Sustainability and Financial Performance: Turkish Manufacturing Firms”, Damla Durak-Usar and Mehmet A. Soytas, Middle East Technical University (METU) Studies in Development, 48 (3), 201-250 (2021).

“The asymmetric impact of oil prices, interest rates and oil price uncertainty on unemployment: New evidence from the US”, Baris Kocaarslan, Mehmet Ali Soytas and Ugur Soytas, Energy Economics, 86, Feb, 104625 (2020).

“Addressing Endogeneity in the Causal Relationship between Sustainability and Financial Performance”, Mehmet Ali Soytas, Meltem Denizel and Damla Durak Usar, International Journal of Production Economics, 210, 56-71 (2019).

“Corporate Sustainability Interactions: A Game Theoretical Approach to Sustainability Decisions”, Damla Durak Usar and Meltem Denizel and Mehmet Ali Soytas, International Journal of Production Economics, 218, 196-211 (2019).

“Sustainable Development from Millennium 2015 to Sustainable Development Goals 2030”, Ergul Haliscelik and Mehmet Ali Soytas, Sustainable Development, 27: 545– 572 (2019).

“Estimation of Dynastic Lifecycle Discrete Choice Models”, George-Levi Gayle, Limor Golan and Mehmet Soytas, Quantitative Economics, 9(3), 1195–1241 (2018).

“Intergenerational Mobility and the Effects of Parental Education, Time Investment, and Income on Children’s Educational Attainment”, George-Levi Gayle, Limor Golan and Mehmet Soytas, Federal Reserve Bank of St. Louis Review, 100(3), 281-295 (2018).

“Does Being International Make Companies More Sustainable? Evidence based on Corporate Sustainability Indices”, Soytas Mehmet A., and A. Atik, Central Bank Review, 18(2) December 61–68 (2018).

“Role of Strategic Interactions in Corporate Sustainability Decisions: An Empirical Investigation”, Journal of Turkish Economic Association, 6(1), 17-46, Mehmet Ali Soytas and Damla Usar (2017).

Working Papers

“What Accounts for the Racial Gap in Time Allocation and Intergenerational Transmission of Human Capital?”, George-Levi Gayle, Limor Golan and Mehmet Soytas (2020). [Revision requested from the Journal of Political Economy]

“Intergenerational Income Mobility and Income Taxation”, Musab Kurnaz and Mehmet A. Soytas. (2020). [Revision requested from the Quantitative Economics]

 “Optimistic Entrepreneurs and Strategic Change in High-Tech New Ventures: An Examination Based on the Behavioural Theory of the Firm”, Isil Yavuz, Dev Dutta and Mehmet Soytas (2022). [Under review]

“Economic Sanctions and Carbonization of Target Economies”, Emre Hatipoglu and Mehmet A. Soytas (2021).

“Marriage Market and Intergenerational Mobility”, George-Levi Gayle, Limor Golan and Mehmet Soytas, (2022).

“A Theory of Intergenerational Mobility with Government”, Nizam M. Demirtas, Mehmet A. Soytas and Orhan Torul (2022).

“Energy Dependence and Interstate Conflict: A Large-N Large-T Analysis”, Emre Hatipoglu and Mehmet A. Soytas (2022).

“The asymmetric impact of energy dependence on interstate conflict”, Emre Hatipoglu and Mehmet A. Soytas (2022).

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