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Content
2024, Issue 32(60)
- 240201 Regulation of Natural Monopoly: The Turkish Electricity Market
by Özgün AKDURAN-EROL - 240202 The Impact of Carbon Emissions on Corporate Cost of Debt (COD): A Research on Borsa İstanbul (BIST) Sustainability Index
by Filiz ÖZŞAHİN-KOÇ & Ali DERAN - 240203 Do Increases and Decreases in Non-renewable Energy Consumption Have the Same Effect on Growth in Türkiye?
by Serkan GÖKSU - 240204 Impact of Corruption on Utility Prices: A Theoretical and Empirical Analysis for the Electricity Markets
by Mustafa Kadir DOĞAN & Funda ALTUN - 240205 Solar Energy Production and Economic Growth: An Analysis for EU Countries
by Meryem FİLİZ-BAŞTÜRK - 240206 Journey to Discover the Footprint of Tourism from the Perspective of Ecological Modernization
by Nalan IŞIK - 240207 Examining Fitness Centre Members' Perceived Risk, Attitude, and Behavioural Intentions in the Context of Brand Equity during the COVID-19 Pandemic
by Beyza GÜLTEKİN & Kadir YAĞIZ & Leyla ŞENTÜRK-ÖZER - 240208 Validity of Capital Structure Theories in the Shipping Industry: An Application on U.S. Equity Markets
by Berk YILDIZ - 240209 The Link Between Trade Openness, Economic Growth, Energy Use and Carbon Emissions: Analysis with a Conceptual Model Proposal
by Suzan OĞUZ - 240210 From Classical Political Economics to Neoclassical (Mainstream) Economics: The Ideological Reproduction and Depoliticization Process of Economics
by Betül SARI-AKSAKAL - 240211 The Role of Work Stress in The Effect of Social Comparison on Social Anxiety: A Study on Aviation Industry Employees
by Melis SOYER & Duygu ULUDAĞ & Merve MERT - 240212 Do ESG Ratings Affect Stock Prices? The Case of Developed and Emerging Stock Markets
by Yavuz GÜL & Ceren ALTUNTAŞ - 240213 Bilateral J-Curve Between Türkiye and Its Major Non-EU Trading Partners: Evidence from Both Linear and Non-Linear Approach
by Alper YILMAZ - 240214 The Strategies of Turkish Female Managers to Break Glass Ceiling
by Yeşim KAYA & Gülay TAMER - 240215 Asymmetric Causality Relationship Between Public Expenditures and Tax Revenues: Transition Economies Case
by Emre BULUT & Dilek ÇİL - 240216 The Relationship Between Cost Stickiness and Earnings Management and Firm Characteristics: A Review on Borsa Istanbul
by Gamze SEVİMLİ-ÖRGÜN & Mehmet AYGÜN - 240217 The Relationship Between Country Risk Premium, Loans and Macroeconomic Variables: Case of Türkiye
by İlknur EKİNCİ & Aykut EKİNCİ & Murat Can GENÇ - 240218 Attitudes of Tourism Product Sellers towards Tourism and Tourists in the Eastern Antalya Tourism Development Region
by Cemali SARI & Başak Sahara CAN-AKBALIK - 240219 The Effects of Public Investments and Fiscal Incentives in Free Port Cities on Economic Growth Dynamics at Local Level in Türkiye
by Deniz ABUKAN & Cem AKIN & Esra DOĞAN - 240220 Balance Sheet Effects of Exchange Rate Changes and Debt Dollarisation: An Econometric Analysis on the Turkish Real Sector
by Mücahid Samet YILMAZ & Mustafa ACAR - 240221 Türkiye’s Green Economy Performance in Compliance with the European Green Deal: Assessment and Perspectives
by Gülay KÜÇÜK & Betül YÜCE-DURAL
2023, Issue 31(56)
- 230216 Related Parties Transactions and Firm Value: Intermediate Effect of Sustainability Performance
by Utku ŞENDURUR & Bekir GEREKAN - 230217 Bibliometric Analysis of Publications in Artificial Intelligence and Marketing
by Gül EKİNCİ & Fatma Gül BİLGİNER-ÖZSAATÇİ - 230218 A Critical Contribution to the Evaluation of Contemporary Populism Literature
by Hasan Faruk USLU - 230220 An Empirical Application on Determine the Economic Literacy Levels of Public Staff
by Mehmet POLAT - 230221 A Socioeconomic Analysis in Terms of Household Digital Technology Ownership
by Behice CANATAN & Gökhan ÖZBİLGE & Egemen İPEK
2021
- 210105 The Relationship between Stock Returns, Bitcoin Returns, and Risk Aversion: Evidence from a Multivariate GARCH Model
by Ayşen SİVRİKAYA & Perihan İREN & Tolga OMAY - 210201 Causality Relationships Between Per Capita Income and Research and Development (R&D) Expenditures in Asian Tigers, China, and TurkeyAbstract: This study investigates the relationship between R&D expenditures and per capita income for Asian Tigers (Hong Kong, Korea, Singapore), China, and Turkey. For this purpose, the relationships between variables are investigated using the bootstrap panel causality test developed by Konya (2006). In the study, analyses are made using data between 1998 and 2016. According to the analysis results, there is a unidirectional causality relationship between R&D expenditures to per capita income in Hong Kong and Korea. On the other hand, there is a unidirectional causality relationship from per capita income to R&D expenditures in China and Turkey. The coefficients of these causality relationships are positive
by Mustafa KIRCA & Şerif CANBAY & Veysel İNAL & Sema YILMAZ-GENÇ - 210202 Adaptive Market Hypothesis and Return Predictability: A Hidden Markov Model Application in Borsa IstanbulAbstract: The adaptive market hypothesis (AMH) has recently attracted significant interest in the financial literature. The AMH has started to be considered an alternative to the efficient market hypothesis. In this respect, this study, first of all, examines the AMH for the BIST100 index of Turkey’s Borsa Istanbul stock exchange market by testing the return predictability. The applications are performed via automatic portmanteau and the generalized spectral (GS) tests using daily closing price data between January 1988 and December 2017. Secondly, the results of these tests are utilized for a hidden Markov model (HMM) application to examine the periods that yield return predictability. According to the results, it is observed that there is strong evidence for the validity of AMH within the scope of Borsa Istanbul’s BIST100. Additionally, the results of the HMM application confirm the periodic predictability regarding the determinants of the index.Classification-JEL: G1, G14, C12, C44
by Hasan Arda BURHAN & Eylem ACAR - 210203 An Evaluation on the GATT, the WTO’s Agreement on Safeguards, and the Dispute Settlement Procedure
by Volkan SEZGİN - 210205 The Impact of Media and Cultural Beliefs on Women’s Participation in Sports in Turkey: The Challenges faced by Turkish Women in Professional SportsAbstract: The fight for gender equality in Turkey extends as far as the sports sector of the economy. Although Turkey has recently seen a fast rise in the participation of women in sports, female athletes are still being marginalized for many reasons. The alarming levels of discrimination discourage females from entering into professional sports in Turkey and have inhibited the growth of the female sports sector in Turkey. This research aims to examine the different roles women have to take with emphasis on explaining the relationship between sports and politics in modern Turkey. The present study explores Turkish women's specific constraints and challenges in professional Sports. Qualitative data were generated from semi-structured interviews conducted with 142 female athletes (both amateur and professionals) across different cities in Turkey. The findings of the study indicate that family influence (χ= 4.39 of 5), wage inequality (χ = 4.31 of 5), media misrepresentation (χ = 4.16 of 5), inadequate sports facilities for women (χ = 4.12 of 5) and high levels of sexual harassment (χ = 3.89 of 5) are the constraints that must be addressed to improve the climate for female participation in sports significantly. The study highlights how these physical activities and sports programs play essential roles in increasing awareness of their importance and improving the overall perception of women in sports in Turkey.Classification-JEL: J16, J71, L83
by Meltem İNCE-YENİLMEZ - 210206 Gender Differences in Smoking Behaviour: Analysing the Changes for the 2008-2014 Period in TurkeyAbstract: The motivations and reasons for smoking initiation, continuation, and cessation for women are different from men. This paper investigates the differences in smoking rate and intensity by gender in Turkey from 2008 to 2014. The results indicate significant differences in the decision to smoke and how much to smoke by gender. Results further indicate that the positive effects of the anti-smoking policies are fading away over time. Especially for women, the smoking and consumption levels are higher in 2014 than in 2008. This study argues that policies designed to combat the initialization and the intensity of smoking should account for the behavioural differences observed across genders
by Dilek BAŞAR & Selcen ÖZTÜRK & Shihomi ARA-AKSOY - 210212 An Empirical Analysis Regarding the Effect of Sukuk Outstanding on Growth in Turkey: 2010-2019Abstract: What is called Islamic finance today focuses on providing financial services in line with Islamic rules and ethos. Within the scope of Islamic finance developed since the 1970s, sukuk plays an essential role in Islamic banking (participation banking). In recent years, sukuk has also gained significant attention in Turkey. Despite its central role in Islamic banking and the increasing importance attached to it, the effects of sukuk on macroeconomic variables such as economic growth have not been studied in the literature extensively. Due to these reasons, this paper aims to conduct an econometric analysis about the effects of sukuk on Turkey's growth for the period of 2010-2019. The quarterly data is gathered from HMB (Treasure and Finance Ministry), TKBB (Participation Banks Association of Turkey), and MKK (Central Securities Depository of Turkey). ARDL bound test is utilized to examine the long-term effects of bonds and sukuk on economic growth. According to the results, both the governmental sukuk and the participation banking-based sukuk outstanding have statistically significant effects on Turkish growth. While the effect is positive for the former type, it is harmful to the latter. Nevertheless, for both types, the impact stays relatively minuscule. It is recommended that the governmental sukuk outstanding can be increased
by Zeyneb Hafsa ORHAN & Nurullah TIRMAN - 210215 Preferences of Taxpayers for Public Expenditures and Preferences for Paying Taxes for These Expenditures: Turkey SampleAbstract: This study aimed to determine taxpayers' preferences for public expenditures and preferences for paying taxes for these expenditures in Turkey. First, the relevant literature was examined, and then a survey questionnaire was prepared for the study. In this study, in which 782 direct taxpayers from 12 provinces participated, it has been determined that they prefer higher public expenditure on education, health, and safety even if the tax payable by the taxpayer has to increase. The preferences over public expenditures and the preferences over their tax payments for these public expenditures were analysed according to the demographic variables of the province, gender, marital status, age, education level, and monthly personal income. The study's findings contribute to the creation of an expenditure program that would maximize the benefits of both taxpayers and policy makers
by Yasemin ARIMAN & Mehmet TUNÇER - 210221 The Influence of Human Resources on Organizational Performance: An Empirical Research on Youth CSOs Abstract: Civil society organizations (CSOs) have become complementary, supporting, and alternative actors in areas where public institutions and private sector organizations are insufficient or reluctant to produce social goods and services. Therefore, differentiation and failure in the organizational performance of the CSOs negatively influence sustainability, efficiency, and accessibility of goods and services that these CSOs provide. In many studies, significant relations were found between the organizational performance and the capacity of the CSOs. In parallel, the unique influence of human resources - as one of the significant components of the organizational capacity - on organizational performance is evaluated through the sample of 975 Youth CSOs randomly selected from 81 cities of Turkey in this research. Research data was gathered from a survey that was applied to representatives of these CSOs. The influence of human resources on organizational performance was tested and explained by multiple regression methods. Based on the research findings, it was seen that human resource variables of professional management, satisfaction from the management approach, satisfaction from the contribution of volunteers, number of paid workers, competence for work achievement, and organizational training influence the organizational performance of CSOs. Furthermore, policy recommendations were developed to improve the human resources and organizational performance of CSOs.Classification-JEL: C02, M10, M12, M53
by Emrah AYHAN & Murat ÖNDER
2020, Issue 28(46)
- 200403 Syrian Refugees in the Turkish Labour Market: A Socio-Economic AnalysisAbstract: This article explores the socio-economic conditions of Syrian refugees in Turkey with the help of the Household Labour Force Survey. Firstly, it describes and analyses some of the challenges derived from an expansive population pyramid, low school attendance rates and high labour market attachment from an early age. Then, it assesses the employment and wage structure of Syrian workers, including the estimation of returns to schooling and a test for employer discrimination towards Syrian refugees. On the one hand, the results suggest that refugees are not discriminated against comparable Turkish employees. On the other hand, for Syrians with university degrees, informal work arrangements and lack of prior learning recognition make their return to schooling five times lower than that of formally employed Turkish citizens
by Luis PINEDO-CARO - 200406 The Impact of Financial Stability on Real Economy in Turkey: Based on Linear and Non-Linear ARDL ModelsAbstract: The stability situation of financial system and its impact on real economy is a discussion subject. The aim of the study is to investigate the impact of stability situation of financial system on real economy and reveal reciprocal asymmetric effects between each other. For this purpose, composite financial stability index is developed in order to gauge stability situation of Turkey’s financial system for the quarterly period of 2004-2017. It was seen that index is a good proxy of related period due to reflect domestic and global economic affairs. Linear ARDL model was determined based on unit root structures of variables. Non-linear ARDL model and Hatemi-J causality test were used to analyse stability and instability situations of financial system, separately. The findings indicate that financial stability affects real economy more than instability at the related period
by Mesut Alper GEZER & Ramazan KILIÇ - 200407 A Comparison on Conventional and Unconventional Monetary Policy Strategies in the Context of International Transmission ChannelAbstract: In this study, the effectiveness of conventional and unconventional monetary policy strategies is investigated for developing countries (Romania, Poland, Hungary and Turkey) for 2008:1-2017:5 period with panel VAR methodology. Results show that in the post-global crisis period, conventional policy implementations cannot create meaningful and lasting effects on GDP in developing countries. It has been seen that unconventional monetary policy doesn’t have a statistically significant effect on inflation, while its most severe and permanent effect is observed on the real effective exchange rate
by Durmuş Çağrı YILDIRIM & Buket KIRCI-ALTINKESKİ - 200409 Estimating Electricity Consumption Levels in Dwellings Using Artificial Neural NetworksAbstract: Most of the studies on electricity consumption were conducted using econometric models and statistical methods. Studies that aiming at predicting electricity consumption levels using household characteristics and utilizing machine learning methods couldn’t be found in the literature. This study is aiming at presenting a model proposal that predicts the electricity consumption levels in dwellings as lower consumption and higher consumption classes, using household and dwelling characteristics. Artificial Neural Networks were utilized as a machine learning method in modeling phase. Data were gathered from Turkish Statistical Institution’s Household Budget Survey. The records having no electricity consumption were removed and mean electricity consumption was determined from remaining 32,765 households. Records above the mean were labelled as high-consumption class and that are below the mean were labelled as low-consumption class. ANN model training was carried out using 24,574 (70%) household data. Remaining 8,191 (30%) household data were used for testing the model. The success of the model was 75.11% at training phase, and it was 65.56% at testing phase. As a result, the model proposal predicting electricity consumption levels using household and dwelling characteristics to contribute electricity production and distribution planning is presented
by Uğur ERCAN & Sezgin IRMAK & Kerim Kürşat ÇEVİK & Erokan CANBAZOĞLU - 200410 Food Security as Global Public Good: An Evaluation for OECD CountriesAbstract: Globalization has led to the increased importance of global public goods in public finance literature. Access to safe and sufficient food is one of these goods and services, where the benefits and harms are felt on a global scale without competition and exclusion. Food security is defined as health services that all people always have physical, social and economic access to safe, sufficient and quality food provided in hygienic conditions to meet their nutritional needs and food preferences for a healthy and active life. This study presents food safety assessment and policy recommendations for OECD countries using the Global Food Security Index
by Melek AKDOĞAN-GEDİK - 200411 Characteristic Features of Classical Age of the Ottoman Budgets: Tarhuncu Ahmed Pasha’s Budget
by Hüseyin Güçlü ÇİÇEK & Süleyman DİKMEN - 200412 The Working Conditions of Freelance Journalists in Turkey Abstract: This study aims to analysis the working conditions of freelance journalists in Turkey. In this study, a mixed research design was adopted. Quantitative data were taken from the survey conducted with 300 freelance journalists and qualitative data were taken from one-to-one interviews with 15 freelance journalists. In addition, the data obtained from the expressions of the experiences of freelance employees in the activities carried out periodically with the “Ofissizler” and platform of Dünyada Mekân, which is the common solidarity network of freelancers, were also added. While the survey data were analysed with SPSS 20.0 package program, qualitative data were analysed with descriptive analysis technique. As a result of the research, it was revealed that freelance journalists’ roles changed in the sector. For instance, digital developments provide the opportunity to develop new skills in new jobs and careers, on the other hand, precarious work become widespread in the sector and they are experiencing important problems related to wages, social security, job security and union organization. On the whole, it is one of the first studies to present quantitative data among freelance journalists and it is unique in terms of addressing the issue not only in the context of labour relations but also in the transformation of journalism profession
by Serpil ÇİĞDEM & Ekrem ERDOĞAN - 200413 Prediction of Gold Prices Using Multilayer Artificial Neural Networks Method
by Yakup SÖYLEMEZ - 200414 Examination of the Stationarity of Ecological Footprint and its SubComponents in the OECD CountriesAbstract: The basic aim of this study is to test the stationarity of the ecological footprint and its subcomponents with the Fourier KPSS unit root test, which takes both smooth and sharp structural breaks into consideration, in 12 selected OECD member countries over the period between 1961-2016. The analysis results detected that carbon emission and total ecological footprint variables for the USA; forest products footprint variable for Germany; forest products and total ecological footprint variables for Australia; fishery areas and forest products footprint variables for Austria; carbon emission, forest products and total ecological footprint variables for France; fishery areas and forest products footprint variables for the Netherlands; forest products and cropland footprint variables for England; cropland footprint variable for Italy; cropland and total ecological footprint variables for Japan; total ecological footprint variables for Canada and fishery areas and forest products footprints for Turkey are stationary at levels
by Ali Eren ALPER & Fındık Özlem ALPER - 200415 Women Shelters as a Social Institution in Struggle against Violence Abstract: Violence against women is a social problem. While various public and private measures are taken to eradicate its existence, certain services are provided to protect women who have been already exposed to violence and to help them adopt a sustainable life thereafter through public and/or private institutions and organizations. Within this framework, “women’s shelters” in Turkey provide temporary services to victims of violence against women by rescuing them from violence, solving psycho-social and economic problems and preparing them for a better future. In this context, the aim of the research is to determine the roles and functions of the shelters in the struggle against violence against women. Descriptive research design was used in the research. In-depth interviews were conducted with 25 women staying in three shelters in İzmir province affiliated to the General Directorate on the Status of Women, Ministry of Family, Labor and Social Services of the Republic of Turkey. The data obtained from these interviews were deciphered and analysed with MAXQDA 18 qualitative data analysis program. In the light of the data obtained from one-on-one interviews, seven main themes were revealed. These themes are as follows: (i) the nature of violence against women, (ii) causes of violence against women, (iii) the societal support to the women victims of violence, (iv) the role of a “women’s shelter” in struggling violence against women, (v) conditions of the “women shelters”, (vi) sustainable living of women post-shelter and (vii) further suggestions for the improvements of “women shelters”
by Sevda DEMİRBİLEK & Ayşenur ÖKTEM-ÖZGÜR & Aliye ÇOBAN
2020, Issue 28(43)
- 200101 Factors Influencing the Household Relative Poverty in Turkey: Logistic Regression Analysis
by Nurgül EVCİM & Sevcan GÜNEŞ & Hacer Simay KARAALP-ORHAN - 200102 A Fiscal Space Analysis In Terms Of Turkey’s Domestic Debt
by Süleyman KASAL & Özay ÖZPENÇE - 200103 Impact of Syrian Forced Migration on Turkish Economy
by Burçak Müge TUNAER-VURAL - 200104 The Matrix Exponential Spatial Specification Approach for Big Datasets: The Analysis of Istanbul Office Market
by Sinem Güler KANGALLI-UYAR - 200106 The Determinants of Airline Operational Performance: An Empirical Study on Major World Airlines
by Kasım KİRACI & Mehmet YAŞAR - 200107 Forecasting Stock Market Indices with the Composite Leading Indicators: Evidence from Turkey
by Esra Nazmiye KILCI - 200108 Perception towards Drivers of Entrepreneurship: A Crosscultural Study on the University Students from Kyrgyzstan, Bhutan & Taiwan
by Azamat MAKSUDUNOV & Samten JAMTSHO & Omurbek ILIMBEKOV - 200109 Measuring the Efficiency of Selected European Football Clubs: DEA and Panel Tobit Model
by Halil İbrahim KESKİN & Hakan ÖNDES - 200110 Determining of Social-Cultural, Environmental and Economic Impacts of Winter European Youth Olympic Festival
by Tevfik Şükrü YAPRAKLI & Musa ÜNALAN - 200111 The Relationship Between Economic Growth and Income Inequality: A Panel Data Analysis
by Kemal ERKİŞİ & Turgay CEYHAN - 200112 Financial Crises and Signal Indicators in BRIC-3 Countries
by Hilal ALPDOĞAN & Mustafa AKAL - 200113 The Impact of Health Financing on Health Systems’ Performance: An Assessment for European Union and Candidate Countries
by Şenol DEMİRCİ & Murat KONCA & Gülnur İLGÜN - 200115 Social Security Membership and Saving: The Turkish Case
by Çağaçan DEĞER & Elif ERER - 200117 Fiscal Sociology and Veblen’s Critique of Capitalism: Insights for Social Economics and the 2008 Crisis
by Ceyhun GÜRKAN
2020, Issue 28(44)
- 200201 A Multivariate Investigation of Overall Happiness, Job Satisfaction and Income Satisfaction of Women and Men in TurkeyAbstract: This paper examines the factors affecting working women’s and men’s overall happiness, job satisfaction and income satisfaction levels and the association between these three measures of happiness. Women and men who are satisfied with their workplace relations relative to those who are not are more likely to report that they are satisfied or very satisfied with their life, job and income. Women’s job and income satisfaction and men’s all three means of happiness are more likely to be high for those who received a pay rise last year. The strongest correlation is observed between job satisfaction and income satisfaction for both genders, which is slightly stronger for women that challenges the arguments on women’s financial motivation to be not as strong as men at work. Spillover hypothesis is confirmed in all pairwise combination of the three happiness measures according to findings
by Aslı ERMİŞ-MERT - 200202 The Effect of Democracy on Economic Growth in Developing Countries
by Asiye TÜTÜNCÜ - 200203 Revisiting the Finance-Growth Nexus in Turkey: Bayer-Hanck Combined Cointegration Approach over the 1970-2016 Period
by Onur ÖZDEMİR - 200204 The Relationship between Real Per Capita Income, Foreign Direct Investment, Trade Openness and Carbon Emissions Under Structural Break in Turkey for the Period of 1974-2016
by Salih ÖZTÜRK & Selin SAYGIN - 200205 The Effect of International Trade on Employment in Turkey
by Seren SAVACI & Ayşe Dilek SEYMEN - 200206 Fiscal Decentralization with a Redistribution Rule vs. Fiscal Centralization
by Zeynep Burcu BULUT-ÇEVİK - 200207 The Playing Field of Innovative Entrepreneurship: A Multilevel Analysis of Institutional Effects on Female Entrepreneurship
by Mehmet Nasih TAĞ & Duygu HIDIROĞLU - 200208 Long Term Analysis of Intersectoral Interdependence of Turkey’s Economy with Input Output Analysis Approach
by Ferhat PEHLİVANOĞLU & Muhammet Rıdvan İNCE - 200209 The Effect of Investor Attention on Equity Markets: Panel Data Analysis on Banks Traded on Borsa Istanbul
by Tuğba NUR-TOPALOĞLU & İlhan EGE - 200210 Contingent Liabilities as a Risk Factor in Public Finance: The Case of Turkey
by Semih ŞEN & Mircan TOKATLIOĞLU - 200211 Industry 4.0 and Transformation in Public Finance: An Assessment by Government Expenditures
by Miraç Fatih İLGÜN - 200212 Decentralization Matter of Healthcare and Effect on Regional Healthcare Efficiency: Evidence from Turkey
by Gökçe MANAVGAT & Ayhan DEMİRCİ - 200213 Asymmetries and Macroeconomic Shocks: The Pre-Crisis Period and Evidence for Europe
by Naib ALAKBAROV & Utku UTKULU - 200214 Political Polarization and Size of Government
by Nazlı KEYİFLİ & Sacit Hadi AKDEDE - 200215 The Relationship Between Political Instability and Budget Consistency: 1984- 2018 Period Analysis in Turkey
by Ayşe ATILGAN-YAŞA & Selim ŞANLISOY & Ahmet ÖZEN - 200217 Earnings Management and Financial Performance: An Empirical Investigation of the Istanbul Stock Exchange
by Koray TUAN & Metin BORAK - 200218 Testing the Convergence Hypothesis for OECD Countries: RALS Panel Fourier SURADF Unit Root Test
by Veli YILANCI & Esra CANPOLAT-GÖKÇE
2020, Issue 28(45)
- 200301 Does Public Health Insurance Provide Financial Protection Against Out-Of-Pocket Health Payments? Evidence from TurkeyAbstract: Turkey hasinitiated comprehensive reformsto increase equity among its citizensfor healthcare financing, access to health services, and health outcomes. A significant change in this process was expanding the benefits package for the non-contributory public health insurance for low-income households. This study examines the impact of the public insurance expansion on out-of-pocket healthcare expenditures for the poor. We find that public insurance helped the beneficiaries not spend a sizeable portion of their income to get medical treatment. Overall, the public insurance program provided financial protection for the poor households by decreasing out-of-pocket health expenditures
by Abdullah TİRGİL & Fatih Cemil ÖZBUĞDAY - 200302 Arms Race Between Turkey and Greece: Time-Varying Causality Analysis Abstract: An arms race is the dynamic process followed by states in the acquisition of weapons. An arms race requires mutual military expenditures during this process to support the arms race hypothesis among states. This study elaborated on the arms race hypothesis between Turkey and Greece for the period 1960-2016 with the help of time-varying causality testing as well as bootstrap causality testing and asymmetric causality testing. The bootstrap causality test results proved that there is a unidirectional causality relation between Greece’s defense expenditures and Turkey’s defense expenditures, whereas the asymmetric causality testing results proved that a mutual relationship exists between the two states’ defense expenditures. Further, according to the time-varying causality testing results, the presence of an arms race can be confirmed between the two countries for the periods 1975- 1990 and 2000-2014
by Asiye TÜTÜNCÜ & Burak ŞAHİNGÖZ - 200303 Is PMI a Leading Indicator: Case of TurkeyAbstract: In this study, the causal relationships of the Purchasing Managers Index (PMI) with various financial factors are examined. As a result of the analysis, it is determined that the change in the Istanbul-Stock-Exchange-Industry Index (ISEIND) causes the change in the PMI and the changes in the PMI also causes the changes in the Industrial-Production Index (IPI) and the Capacity-UtilizationRates (CUR). It is also determined that the causality towards to PMI from the ISEIND and causality towards IPI from PMI is valid in the medium- and long-run, whereas the causality towards PMI to CUR are valid for the all periods. According to these results, PMI can be considered as a leading indicator for the real sector. However, the same result does not apply to the financial sector
by Saffet AKDAĞ & Ali DERAN & Ömer İSKENDEROĞLU - 200304 The Performance of Education System in Different Welfare Regimes in School to Work Transitions: Denmark, France, Spain, Greece, and TurkeyAbstract: School systems and their links with the labor market play an important role in students’ success or failure and, consequently, facilitate (or not) their later access to the labor market. This article presents a comparison of the effects of different welfare regimes on school to work transitions. By drawing on an intense desk study and secondary analysis, the article examines five countries with different welfare regime types and reveals how they shape schooling and school to work transitions, particularly for disadvantaged groups. These countries are Denmark (universalistic regime), France (employment-centered regime), Spain, Greece, and Turkey (sub-protective regime). The article also addresses potential policy transfers in the findings
by Çetin ÇELİK - 200305 The Role of House Prices in the Monetary Transmission MechanismAbstract: Housing markets have an essential role in the process leading up to the 2008 financial crisis. The problems in the housing markets started with monetary tightening. These developments revealed the importance of the relationship between monetary policy, housing markets, and the real sector. Besides, the role of housing prices in the monetary transmission mechanism has begun to examine. In this context, the paper aims to investigate the role of housing prices in the monetary transmission mechanism in the Turkish economy empirically. The analysis method of the study is Structural VAR. The analysis period is 2011:1-2019:4. According to the results of the analysis, monetary policy affects housing prices. However, housing prices have no impact on consumption and housing investment. When these two situations evaluated together, housing prices have no role in the monetary transmission mechanism. On the other hand, the analyses indicate that the Central Bank of the Republic of Turkey closely followed the housing prices. In this framework, it reacts rapidly to the appropriate policy response
by Musa BAYIR - 200306 Impact of the Provinces’ Gross Domestic Product Per Capita on the Better Life Index: An Analysis at the Level of Provinces Abstract: Recent studies on determining the impact of income on quality of life, better living level and life satisfaction suggest that the use of Gross Domestic Product per capita should be treated with suspicion. The aim of this study is to investigate whether there is a relationship between the better life index level and the Gross Domestic Product per capita of the provinces. In order to achieve this objective, the data used in the research was obtained from the Turkey Statistical Institute database and analyses were performed with SPSS 17. As a result of hierarchical multiple regression analysis, it was concluded that as the per capita income levels of the provinces increased, better living level index values improved
by Serap TAŞKAYA - 200307 Structural Equation Modelling for Premium and Tax Perception of Retired and Employees: Istanbul ExampleAbstract: Tax perception is defined as a concept that affects tax consciousness and the attitudes of the individuals regarding the tax. In this context, many studies are available in the public finance literature. On the other hand, due to the similarity with taxes, there are few studies on how the social security premium can reveal a relationship with the tax perception. It is essential how these perceptions can generate results in terms of retirees and employees. This situation constitutes the motivation for the study. The study aims to reveal the differences in the tax and premium perceptions regarding young employees in the age range of 18-35 and retirees. In order to determine this difference, test results within the scope of structural equation modeling were considered. The use of the tests regarding structural equation models that provide more reliable results than parametric or nonparametric tests contributes to the public finance literature. According to the results of this study, the effect level concerning employees’ perceptions of premiums on their tax perceptions may be higher than that of retirees
by Ufuk GERGERLİOĞLU & Deniz AYTAÇ & Mete DİBO - 200308 The Effect of Oil Prices Mobility on Basic Macroeconomic IndicatorsAbstract: In this study, it has been aimed to determine the effect of oil prices on basic macroeconomic indicators econometrically by using the monthly data of the Turkish economy of the 2007-2018 period. Johansen Cointegration method has been used to determine the long-term relationship, and FMOLS, DOLS, and CCR methods have been used to calculate the long-term coefficients. According to the empirical results, oil price mobility is cointegrated with the main macroeconomic indicators in the long run, and have a positive effect on the interest rate, inflation, industrial production index, real effective exchange rate and employment and a negative effect on the current account deficit
by Murat AYKIRI - 200309 An Analysis of Value-Added Production and Macroeconomic Performances of the Turkic Countries via DEMATEL and COPRAS Methods Abstract: In this study, the macroeconomic and value-added production performances of Azerbaijan, Kazakhstan, Turkmenistan, Uzbekistan, and Turkey between 2008 and 2016 are analyzed with DEMATEL and COPRAS methods. The results show that Turkey and Turkmenistan displayed the best macroeconomic and worst value-added production performances, however, Kazakhstan, Uzbekistan, and Azerbaijan are ranked below Turkey and Turkmenistan in terms of macroeconomic performances although they show much better value-added production performances than these two countries. This indicates that Kazakhstan, Uzbekistan, and Azerbaijan cannot utilize their income efficiently, while Turkey and Turkmenistan better utilize their income that they generate through nonproduction fields of activity
by Ahmet Serhat ULUDAĞ & Asiye Öznur ÜMİT - 200310 Institutions and International Trade Linkages: An Investigation with Panel Data Analysis on Transition Economies Abstract: The purpose of the paper is to analyze the impact of governance indicator as a measure of institutional quality on international trade over transitions economies for the period 1996-2016. The relationship between institutions and exports and total international trade has been evaluated according to cointegration tests with and without structural breaks. As a result of the empirical analysis, cointegration relationship is determined between the variables in tests that did not consider structural breaks. When the relationship of the exports of goods with the governance indicators is analyzed by CCE and the Baltic countries and the CIS separately, a significant positive relation is found between the export level of goods and the governance indicators of CEE and Baltic States
by Pınar ÇUHADAR & Ömer DORU - 200311 Success Factors which Affecting Participatory Budgeting: A Case Study on New YorkAbstract: After over 2 decades of military dictatorship Brazil became a democracy in 1988. The Participatory Budget was formally introduced in Porto Alegre under the leadership of the Workers’ Party in coalition with pro-democracy social movements. Interest in participatory budgeting is continuing to grow. Participatory Budgeting has now been instituted in over 1500 cities worldwide. In this study it has been aimed to introduce the basic criteria of participatory budgeting and to examine the factors affecting success in participatory budgeting. The sample of New York City, which is highly compatible with the factors we are dealing with, is analysed and the participatory budgeting process and its results are analysed
by İsmail GÜNEŞ - 200313 Industry 4.0-Related Digital Divide in Enterprises: An Analysis for The European Union-28 Abstract: Digital divide has been measured using various indicators in the literature so far. In contrast from the literature, this paper addresses the digital divide within European Union member states according to Industry 4.0-related indicators that have been used for the first time in empirical literature. While Finland, the UK and Germany are among the countries with economic development levels above the EU average, Cyprus, Bulgaria, and Romania are among the countries that are below the Union average in terms of Industry 4.0-related development. It is clear that an Industry 4.0-related digital divide is observable within EU member countries. The European Union should try to decrease the digital gap between member countries by developing and supporting special Industry 4.0 policies, especially for members below the EU average. Therefore, the results of this article will help policy makers in the EU and in member countries
by Hayriye ATİK & Fatma ÜNLÜ - 200314 An Investigation of the Factors Affecting Inflation Perceptions: A Case Study on Business and Economics Undergraduate Students Abstract: The aim of this study is to investigate the factors behind the inflation perceptions of undergraduate students of economics and business. Factors, such as education in economics, sociodemographic conditions, cognitive abilities, financial situation and consumption habits are investigated. The empirical evidence suggests that economics students on the average estimate a higher level of inflation than the official rate however their perceptions are closer to actual rates compared to the other students. The findings reveal that economic literacy, financial situation, gender, and the degree of trust regarding official measures of inflation, and purchase frequency of goods also influence inflation perceptions significantly
by Şule GÜNDÜZ & Seçkin YILDIRIM & Mübeccel Banu DURUKAN - 200315 Irrigation Systems Transformation in Cotton Production in the Harran District, Turkey: Implications of an Agent-Based Model
by Onur YENİ & Zeynep YENER-GÖK & Özgür TEOMAN - 200316 Bibliometric Analysis of the Articles Published in Journal of Sosyoekonomi: The Period of 2005-2019 Abstract: The purpose of this study is to create a bibliometric profile of the articles published between 2005-2019 in Sosyoekonomi Journal. In this context, 481 articles which published in the journal between the specified years have been examined using bibliometric analysis which is one of the qualitative research methods. The fundamental issues discussed in the scope of the study consist of article analysis, author and institution analysis, subject analysis and citation analysis. As a result of the research, it was determined that English was used extensively in the language of publication and bibliography. In recent years, empirical studies have been observed to be more preponderant than theoretical studies. There is a continuous increase in the number of citations compared to years; it has been found that the amount of citations has reached significant levels especially in recent years. In addition to academics, it has seen that the staff working in various institutions and organization except of universities also contributes to the journal. The distribution of authors contributing to the journal did not accord with Lotka, Price and Pareto laws. The Impact Factor and Immediacy Index of the journal increase regularly. Tax, economic growth and public policies are main topics the matter in hand in the articles
by Sedat POLAT - 200318 Can Twitter Forecast Uncertainty of Stocks?Abstract: Academic studies have shown that there is a relationship between emotional analysis results of tweets and stock price movements, and then stock prices can be estimated using this relationship. In this study, in which the effect of tweets on the volatility of the stock is estimated, the volatility scores and the emotion scores between the stocks were also revealed. In the scope of the study, sentiment analysis with Naive Bayes was performed on Turkish tweets shared by three phone companies (Alcatel, Turkcell and Vestel) which are in Borsa Istanbul and whose products are sold in Turkey. According to the results of the analysis, it was found that sentiment scores obtained for Turkcell and Vestel significantly increased Alcatel's conditional variance statistically
by Gürkan BOZMA & Sinan KUL - 200319 The Reflections of Post-Fordism on Public AdministrationAbstract: After 1970s, the working order of public institutions was affected by Post-Fordism therefore horizontal and flexible business relations started to strengthen in the public sector. The Post-Fordist transformation, in which the state's productive role develops as a regulator, designs the state in accordance with the governance mechanism, weakens the social welfare state by diverting production from the demand, and creates a state model that deals with supply-side problems, competition and innovative capacity. In this study, by using the literature review method, the effects of Post-Fordist production style on business life, public services, social welfare state, development policies, structure of public administration and public employment is analysed. As a result, in the new Post-Fordist era, the principles of flexibility, decentralization, multi-actorism and participation have come to the fore in public administration at macro and micromanagement levels
by Uğur SADİOĞLU & Sencer ALTAY - 200320 Recall Mechanism: Implications of International Representative to TurkeyAbstract: Efforts are underway to ensure that citizens are more active in public administration for accountable, participatory and transparent management through the supervision of local authorities and public officials. The recall mechanism, which connects elected officials to voters and helps neutralize anger and resentment to elected officials who do not respond to the needs of citizens, is found in many countries today. Recall is used as an important tool for covering the flaws of democracy and ensuring public participation as a mechanism that ensures that public officials, elected officials and/or bodies who are dissatisfied with their work or do not fulfill the promises made during the election process are dismissed by a certain percentage of citizens before their normal term of office expires. In this study, after giving the theoretical information about the right of recall, recall practices in different countries of the world will be examined. Besides Turkic tenth place in the political life and Rural Development Plan Draft Law on the recall mechanism began to be discussed will be examined and applicability in Turkey will be discussed
by Oğuzhan ERDOĞAN
2020
- 200105 Explaining Tax Non-Compliance from a Neo-Institutionalist Perspective: Some Lessons from a Public Opinion Survey in Turkey
by Ayşegül KAYAOĞLU & Colin C. WILLIAM - 200114 Gastronomi Turizmi Aracılığıyla Yerel Mutfağın Dönüşümü
by Serkan POLAT & Semra AKTAŞ-POLAT - 200116 Desired Labour Supply of the Unemployed in Turkey
by İsmail ŞENTÜRK - 200216 Efficiency Analysis of Turkish Higher Education Institutions: Stochastic Frontier Model
by Fatih KARASAÇ - 200401 Are Shadow Economy and Corruption in US States Substitutive or Complementary? An Empirical InvestigationAbstract: An empirical investigation of the 50 US States shows that the relationship between shadow economy and corruption is negative (substitutive) when the shadow economy is relatively small; it is positive (complementary) when the shadow economy is large. According to the robust regression results for 50 American states between 2001 and 2008, the turning point from negative to positive is when the shadow economy of a state is at 7.61 of its GDP. Shadow economy and corruption are first substitutive and then complementary. The lesson to learn is that there is no simple anti-corruption policy rule if one takes into account the varying interaction between corruption and the shadow economy
by Omer GOKCEKUS & Friedrich SCHNEIDER - 200404 External Audit and Asymmetric Information Problem: Alternative Framework in Public BankingAbstract: As an important policy instrument within the financial system, public banks assumed greater responsibility with the expansion of statist policies during the Great Depression of 1929. While maintaining and expanding its market share in the banking sector, Turkish Public Banking has undertaken the task of providing service for the benefit of the public and has increased its efforts to compete in global markets through the expansion of its customer portfolio - product range and financial innovations in information technologies lately. On the other hand, asymmetric information problem stemming from information pollution prevents the effective functioning of the audit mechanism, which is normally set to run based on accurate and complete information, and adversely affects the risk management processes of public banks. This study presents a proposal of an external audit model-“The Insured Customer-Based External Audit in Public Banking Model”. The model proposed will contribute to the present financial system in terms of strengthening the legal power of the related institutions with the aim of reducing asymmetric information and increasing efficiency of external auditing in public banks. SWOT analysis has been conducted over the proposed model for greater understanding of its applicability and to reveal its possible effects in the banking sector. The results derived from the preferred method used in the study will pave way for the implementation of different numerical research methods in the future such as multi-criteria decision-making techniques in the same area of research
by Seda SÖNMEZ-ÖZEKİCİOĞLU & Filiz YETİZ - 200405 Environmental Disclosure: Determinants and Effects on Financial Performance? An Empirical Evidence from TurkeyAbstract: This article investigates the determinants of public disclosure of environmental information by firms and its effect on their financial performance. Using a sample of 66 firms listed on Istanbul Stock Exchange during the period of 2014-2018, we find that highly leveraged and larger firms, and firms with higher equity agency costs are more likely to disclose environmental information. However, the results indicated that profitability, industry type, information asymmetry, investment opportunities and business risk do not affect the probability that the firm will disclose environmental information. Finally, we find a weak evidence that environmental disclosure affects the financial performance of Turkish firms
by Ismail KALASH - 200408 Regional Housing Market in Turkey: Convergence Analysis for NUTS-2 Abstract: Economic impact of price bubbles that may occur in housing market and risks they pose for the housing market make it necessary to observe the course housing prices. Therefore, the aim of this study is to analyse whether changes in regional housing prices converge to changes in national housing prices in Turkey. In this context, relative house price index (HPI) is generated by monthly house prices for the NUTS-2 regions of Turkey. As a result of the application of unit root tests to the relative HPI generated, it was determined that the changes in housing prices diverged. This shows that the price changes in regional housing markets in sub-market position are independent from the price changes in national housing market. The results obtained from Zivot-Andrews test, which takes into account the structural breaks, shows that the changes in housing prices in the TR22, TR41 and TR42 regions converge to the changes in national housing prices with structural breaks
by Ali YILDIRIM & Ayten Ayşen KAYA - 200417 Financial Value of Analyst Recommendations: Talent or Risk Factor? Abstract: Financial analysts not only contribute to the informational efficiency of stock markets with their detailed reports, they also have the power to influence portfolio decisions of the larger financial investment industry through their recommendations. This study aims to explain the returns of portfolios formed based on analyst recommendations on Borsa Istanbul (BİST) stocks via known risk factors and to test the success of such recommendations in generating risk-adjusted alphas. In that regard, the returns of equal and value weighted portfolios based on analyst recommendations have been tested via CAPM, Fama-French and Carhart models. Furthermore, the financial value of analyst recommendations at times of economic turmoil is tested by taking recession periods into consideration. Although, positive recommendations from analysts seem to generate additional returns; when explained through well-known risk factors, the existence of an excess return with economic and statistical significance appears questionable. Our findings show that, analyst recommendations cannot be utilized to generate a meaningful alpha above and beyond the well-known risk factor premiums for BİST within respective period
by Arhan Sabri ERTAN & Cenk Cevat KARAHAN & Ahmet Musa KÖSELİ - 200418 The Dynamic Relationships between Environmental Protection Expenditures, Income Inequality and Economic Growth: Panel Causality Approach for Selected OECD Countries Abstract: In this study, relationships between environmental protection expenditures, income inequality, and economic growth were examined for selected OECD countries for the period 1995–2017 using Emirmahmutoğlu and Kose (2011), and Kónya (2006) panel causality tests. When the results obtained from the study are evaluated in general, it has been found that there is a causality relationship between environmental protection expenditures and economic growth from environmental protection expenditures to economic growth and there is a bidirectional causality relationship between environmental protection expenditures and income inequality
by Tunahan DEĞİRMENCİ & Mehmet AYDIN - 200420 An Analysis of the Optimal Design of Feed-in Tariff Policy for Photovoltaic Investments in TurkeyAbstract: Feed-in Tariff (FIT) is the long-term agreement between governments and firms investing in solar energy, where governments guarantee to purchase the energy produced by firms. This research aims to reveal the optimal FIT design for Photovoltaic (PV) investments in Turkey. Choice Experiment based questionnaire was conducted on solar energy firms to investigate the investment preferences and monetary worth of each FIT component for investors. We found that FIT design with longer contract duration creates positive value for PV investments, while low payment amount per kWh, tax policy for imported PV panels, and license fee decrease the attractiveness of PV investments
by Duygu KURAL & Shihomi ARA
2019, Issue 27(39)
- 190101 An Examination of Income Distribution and Poverty Statistics Related to Turkey and Chile in the Neoliberal Policy Framework
by Ercem ERKUL & Fatma DEMİR-ERKUL - 190102 Dynamic Analysis of Defaults and Prepayments in the Turkish Mortgage Market
by Yusuf VARLI & Gökhan ÖVENÇ - 190103 Does Flypaper Effect Exist? New Evidence from Turkish Municipalities
by Yasin ACAR - 190104 Validity of Unemployment Hysteresis: The Most Fragile Five Developing Countries
by Ömer AKKUŞ & Seher Gülşah TOPUZ - 190106 Convergence and Cointegration Analysis under Structural Breaks: Application of Turkey Tourism Markets
by Berhan ÇOBAN & Esin FİRUZAN - 190109 The Main Functions of the State in Islamic Economics: Human Centred Economic Principles
by Arif ERSOY & Merve Büşra ALTUNDERE-DOĞAN - 190110 Centralization of the Public Internal Audit System in England and Establishment of the Government Internal Audit Agency
by Halis KIRAL & İlhan HATİPOĞLU - 190111 Democratic Exit from the Crisis: The Developments in Iceland Politics between 2008-2017
by Yavuz YILDIRIM - 190112 Social Capital and Turkish-German Academic Linkages
by Yeşim KUŞTEPELİ & Sedef AKGÜNGÖR & Yaprak GÜLCAN - 190114 Estimating Fiscal Space: The Theoretical Framework of Ostry et al. Approach
by Fatih AKBAYIR & Ahmet Burçin YERELİ
2019, Issue 27(40)
- 190201 High Technology Exports: The Analysis for Leader Countries and Turkey
by Sevcan GÜNEŞ & Tuğba AKIN - 190210 Discussions on the Chance of Success and Efficiency of Fiscal Decentralisation
by Kıvılcım Özge KARA - 190211 Transformation of Globalization and the Role of China
by Orhan ŞİMŞEK - 190213 Anticompetitive Effects of the Banking Cartel in Turkish Loan MarketAbstract: The aim of this paper is to measure the effect of the banking cartel on the competition in the Turkish loan market. In doing this, we use Bresnahan-Lau model with alternative supply relation definitions. Our results suggest that Turkish banks operate in the perfectly competitive conditions during the non-cartel period. However, with the enforcement of the cartel actively between September 2007 and September 2011, the competition intensity in the market was damaged significantly. All alternative models witness the robust conclusion that the banking cartel affected the competition in the loan market adversely.Classification-JEL: G21, L13, L40, D43.Keywords: Cartel, Competition, Turkish Banking, Bresnahan-Lau Model
by Aydın ÇELEN - 190214 BREXIT and the J-Curve Hypothesis for the UK: A Nonlinear ARDL Approach
by Ayşen SİVRİKAYA & Serdar ONGAN
2019, Issue 27(41)
- 190301 Determinants of Health Behaviors and Obesity in Turkey
by Aysıt TANSEL & Deniz KARAOĞLAN - 190303 An Empirical Study on Alcohol Participation and Consumption Decision in Turkey
by Egemen İPEK - 190304 Efficiency Changes in Higher Education in OECD Countries: Implementation of Malmquist Total Factor Productivity Index for 2000 and 2012 PeriodAbstract: This study analyzes the total factor productivity changes in higher education in 21 OECD countries for the period of 2000 to 2012 with the Malmquist Total Factor Productivity Index. Study aims to determine the sources of total factor productivity changes by calculating the technical, pure technical, scale efficiency and technological change values. According to the analysis, the largest increase in total factor productivity change indices countries are Australia, USA and Norway, the largest decrease takes place in New Zealand, the Czech Republic and Turkey. The largest increase in total factor productivity is in 2004-2005 period
by Mehmet Cahit GÜRAN & Emine AYRANCI - 190306 The Influence of Institutional Quality and Financial Risk on Stock Market Index: An Empirical Study for TurkeyAbstract: This paper aims to analyze the -possible- effects of institutional quality and (financial) risk level on BIST 100, BIST Industrial and BIST Financial Indexes via Carrioni-Silvestre (2009) multiple structural breaks unit root test, Maki (2012) multiple structural breaks co-integration test and Dynamic Ordinary Least Squares (DOLS) methodology. In the research model of the study, institutional structure is proxied by an institutional quality index derived from data related to bureaucratic quality, corruption, democratic accountability, ethnic tension, external conflict, government stability, internal conflict, political risk, law and order, and investment profile obtained from International County Risk Guide (ICRG). High values in institutional quality index represent weak institutional structure while low values represent high institutional structure. The high financial risk ratio represents a strong financial structure. The empirical findings of Maki (2012) test indicate that all indexes except BIST Financial Index and explanatory variables show co-integration relationship in the long term. Long run parameters estimated by DOLS methodology indicate that there exists a long-term negative relationship between institutional quality index and BIST 100 and BIST Industrial Indexes, while a positive relationship between financial risk level and BIST 100 and BIST Industrial Indexes
by Yüksel İLTAŞ & Gülbahar ÜÇLER - 190308 An Investigation of the Palma Ratio for Turkey Both on National and Regional Level
by Emine TAHSİN - 190309 How Do Informal Social Networks Impact on Labor Earnings in Turkey?
by Bengi YANIK-İLHAN & Ayşe Aylin BAYAR & Nebile KORUCU-GÜMÜŞOĞLU - 190310 The Investigation of the Effect of Perceived Social Support on Loneliness in University StudentsAbstract: The present study was designed to determine the relationship between perceived social support and loneliness including the effect of demographic factors on a sample of university students. Participants in this study were students of the Hacettepe University (n = 402). Data were collected through a demographic information form, Multidimensional Scale of Perceived Social Support and UCLA Loneliness Scale. The results of the study show that loneliness scores are low for women than men. At the same time, loneliness scores of students for those who have a high level of participation in recreational activities and for those with higher levels of perceived social support were found to be low
by Ayfer AYDINER BOYLU & Gülay GÜNAY & Ali Fuat ERSOY - 190311 Analysis of Fertility in Turkey: The Importance of Future Fertility PreferencesAbstract: Fertility analyzes are generally not carried out considering future fertility preferences. However, future fertility preferences should be considered in terms of both family planning and the updating of fertility policies currently in practice. In this study, fertility analysis was conducted using data from 2008 and 2013 Turkey Demographic and Health Survey (DHS). Two models have been created that take into account the future fertility preferences of households and these models have been estimated with the Generalized Poisson Regression Model. It was found that the standard models that do not take into account the future fertility preferences of the households and the findings obtained from the model taking into consideration differ. In the model that takes into account the future fertility preferences of households, it is seen that the coefficient signs of age, marriage age, employment status and husband age variables change. For this reason, policy-makers should be cautious when making a policy towards fertility, because findings from standard analyzes can lead to false policy practices
by Selçuk GEMİCİOĞLU & Hasan ŞAHİN & Emrah ER - 190313 The Case of MRI Repetitions with Direct and Indirect Cost Implications: Evidence from Hacettepe University Hospitals
by Dilek BAŞAR & İlhan Can ÖZEN & Selcen ÖZTÜRK & Ekim GÜMELER & Deniz AKATA & Arbay Özden ÇİFTÇİ - 190314 The Political Aspect of Sovereign Wealth Funds
by İlker YAMAN & Ahmet Burçin YERELİ
2019, Issue 27(42)
- 190401 Determinants of Economic Growth in Turkey in the Presence of Structural Breaks
by Natalya KETENCİ & Ebru Tomris AYDOĞAN - 190402 Asymmetric Transition Effects of the Exchange Rate on Consumer Prices in Turkey
by Pınar GÖKTAŞ - 190403 Effects of Capital Flows on Carry Trade Activities: The Case of TurkeyAbstract: Carry trade is described as the capital flow coming into a country based on interest rate differential. A negative change in capital flow affects carry trade activities negatively, which in turn distorts particually the exchange rate and the financial stability of a country. In order to examine the effects of capital flows on carry trade in Turkey for different states of its economy (e.g. contraction or expansion) between January 2005 and April 2018, Markov Switching Vector Autoregressive Model (MSVAR) is employed. According to the findings, an increase in capital flows in the previous period enhances carry trade activity in the current period when expansion regime is in effect. However, for the contraction regime, no evidence is found toward a significant relationship between carry trade and capital flows. Moreover, it is seen that exchange rate uncertainty is considered as an important risk factor by investors in contraction periods when risk aversion levels of investors are high
by Aydanur GACENER-ATIŞ & Deniz ERER - 190405 The Relationship between Financial Development and Economic Growth for Developing Countries: Panel Causality Analysis
by Filiz ERATAŞ-SÖNMEZ & Yağmur SAĞLAM - 190406 Determination of the Efficiencies of Textile Firms Listed in Borsa İstanbul by Using DEA-Window Analysis
by Mehmet APAN & İhsan ALP & Ahmet ÖZTEL - 190407 Revival of Keynesian Economics or Greening Capitalism: “Green Keynesianism”
by Metehan CÖMERT - 190408 The Factors Affecting Capital Structure: A Panel Data Analysis in the Context of Behavioural Corporate Finance
by Bilgehan TEKİN - 190409 Demand Regime of Turkey: A Post-Keynesian Econometric Analysis
by Anıl BÖLÜKOĞLU - 190410 An Overview on Window Model in Participation Insurance (Takaful) System
by Yasin LAÇİNBALA & Hilmi ÜNSAL - 190411 The Main Rules Subjecting the “Proportionality” in Turkish Jurisprudence (An Historical Overview from the Ottoman Time to Present)
by Onur UÇAR & Ahmet Burçin YERELİ - 190412 The Impact of Steel Price on Ship Demolition Prices: Evidence from Heterogeneous Panel of Developing Countries
by Mehtap TUNÇ & Abdullah AÇI - 190413 The Economic Effects of Manufacturing Industrial Sector: An Input-Output Analysis
by Hale AKBULUT - 190414 Free Trade Agreements Signed By Turkey: Two-Sided-Sectoral Analysis and Assessment of Foreign Trade Policy
by Erdem ATEŞ & Ayşe Dilek SEYMEN - 190415 Energy Poverty in Turkey
by Işıl Şirin SELÇUK & Ali Gökhan GÖLÇEK & Altuğ Murat KÖKTAŞ
2019
- 190105 Analysis of the Relationship between Trade Openness and Economic Growth: The Case of Turkey
by Mehmet Vahit EREN & Ayşe ERGİN-ÜNAL - 190107 Determinants of Bank Profitability after Transition to the Strong Economy Program in Turkey
by Cemil ÇİFTÇİ & Dilek DURUSU-ÇİFTÇİ - 190108 The Relationship between Unemployment and Growth: Evidence from Turkish Manufacturing Industry
by Özge BARIŞ-TÜZEMEN & Samet TÜZEMEN - 190113 Behavioral Approach to Tax Compliance Process: Taxpayer Behaviors and Typologies
by Serdar ÇİÇEK & Hüseyin Güçlü ÇİÇEK & Elif Ayşe ŞAHİN-İPEK - 190202 ABD İşgücü Piyasasında Histeresi Etkisi Üzerine Ampirik Bir Çalışma: Yeni Keynesyen Ücret Phillips Eğrisi (1990-2014)
by Leyla BAŞTAV - 190203 International Trade and Terror Relationship in TurkeyAbstract:In this study, the effect of terrorism on international trade is examined in the case of Turkey. Between 1980 and 2015, along with many important political and scientific developments towards the development of international trade, international trading has begun to reach certain limitations with the terrorist channel. International trade has reached the highest levels in history with globalization phenomenon. International trade has remarkably expanded with the help of widespread internet use information technologies especially in the trade of services. Along with these positive developments, international terrorism has a negative impact on world trade. There is strong evidence that the increase in terrorist incidents led to a decline on international trade. This study focuses on whether terrorism affects Turkey's foreign trade. In doing so, between 1970 and 2016, the sensitivity of foreign trade to terrorism was measured by the concept of elasticity
by Şennur SEZGİN - 190204 Characteristic of Time-based Underemployment in Turkey: Findings from the Household Labour Force SurveysAbstract:Time-based underemployment is a labour market mismatch that occurs in a circumstance that workers are employed for fewer hours than they desire, aside from their preferences. Even if it is not as unemployment as, this type of employment has an effect of reducing the income level and life satisfaction and increasing the dependency for welfare receipt on workers. This paper explores the association between the time-based underemployment and demographic and work-status predictors on the basis of the logistic regression modelling analyse techniques, by employing the 2016 Household Labour Force Survey microdata taken from Turkish Statistical Institute. The research results originally found that being male and 25-34 age band, holding educational attainment in university and over, working in part-time jobs, informal jobs, the construction sectors and elementary occupations, and living in the Mediterranean Region increased the likelihood of time-based underemployment
by Ayhan GÖRMÜŞ - 190205 The Factors Affecting Capital Structure of Firms: The Application of Iron and Steel Industry
by Yakup SÖYLEMEZ - 190206 Minskian Financial Instability Hypothesis and Its Post Keynesian Roots: A Theoretical Approach
by Ömer Tuğsal DORUK & Yusuf Can ŞAHİNTÜRK - 190207 External Debt and Economic Growth in Turkey: An Empirical Analysis
by Tuncer GÖVDELİ - 190208 The Relationship Between Saving, Profit Rates and Business CyclesAbstract:There are different approaches of economics schools on the sources, causes and determinants of business cycles. These approaches have been shaped in the Classical and Keynesian currents. The Global Financial Crisis that lived in 2008 laid the groundwork for the revival of the literature on business cycles. By using the panel data methods for the period between 1990 and 2013 in OECD economies, this study has investigated the effects of private sector profit and savings rates playing an important role in creating the cyclical fluctuations. The findings show that profit and the lagged saving rates have positive effect on the cyclical fluctuations. In other words, an increase in profit and savings rates causes the upward deviations from the trend level. On the other hand, the increases in the variables used in the analysis, like commercial and financial openness, total factor productivity, high-tech exports, domestic credit volume, M2 money supply, real exchange rate and government spendings, give rise to upward deviations tendency to boom) from the trend level while interest, inflation and unemployment rates have a reverse situation (tendency to recession).Classification-JEL:D20, E32, C23
by Efe Can KILINÇ & Cafer Necat BERBEROĞLU - 190209 Relationship between CO2 Emission and Economic Growth in Turkic Countries: A Panel Causality Analysis
by Tuğay GÜNEL - 190212 The Relationship between Real Output (Real GDP) and Unemployment Rate: An Analysis of Okun’s Law for Eurozone
by Utku ALTUNÖZ - 190302 The Effect of Social Networks on Financial Literacy
by Müge ÇETİNER & Ahmet Mete ÇİLİNGİRTÜRK - 190305 Are Public-Private Components of Health Care Expenditures Converging Among OECD Countries? Evidence from a Nonlinear Panel Unit Root TestAbstract: Many countries devote an increasing proportion of their economic resources to produce and provide health care services. Looking at the written economic literature, it can be seen that although there is work on convergence in health expenditures, these studies are generally based on linearity assumption. In this study, the validity of the convergence hypothesis on the public, private and total per capita health expenditures are analyzed by non-linear panel unit root tests in a sample of 18 OECD countries, covering Turkey, over the period 1979-2016. The findings of the analysis show that the convergence hypothesis is valid only for private per capita health expenditure
by Gülsüm AKARSU & Reyhan CAFRI & Hanife BIDIRDI - 190307 The Impact of Neoliberal Policies on Women’s Employment in TurkeyAbstract: With the global expansion of neoliberalism since the 1970s. Many developing countries has adopted export-led growth model like Turkey. Changes in production processes and reduction of the state’s pro-labor audit with neoliberal policies have had a direct impact on labor markets by transforming the forms and areas of employment into a more flexible an informal character. However, women’s labor has been adversely affected by patriarchy which includes gender ideology and practices. While in most places -adopted this growth model- women labor has taken place the main locomotive of production, a similar increase has not experienced in Turkey that adopted same growth model in recent time and had similar patriarchal condition with these countries. Therefore, in the study, it is aimed to understand the effect of neoliberal policies on women’s employment in Turkey. At this point, data from the TURKSTAT household surveys and field studies were used for employment data. In conclusion, it is seen that the rate of women’s employment has not increased while employment quality has deteriorated in a manner consistent with global trends due to Turkey’s specific economic conditions, the impact of private and public patriarchy
by Şeyda GÜDEK-GÖLÇEK - 190312 Time-Varying and Asymmetric Relationship between Energy Use and Macroeconomic Activity
by Ayşen SİVRİKAYA & Mübariz HASANOV - 190404 Decisiveness of Ownership on the Efficiency in Non-Life Insurance Companies
by Müzeyyen Esra ATUKALP
2018, Issue 26(35)
- 180101 Mükellef Perspektifinden Vergi Tarifeleri: Türkiye Örneği
by İhsan Cemil DEMİR - 180102 Investigating the Presence of Fisher Effect for the China Economy
by Utku ALTUNÖZ - 180103 Sivil Toplum Kuruluşlarının Süryani Kültürü Kapsamında Bölgesel Ticarete Olan Etkileri: Ampirik Bir Çalışma
by Nesrin DEMİR & Nezih Metin ÖZMUTAF - 180104 Türkiye’de Katastrofik Sağlık Harcamaları ve Bu Harcamaları Belirleyen Faktörler: 2002-2014 Dönemi
by Yağmur TOKATLIOĞLU & İbrahim TOKATLIOĞLU - 180105 Küresel Stagnasyon ve İktisadi Stagnasyon Teorilerinin Karşılaştırmalı Analizi
by Alpaslan AKÇORAOĞLU - 180106 Türkiye’de Yükseköğrenim Finansmanının Özelleştirilmesi
by Semen SON-TURAN - 180107 2008 Küresel Krizinin Bireysel Emeklilik Fonları Oynaklığı Üzerindeki Etkisi: Türkiye Örneği
by Orkun ÇELİK & Deniz ERER & Elif ERER - 180108 Türkiye’de İşgücüne Katılımda Bölgesel Farklılıklar
by Selcen ÖZTÜRK - 180109 Mükelleflerin Vergiye Direnme Yöntemleri ve Türkiye’de Günah Vergilerindeki Artışların Değerlendirilmesi
by Işıl Fulya ORKUNOĞLU-ŞAHİN & Ahmet Burçin YERELİ - 180110 Gıda Güvencesizliğinin Bazı Belirleyicileri (Kantil Regresyon Yöntemi ve Sabit Etki Panel Yönteminin Karşılaştırılması)
by Atilla Ahmet UĞUR & Demet ÖZOCAKLI - 180111 Türkiye’de Bölgesel Yakınsamanın 50 Yılı: Yeni Veri Seti ve 1960-2010 Dönemi Analizi
by Orhan KARACA - 180112 Türkiye’de Akaryakıt Üzerinden Alınan Vergilerin OECD ve AB Ülkeleri ile Karşılaştırılması
by Hasan Bülent KANTARCI
2018, Issue 26(37)
- 180301 Commons ve Mitchell’in “İktisat” ve “Birey” Anlayışları
by Hüsnü BİLİR - 180302 Sağlık Yönetimi Kapsamında Sağlık Harcamalarının Ekonomik Büyüme Üzerine Etkisi: MENA Ülkeleri Üzerine Bir Panel Regresyon Analizi
by Deniz GÜVEN & Türker ŞİMŞEK & Ahmet GÜVEN - 180303 İstanbul’da Yaratıcı İşgücünün Eğitimi ve Endüstri Pratikleri Üzerine Bir Değerlendirme
by Ebru KERİMOĞLU & Büşra GÜVEN-GÜNEY - 180305 Scale and Elasticity Properties of Turkish Agricultural Production Function: Political Economy Approach
by Deniz GÜVERCİN - 180306 Analyzing Internal Migration to Antalya and Muğla through Gravity ModellingAbstract: Antalya and Muğla provinces located in southwestern Turkey recently emerged as new magnets for internal migration. In an earlier study, we had pointed out that the dynamics underlying migration to these two provinces differs in many respects from that fueling the population movements to traditional magnets. In this paper, we complement our previous findings by showing how in some other key respects, migration to Antalya and Muğla is similar to migration to traditional destinations. We accomplish this by estimating separate gravity models for the two provinces in question, using both OLS and robust regression methods. We find that migration to Antalya and Muğla is affected by distance from the origin adversely, and by unemployment differential between the origin and destination, past migration from the origin, population sizes at the origin and destination, and natural disasters at the origin, favorably
by Ali Tarık AKARCA & Aysıt TANSEL - 180307 Türkiye Sanayi Sektörü Enerji Verimliliği: Genişletilmiş Logaritmik Ortalama Divisia Endeks Ayrıştırma Yöntemi Uygulaması
by Işıl Şirin SELÇUK - 180308 Investment Incentives in the European Union and Selected World CountriesAbstract: In this study, investment incentive policies and investment promotion tools employed in the European Union and other selected world countries such as the USA, China, Japan, Russia and South Korea were examined. Firstly, place of the incentive policy recognized throughout the European Union within the Union’s legislation is given. In addition, investment promotion tools of each EU member state have been tabulated in a collective manner. After explaining investment incentives employed in the European Union each country stated above were discussed upon one by one. Investment promotion policies and tools applied in these countries were given to underline importance given by those countries to investment
by Ersan ÖZ & Selçuk BUYRUKOĞLU - 180310 The Effects of Market Structure on Uncertainty-Investment Relationship: Evidence from Turkish Manufacturing Industry
by Aytekin GÜVEN & Arzu AKKOYUNLU-WIGLEY - 180312 Firma Bileşenlerinin Halka Açık Perakende Firmalarında Kurumlar Vergisine Etkisi
by Tuba DERYA-BASKAN & Eda BALIKÇIOĞLU - 180313 Education Mismatches in the Labor Markets and Their Impact on Wages across Sectors: Evidence from Turkey
by Anıl DUMAN - 180314 Bölgesel Kalkınmanın İktisadi Politiği: Siyasal Çoğulculuk ve Yatırım İlişkisiAbstract: Public and private fixed capital investments are vital dynamics of the regional economic growth. Therefore, the potential determinants of regional allocations of public and private investments must be investigated to establish persistent and balanced regional development. One of them is political pluralism. This study includes analysis of the relationship between political pluralism and regional allocation of public and private investments and also regional economic growth. For this purpose, Fixed Effects Panel Model on which analyzed 26 NUTS-II Regions over 2008-2011 period was established by using Herfindahl-Hirschman Index which created by vote ratios of political parties in 2007 and 2011 Parliamentary Elections. The findings of the model show that political polarization has positive effects on public and private investments and it is important determinant of regional development. Also, literacy and manufacturing rates effects regional growth positively through positive externalities on investments
by Necmettin ÇELİK & Mehmet KARAÇUKA - 180315 Do Depreciations Really Trigger an Inflow of Foreign Direct Investment? The Case of Turkey
by Zeynep ERÜNLÜ
2018, Issue 26(38)
- 180401 The Effect of Cash Conversion Cycle on the Companies’ Capital Structure:An Investigation on BİST Listing Cement Sector Companies
by Tuba DERYA-BASKAN & İlkut Elif KANDİL-GÖKER - 180402 Efficiency of Investments in Regional Airports in Poland
by Aleksandra GÓRECKA & Joanna BARAN - 180403 Regulation and Independent Regulatory Authority for Electricity Energy Market: The Case of Turkey
by Özgür Emre KOÇ & Mustafa Alpin GÜLŞEN - 180404 The Analysis of Tax Burden and Income Distribution in Turkey during the Republican Era
by Hakan AY & Mehmet Latif HAYDANLI - 180406 Determinants of Bank Stability: A Financial Statement Analysis of Turkish Banks
by Gamze Öztürk DANIŞMAN - 180407 Testing the Engel Law for Turkey and Income Elasticity of Food Demand: Relationship of Budget Share of Food Expenditure with Household Profile and Total Expenditure (2003-2013)Abstract:This study set out to test the Engel-Law for the food expenditures in Turkey for 2003-2013 period and to estimate the income elasticity of food demand controlling the demographic characteristics of the households. Household Budget Survey data is used for the quantile regression estimation of the Working-Leser model. The results show that the income elasticity of food demand is between 0.62-0.79 for the period. The elasticity is smaller for the conditional quantiles of higher budget share of food. The findings include the relationships of the budget share of food with the age, education, and social security coverage of the household heads as well as with the household’s urban/rural location. The probable effects of the 2008 economic crisis also appears in the findings
by Gökhan AYKAÇ - 180408 Investigation of Attitudes and Behaviours of University Students on the Use of Plastic Bags by Structural Equation Modelling
by Hüseyin GÜRBÜZ & Veysel YILMAZ - 180410 Fatality Fire of the Unemployment Hills: Fatality Tendency and Job Search Tools
by Kamil ORHAN - 180411 The Impact of the New Silk Road Project on the Global System as an Economic and Political Instrument
by Osman TEKİR & Nesrin DEMİR - 180412 The Emerging Trend of ‘Expat-preneurs’: A Headache for the Pre-existing Ethnic Entrepreneur TheoriesAbstract:With regards to entrepreneurship and migration, the overwhelming majority of studies have focused on entrepreneurs within the context of ‘South to North’ migration. This demographic is usually referred to in the literature as “ethnic entrepreneurs” (Waldinger et al., 1990) or “immigrant entrepreneurs” (Volery, 2007). More recently, a new trend is emerging: A small (but potentially significant) number of entrepreneurial migrants are emigrating away from developed economies. Differentiated from the former in terms of becoming entrepreneurs out of volition, and not necessity (Vance et al., 2016), these migrants have been labelled as “Self Initiated Expatriate entrepreneurs” (Andresen, 2014) or “expat-preneurs” (Solimine, 2015). The emerging trend of expat-preneurs poses several questions (and problems) for the existing theories surrounding ethnic entrepreneurs: Where do expat-preneurs fit into the theoretical landscape? Can the theories - created to account for ethnic entrepreneurs - also explain the behavior of expat-preneurs? This paper reviewed eight of the most prominent theories and found that all eight were created in the context of ‘South to North’ migration, with many of them assuming that immigrant entrepreneurs are disadvantaged. As a result, most of the theories are not - in their current state - broad enough to also account for expat-preneurs. Subsequently, most of the existing ethnic entrepreneur theories now need to be broadened to ‘make room’ for the phenomenon of expat-preneurs. This paper contributes to the gap in the literature surrounding expatpreneurs, which has been described as an an under-researched phenomenon (Andresen et al., 2014)
by Richard Andrew GIRLING & Emilia BAMWENDA - 180413 The Role of Women Discrimination and Gender Inequality in Development: The Cross-Section Analysis by Different Income Groups
by Mehtap TUNÇ - 180414 Fiscal Space and Estimating Methods
by Fatih AKBAYIR & Ahmet Burçin YERELİ
2018, Issue 26(36)
- 180201 The Impacts of Public Expenditure, Government Stability and Corruption on Per Capita Growth: An Empirical Investigation on Developing Countries
by Selçuk Çağrı ESENER & Evren İPEK