{"title":"Türkiye’de İBBS 2 Bölgeleri Arasında Gelir Yakınsaması Var mıdır? Mekânsal Ekonometrik Bir Katkı","authors":"Fırat Gündem","doi":"10.17233/sosyoekonomi.287511","DOIUrl":"https://doi.org/10.17233/sosyoekonomi.287511","url":null,"abstract":"In this research, the existence of income convergence between NUTS 2 (Nomenclature of Territorial Units for Statistics 2 nd level) territories was analyzed for 1987-2001 and 2004-2011 terms. For convergence analyses, spatial econometrics methods (SAR, SEM) were used, as well as classical methods. According to classical convergence analyses, territorial income convergence was occurred in high speed between NUTS 2 territories of Turkey during 1987-2001 and 2004-2011 terms; on the other hand, according to spatial statistical methods convergence was occurred either quite slow or not occurred. In addition to the conclusions of the study, it was found that there wasn’t a positive effect of territorial public investments on territorial income convergence.","PeriodicalId":113431,"journal":{"name":"Sosyoekonomi Journal","volume":"145 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132729522","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Ulusal Varlık Fonlarını Anlamak: Fırsat Mı, Tehdit Mi?","authors":"Ahmet Burçin Yereli̇, İlker Yaman","doi":"10.17233/sosyoekonomi.336430","DOIUrl":"https://doi.org/10.17233/sosyoekonomi.336430","url":null,"abstract":"Sovereign Wealth Funds, which have become one of the most popular financial instrument of recent years and were accepted as both institutional innovation and financial power in international financial markets, have reached a level that can shape the structure of national economies with total assets of 7.445 trillion dollars. The fact that sovereign wealth funds have reached a considerable volume today makes it possible for both the host country and the home country to influence the economic conditions at the macroeconomic and microeconomic dimension.The fact that sovereign wealth funds, which have a size that can affect national economies, are in the state property, which is the most striking and controversial feature, places such funds in the target of criticism. However, there are also opinions that sovereign wealth funds act only for economic purposes. This study investigates the driving forces behind the development of sovereign wealth funds, which are examined as international institutional investors, as well as the funding sources and the purposes of such funds. In addition, this study discusses whether sovereign wealth funds are a useful tool for economies, and the ideas that are directed at and favored against these funds.","PeriodicalId":113431,"journal":{"name":"Sosyoekonomi Journal","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127635297","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Borsa İstanbul Sürdürülebilirlik Endeksinin Performans Karakteristiği","authors":"Ibrahim Yasar Gok, O. Ozdemir","doi":"10.17233/SOSYOEKONOMI.290838","DOIUrl":"https://doi.org/10.17233/SOSYOEKONOMI.290838","url":null,"abstract":"In this study, the performance of Borsa Istanbul Sustainability Index is compared with the benchmark index (BIST100 index) and the period between November 4, 2014 and December 30, 2016 is investigated. In the perspective of risk-adjusted return analysis, the Sharpe ratio for Sustainability Index is higher than BIST100 index. Also, Jensen alpha is positive although near zero and statistically not significant. Hence, the performance of Sustainability Index is not systematically different from BIST100 index. Beta value is above 1 and statistically significant, which means that the risk of Sustainability Index is significantly higher than BIST100 index. According to the results for the joint hypothesis in the context of risk and return, the financial output of Sustainability Index is significantly different from BIST100 index. EGARCH (1,1) estimation results for the conditional volatility modelling of indices demonstrate that for both indices the volatility persistence is high and negative shocks have greater influence on the volatility than positive shocks. These results indicate that leaving aside the investors’s personal values, there is no financial incentives for investors in terms of financial output of Sustainability Index. However, the response of the investors can differentiate in time considering that the Sustainability Index is created recently, the socially responsible investment approach is relatively new and the awareness regarding the subject can be increased.","PeriodicalId":113431,"journal":{"name":"Sosyoekonomi Journal","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130530911","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Mali Konsolidasyon Büyüme ve İstihdam için Bir Çıpa mı, Mali Tuzak mı? Teorik ve Ampirik Literatür Temelli Bir Analiz","authors":"Hüseyin Şen, Ayşen Kaya","doi":"10.17233/sosyoekonomi.334410","DOIUrl":"https://doi.org/10.17233/sosyoekonomi.334410","url":null,"abstract":"This study undertakes a topic, which stands at an important issue of many countries’ economic agenda from the viewpoint of growth and employment; in the light of existing theoretical as well as empirical studies in this regard, the study aims to review with regard to the effect of fiscal consolidation on growth and employment. The study reveals that there is no consensus in the existing theoretical and empirical literature as to whether fiscal consolidation is an anchor or a fiscal trap for growth and employment but a fiscal consolidation programme that is put into practice in a sluggish growth environment increases the risk of the fiscal trap.","PeriodicalId":113431,"journal":{"name":"Sosyoekonomi Journal","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128499300","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Türk Bankacılık Sisteminde Düzenleme ve Denetlemenin Etkinliğini Ölçmeye Yönelik Bir Analiz","authors":"Aysel Gündoğdu","doi":"10.17233/SOSYOEKONOMI.274317","DOIUrl":"https://doi.org/10.17233/SOSYOEKONOMI.274317","url":null,"abstract":"The aim of this study is to measure efficiency of Turkish banking regulation and supervision via banking act, decree law and additional papers after 1980 term. The hypothesis of this study states that there is an increase of Turkish banking regulation and supervision efficiency. According to the findings of the study; there is an increase of Turkish banking legal efficiency in the regulation and supervision after the events of 1980.","PeriodicalId":113431,"journal":{"name":"Sosyoekonomi Journal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124234956","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Türkiye’de Üretici Fiyat Endeksi ve Tüketici Fiyat Endeksi Arasındaki İlişkinin İncelenmesi: ARDL Sınır Testi Yaklaşımı","authors":"Harun Terzi, A. Tütüncü","doi":"10.17233/sosyoekonomi.289926","DOIUrl":"https://doi.org/10.17233/sosyoekonomi.289926","url":null,"abstract":"Uretici fiyat endeksi ile tuketici fiyat endeksi, enflasyon oranin belirlenmesi ve cesitli ekonomik gostergelerin hesaplanmasinda birbirleri yerine kullanilmaktadir. Ancak degiskenler arasinda uzun donemli bir iliski olmasi halinde bu islemler etkili sonuclar vermektedir. Aksi halde ele alinan fiyat endeksine gore sonuclar degismektedir. Bu nedenle, bu calismada, uretici ve tuketici fiyat endeksi arasindaki uzun ve kisa donemli iliskiler incelenmistir. Turkiye’de 2010:m5-2016:m4 donemi ARDL sinir testi ile gerceklestirilen analiz sonucunda, uretici fiyat endeksi (UFE) ve tuketici fiyat endeksi (TUFE) arasinda hem kisa hem de uzun donemde cift yonlu ve istatistiksel olarak anlamli bir nedensellik iliskisinin oldugu tespit edilmistir.","PeriodicalId":113431,"journal":{"name":"Sosyoekonomi Journal","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116161810","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Osmanlı Devleti’nde Mali Bunalım ve Reform","authors":"Mustafa Sakal, Ali Gökhan Gölçek","doi":"10.17233/SOSYOEKONOMI.309833","DOIUrl":"https://doi.org/10.17233/SOSYOEKONOMI.309833","url":null,"abstract":"The Ottoman State faced with many financial and administrative crises, especially after the 16th century. As well as the relevant crisis periods are called as depressed ones, they also have an important place in terms of fading of the state after the rising period of that. In this context, as the comprehension between arm and finance began to weaken, the crises began to become chronic and caused the state to regress and enter into a period of disintegration. Although appearance of the crises may seem because of the administrative reasons, it would generally be more appropriate to attribute them to the developments in the west. The Ottoman State stayed behind the European states due to the reasons such as especially renaissance and reform movements, industrial revolution, development of capitalist production system etc, and couldn’t keep pace with new order. However, the factors such as the inability to win wars, corruption of land management applied, inadequate production in domestic market, and some financial disruptions have also been identified as factors that trigger the crisis in the Ottoman State. In this study, the causes of the financial crisis in the Ottoman Empire will be examined, and how the changes performed to overcome the financial crisis resulted will be discussed.Besides, the topic of that to what extent a set of essential innovation movements organized by management straightened the financial structure establishes the original aspect of the study.","PeriodicalId":113431,"journal":{"name":"Sosyoekonomi Journal","volume":"105 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126951335","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Regional Integrations in Globalization Process: Lessons for Turkic Speaking Countries","authors":"H. Şimşek, Nevzat Şimşek","doi":"10.17233/sosyoekonomi.345493","DOIUrl":"https://doi.org/10.17233/sosyoekonomi.345493","url":null,"abstract":"Uluslararasi ticareti serbestlestirme cabalarindan biri olan bolgesel ekonomik entegrasyonlar, butunlesmeye giden ekonomilerde mal ve hizmet akimlarina serbesti saglayip, ticarete engel olan kisitlamalari kaldirarak serbest ticareti genisletmeye imkân saglamaktadir. Gunumuz dunyasinda cok sayida entegrasyon cesidi yer almaktadir. Bu entegrasyonlar ekonomik gerceklerin ve beklentilerin yani sira politik gerceklerle ve beklentilerle olusturulmaktadir. Kuresel dunyanin bu gercekleri veri iken, ortak bir tarihi ve kulturu paylasan Turk dili konusan ulkelerin olasi entegrasyonu bu noktada ilgi cekici hale gelmektedir. Bu ulkelerin kulturel ve cografi yonden yakinligi, olasi entegrasyonun en onemli gerekcelerinden biridir. Ortak ekonomik ve sosyal faydalar da bu entegrasyon cabalarinin onemini artirmaktadir.","PeriodicalId":113431,"journal":{"name":"Sosyoekonomi Journal","volume":"67 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121872981","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Energy Consumption and Economic Growth Nexus in Selected Transition Economies: Quantile Panel-Type Analysis Approach","authors":"Mahmut Zortuk, Semih Karacan, Noyan Aydin","doi":"10.17233/SOSYOEKONOMI.289125","DOIUrl":"https://doi.org/10.17233/SOSYOEKONOMI.289125","url":null,"abstract":"This study investigates the relationship between energy consumption and economic growth, using data from 13 Central and East European countries for the period 1996-2011. For this purpose, long-term elasticities are estimated by using Quantile Regression Analysis (QRA) approach. Empirical findings suggest that long term relationship shifts from relative-coupling to absolute-decoupling with increasing GDP levels (reported elasticities for respective quantiles are 0.455, 0.471, 0.360, 0.107, 0.091) Consequently, this paper suggests that transition economies should pay attention to energy consumption in order to ensure a sustainable economic growth.","PeriodicalId":113431,"journal":{"name":"Sosyoekonomi Journal","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121191189","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Effect of Trade Openness and Terms of Trade on External Debt: An Econometric Analysis for Turkey","authors":"Mehmet Bölükbaş, Osman Peker","doi":"10.17233/SOSYOEKONOMI.319465","DOIUrl":"https://doi.org/10.17233/SOSYOEKONOMI.319465","url":null,"abstract":"In this study the effects of trade openness and terms of trade in Turkey’s external debt are examined by vector autoregressive (VAR) analysis for the period 1998:Q1-2012:Q1. According to the results of variance decomposition, the source of prediction error variance of all variables is mainly from their own shocks. The share of trade openness and terms of trade in the distribution of variance of external debt realized about 9.56% and 9.34% respectively in the thirtieth period. External debt has been influenced by the almost same rate both trade openness and terms of trade which occurs with the effect of this process. The reactions of other variables to a standard-incorrect generalized contractionary effect which occurred in error terms of external debt are analyzed by action reaction function and examined that other variables react contrariwise.","PeriodicalId":113431,"journal":{"name":"Sosyoekonomi Journal","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114702872","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}