{"title":"Productivity and Resource Misallocation: Empirical Findings from Firms in the Middle East and North Africa (MENA) Region and Turkey","authors":"Eleftherios Giovanis, Öznur Özdamar Giovanis","doi":"10.26650/jepr1021400","DOIUrl":"https://doi.org/10.26650/jepr1021400","url":null,"abstract":"","PeriodicalId":153073,"journal":{"name":"Journal of Economic Policy Researches / İktisat Politikası Araştırmaları Dergisi","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114952428","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":"İktisadi Küreselleşmenin ve Finansal Kalkınmanın Türkiye’deki Karbondioksit Emisyonuna Etkisi: Çok Boyutlu İndeksler Yeni Bulgular Sunuyor Mu?","authors":"Alper Karasoy","doi":"10.26650/JEPR861293","DOIUrl":"https://doi.org/10.26650/JEPR861293","url":null,"abstract":"Bu arastirmada, iktisadi kuresellesmenin ve finansal kalkinmanin Turkiye’deki cevresel etkileri cok boyutlu indeksler uzerinden incelenmistir. Uc modelin tahmin edildigi bu arastirmada, 1980-2016 donemi temel alinmis ve yontem olarak genisletilmis dagitilmis gecikmeli otoregresif (genisletilmis ARDL) sinir testi yaklasimi kullanilmistir. Arastirmanin bulgularina gore, uzun donemde, iktisadi ve finansal kuresellesmenin Turkiye’deki karbondioksit emisyonunu etkilemedigi fakat ticari kuresellesmenin karbondioksit emisyonunu azalttigi bulunmustur. Ilaveten, kisa donemde, iktisadi kuresellesme (ticari ve finansal kuresellesme boyutlari da dahil olmak uzere) karbondioksit emisyonunu etkilememektedir. Ayrica finansal kalkinmanin (uzun donemde veya kisa donemde) karbondioksit emisyonunu arttirdigi da tespit edilmistir. Bu sonuclar, arastirmada kullanilmis kontrol degiskenlerine (gelir, gelirin karesi, enerji tuketimi, sanayilesme ve kentlesme) ait bulgularla birlikte degerlendirilerek cesitli politika onerileri ileri surulmustur.","PeriodicalId":153073,"journal":{"name":"Journal of Economic Policy Researches / İktisat Politikası Araştırmaları Dergisi","volume":"11240 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115200572","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":"Beşerî Sermaye ve Tasarruf İlişkisi","authors":"Alihan Serdengeçti","doi":"10.26650/JEPR.930623","DOIUrl":"https://doi.org/10.26650/JEPR.930623","url":null,"abstract":"Iktisadi deger uretme asamasinda ihtiyac duyulan bilgi ve beceri birikimi olarak ifade edilebilecek beseri sermaye, bir ulkenin temel uretim faktorlerindendir. Tasarruf ise genellikle tuketim davranislarina dayanarak aciklanan bir iktisadi gostergedir. Cesitli gelir hipotezleri tasarrufa dair farkli yaklasimlar gelistirmistir. Buradan hareketle beseri sermayenin bireyin gelirleri uzerinde etkili oldugu kabulu ile beseri sermaye ve tasarruf arasinda bir iliski olabilecegi dusunulur. Beseri sermayenin tasarruf oranlari uzerinde anlamli bir etkiye sahip oldugunu ortaya koyabilmek icin bu degiskenlerin analiz edilmesi gerekir. Bu calismada gelismekte olan OECD ulkelerinden Guney Afrika, Cin, Macaristan, Şili, Kosta Rika, Meksika, Polonya ve Rusya’nin yillik tasarruf oranlari ve beseri sermaye verileri panel veri analizi yontemi ile incelenmistir. Bahsedilen ulkelerde 1996-2015 yillari arasinda, bagimsiz degisken beseri sermayenin, bagimli degisken olan tasarruf oranlarina etkisi incelenmistir. Beseri sermaye ile tasarruf arasindaki iliskiyi bu zaman araliginda bu ulkeler acisindan inceleyen baska bir calisma yoktur. Analiz sonucunda bagimsiz degiskenin bagimli degiskeni %13 oraninda acikladigi ve beseri sermayede gerceklesen %1’lik artisin tasarruflari %8,36 oraninda artirdigi tespit edilmistir. Gelismekte olan ulkelerin gelismis ulkelere yaklasabilmesi icin beseri sermayeyi onemle ele almasi gerekmektedir. Beseri sermayeyi artirmak icin ise egitim politikalari ciddi manada gozden gecirilmelidir. Beseri sermayenin artisi ekonomik gelisimi de beraberinde getirmektedir. Boylece gelir dagiliminda da olumlu sonuclar elde edilebilecektir.","PeriodicalId":153073,"journal":{"name":"Journal of Economic Policy Researches / İktisat Politikası Araştırmaları Dergisi","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123332657","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":"Enerji Tüketiminin Cari Açık Üzerindeki Etkisinin Panel Veri Yöntemleri ile Analizi: Karadeniz Ekonomik İşbirliği Örgütü’ne Dair Kanıtlar","authors":"Alican Umut","doi":"10.26650/JEPR.945175","DOIUrl":"https://doi.org/10.26650/JEPR.945175","url":null,"abstract":"Bu calismada Karadeniz Ekonomik Isbirligi Orgutu ulkeleri icin cari acik ile enerji tuketimi arasindaki iliski incelenmektedir. Bu baglamda bagimsiz degisken olarak toplam enerji tuketimi verileri kullanilmistir. Karadeniz Ekonomik Isbirligi Orgutu ulkeleri icin toplam enerji tuketimi verilerine 2014 yilina kadar erisilebilmesi nedeniyle orneklem donemi olarak 1992- 2014 donemi belirlenmistir. Ekonometrik analizde ilk olarak panele iliskin homojenlik, yatay kesit bagimlilik ve duraganlik durumlari incelenmistir. Varsayim testleri dogrultusunda seriler arasindaki esbutunlesme iliskisinin belirlenebilmesi icin yatay kesit bagimliligini dikkate alan Westerlund (2007) panel esbutunlesme testinden yararlanilmistir. Analiz sonuclari cari acik ve toplam enerji tuketiminin esbutunlesik oldugunu gostermektedir. Bu sonuc, Karadeniz Ekonomik Isbirligi Orgutu ulkelerinde cari acik ile enerji tuketiminin uzun donemde birlikte hareket etme egiliminde oldugunu gostermektedir. Daha sonra enerji tuketiminin cari acik uzerindeki etkisinin yonu ve boyutunun incelenebilmesi icin Pedroni (2001) tarafindan onerilen ortalama grup dinamik en kucuk kareler tahmincisi kullanilarak uzun donem katsayi tahmini gerceklestirilmistir. Katsayi tahmin sonuclari incelendiginde Karadeniz Ekonomik Isbirligi Orgutu ulkelerinde enerji tuketiminin cari acigi negatif yonde etkiledigi yani enerji tuketimindeki artisin cari acigi arttirici etki yapacagi sonucuna ulasilmistir. Bu sonuclar Karadeniz Ekonomik Isbirligi Orgutu ulkelerinde olusturulmasi gereken enerji politikalarinda oldukca onem arz etmektedir. Bu baglamda Karadeniz Ekonomik Isbirligi Orgutu ulkelerinde cari acigi azaltmak icin enerji tuketiminin kontrol altina alinmasi ve/veya yenilenebilir enerji kaynaklari gibi enerjide disa bagimlilik oraninin azaltilmasini saglayacak politik hamleler yapilmasi onerilmektedir.","PeriodicalId":153073,"journal":{"name":"Journal of Economic Policy Researches / İktisat Politikası Araştırmaları Dergisi","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122825608","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 Interest Rate Parity in Fragile Five Countries: Evidence from Unit Root Tests with Breaks","authors":"Mehmet Altuntaş","doi":"10.26650/JEPR.937488","DOIUrl":"https://doi.org/10.26650/JEPR.937488","url":null,"abstract":"Bu calismada literaturde Kirilgan Besli ulkeleri olarak gruplandirilan Brezilya, Hindistan, Endonezya, Guney Afrika ve Turkiye icin kapsanmamis faiz orani paritesinin gecerliligi arastirilmistir. Calismanin ekonometrik analiz bolumunde son donemlerde arastirmacilar tarafindan yaygin olarak kullanilan birim kok testlerinden yararlanilmistir. Bu noktada Dickey ve Fuller (1979), Genisletilmis Dickey ve Fuller (1981), Philips ve Perron (1988), Kwiatkowski, Phillips, Schmidt ve Shin (1992), Perron (1989) tek kirilmali birim kok, Zivot ve Andrews (1992) tek kirilmali birim kok ve Enders ve Lee (2012) Fourier-ADF birim kok testleri kullanilmistir. Analiz sonuclari dogrultusunda Brezilya, Endonezya ve Turkiye icin kapsanmamis faiz orani paritesinin gecerliligine dair guclu kanitlar elde edilmistir. Hindistan iliskin sonuclar yapisal kirilmanin dikkate alindigi durum ve dikkate alinan yapisal kirilmanin yapisina gore degisiklik gostermektedir. Bu durumda yapisal kirilmalarin dikkate alinmasi ve veri setine iliskin donemin konjonkturel yapisinin iyi bilinmesi konusunu gundeme getirmektedir. Guney Afrika’da ise sonuclar cogunlukla faiz orani paritesinin gecerli oldugu yonunde olmasina ragmen, yumusak kirilmalara izin veren Fourier-ADF testine iliskin sonuclar bu ulkelerde faiz orani paritesinin gecersiz olduguna dair kanitlar sunmustur.","PeriodicalId":153073,"journal":{"name":"Journal of Economic Policy Researches / İktisat Politikası Araştırmaları Dergisi","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127439353","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 Relationship Between Economic Growth and Foreign Aid: The Case of Afghanistan","authors":"M. Farahmand","doi":"10.26650/jepr885246","DOIUrl":"https://doi.org/10.26650/jepr885246","url":null,"abstract":"","PeriodicalId":153073,"journal":{"name":"Journal of Economic Policy Researches / İktisat Politikası Araştırmaları Dergisi","volume":"633 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123072106","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":"İşgücü Verimliliği, İhracat ve Doğrudan Yabancı Yatırımlar İlişkisi: Geçiş Ekonomileri Örneği","authors":"Mehmet Akyol, Emrullah Mete","doi":"10.26650/JEPR.897968","DOIUrl":"https://doi.org/10.26650/JEPR.897968","url":null,"abstract":"Gunumuzde kaynaklarin kit olmasi ve teknolojik gelismelerin her ulkede gerceklesmemesi nedeniyle verimlilik ulkeler icin ekonomik gelismeyi saglayan onemli bir enstruman olmustur. Genel olarak isgucu verimliligindeki artisin ulkeler icin ihracat, dogrudan yabanci yatirimlar ve ekonomik buyume gibi makro ekonomik enstrumanlari harekete gecirdigi kabul edilmektedir. Bu calismada is gucu verimliligi ile ihracat ve dogrudan yabanci yatirimlar arasindaki iliski gecis ekonomileri ulkeleri icin 2005-2019 doneminde incelenmistir. Dumitrescu ve Hurlin panel nedensellik analizinin kullanildigi calismada, isgucu verimliligi ile ihracat arasinda bir nedensellik iliskisi tespit edilemezken, isgucu verimliliginden dogrudan yabanci yatirimlara dogru tek yonlu bir nedensellik iliskisi tespit edilmistir. Analiz sonuclari soz konusu ulkelerde isgucu verimliliginin dogrudan yabanci yatirimlarin nedeni oldugunu ifade etmektedir.","PeriodicalId":153073,"journal":{"name":"Journal of Economic Policy Researches / İktisat Politikası Araştırmaları Dergisi","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130677722","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 Relationship Between Industrial Production Index, Oil Prices and Consumer Price Index in the Turkish Economy","authors":"Haydar Karadağ","doi":"10.26650/JEPR913986","DOIUrl":"https://doi.org/10.26650/JEPR913986","url":null,"abstract":"Countries trying to increase their production in the industrial sector wish to have access to cheap energy. However, a rise in oil prices affects the industrial production of countries dependent on oil. Furthermore, as production costs increase, the general level of prices also increases. This study aims to examine the long-term effects of the rise in oil prices on the industrial production index and the CPI in the Turkish economy. Since the study measures the impact of Brent crude oil prices on the industrial production index and CPI for the Turkish economy, it contributes to the literature. In this respect, the study investigated the relationships among the specified variables for the 2010: Q1-2020: Q4 period of the Turkish economy. Phillips-Ouliaris cointegration test and Granger and Bootstrap causality test were used to analyze the relationship among the variables. A long-term relationship was found between the variables. According to the results of both causality tests, it was determined that the rise in oil prices raised the CPI by increasing the cost of industrial production in the Turkish economy. The findings show that oil prices should be monitored closely by actors of economic management.","PeriodicalId":153073,"journal":{"name":"Journal of Economic Policy Researches / İktisat Politikası Araştırmaları Dergisi","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126809872","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":"On the Predictability of Bitcoin Price Movements: A Short-term Price Prediction with ARIMA","authors":"Hatice Özütler","doi":"10.26650/JEPR.946081","DOIUrl":"https://doi.org/10.26650/JEPR.946081","url":null,"abstract":"Daily transactions in cryptocurrencies have long been following an ascending tendency, with Bitcoin leading the charge. Daily transactions recorded in the system increased from 7000 trade per day in 2012to more than 1 million nowadays. The study aims to examine the utility of cryptocurrencies specific to Bitcoin and diagnose how predictable its price fluctuations and the volatility of the crypto market. Because the dilemma between risk aversion and return maximization became evident for investors with high yielded digital assets in a zero-lower bound environment. Hence the predictability of its price movements in the short run may shed some light on the price formation of Bitcoin. Using an ARIMA model in forecasting Bitcoin price due to its response to short-term data, the study revealed that ARIMA (1,1,0) is efficient in forecasting quarterly price movements for the last two quarters of 2020, and the deviation of its price in this period might suggest a change in its perceived investment value to investors as a digital asset after the outbreak of COVID-19.","PeriodicalId":153073,"journal":{"name":"Journal of Economic Policy Researches / İktisat Politikası Araştırmaları Dergisi","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125664380","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":"An Empirical Analysis for the Effects of Accounting and Auditing Standards and Corporate Governance on Macroeconomic Stability","authors":"Hülya Kesici Çalışkan, Ayşe Atılgan Sarıdoğan","doi":"10.26650/jepr880830","DOIUrl":"https://doi.org/10.26650/jepr880830","url":null,"abstract":"","PeriodicalId":153073,"journal":{"name":"Journal of Economic Policy Researches / İktisat Politikası Araştırmaları Dergisi","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127234601","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}