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İktisat Bölümü Yayın Koleksiyonu

Permanent URI for this collectionhttps://hdl.handle.net/20.500.12416/402

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Browsing İktisat Bölümü Yayın Koleksiyonu by Author "19320"

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    Article
    Citation Count: Hasanov, Mübariz; Omay, Tolga, "Are the Transition Stock Markets Efficient? Evidence from Non-Linear Unit Root Tests", Vol. 7, No. 2, pp. 1-12, (2007).
    Are the Transition Stock Markets Efficient? Evidence from Non-Linear Unit Root Tests
    (2007) Omay, Tolga; Hasanov, Mübariz; 19320
    In this paper we address efficiency of eight transition stock markets, namely, Bulgarian, Chinese, Czech, Hungarian, Polish, Romanian, Russian and Slovakian stock markets by testing whether the price series of these markets contain unit root. For this purpose we employ the nonlinear unit root test procedure recently developed by Kapetanios et al. (2003) that has a better power than standard unit root tests when series under consideration are characterised by a slower speed of mean reversion. The results of nonlinear unit root tests indicate that only Bulgarian, Czech, Hungarian and Slovakian price series contain unit root, consistent with weak form efficiency.
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    Article
    Citation Count: Omay, Tolga, "Can Term Structure of Interest Rate Predict Inflation and Real Economic Activity: Nonlinear Evidence from Turkey?", Nonlinear and Complex Dynamics: Applications In Physical, Biological, and Financial Systems, pp. 269-294, (2012)
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    Book Part
    Citation Count: Arın, K. Peren; Omay, Tolga (2006). "Inflation and growth: An empirical study for the comparison of the level and the variability effects", Trends in Inflation Research, pp. 207-213.
    Inflation and growth: An empirical study for the comparison of the level and the variability effects
    (2006) Arın, K. Peren; Omay, Tolga; 19320
    This paper analyzes the interaction between the inflation and growth within the Mankiw-Romer-Weil (1992) framework. Our results indicate that the inflation level has a significant negative effect on output in advanced capitalist economies, whereas inflation variability has a negative and significant effect on output in the long-run for all sub-samples. Our results also show that the variability effects are larger in terms of significance. © 2006 Nova Science Publishers, Inc. All rights reserved.