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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 Department "Çankaya Üniversitesi, İktisadi ve idari bilimler Fakültesi, İktisat Bölümü"

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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: Erünlü, Zeynep (2018). Do Depreciations Really Trigger an Inflow of Foreign Direct Investment? The Case of Turkey, Sosyo Ekonomi, 26(37), 257-272.
    Do Depreciations Really Trigger an Inflow of Foreign Direct Investment? The Case of Turkey
    (Sosyo Ekonomi Soc, 2018) Erünlü, Zeynep; 103521
    In this study, the relationship between real exchange rate and foreign direct investment is examined using the Logistic Smooth Transition - Autoregressive Distributed Lag (LST-ARDL) model. Analyzing the effect of real exchange rate changes on foreign direct investment is very crucial for a developing country like Turkey which has a relatively large foreign debt stock. The estimation results show that foreign direct investment inflows to Turkey increase when Turkish Lira appreciates against the US dollar and this effect is especially strong during periods of high investment inflows. Thus, for Turkey to attract productive capital flows rather than unstable short-term portfolio flows it has to maintain a strong currency against the US dollar.
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    Article
    Citation Count: Tansel, Aysit; Acar, Elif Oznur (2017). Labor mobility across the formal/informal divide in Turkey Evidence from individual-level data, Journal Of Economic Studies, 44(4), 617-635.
    Labor mobility across the formal/informal divide in Turkey Evidence from individual-level data
    (Emerald Group Publishing LTD, 2017) Tansel, Aysit; Acar, Elif Öznur; 48566
    Purpose - This paper, the first one to use individual-level Turkish panel data, examines the labor market transitions in Turkey along the formal/informal employment divide. The purpose of this paper is to contribute to the limited body of empirical evidence available on mobility and informality in the Turkish labor market. Design/methodology/approach - Toward this end, the authors use Turkish income and Living Conditions Survey panel data for 2006, 2007, 2008 and 2009 to compute the Markov transition probabilities of individuals moving across six different labor market states: formal-salaried (FS), informal-salaried, formal self-employed, informal self-employed, unemployed and inactive. In order to examine the nature of mobility patterns in more detail, the authors then estimate six multinomial logit models individually for each transition adopting a number of individual and employment characteristics as explanatory variables. Findings - The authors find evidence that mobility patterns are fairly similar across different time spans, the probability of remaining in initial state is higher than the probability of transition into another state for all the labor market states, except for unemployment, there is only very limited mobility into the FS state. Gender, education and sector of economic activity are observed to display significant effects on mobility patterns. The results reveal several relationships between the covariates and likelihood of variant transitions. Research limitations/implications - This study provides a comprehensive and detailed diagnosis of the Turkish labor market. The market is observed to display a rather static structure throughout the period considered. The results indicate that a well recognition of underlying dynamics may help policy makers to produce various effective tools for addressing informality. Originality/value - First study to analyze labor market mobility across formal/informal sectors using newly available panel data.