Ekonomi Bölümü Yayın Koleksiyonu

Permanent URI for this collectionhttps://hdl.handle.net/20.500.12416/818

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Citation - WoS: 8
Citation - Scopus: 8
A nonparametric panel data model for examining the contribution of tourism to economic growth
(Elsevier, 2023) Dogan, Ergun; Doğan, Ergun; Zhang, Xibin; 43080; İktisat
We apply a nonparametric panel data model with cross-sectional and time-varying coefficients to examine the relationship between tourist arrivals and economic growth in the Schengen area from 1995 to 2019. In contrast to the parametric models employed in other studies, our nonparametric model makes no assumption about functional form and, hence, allows us to model the relationship nonlinearly. We find that the tourism-economic growth relationship in the Schengen area is nonlinear and time-varying. While the relationship between tourism and economic growth was positive and significant during 1995-2003, it was negative and significant during the Global Financial Crisis (2007-2008) and the European recession of 2012-2013. One additional contribution of the study is the finding that total factor productivity (TFP) has been growing at 1.45% per year. The results also show that country-level TFP growth was disrupted during the aforementioned negative economic shocks.
Citation - WoS: 8
Citation - Scopus: 9
Is there convergence in renewable energy deployment? Evidence from a new panel unit root test with smooth and sharp structural breaks
(Pergamon-elsevier Science Ltd, 2023) Corakci, Aysegul; Omay, Tolga; Omay, Tolga; 103299; Çankaya Meslek Yüksekokulu
This study examines whether the contribution of renewable energy to the total primary energy supply converges in a panel of 24 OECD countries over the period 1960-2020. To this end, a new panel unit root test that allows for both sharp and smooth breaks is proposed to test for the stochastic convergence hypothesis. Although renewable energy convergence is not rejected when the newly proposed test is applied to the full panel of OECD countries, it found only moderate support within the members of the panel using a sequential panel selection methodology. In fact, in two high-income OECD countries, the contribution of renewable energy to the primary energy supply shows no sign of convergence: Poland and Iceland. Therefore, the renewable energy shares seem to be converging to a common steady state in only a group of OECD countries over the long run. This uneven pattern of convergence, in turn, suggests that the OECD countries are still far away from developing a common sustainable renewable energy target, calling for urgent international policy cooperation to encourage the divergent econo-mies to seek out the menu of policies that ensure the worldwide success of renewable energy transformation.
Citation - WoS: 19
Citation - Scopus: 21
Regression analysis with a dtochastic design variable
(Wiley, 2006) Sazak, HS; Tiku, ML; Islam, MQ
In regression models, the design variable has primarily been treated as a nonstochastic variable. In numerous situations, however, the design variable is stochastic. The estimation and hypothesis testing problems in such situations are considered. Real life examples are given.

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