Dış Ticaret Bölümü
Permanent URI for this communityhttps://hdl.handle.net/20.500.12416/4377
Browse
Browsing Dış Ticaret Bölümü by Scopus Q "Q3"
Now showing 1 - 2 of 2
- Results Per Page
- Sort Options
Article Citation - WoS: 3Citation - Scopus: 3Firm Survival in Times of Crisis: Do Innovation and Financing Constraints Matter? Insights from the COVID-19 Pandemic(Routledge Journals, Taylor & Francis Ltd, 2023) Ozsuca, Ekin Ayse; 237965Utilizing survey data collected over three rounds, this paper investigates the impact of pre-COVID innovation performance, innovation type, sources of knowledge, and the moderating role of financial constraints on survival following the outbreak of COVID-19. The findings pinpoint a strong and positive link between firm survival and innovation, especially process innovation, confirming the ability of innovators to adapt to new conditions as a determinant of survival. Moreover, relying on internal knowledge is found to increase the chance of survival and adaptability to times of crisis. The results further indicate that access to finance strengthens the positive impact of innovation on firm survival/adaptation.Article Citation - WoS: 10Citation - Scopus: 16The Causal Relationship Between Foreign Debt and Economic Growth: Evidence from Commonwealth Independent States(Sage Publications india Pvt Ltd, 2021) Yasar, Nermin; 230528This study investigates the relationship between external borrowing and eco-nomic growth in the Commonwealth Independent States during the period 1995-2018. Autoregressive distributed lag (ARDL) model is employed to determine the co-integration relationship among the series and then vector error correction model (VECM) is used to analyse the causality between external debt and income.The obtained results suggest that there is a negative long-term unidirectional causal relationship running from external debt to GDP presenting a strong evidence of existence of debt overhang hypothesis.The possible reasons for this unidirectional causal relationship can be explained by poor management of provided financial resources and incomplete governance in economic transition process along with structural rigidities and immature institutions in these countries which, in the long term, resulted in insufficient capital charged to service external debt.The policymakers in these post-Soviet countries should not use foreign loans to capitalise the deficits in the economies; instead, they should be more determined in employing these funds in the areas that will create national value-added production and, thus, future income.