Çankaya GCRIS Standart veritabanının içerik oluşturulması ve kurulumu Research Ecosystems (https://www.researchecosystems.com) tarafından devam etmektedir. Bu süreçte gördüğünüz verilerde eksikler olabilir.

İktisat Bölümü Tezleri

Permanent URI for this collectionhttps://hdl.handle.net/20.500.12416/654

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Browsing İktisat Bölümü Tezleri by Subject "Causality"

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    Master Thesis
    Financial development and economic growth: Turkish case
    (2016) Bakhtiar, Adnan Taleb Bakhtiar.
    The causal relationship between financial development and economic growth is a long debated and widely researched topic in the literature. Theoretically, the arguments on this causality range from no relationship to bidirectional causality and the past empirical research provide conflicting results as well. Thus no consensus could have been reached yet, both theoretically and empirically. This research thesis is aimed to contribute to the controversial evidence on the causal relationship between financial development and economic growth by focusing on Turkey as the case study. In this respect, the validity of Supply Leading, Demand Following and Bidirectional Causality Hypotheses which consist the mainstream views on the causality of this relationship, are investigated by applying time series analysis for the period 1988:Q1-2015:Q2. In the analyses, real gross domestic product (GDP) growth rate is used to measure economic growth and broad money supply to GDP ratio, market capitalization to GDP ratio, central bank assets to GDP ratio and deposits in banks to GDP ratio are used as the proxies to measure financial development. The findings obtained from the Johansen Co-Integration and Vector Error Correction Model (VECM) tests indicate that the relationship between financial development and economic growth mainly runs from financial development to economic growth both in the short and the long-run.
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    Master Thesis
    The impact of foreign exchange rates on stock markets
    (2016) Bikhtiyar Alalaw, Omran Abbas
    This research thesis is designed to investigate the impact of exchange rates on stock markets through focusing on Turkey with an additional aim of searching for the causal relationship in-between these two markets. For that purpose, first Augmented Dickey–Fuller Test is used to check for the stationary of data and then regression analysis is applied to examine the impact of exchange rates on Borsa Istanbul while Granger Causality Test is employed to search for the causal relationship in-between these two markets by employing US Dollar and Euro as the foreign exchange rate variables along with the indices of Borsa Istanbul, specifically, the National 100 Index (XU100), the Services Index (XUHIZ), the Financial Index (XUMAL) and the Industrials Index (XUSIN). In the analyses, daily data is utilized for the period between April 1, 2011 and December 31, 2015. The findings indicate that US Dollar and Euro have a significant negative impact on stock indices. However, the impact of US Dollar is found to be more significant. Besides, the results of the Granger Causality Tests show that there is a two way relationship between US Dollar and XUMAL as well as US Dollar and XU100, while no causal relationship could be found between either Euro and XUMAL or Euro and XU100 which can be interpreted as: Euro has an instant effect, but does not have a predictor power on XU-Indices.