Bankacılık ve Sigortacılık Bölümü
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Article Citation - WoS: 31Citation - Scopus: 36The Endogenous and Non-Linear Relationship Between Terrorism and Economic Performance: Turkish Evidence(Taylor & Francis Ltd, 2009) Arin, K. Peren; Omay, Tolga; Araz-Takay, Bahar; 177438; 08.02. Çankaya Meslek Yüksekokulu; 08. Meslek Yüksekokulları; 01. Çankaya ÜniversitesiThis paper investigates the macroeconomic effects of terror by using a novel data set from Turkey for the period of 1987:1 to 2004:4. This research contributes to the literature by controlling for the possible non-linear and endogenous relationship between political conflict and economic activity. Empirical evidence from both linear and non-linear models confirms that terrorism has a large significant negative impact on economic activity. Finally, the results from the non-linear model show that the impact of terrorism on the aggregate economy is more severe during expansionary periods, and that the impact of economic activity on terrorism is significant only in recessionary periods.Article Citation - WoS: 150Citation - Scopus: 160Testing for Unit Root in Nonlinear Heterogeneous Panels(Elsevier Science Sa, 2009) Ucar, Nuri; Omay, Tolga; 189073; 08.02. Çankaya Meslek Yüksekokulu; 08. Meslek Yüksekokulları; 01. Çankaya Üniversitesi; 03.01. Bankacılık ve Finans; 03. İktisadi ve İdari Birimler FakültesiWe develop unit root tests for nonlinear heterogeneous panels where the alternative hypothesis is an exponential smooth transition (ESTAR) model, and provide their small sample properties. We apply our tests for investigating the income convergence hypothesis in the OECD sample. (C) 2009 Published by Elsevier B.V.
