İktisat Bölümü Yayın Koleksiyonu

Permanent URI for this collectionhttps://hdl.handle.net/20.500.12416/402

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Citation - Scopus: 8
Bitcoin Market Price Analysis and an Empirical Comparison With Main Currencies, Commodities, Securities and Altcoins
(Springer Science and Business Media Deutschland GmbH, 2019) Dinçergök, B.; Haşlak, Ş.; Pirgaip, B.
The purpose of this study is to analyze Bitcoin (BTC) market prices and to answer the question of whether there is a relationship between BTC and other asset prices, where other assets include currencies, commodities, securities and altcoins. In the empirical part, we evaluate the lead-lag relationships among each type of asset. Consequently, we compare BTC with major currencies and stock exchanges of the U.S., the EU, the U.K. and Japan (USD-SPX, EUR-DAX, GBP-FTSE and JPY-NIK), with currencies and stock exchanges of the U.S., the U.K., Russia, Venezuela and China where BTC is actively traded (USD-SPX, GBP-FTSE, RUB-MOEX, VEF-IBVC and YUAN-SSCE), with major commodities (GOLD and OIL) and with major altcoins (ETH, XRP and LTC) on a daily basis for the period spanning from 2010.07 to 2018.12. We employ Johansen co-integration, Granger causality, impulse response functions and forecast error variance decomposition analyses in our study. Our results show that BTC does not have a long-run relationship with any asset type, but that it has a short-run relationship with gold and especially altcoins, which are both significant and bidirectional. While BTC and altcoins are closely interrelated with each other, BTC price variation is mostly borne by its own prices in all cases. © Springer Nature Switzerland AG 2019.
Do Depreciations Really Trigger an Inflow of Foreign Direct Investment? The Case of Turkey
(Sosyo Ekonomi Soc, 2018) Erünlü, Zeynep
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.
Citation - Scopus: 2
Exchange Rate and Turkish Agricultural Trade Balance With Eu (15)
(2012) Yazici, M.; Yazıcı, Mehmet; Islam, M.Q.; İktisat
This paper investigates the short-run and long-run impact of exchange rate on the trade balance of Turkish Agriculture with EU (15) countries. The bounds testing approach to the cointegration and the error correction modeling is employed. A new strategy in the model selection phase is adopted and the optimal model is selected from the set of those models that satisfy both diagnostic tests and cointegration. Thus, unlike the previous literature utilizing this approach, it is ensured that a statistically reliable and cointegrated model is picked up for estimation. Estimation results based on the data for 1988-I to 2008-IV period indicate that in the short-run real exchange rate variable affects agriculture trade balance in trade with EU(15) and depreciation of Turkish Lira improves the trade balance. As for the long-run impact of the exchange rate, depreciation of domestic currency has a statistically significant negative effect on trade balance of agriculture.
Citation - WoS: 11
Citation - Scopus: 9
Ppp Hypothesis and Temporary Structural Breaks
(Economics Bulletin, 2017) Corakci, Aysegul; Omay, Tolga; Emirmahmutoglu, Furkan; Çorakcı, Ayşegül; Tolga, Omay; Çankaya Meslek Yüksekokulu; İktisat
In this study our aim is to explore a better testing strategy for the PPP hypothesis under a temporary structural break. For this purpose we use the exponential smooth transition (EST) function in the unit root testing framework and compare this methodology with the one that uses a Fourier function. Although the Fourier function is extensively used in the literature to test the validity of the PPP hypothesis under temporary breaks, this investigation shows that it leads to misleading results.
Republican citizenship in Turkey: historical development, perceptions and practices
(Routledge Journals, 2011) Kardam, Filiz; Cengiz, Kurtuluş
This article, the result of qualitative research conducted in Ankara, aims to depict the republican understanding of citizenship from the behaviour patterns and daily practices of citizens and to show how it diverges from various other forms of citizenship understanding. Republican citizenship-the most dominant and hegemonic understanding of citizenship in Turkey-was constituted in the process of foundation of the Turkish Republic as a nation-state. In Turkey's historical experience, this tradition, which is based on civil responsibilities, could not develop sufficiently in terms of individual rights and democratic values. As reflected in the perceptions and practices of citizens, Turkish society is still not very close to a democratic understanding of citizenship that strongly defends human rights, legitimacy of differences, equality between people as well as embodying responsibilities for the society

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