İktisat Bölümü Yayın Koleksiyonu
Permanent URI for this collectionhttps://hdl.handle.net/20.500.12416/402
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Article Citation - WoS: 9Citation - Scopus: 9Hysteresis and Stochastic Convergence in Eurozone Unemployment Rates: Evidence From Panel Unit Roots With Smooth Breaks and Asymmetric Dynamics(inst Badan Gospodarczych, 2022) Omay, Tolga; Hasanov, Mubariz; Corakci, AysegulResearch background: Studying the dynamic characteristics of unemployment rate is crucial for both economic theory and macroeconomic policies. Despite numerous research, the empirical evidence about stochastic behaviour of the unemployment rate remains disputable. It has been widely agreed that most economic variables, including unemployment rates, are characterized by both structural breaks and nonlinearities. However, a little work is done to examine both features simultaneously. Purpose of the article: In this paper, we analyse the stationarity properties of unemployment rates of Euro area member countries. Also, we aim to test stochastic convergence of unemployment rates among member countries. Our empirical procedures explicitly allow for simultaneous gradual breaks and nonlinearities in the series. Methods: This paper develops a new unit root test procedure for panel data, allowing for both gradual structural breaks and asymmetric adjustment towards equilibrium. We carry out Monte Carlo simulations to examine small sample performance of the proposed test procedure and compare it to the existing test procedures. We apply the newly proposed test to examine the stochastic properties of the unemployment rates of Euro-member countries as well as relative unemployment rates vis-a-vis the Eurozone unemployment rate. Findings & value added: We find that the newly developed test procedure outperforms existing tests in highly nonlinear settings. Also, these tests reject the null hypothesis of unit root in more cases when compared to the existing tests. We find stationarity in the series only after allowing for structural breaks in the data generating process. Allowing for nonlinear and asymmetric adjustment in addition to gradual breaks provides evidence of stationarity in more cases. Furthermore, our results suggest that relative unemployment rate series are stationary, providing evidence in favour of stochastic convergence in unemployment rates. Overall, our results imply a limited room for coordinated economic policy to fight unemployment in the Eurozone.Article Türkiye’de Sinema Sektörünün Geçmişi; Bugünü ve Yarını: Karşılaştırmalı Bir Çalışma(2023) Aktaş, Mansur Konuralp; Doğanay, Mehmet MeteBarındırdığı önemli özellikler sinemayı bir sanat ve eğlence kaynağı olmanın çok ötesine taşımıştır. Sinema ile ilgili yapılan birçok çalışma sinemayı değişik açılardan ele almıştır. Bu çalışmada sinemaya geniş bir perspektiften bakılmış ve sinema ile ilgili yapılan değişik birçok çalışma ile birlikte Internet Movie Database (IMDB)’de yer alan Türk filmleri ile ilgili araştırmalardan yararlanılmıştır. Çalışmanın temel amacı Türkiye’deki sinema sektörünü incelemek olmakla beraber, bir karşılaştırma imkânı sağlaması açısından dünyada sinema endüstrisi alanında önemli yeri olan başta ABD (Hollywood) olmak üzere örnek teşkil edebilecek Hindistan (Bollywood) ve Nijerya (Nollywood) sinema sektörlerinin de değişik açılardan incelenmesidir. Çalışmanın ilk iki bölümünde Hollywood, Bollywood ve Nollywood film endüstrilerinin gelişimi el alınmıştır. Üçüncü bölümde Türk sinemasının doğuşu ve gelişimi incelenmiştir. Çalışmanın dördüncü bölümünde ise Türk sinemasında film içerikleri örneklerle sunulmuştur. Son bölümde ise Türk sinemasının genel bir değerlendirmesi üzerinden Türk sinemasının geleceği üzerine fikirler ortaya atılmaktadır.Article Citation - WoS: 2Citation - Scopus: 2On the Heterogeneous Effects of Tax Policy on Labor Market Outcomes(Wiley, 2022) Adnan, Wifag; Arin, Kerim Peren; Corakci, Aysegul; Spagnolo, NicolaMany recent studies have documented the heterogeneous effects of government-spending shocks on major macroeconomic variables, particularly on output. We delve deeper into the heterogeneous effects of fiscal policy innovations, but focus on the tax policy innovations and their impact on the labor market, while accounting for gender, race, ethnicity, and the business cycle. Using microlevel data from the United States, we find that: (i) Tax shocks have varying employment effects depending on gender, race, and the stage of the business cycle; (ii) Sector, industry, and occupational segregation in labor markets by gender, race, and ethnicity can explain most of the variation in response to fiscal policy shocks.Article Citation - WoS: 10Citation - Scopus: 7Distinct Asymmetric Effects of Military Spending on Economic Growth for Different Income Groups of Countries(Taylor & Francis Ltd, 2023) Ocal, Nadir; Yildirim, Julide; Karadam, Duygu Yolcu; Yolcu Karadam, DuyguAlthough possible asymmetries for univariate and multivariate dynamics have been the focus of interest in many areas of economic explorations, it seems that most of the research on military expenditure - economic growth nexus has tended to assume linear relationships. This paper aims to examine possible nonlinearities in military expenditure-economic growth nexus employing data for a sample of 103 countries covering the 1988-2019 period. For this purpose, Panel Smooth Transition Regression, PSTR, models are estimated not only for all countries' sample but also for low income, middle income, and high-income countries' subsamples to reveal possible distinct asymmetric relationships for country groups with different income levels. Empirical results for the whole sample, low income and middle income groups indicate that military expenditure not only governs the regime change, but also low and high levels of military expenditure have distinctive and rising negative effects on economic growth with dissimilar threshold effects. Moreover, empirical findings also indicate that net arms exports govern regime change for high income countries, and as net arms exports rise, the negative impacts of military expenditure on economic growth become deeper.Article Citation - WoS: 4Citation - Scopus: 5Analysis of Distinct Asymmetries in Financialintegration-Growthnexus for Industrial, Emerging and Developing Countries(Wiley, 2022) Ocal, Nadir; Yolcu Karadam, DuyguThis paper examines the threshold conditions in financial integration and growth relationship for a large set of threshold variables and different income group of countries employing Panel Smooth Transition Regression Models. Except developing countries, our findings strongly indicate nonlinear dynamics and imply that the impact of financial integration on growth is asymmetric depending on a number of indicators such as countries' degree of institutional quality, financial sector development, trade openness, budget deficit, inflation volatility and the level of financial integration. Our results show that these threshold effects substantially differ for emerging and industrial countries. As far as whole set of countries is concerned, our findings imply that countries having developed financial systems, qualified institutions and stable macroeconomic environment benefit from financial integration. Moreover, threshold effects are stronger and different for emerging countries compared to the industrial countries. Unlike emerging economies, higher levels of financial integration and trade openness decrease benefits from financial openness for the industrial countries. Besides, high fiscal deficit has more pronounced negative effect on the growth of the industrialized countries compared to emerging economies and other indicators.Article Citation - WoS: 10Citation - Scopus: 15Sources and Channels of International Knowledge Spillovers in Asean-5: the Role of Institutional Quality(Wiley, 2020) Dogan, Ergun; Wong, Koi NyenAssociation of Southeast Asian Nations (ASEAN) is a dynamic and outward-looking regional economy, which has made notable progress in expanding trade and investment. This paper examines whether knowledge spillovers are prevalent among ASEAN-5, focusing on the issues of which channels and which sources are the potential drivers of total factor productivity. The findings reveal that the key spillover channels are exports and non-capital imports coming from source countries such as the Organisation for Economic Co-operation and Development (OECD) countries, the G7 countries. The institutional quality plays an instrumental role in increasing total factor productivity through foreign direct investment, especially when the spillovers originate from the OECD and the G7. (c) 2020 John Wiley & Sons, Ltd.Article Citation - WoS: 9Citation - Scopus: 7The Effects of Federal Regulations on Corruption in Us States(Elsevier Science inc, 2020) Gunalp, Burak; Dincer, OguzhanUsing the newly constructed Federal Regulation and State Enterprise Index (FRASE Index) to measure the federal regulations and the existing Corruption Convictions Index (CCI), we investigate the effects of federal regulations on corruption in U.S. states. Controlling for several demographic and economic variables including the Fraser Institute's Economic Freedom Index (EFI), which measures the size and scope of government in U.S. states, we find a positive and statistically significant relationship between federal regulations and corruption. Our findings have important policy implications. A 1 standard deviation increase in FRASE Index causes CCI to increase by approximately 0.5 standard deviations. Standardized coefficient of EFI is also approximately equal to 0.5. In other words, it is possible to mitigate the effects of regulations at the federal level by reducing the size and the scope of the government at the state level.