Mehmet Mercan

Energy Consumption, Economic Growth and Carbon Emission: Dynamic Panel Cointegration Analysis for Selected OECD Countries☆

Abstract One of the important inputs to the production process is energy. Energy consumption is proportional to a countrys economic growth. Energy consumption and energy supplied from fossil fuels in production process, cause carbondioxide (CO2) emissions and environmental deterioration. In this study, casual relationships among economic growth, energy consumption and CO2 emissions were investigated for selected eleven OECD countries(Brasil, France, Greece, Italy, Korea Republic, Mexico, Netherland, Poland, Spain, Turkey, UK, USA) and Brasil over the period 1970-2011. In this study, firstly, Cross Sectionally Dependency (CD) in a country was examined by using CDLM test (Cross Sectionally Dependency Lagrange Multiplier) developed by Pesaran (2004) . Stationary of series was investigated with CADF test (Cross-Sectionally Augmented Dickey-Fuller) developed by Pesaran (2006) by considering CD. Cointegration relationship among series was examined by using panel cointegration test with multiple structural breaks developed by Basher and Westerlund (2009) . As a result of the empirical analysis, cointegration relationship between the series was determined.

The Effect of Financial Development on Economic Growth in BRIC-T Countries: Panel Data Analysis

In this study, the effect of financial development on economic growth was nresearched for the most rapidly developing countries (emerging markets) n(Brazil, Russia, India, China and Turkey, BRIC-T) via panel data nanalysis using the annual data for the period from 1989 to 2010. Foreign ndirect investments and trade openness, which was thought to have effects non the growth, were included in the analysis. According to empirical nevidence derived from the study made with panel data analysis it was nfound that the effect of financial development on economic growth was npositive and statistically significant in line with theoretical expectations. nEvidence that even foreign direct investments and openness contributed to nthe growth positively was also found.

Assessment of Efficiency and Effectiveness of Micro Credit Application From Socio-Economic and Political Perspectives: The Case of Hakkari☆

Abstract Micro-credit seems as a financial tool that allows people with low-income particularly women to start their own business and do income -generating activities. In Hakkari, one of the cities whose employment rate is low, micro-credit programs continues. In order to reduce unemployment rate, poverty and inequality in income distribution, micro-credit applications aim to encourage people with low-income, especially women, who are too poor to get a credit from banks or some other ways to do income-generating activities, to meet their financial needs in an effort to ensure their participation into economic and social development. From this point of view, what socio-economic and political consequences of micro-credit applied in Hakkariare is an important question in respect of effectiveness and efficiency. In this study, socio-economic and political consequences of these applications in Hakkari case are evaluated in terms of effectiveness and efficiency.

The Measurement of Socio-Political and Economical Sensitivities: The Case of Hakkari☆

Abstract One of the most significant qualities which separate humanbeings from other livingbeings is their ability to make preferences. This quality is one of the qualities which separate the people making different preferences from each other as well. One of the qualities that separatesocities from the others like people is their common preferences/sensitivities. In this context, it is possible to talk about different qualities separating them from each other. The purpose of this study is to measure the socio-political and economical priorities and sensitivity rates of a particular society. Sample of the study is the people living in Hakkari. In the research ‘general screening model’, one of the descriptive screening models was utilized.

Are The Kaldor's Laws Valid? Panel Data Analysis under Cross Section Dependency for NIC Countries.☆

Abstract In this study, the validity of the Kaldors Laws in NIC (Newly industrialized countries) is tested and investigated via second generation panel data methods with structural break under cross section dependency in 1965-2012 periods and annual data are used. In analysis firstly, CrossSectionally Dependency (CD) in country was examined via CDLM test (Cross Sectionally Dependency Lagrange Multiplier) developed by Pesaran (2004) . Stationary of series was searched via CADF test (Cross-Sectionally Augmented Dickey-Fuller) developed by Pesaran (2006) considering CD. Cointegration relationship among series was examined the panel cointegration test with multiple structural breaks developed by Basher and Westerlund (2009) . As a result of analysis, cointegration relationship between the series was determined. Also, the validity of the Kaldors Law was determined.

Ticari Dışa Açıklığın Ekonomik Etkileri : Orta Asya Ülkeleri İçin Ampirik Bir Analiz

Bu calismada, ticari disa acikligin ekonomik buyume ve enflasyon uzerindeki etkileri, 1990-2010 donemi yillik verileri kullanilarak, Orta Asya ulkelerinden Azerbaycan, Kazakistan, Kirgizistan, Tacikistan, Turkmenistan ve Ozbekistan icin Panel veri analizi yardimiyla arastirilmistir. Disa aciklik degiskeni olarak, dis ticaret hacminin GSYIHya orani kullanilmistir. Panel veri analizi yardimiyla yapilan calismadan elde edilen ampirik kanitlara gore; ticari disa acikligin ekonomik buyume uzerindeki etkisi teorik beklentilerle uyumlu bir sekilde pozitif ve istatistiki olarak anlamli bulunmustur. Disa acikligin enflasyon uzerindeki etkisinin ise literaturden farkli olarak pozitif oldugu bulgusu elde edilmistir.

Measurement of the Competitiveness of Turkey: EU Countries, 1980-2010 Period Comparison

Nowadays, in the new world order caused by economic globalization, technological and political changes in world economy result in changes in the competitiveness of the countries. Everyday, countries intensify their effort to gain, develop and protect their power to compete with other countries. Today, even the most developed countries are trying to strengthen their competitiveness in order to enlarge their share in the world economy. Turkey desires to increase its competitiveness in all sectors in order to raise the welfare level of its people and to speed up its economic growth. Turkey endeavors to increase its competitiveness against EU, who is one of the most important economic partners of Turkey, in all sectors. In this study, the period of 1980-2010 is used to measure the competitiveness of Turkey towards the EU countries and aims to achieve predictions for the future, and the watermark.