Ekonomi Bölümü Koleksiyonu

Permanent URI for this collectionhttps://gcris.khas.edu.tr/handle/20.500.12469/57

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Citation Count: 0
Back To Full Employment
(Routledge Journals Taylor & Francis Ltd, 2013) Orhangazi, Özgür
[Abstract Not Available]
Citation Count: 2
Bargaining With Nonanonymous Disagreement: Decomposable Rules
(Elsevier Science Bv, 2011) Kıbrıs, Özgür; Tapkı, İpek Gürsel
We analyze bargaining situations where the agents' payoffs from disagreement depend on who among them breaks down the negotiations. We model such problems as a superset of the standard domain of Nash (1950). We first show that this domain extension creates a very large number of new rules. In particular, decomposable rules (which are extensions of rules from the Nash domain) constitute a nowhere dense subset of all possible rules. For them, we analyze the process through which "good" properties of rules on the Nash domain extend to ours. We then enquire whether the counterparts of some well-known results on the Nash (1950) domain continue to hold for decomposable rules on our extended domain. We first show that an extension of the Kalai-Smorodinsky bargaining rule uniquely satisfies the Kalai and Smorodinsky (1975) properties. This uniqueness result, however, turns out to be an exception. We characterize the uncountably large classes of decomposable rules that survive the Nash (1950), Kalai (1977), and Thomson (1981) properties. (C) 2011 Elsevier B.V. All rights reserved.
Citation Count: 3
Contours of Alternative Policy Making in Venezuela
(Sage Publications Inc, 2014) Orhangazi, Özgür
The economic policies of the Venezuelan government in the last decade represent a significant departure from neoliberal orthodoxy. This departure consists of a focus on greater national autonomy, a return to some of the macroeconomic policies of earlier eras, and increased state involvement in the economy through interventions and social programs. While these policies have resulted in improved social indicators, they also have provided space for a set of "transformative" initiatives, including experiments with worker co-management, cooperatives, and participatory planning, all of which seek alternatives to the capitalist organization of the economy. Although the Venezuelan experience could be considered sui generis, especially with the economy's dependence on oil, a critical evaluation of the policies implemented in Venezuela would contribute to discussions on the alternatives to both neoliberal policies and capitalism in general. This paper provides an analysis of the break with neoliberal economic policies and of the transformative initiatives, as well as an evaluation of their achievements together with a discussion on their likely future path.
Citation Count: 7
Cumulative Prospect Theory Preferences in Rent-Seeking Contests
(Elsevier Science, 2018) Keskin, Kerim
We investigate the equilibrium behavior for agents with cumulative prospect theory preferences in rent-seeking contests. Characterizing the equilibrium effort levels we present results on the existence of equilibrium and total rent dissipation. (C) 2018 Elsevier B.V. All rights reserved.
Citation Count: 17
Declining Poverty and Inequality in Turkey: the Effect of Social Assistance and Home Ownership
(Routledge Journals Taylor & Francis Ltd, 2018) Tekgüç, Hasan
Social assistance has become prominent in combating poverty in developing countries and has also contributed to the popularity and election success of governments implementing it. In this paper I employ household surveys and investigate the effect of social assistance on poverty and income inequality in Turkey. I also review the recent literature on poverty as well as different components of social protection spending: education health pensions and housing. In the empirical analysis I show that pensions still constitute the bulk of public transfers to households. Moreover home ownership ameliorates poverty and inequality for Turkey. Despite its modest amounts social assistance reduces poverty and its marginal effect on income inequality is larger than other income sources. These findings suggest that increases in social assistance budgets should accompany other policy measures in combating poverty and inequality.
Citation Count: 1
Dependence on Imported Inputs and Implications for Technology Transfer in Turkey
(Springer New York, 2012) Akkemik, K. Ali
Trade and macroeconomic policies in Turkey evolved from import substitution to export promotion and liberalization of commodity and capital markets after 1980. During the 1980s and 1990s Turkey’s exports and imports and their shares in GDP demonstrated an increasing trend. The share of exports in GDP increased from 4.2% in 1980 to 20.3% in 2005 and that of imports rose from 11.4 to 32.2%. Import liberalization was accomplished during the second half of the 1990s and at around the same time direct price support for exports was abolished. © Springer Science+Business Media LLC 2012. All rights reserved.
Citation Count: 1
Effects of Gender on Credit Card Usage Among University Students in Turkey
(Academic Journals, 2011) Ucal, Meltem Şengün; O'Neil, Mary Lou; Cankaya, Serkan
In recent years much has been written about credit card usage among university students. Despite a vast number of studies little has been written about credit card usage among university students in developing countries. This research surveyed university students in Turkey in an attempt to understand their uses of credit cards. In particular we examined the impact of gender on credit card use. The literature on the impact of gender on credit card usage is a bit unsettled and this study seeks to add another dimension to the research in this area. Using both parametric and nonparametric measures we sought to isolate gender and tested whether or not it affects the ways that young people in Turkey use credit cards. The importance of this research centers on the portrait it provides of credit card usage among young people in a developing country as well as to pointing the factors that may influence future credit card use.
Citation Count: 7
Endogenous Reference Points in Bargaining
(Springer Heidelberg, 2018) Karagözoğlu, Emin; Keskin, Kerim
We allow the reference point in (cooperative) bargaining problems with a reference point to be endogenously determined. Two loss averse agents simultaneously and strategically choose their reference points taking into consideration that with a certain probability they will not be able to reach an agreement and will receive their disagreement point outcomes whereas with the remaining probability an arbitrator will distribute the resource by using (an extended) Gupta-Livne bargaining solution (Gupta and Livne in Manag Sci 34:1303-1314 1988). The model delivers intuitive equilibrium comparative statics on the breakdown probability the loss aversion coefficients and the disagreement point outcomes.
Citation Count: 11
Female Employment Status: a Survey Analysis of Selected Member States of the Arab League
(Springer Heidelberg, 2019) Ucal, Meltem Şengün; Günay, Simge
Low female labor force participation is a conspicuous issue in the literature. Based on this information, women's perspectives of the determinants of female labor force participation in 13 member states of the Arab League in relation to the region's patriarchal culture and conservative social norms are discussed in this paper. Probit modelling is applied to the sixth wave of the World Values Survey data (2010-2014), in order to examine the relationship between female labor force participation and socio-cultural variables, such as women's perceptions about the importance of religion, the priority of religion compared with science, the importance of traditions for women, the priority of men concerning the right to a job and the importance of a job for women's independence, and personal characteristics, such as women's social class, marital status, number of children, educational level and age. The results indicate that the number of children and the importance given to tradition and religion by women are obstacles to increasing their labor force participation.
Citation Count: 0
Financial Deregulation and the 2007-08 Us Financial Crisis
(Edward Elgar Publishing Ltd, 2015) Orhangazi, Özgür
[Abstract Not Available]
Citation Count: 0
Financialization and the Nonfinancial Corporate Sector
(Edward Elgar Publishing Ltd, 2015) Orhangazi, Özgür
[Abstract Not Available]
Citation Count: 0
Financialization: the Economics of Finance Capital Domination
(Edward Elgar Publishing Ltd, 2016) Orhangazi, Özgür
[Abstract Not Available]
Citation Count: 0
Global Integration Strategies in Times of Crisis - an Event Study of the Impact the Global Financial Crisis Has on Turkish Subsidiaries' Exporting Strategies
(Emerald Group Publishing Limited, 2017) Jensen, Camilla
Past research suggests that a financial crisis event has a dual and ambiguous effect on the exporting strategy of subsidiaries of multinational firms in a value chain and offshoring perspective. From a total volume perspective exports are expected to contract due to a decline in demand (demand shock) from other subsidiaries downstream in the value chain. While in a comparative perspective multinational subsidiaries are found to perform relatively better than local firms that are integrated differently (arms' length) in global production networks (e.g. offshoring outsourcing). This chapter tries to reconcile these findings by testing a number of hypothesis about global integration strategies in the context of the Global Financial Crisis (GFC) and how it affected exporting among multinational subsidiaries operating out of Turkey. Controlling for the impact that exchange rate depreciations and volatility has on firm-level exports the study shows that the particular global event studied had no additional impact on individual firms' exports. Since multinational subsidiaries are more insulated from these effects they are able to expand rather than contract their global integration strategies throughout the course of the GFC.
Citation Count: 0
An Illustration of 'strategic Early Warning System' Software and Its Use as a Decision-Making Aid for Professional Football (soccer) Clubs
(Destech Publications, 2014) Bisson, Christophe; Büyüktürk, Bora
All economic sectors under the influence of globalization deregulation and growth of Information Technology and Communication are in constant change face a fiercer competition and 'big data'. One solution to address these phenomena is the Strategic Early Warning System. A method of the Strategic Early Warning System and its related software have been developed by Christophe Bisson. This paper shows the importance of the created software through the case of the strategic management of professional football (soccer) teams. Thus a simulation was done for calculating the impacting potential strategic scenarios and their actual impacts. Therein any organization could integrate this 'Strategic Early Warning System' software as a decision system support to anticipate events rather than reacting to them act faster and better than competitors.
Citation Count: 0
Macroeconomic Adjustment in Asia After the Global Financial Crisis: Japan, Korea, and China
(Nova Science Publishers, Inc., 2017) Akkemik, K. Ali; Özdemir, Onur
[Abstract Not Available]
Citation Count: 3
Modeling and Forecasting the Demand for Industrial Roundwood in Turkey: a Primary Econometric Approach
(Wfl Publ, 2012) Kayacan, Bekir; Ucal, Meltem Şengün; Öztürk, Atakan; Bali, Ramazan; Koçer, Sacit; Kaplan, Erdem
This study is a primary econometric analysis to explore the factors explaining the changes in industrial roundwood demand in Turkey. The study also includes demand forecasts based on the econometric models proposed herein. We constructed two separate econometric models: one for national demand for domestically-produced saw log, and the other for national demand for domestically-produced non-sawlog industrial roundwood. Models were originally designed in multiplicative form. The original models are then converted into the log-linear form so that the relevant coefficients of the regression equations would immediately reflect the elasticities. Estimation of the model parameters are based on a panel data set of fifteen years (1995-2009) by twenty seven regional forest directorates in the country. In accordance with the maxim of less than the half of the 15 years period of data set, the demand forecasts are made for seven years beyond 2009. In view of the results, the explanatory power of the proposed models can arguably be deemed satisfactory especially considering the lack of earlier studies of this scale and scope. This consequently increases the credibility of the demand projections. Notwithstanding signs of the estimated parameters of the models are for the most part congruent with those expected in light of the economic theory and practice, some intriguing results are obtained. Perhaps most notably, while the sign of the estimated price elasticity of sawlog demand occurred unexpectedly positive, the variation in sawlog demand is explained to a considerable extent by the variation in the price of imported sawlog, hence an expected cross elasticity. Also notable is that the price of imported "fuelwood" holds a positive relationship with the national demand for domestic non-sawlog imdustrial roundwood, which is an expected cross elasticity since virtually all of the imported "fuelwood" is used as raw material for industry (e.g. chip and fiberboard industry). Finally, both models suggest overall boost in demand: yet an upper bound of 4.5 million m(3) for national demand for domestically-produced sawlog, and of 15 million m(3) for national demand for domestically-produced non-sawlog industrial roundwood can be expected by 2016.
Citation Count: 6
Multi-Player Race
(Elsevier Science Bv, 2018) Dogan, Serhat; Karagozoglu, Emin; Keskin, Kerim; Saglam, Cagri
We present a model of race with multiple players and study players' effort choices and expected prizes in equilibrium. We show that in equilibrium once any two players win one battle each the remaining players do not exert any effort anymore. This turns the continuation game into a two-player race. This is different than the results in previous two-player models of race which report that all states of the game are reached with positive probabilities. We also provide a set of comparative static results on the effects of the number of players and the victory threshold. (C) 2018 Elsevier B.V. All rights reserved.
Citation Count: 0
Neo-Liberal Policies and Poverty: Effects of Policies on Poverty and Poverty Reduction in Turkey
(2011) Öztürk, Murat
[Abstract Not Available]
Citation Count: 0
Parametric Bootstrap Model Selection Criterion With in Linear Model Compared To Other Criteria
(INT INST Informatics & Systemics, 2005) Ucal, Meltem Şengün
The most important stage of econometrics estimation is the in model set up. The model set up has the best prediction ability and is therefore suitable for econometrics estimation. Between the dependent variable Y and other independent explanatory variables X must be a strong relationship in econometrics estimation. However all explanatory variables cannot be related to dependent variable Y. This condition creates a regression problem. A similar problem appears in variable selection equivalent to problem in model selection. The most suitable faultless model is provided by correct and suitable selection of variables. There exist many variable/model selection procedures the where the necessary relationship between X and Y is linear
Citation Count: 196
The Role of Trade and Fdi for Co2 Emissions in Turkey: Nonlinear Relationships
(Elsevier, 2019) Haug, Alfred Albert; Ucal, Meltem Şengün
This paper examines the effects of foreign trade and foreign direct investment (FDI) on CO2 emissions in Turkey. We consider linear and nonlinear ARDL models and find significant asymmetric effects of exports, imports and FDI on CO2 emissions per capita. However, FD1 has no statistically significant long-run effects. In the long run, decreases in exports reduce CO2 emissions per capita but increases in exports have no statistically significant effects. Increases in imports push up CO2 emissions per capita, while decreases in imports have no long-run effects. On the other hand, CO2 intensity, which measures CO2 emissions per unit of energy, is not influenced by exports and imports, nor by FDI. Instead, it is affected positively by financial development and urbanization. Also, we find that an environmental Kuznets curve is present for both CO2 measures so that increases in real GDP per capita have led to reductions in CO2 emissions for at least the most recent decade, controlling for other confounding factors. Furthermore, the sectoral shares of CO2 emissions in total CO2 emissions change asymmetrically with foreign trade for two of four sectors, with export increases leading to lower CO2 shares and imports having the opposite effect. (C) 2019 Elsevier B.V. All rights reserved.

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