Scopus İndeksli Yayınlar Koleksiyonu

Permanent URI for this collectionhttps://hdl.handle.net/20.500.12469/1248

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Citation - WoS: 13
Citation - Scopus: 14
Energy-Saving Behavior of Turkish Women: a Consumer Survey on the Use of Home Appliances
(Sage Publications Ltd, 2017) Ucal, Meltem Şengün
This paper focuses on energy-related attitudes and behaviors of Turkish women who are the main users of electrical home appliances responsible for most household energy consumption. Answers from 1323 female respondents surveyed through a unique questionnaire formed the dataset. The results from analysis of variance show that education has a significant effect on the relationship between energy saving and awareness and attitudes about climate change. Significant differences also exist between education level groups in terms of knowledge of the classification of energy-saving electrical home appliances. Responses to questions related to energy-saving purchasing behaviors are consistently higher for knowledgeable respondents. The paper then uses factor analysis and ordinal logit models to reveal interactions between energy-saving behavior regarding electrical home appliances and several factors namely awareness sensitivity essentials and receptiveness. The identification of these factors can provide useful insights for policy makers that enable them to construct energy-saving policies specifically tailored toward women.
Citation - WoS: 47
Citation - Scopus: 59
The Personality and Leadership Style of Recep Tayyip Erdogan: Implications for Turkish Foreign Policy
(Routledge Journals Taylor & Francis Ltd, 2011) Görener, Aylin; Ucal, Meltem Şengün
Recep Tayyip Erdog. an is clearly the most controversial figure in recent Turkish political history. His preponderance in political life is remarkable even by Turkish standards. Because Erdog. an is so powerful and has effectively weakened most internal checks on his power any attempt to explain Turkey's recent foreign policy outcomes will be seriously lacking without considering his leadership impact. The purpose of this study is to investigate Erdog. an's worldview and leadership style and evaluate their impact on his government's policy processes and outputs. To do that we employ the Leadership Trait Analysis technique to construct the leadership profile of Erdog. an through content analysis of his verbal records while in office. We contend here that our understanding of AKP-era Turkey is enhanced if we offer a systematic and rigorous account of Erdogan's personality and that he presents a clear example of the importance of taking individual-level variables seriously in foreign policy analysis.
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 - WoS: 3
Citation - Scopus: 2
Recent Industrial Policies in Japan
(Springer International Publishing, 2015) Akkemik, K. Ali
Traditional Japanese industrial policies have since the 1990s evolved towards knowledge-based industrial policies. In this chapter we first explain the salient features of both the traditional and knowledge-based industrial policies and compare them from the perspective of the role of the government. Knowledge-based industrial policies emphasize the role of the government as a facilitator and coordinator rather than a guide. Accordingly the policy instruments differ as well. The changing global economic environment in the era of the knowledge economy and the emergence of new regional rivals Korea and China also led to significant changes in policy design and corporate governance styles as well. On the other hand we argue that there is still an influence of the developmental state practices in policy-making. To present a full account of the recent industrial policies in Japan we present the recent changes in the policy-making process as well as the economic mindset with reference to the official documents on industrial policies. © Springer International Publishing Switzerland 2015.
Citation - WoS: 5
Citation - Scopus: 5
Heterogeneous Effects of Minimum Wage on Labor Market Outcomes: a Case Study From Turkey
(Walter de Gruyter, 2020) Işık, Enes; Orhangazi, Özgür; Tekgüç, Hasan
We assess the effects of a sharp minimum wage increase on wages, informality, and employment in Turkey, a large developing economy with one of the highest minimum wage-to-average wage ratios among OECD countries and widespread discrepancies between labor market outcomes of women and of men. We look at the quasi-experimental 2016 minimum wage increase and pay attention to identifying information coming from demographic groups. We find that the increase in the minimum wage had an economically substantial and statistically significant positive impact on wages. Despite the positive wage effects of the increase, we find no negative employment effects. However, we show that the minimum wage increase may have caused an increase in the share of informal employment among workers with less than tertiary education, especially for such workers working for small firms
Citation - WoS: 5
Citation - Scopus: 7
Ethnic Fractionalization Conflict and Educational Development in Turkey
(Pergamon-Elsevier Science Ltd, 2019) Oyvat, Cem; Tekgüç, Hasan
We examine the impact of ethnic fractionalization and conflict on limiting the educational development in Southeastern Turkey. Our estimates show that although the armed conflict in the region did not directly hinder education investments it reduced school enrolment rates at middle and high school levels while increasing enrolment at the primary school level. Moreover we show that provinces with higher percentages of Kurdish population received less education investment. These results suggest that the neglect of Kurdish areas is an important factor behind Southeastern Turkey's educational underdevelopment while land inequality and the armed conflict had mixed effects on education in the region.
Citation - WoS: 24
Citation - Scopus: 25
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 - WoS: 6
Citation - Scopus: 8
Does Migration Contribute To Women's Empowerment? Portrait of Urban Turkey and Istanbul
(Routledge Journals Taylor & Francis Ltd, 2019) Eryar, Değer; Tekgüç, Hasan; Toktaş, Şule
This article empirically investigates the impact of internal migration on women's empowerment in urban areas of Turkey. Based on data from a nationally representative household survey we find that migration exerts a positive impact in urban settings through improvements in educational attainment and labor market outcomes. Migration contributes to women's empowerment by raising their education levels and lowering the gap in schooling between men and women. Migration also allows migrants both men and women and particularly those with tertiary education to access jobs and occupations in high wage regions like Istanbul. However unlike in education a gender wage gap persists even after migration.
Citation - WoS: 8
Citation - Scopus: 9
Between Anchors and Aspirations: a New Family of Bargaining Solutions
(Springer, 2019) Karagözoğlu, Emin; Keskin, Kerim; Özcan-Tok, Elif
We study the salience and power of reference points in determining the effective anchors and aspirations in bargaining problems. Along this line we enrich the analysis of the standard bargaining model with two new parameters: the first parameter can be interpreted as the effectiveness (or salience) of the reference point in determining the anchor whereas the second parameter can be interpreted as its effectiveness in shaping agents' aspirations. Utilizing these parameters we provide a unifying framework for the study of bargaining problems with a reference point. The two-parameter family of bargaining solutions we obtain encompasses some well-known solutions as special cases. We offer multiple characterizations for each individual member of this family as well as two characterizations for the whole solution family in bilateral bargaining problems.
Citation - WoS: 88
Citation - Scopus: 87
The Role of Intangible Assets in Explaining the Investment-Profit Puzzle
(Oxford Univ Press, 2019) Orhangazi, Özgür
Starting around the early 2000s, and especially after the 2008 crisis, the rate of capital accumulation for US nonfinancial corporations has slowed down despite relatively high profitability; indicating a weakening of the link between profitability and investment. While the literature mostly focuses on financialisation and globalisation as the reasons behind this slowdown, I suggest adding another layer to these explanations and argue that, in conjunction with financialisation and globalisation, we need to pay attention to the increased use of intangible assets by nonfinancial corporations in the last two decades. Intangibles such as brand names, trademarks, patents and copyrights play a role in the widening of the profit-investment gap as the use of these assets enables firms to increase market power and profitability without necessarily generating a corresponding increase in fixed capital investment. After discussing the ways nonfinancial corporations use intangible assets, I look at large corporations in the USA and find the following: (i) The ratio of intangible assets to the capital stock increased in general. This increase is highest for firms in high-technology, healthcare, nondurables and telecommunications. (ii) Industries with higher intangible asset ratios have lower investment to profit ratios. (iii) Industries with higher intangible asset ratios have higher markups and profitability. (iv) The composition of the nonfinancial corporate sector has changed and the weight of high-technology and healthcare firms has increased; but this increase did not correspond to an equal increase in their investment share. The decline in the investment share of durables, nondurables and machinery is matched by an increase in the investment share of location-specific industries with low intangible asset use, most notably firms in energy extraction. In general, these firms have steadier markups and higher investment to profit ratios. (v)Yet, intangible-intensive industries' profitability has increased faster than their share of investment or total assets. All in all, these findings are in line with the suggestion that the increased use of intangible assets enables firms to have high profitability without a corresponding increase in investment.
Citation - WoS: 4
Citation - Scopus: 4
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 - WoS: 4
Citation - Scopus: 3
Perceived Happiness, Perceived Trust and Perceived Income Levels: the Case of the Reunified Germany
(Savez Ekonomista Vojvodine, 2019) Ucal, Meltem Şengün; Günay, Simge
This study explored the possible impact of perceived income on individual (perceived) happiness in Eastern and Western Germany in relation to perceived trust and four socio-economic variables, namely gender, age, marital status and employment status. To examine the relationship between these variables, a generalized ordered logit model was applied using the World Values Survey data. Bootstrapping and marginal effects were used to obtain a more robust model. The findings provided insights regarding the impact of perceived income and perceived trust on individual (perceived) happiness in both regions after reunification. Perceived income had a positive effect on all happiness categories in both regions. Perceived trust had a stronger positive impact on individual happiness than that of perceived income, although its significance varied across individual (perceived) happiness categories. Analysis of marginal effects revealed differences between the base models.
Citation - WoS: 3
Citation - Scopus: 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 - WoS: 7
Citation - Scopus: 9
Time-Varying Fairness Concerns Delay and Disagreement in Bargaining
(Elsevier Science, 2018) Karagozoglu, Emin; Keskin, Kerim
We study an alternating-offers bilateral bargaining game where players may derive disutility from accepting shares below what they deem as fair Moreover we assume that the values they attach to fairness (i.e. their sensitivity to violations of their fairness judgments) decrease over time as the deadline approaches. Our results offer a new explanation to delays and disagreements in dynamic negotiations. We show that even mutually compatible fairness judgments do not guarantee an immediate agreement. We partially characterize conditions for delay and disagreement and study the changes in the length of delay in response to changes in the model parameters. (C) 2018 Elsevier B.V. All rights reserved.
Citation - WoS: 21
Citation - Scopus: 21
A Dynamic Game Theory Model for Tourism Supply Chains
(Sage Publications, 2021) Keskin, Kerim; Ucal, Meltem Şengün
This article contributes to the game-theoretic analysis of tourism supply chains. We start with a baseline model including three types of agents: (a) one theme park, (b) multiple accommodation providers, and (c) multiple tour operators. We investigate the strategic dynamics (i.e., collaboration and competition) embedded in a market with two different tourism supply chains, and then we extend our model to an infinite-horizon repeated game arguing that agents would face the same decision problem in each week of every holiday season in each year. We show how agents in a tourism supply chain end up with higher profits in any given period of a repeated game compared with their profits in the static version of the game.
Citation - WoS: 31
Citation - Scopus: 36
Competition and Monopoly in the U.s. Economy: What Do the Industrial Concentration Data Show?
(Sage Publications, 2021) Davis, Leila; Orhangazi, Özgür
A recent series of academic studies, think-tank reports, and news articles shows widespread attention to rising industrial concentration and market power in the U.S. economy. In this paper, we focus on concentration in the U.S. nonfinancial corporate sector to make three contributions to the literature. First, we use examples from the debate on industrial concentration to show that there are often-divergent predictions in the theoretical literature surrounding the expected consequences of concentration and monopolization for nonfinancial firms. Second, we use industry-level concentration data to describe recent trends in average concentration. We show that, while concentration increases across the majority of industries after the late 1990s, the retail and information-services sectors are particularly key for understanding recent trends in average industrial concentration. Third, we link our industry-level analysis with firm-level data to describe the relationship between industrial concentration and nonfinancial corporations' profitability, markups, and investment. Consistent with the ambiguities in the theoretical literature, we find that these relationships are not uniform: while some highly concentrated industries confirm standard expectations with high markups, high profitability, and low investment rates, other highly concentrated industries earn lower-than-average markups and profits, suggesting that - in some industries - increased concentration and intensified competition may go hand in hand.
Citation - WoS: 14
Citation - Scopus: 15
Sabotage in Team Contests
(Springer, 2019) Dogan, Serhat; Keskin, Kerim; Saglam, Cagri
In the contest literature sabotage is defined as a deliberate and costly activity that damages the opponent's likelihood of winning the contest. Most of the existing results suggest that anticipating a possible sabotage contestants would be discouraged from exerting high efforts. In this paper we investigate the act of sabotage in a team contest wherein team members exert costly efforts as a contribution to their team's aggregate effort which in turn determines the contest's outcome. For the baseline model with no sabotage there exists a corner equilibrium implying a free-rider problem in each team. As for the model with sabotage our characterization of Nash equilibrium reveals two important results: (i) a unique interior equilibrium exists so that the free-rider problem no longer is a concern and (ii) the discouragement effect of sabotage vanishes for some players. On top of those conclusions we investigate the team owner's problems of prize allocation and team formation with the objective being to maximize his team's winning probability.
Citation - WoS: 16
Citation - Scopus: 16
Detecting Structural Changes Using Wavelets
(Academic Press Inc Elsevier Science, 2015) Yazgan, M. Ege; Ozkan, Harun
We propose a powerful wavelet method to identify structural breaks in the mean of a process. If there is a structural change in the mean the sum of the squared scaling coefficients absorbs more variation leading to unequal weights for the variances of the wavelet and scaling coefficients. We use this feature of wavelets to design a statistical test for changes in the mean of an independently distributed process. We establish the limiting null distribution of our test and demonstrate that our test has good empirical size and substantive power relative to the existing alternatives especially for multiple breaks. (C) 2014 Elsevier Inc. All rights reserved.
Citation - WoS: 3
Citation - Scopus: 3
Who Wants Left-Wing Policies? Economic Preferences and Political Cleavages in Turkey
(Routledge Journals, Taylor & Francis Ltd, 2020) Yagcı, Alper H.; Harma, Mehmet; Tekgüç, Hasan
We administer a survey of economic policy preferences to a representative sample of the Turkish voting-age population. We show that policy preferences are distributed in non-linear ways that are at odds with what could be expected from a conventional left-right division. We find that while objective socioeconomic differences are bad at predicting economic policy preferences, the latter are distinctly associated with politically salient cleavages built on religiosity and ethnicity. We also examine how preferences of each party's voters compare with party programmes.
Citation - WoS: 4
Citation - Scopus: 4
A Mechanism Design Approach To Allocating Central Government Funds Among Regional Development Agencies
(Springer, 2014) Kıbrıs, Özgür; Tapkı, İpek Gürsel
To allocate central government funds among regional development agencies we look for mechanisms that satisfy three important criteria: efficiency (individual and coalitional) strategy proofness (a.k.a. dominant strategy incentive compatibility) and fairness. We show that only a uniform mechanism satisfies all three. We also show that all efficient and strategy proof mechanisms must function by assigning budget sets to the agencies and letting them freely choose their optimal bundle. In choosing these budget sets the agencies' private information has to be taken into account in a particular way. The only way to additionally satisfy a weak fairness requirement (regions with identical preferences should be treated equally) is to assign all agencies the same budget set as does the uniform mechanism. Finally and maybe more importantly we show that the central government should not impose constraints on how much to fund an activity (e.g. by reserving some funds only for a particular activity): otherwise there are no efficient strategy proof and fair mechanisms no matter how small these constraints are.

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Browsing Scopus İndeksli Yayınlar Koleksiyonu by Department "Fakülteler, İktisadi, İdari ve Sosyal Bilimler Fakültesi, Ekonomi Bölümü"