This study attempts to predict energy intensities of world's regions, the world gross domestic product per capita and the world energy price via developing VAR (2) model. Whether causalities exist between groups of variables are tested by proceeding Granger Wald Test to structure a VAR model...

This study outlines, with a review of earlier studies, the effects of international tourism by showing developments in tourism-related economic parameters and discusses the implications of such tourism on the economy of Turkey. It asks how far international tourism contributes to the economic...

This study attempts to develop new market efficiency tests depending on the spot and future prices, or the differences of them alternative to traditional unit root test build on univariate time series. As a result of the autocorrelation, normality and run tests applied to spot and futures prices...

This study attempts to predict energy intensities of world's regions, the world gross domestic product per capita and the world energy price via developing VAR (2) model. Whether causalities exist between groups of variables are tested by proceeding Granger Wald Test to structure a VAR model...

This study explains and tests structural break of Turkey’s relative trade with the European Union countries for the period of 1982-2007. As a result, the data indicated the evidence of structural break and alternating elasticities’ signs in estimations based upon error component model. After...

Turkey has been highly dependable on foreign production goods for Its domestic production since 1980. This necessitates estimation of income, relative import price, exchange rate and term of trade elasticities of investment and intermediate goods import demand to manage trade deficit. Assuming...

This study outlines, with a review of earlier studies, the effects of international tourism by showing developments in tourism-related economic parameters and discusses the implications of such tourism on the economy of Turkey. It asks how far international tourism contributes to the economic...

The purpose of this study is to analyze export and import shares of main products of CEE countries with Turkey before their membership to EU and then, starting from the year of 2000. After accession to EU, these countries’ export and import shares mostly increased with Turkey and EU, implying...

This study aims to show the direction of causalities between imported production goods (investment and intermediate) and foreign exchange rate, export, and gross national product, between export and gross national product (GNP) during import substitution and export oriented industrialization...