Even though potential impacts of political and legal environments of business on ethical behavior of firms (EBOF) have been conceptually recognized, not much evidence (i.e., empirical work) has been produced to clarify their role. In this paper, using Bayesian causal maps (BCMs) methodology,...

Turkey has been implementing tight fiscal and monetary policies for years. These policies rely on the basic understanding that savings trigger growth and investments. However there are alternative theoretical discussions and empirical findings related to the interaction among these variables. In...

This paper discusses the impact of foreign savings on aggregate spending categories in Turkey. Using the vector autoregressive (VAR) models the major finding is that foreign savings has an increasing effect on consumption. The increase of investment arises from the accelerator effect of...

Managing inventory in a multi-echelon supply chain is considerably more difficult than managing it in a single-echelon one. A strategy that optimizes inventory one echelon at a time results in excess inventory without necessarily improving service to customer. In this paper, a methodology for...