This paper presents an empirical analysis of Wagner’s law in the case of Turkey over the period 1960–2000. The paper uses modern time-series econometric techniques to test the law’s proposition that in the course of economic development, government expenditures increase. The results of this...

Purpose: The purpose of this paper is to empirically test the validity of the productivity bias hypothesis (PBH) in 18 Middle East countries. Design/methodology/approach: The paper employs autoregressive-distributed lag approach to cointegration approach and stability tests. Findings: The...

This article seeks an empirical evidence for the existence of the J-curve phenomenon both in the short-run and long-run for Turkey over the period 1980-2005. The bounds testing cointegration approach is employed to estimate the trade balance model. An augmented form of Granger causality analysis...

This paper empirically analyses the stability of the narrow money demand function (M1) in Turkey for the period 1950–2002. As part of the IMF sponsored stabilisation programme, Turkey has been pursuing base money targets. To ascertain whether this policy framework satisfies the necessary...

This study focuses on estimating an economic discounting rate (EDR) to be used in project appraisals by the State Planning Organisation (SPO) of Turkey. The EDR is a policy tool used for selecting the best projects to meet the economic targets of development plans and to enable planners to...

This study focuses on estimating an economic discounting rate (EDR) to be used in project appraisals by the State Planning Organisation (SPO) of Turkey. The EDR is a policy tool used for selecting the best projects to meet the economic targets of development plans and to enable planners to...

This study attempts to examine empirically dynamic causal relationships between aggregate output, energy consumption, exports, capital and labour in the case of Turkey using the time series data for the period 1968–2008. This research tests the interrelationships between the variables using...

Social discount rate (SDR) is a very crucial policy parameter in public project appraisals due to its resource allocation impacts. If this rate is too high, future generations will face excess financial burden since distant cash flows will become negligible. If this rate is too low, ineffective...

This paper provides further evidence on the hypothesis of the natural rate of suicide using the time series data for 15 OECD countries over the period 1970–2004. This hypothesis suggests that the suicide rate of a society could never be zero even if both the economic and the social conditions...