Recent financial crises and especially large corporate bankruptcies, have led bank managements and financial authorities to follow and monitor both financial and real sector risks, and to focus on firm failures. Bank of International Settlements, has therefore, taken the decision to include the...

In spite of the analysis of sophisticated developments and their effects in the agricultural sector, measuring composite index of agricultural development depending upon main statistical indicators in the determination of the level of agricultural sector developments is one of the important...

This article analyses statistical reasoning of Spain’s Euro 2008 success. It argues that Spain success is related to its high level of domestic competition. This line argument was also supported with the examples from previous Euro football tournaments.

Accession negotiations between Turkey and the EU have been opened and the screening process has been underway since October 2005. No doubt that one of the most important and potentially troublesome chapters will be agriculture throughout the process of negotiations. Agricultural negotiations...

In spite of the analysis of sophisticated developments and their effects in the agricultural sector, measuring composite index of agricultural development depending upon main statistical indicators in the determination of the level of agricultural sector developments is one of the important...

In this empirical paper, the long-run relations between growth and unemployment in Turkey has been tested. ARDL bound test which is a long-term co-integration test has been used based on Turkish real gross domestic product and the number of unemployed time series in 1962-2014. The results of...

The aim of this study is to investigate the validity of McKinnon’s complementarity hypothesis that puts forward by McKinnon (1993) and Shaw (1973) for Turkish economy. In the analysis the method of Dynamic Ordinary Least Squares (DOLS) that developed by Stock and Watson (1993) and the...

The New Classical theorem asserts that (a) the individuals with rational expectations do not change their consumption levels unless the expected permanent income changes, and, (b), thusly, tax and/or debt policies are not significant on consumption decisions of the individuals, at least in the...

In this study, we examine if there is a linkage between the budget deficit (BD) and current account deficit (CAP). Traditional theory asserts that the BD leads to CAD, given that government expenditures are fixed. As disposable income increases due to BD (i.e., due to tax-cuts given that there...

This paper observes if budget deficit has significant impact on interest rates, exchange rates, and, price level through (a) theoretical discussions, and, (b) relevant statistical estimations by regression models and Granger causality models. The paper (i) reaches the regression output depicting...