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...

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...

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...

Volatility in financial markets urges importance of risk management with respect to investors and especially firms. Information and interaction between spot and futures markets plays an important role on formation of market prices. In this study, causality and information flows are examined on...

In this study, we examine whether the efficient market hypothesis is valid in the Istanbul Stock Exchange (ISE) via parametric and semi parametric long memory models. In order to determine the presence of weak form efficient market hypothesis, we consider 10 sector indices. Semi parametric and...

The aim of this paper is to examine validity of the efficient market hypothesis in Borsa İstanbul. Daily returns series are calculated by using daily closing price for BİST100 and BİST30 indices for periods of 1988-2014 and the presence of long memory on the volatility of the returns series...

This paper considers the forecast accuracies of VAR and ARIMA models. The paper, hence, employs monthly Turkish CPI, Exchange Rate and Interest rate variables for the period 1994:1-200:07, and, observes the ex-post forecast values of the relevant variables. To this end, paper first determines...

In this study, corn farms in Çukurova Region were analyzed based on crop questionnaires obtained from 148 farms. Input costs and gross margins per hectare were calculated for both primary and second crop corn grown in the region. A “Translog Cost Function” was fitted to the data in order to...

Spatial price differentials for selected fresh fruits and vegetables, among six cities of Turkey, namely, Adana, Mersin, Antalya, important production centers, and İstanbul, Ankara and İzmir, main consumption centers, were investigated. The relations among retail prices of different cities...