ABSTRACT Today, the Southeastern and Eastern (SE&E) parts of Turkey are facing many problems. The clear difference in economic development between the Western and Eastern parts of Turkey has dropped the Eastern part into deep crises. Many have debated these crises and postulated different...

Cyprus Problem is being discussed from a different perspective since the application of South Cyprus for full membership to the European Union. Today the problem came to a turning point where the efforts for solving the problem would end up at a point where the division of the island becomes...

The Turkish economy has experienced high and persistent inflation rates in the last two decades. This inflation has persisted despite many unsuccessful stabilization policies, which have caused volatility in macro-economic indicators. The main aim of this paper is to analyze the impact of...

Environmental Kuznets curve (EKC) is a statistical tool to examine the cointegration and causality nexus between economic growth and carbon emissions. The EKC is widely used in energy and environmental economics studies. Although, a large number of researchers have analyzed the EKC by applying...

This paper examines the effects of exchange rate volatility on the export of Turkey in the context of cointegration model over the monthly period of 1989:01-2002:08. The major results show that increases in the volatility of the real exchange rate, approximating exchange-rate uncertainty, exert...

Turkey is the only pluralist secular democracy in the Moslem world and has always targeted herself as being part of the western world and values. Turkey started to establish close economic relations with Europe by the 1963 Ankara Agreement. By 1995, Turkey abolished most of the barriers in her...

The World Bank (WB) was found in accordance with the Bretton Woods agreement in 1944 with the mission of assisting post war reconstruction and alleviating poverty. The WB is an international institution that aims to expand development through the allocation of loans in developing countries with...

The financial development-environmental degradation nexus is revisited by incorporating economic growth, electricity consumption and economic globalization into the CO2 emissions function. The study period spans 1975QI-2014QIV in the United Arab Emirates. We have applied structural break and...

Education in every sense is one of the fundamental factors of development. No country can achieve sustainable economic development without substantial investment in human capital. Education enriches people’s understanding of themselves and world. It improves the quality of their lives and...

This paper examines the stationarity of real GDP per capita for 27 OECD countries during the period 1950 to 2004. Using ADF unit root test on single time series, it is found that real GDP per capita series of most OECD countries have unit root. This outcome, however, might be due to the...