Ortadoğu, hem dinlerin kesişme noktası olması hem de petrol zenginliği nedeniyle yıllar boyunca egemenlik mücadelelerine sahne olmuş ve bu nedenle de istikrarsızlaşmış bir bölgedir. Petrolün 20.yüzyılda enerji kaynağı olarak kömürün yerini alması nedeniyle, bölge tüm...

This paper re-examines the empirical validity of the hysteresis hypothesis in unemployment rates in terms of education level in 17 OECD countries. To this end for unbalanced panel, we employ Pesaran’s Cross Sectional Dependence (CD) and Cross-Sectionally Augmented ADF (CADF) tests. Our...

Oligopolistik yapıdaki yerel endüstriler, uluslar arası rekabetle karsılastığında daha rekabetçi davranmaya zorlanır. Bu süreç ise fiyat-maliyet marjlarının düsmesine ve çıktı seviyesinin artmasına neden olarak, yerel firmaların piyasa gücünü azaltacaktır. Bu makalede, iki...

The results of empirical studies on the 1980 Turkish economic reform programme frequently suggest that openness has a positive impact on growth in Turkey. However, the results of empirical literature on the relationship between openness and growth have always been under criticism for using...

The existing empirical literature on the intensity of competition in developing countries shows that the persistence of profitability is smaller in developing than in advanced economies. To solve this controversy, Glen, Lee and Singh (2003) propose to look into the underlying sources of the...

Economic integration theory suggests that each member benefits from establishing a customs union; because the country that has relatively lower income will grow faster than the others, income and growth rates of all member countries will be equalised in the long-run. However, endogenous growth...

This paper re-examines the empirical validity of the hysteresis hypothesis in unemployment rates in terms of education level in Turkey with minimum Lagrange Multiplier (LM) unit root methodology. Our empirical findings indicate that the time series properties of high and vocational high school...

This study makes an attempt to examine the long run relationship between the official and black market exchange rates using monthly data for a sample of 13 Middle East and Northern African (MENA) countries from 1970 to 1998. Using the Pool Mean Group framework, the article provides evidence on...

Using data on per capita income among 67 provinces in Turkey over the period 1975--2001, regional stochastic convergence is evaluated. This study employees the LM unit root test to endogenously determine the number and location of structural breaks for each province. On the contrary, convergence...

The purchasing power parity (PPP) has been amongst the most tested theories in the international finance literature. The empirical findings from the extant literature for the PPP hypothesis are mixed. This article applies univariate and panel Lagrange Multiplier (LM) unit root tests with one and...