This paper examines the causal relationship between energy consumption and economic growth for Turkey during 1971–2006. We employed two multivariate models, namely demand model and production model, based on vector error correction model. Then, we tested Granger causality after finding...

Bu çalışmada, 17 ülkenin bütçe açıklarının sürdürülebilirliği dönemlerarası bütçe kısıtı yaklaşımı altında incelenmiştir. Johansen-Juselius eşbütünleşme yöntemi kullanılarak gelir ve faiz ödemelerini içeren gider arasındaki uzun dönemli ilişki test...

Uluslararası sermaye serbestliğinin derecesini test etmek için yatırım ve tasarruf arasındaki ilişki literatürde sıkça incelenmiştir. Yapılan çalışmalarda yatırım ve tasarruf arasında yüksek korelasyon bulunması sermayenin serbest olmadığını destekleyen bir delil olarak...

This paper aims to investigate the empirically the impact of FDI on economic growth of Georgia over the period of 1997-2010. The Engle-Granger cointegration and Granger causality tests are used in order to analyse the causal relationship between FDI and economic growth. It is crucial to see the...

This paper re-examines the Purchasing Power Parity (PPP) hypothesis in which the endogenously determined break points are incorporated in thirteen major Middle East and Northern Africa (MENA) countries by using official and black market exchange rates data over 1970-1998. We utilize Lagrange...

This paper aims to investigate empirically the impact of FDI on economic growth for Azerbaijan, Kyrgyz Republic, Kazakhstan, Tajikistan, Turkmenistan, and Uzbekistan over the period 1997-2010. The Johansen cointegration and Granger causality tests are used in order to analyze the causal...

This research aims to investigate the relationship between energy consumption and economic growth in Georgia, Azerbaijan and Armenia during the period of 1995–2009. The Engle- Granger cointegration and Granger causality tests are used in order to analyse the causal relationship between energy...

Intergovernmental grants are the main revenue source of local governments. In the fiscal decentralization literature it has been argued that fiscal disparities across the regions are accounted for in the central-government grant distribution. However, some argue that grants are given to...

The collusion hypothesis in the Structure-Conduct-Performance (SCP) approach assumes a negative relationship between concentration and competition. The efficient structure hypothesis asserts a positive relationship between efficiency and competition. Both of these traditional approaches to...