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...

Empirical studies on tourism field for Turkey have illustrated little attention in modelling properly the demand function for tourism and identifying the main basis of tourism flows. The majority of studies take into consideration the demand side determinants of tourism, usually proxies by...

In this paper, we examine the issue of volatility for both official and black market exchange rates of the Turkish lira using the monthly exchange rate against the US dollar for the period 1969-1998. The main findings are: 1) conditional shocks have a positive effect on exchange rate volatility;...

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...

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...