This study analyzes oil price exposure of the oil-gas sector stock returns for the fragile five countries based on a multi-factor asset pricing model using daily data from 29 May 1996 to 27 January 2020. The endogenous structural break test suggests the presence of serious parameter...

Bu çalışmada Türkiye’de 1988: I 2005: IV dönemleri arasında reel para talebi ile reel gelir ve faiz oranı arasındaki ilişkinin istikrarlılığı çeyreklik veriler kullanılarak incelenmiştir. Geleneksel istikrarlılık testlerine göre para talebi özellikle kriz dönemlerinde...

Turkish consumer survey data is used to analyze the main factors that affect consumers' choice of different mobile telecommunications networks. The analysis shows that consumers' choice is significantly affected by the choices of other consumers with whom the consumer is more likely to interact....

Purpose – Using data from Turkey, this paper seeks to investigate whether relative price changes can help to explain the Phillips Curve relationship between inflation and output. Design/methodology/approach – Building on work by Ball and Mankiw, the paper includes measures of the variance...

This paper investigates the existence of oil pass-through to inflation for Turkey covering the period February 1996-May 2007. Oil price-augmented Phillips curves are estimated with linear and Markov regime-switching models. Markov regime-switching models reveal the asymmetric structure of oil...

Bu çalışmada Türkiye'de daraltıcı devalüasyon hipotezinin geçerliliği Bernanke (1986) tarafından geliştirilen yapısal VAR modeli yardımı ile ampirik olarak analiz edilmiştir. Çalışmada kullanılan model geleneksel görüşün aksine devalüasyonun daraltıcı etkilerinin...

This article examines the relationship between crude oil and fuel prices in Turkey by using monthly data covering the period January 1987 and October 2013. Asymmetric cointegration tests and regime-dependent responses and variance decompositions derived from the TVAR models confirm the asymmetry...

<title>Abstract</title> This paper analyses inflation forecasting power of artificial neural networks with alternative univariate time series models for Turkey. The forecasting accuracy of the models is compared in terms of both static and dynamic forecasts for the period between 1982:1 and 2009:12. We find...

<title>Abstract</title>This paper aims to evaluate the performance of foreign affiliated and domestic firms in Turkish manufacturing subsectors covering the period 1992 and 2001. Due to the heterogeneity between domestic and foreign affiliated firms in terms of technology level, we construct a meta-frontier...

Turkish consumer survey data is used to analyze the main factors that affect consumers' choice of different mobile telecommunications networks. The analysis shows that consumers' choice is significantly affected by the choices of other consumers with whom the consumer is more likely to interact....