İktisadi ve İdari Bilimler Fakültesi / Faculty of Economics and Administrative Sciences
Permanent URI for this collectionhttps://hdl.handle.net/11727/1399
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Item Navigating the Storm: The Impact of Covid-19 on Turkish Exports(2023) Koymen Ozer, Seda; Maggioni, DanielaThe Covid-19 pandemic had a significant impact on global exports. The outbreak of the virus disrupted supply chains and caused a sharp decrease in demand for goods and services, which resulted in a decline in manufactured exports worldwide. In this study, we investigate the effect of Covid-19 on Turkish manufacturing exports by using a firm-product level dataset at monthly frequency over 2019-2021. In particular, we aim to understand the heterogeneous impact of the pandemic on different types of products in terms of their substitutability, complexity and factor intensity. We also disentangle the diversified repercussions of the shock by taking into consideration the participation of firms in GVCs. Our results suggest that the Covid-19 pandemic has led to a drop in Turkish firms' exports especially in the first 6-months of 2020 and their recovery has only became apparent in the second half of 2021. Also, firms exporting less substitutable, more complex and sophisticated goods, as well as goods with higher-physical and human-capital intensity have experienced a milder drop in their exports after the shock and have recovered faster. Moreover, exporting firms that are more involved in GVCs by sourcing their intermediates abroad have been less resilient as they were more exposed to the risk of supply chain disruptions. This higher risk exposition should be assessed together with their lower resilience associated with the properties of their output (less sophisticated, low human capital intensive and highly substitutable products).Item Return and Volatility Connectedness in Electronic Warehouse Receipt Market of Turkey(2023) Acikgoz, Turker; 0000-0002-5613-1929; IYJ-0960-2023Over the course of the last century, globalization and integration have increased significantly around the world. The rise in economic and financial globalization and integration has increased the connectedness between national economies and financial markets and secured an important place in the systemic risk spillover. It is important to analyze the issue in terms of different markets. Food prices around the world have increased significantly over the last 20 years. The price and volatility increase associated with food products lead to important socioeconomic and social problems. In this context, it will be important for decision-makers to assess the issue from the perspective of financial markets and to understand and reveal the dynamic structure of food commodity markets. This study aims to examine the connectedness of return and volatility in the Electronic Warehouse Receipt (EWR) market, where agricultural commodities are traded in Turkey, and to analyze its dynamic structure that changes over time. In this study, the Diebold-Yilmaz connectedness measurement method based on the forecast error variance decomposition after the VAR (p) model was used to analyze the connectedness between financial assets. According to the results of the static analysis performed, it was observed that while the return connectedness in the EWR market is very low, the volatility connectedness is at a higher level than the return connectedness. Based on the results of the dynamic analysis, no trend was observed in return connectedness; however, rapid increases and decreases were observed for certain periods. On the other hand, while an increasing trend was observed in the dynamic analysis of volatility connectedness, sudden increases and decreases were observed during periods of crisis. Of all agricultural commodities, it was observed that barley was the asset that sent the most net shock into the system. The EWR market in Turkey has come up recently. The market's structure, dynamics, and synchronization with other markets are still at a low level. The spillover effect of return and volatility shocks in the market are also low. The findings of this study can be used by producers, financial market participants and various decision makers for risk management, hedging and profit maximization purposes.Item Malmquist Index Evaluation of Countries: 2000-2019(2023) Farnoudkia, HajarOne of the sophisticated mathematical techniques for evaluating the relative efficiency of decision-making units (DMUs) in a multi-inputs-output setting is data envelopment analysis. A non-parametric productivity index called the Malmquist index (MI) tracks changes in a DMU's overall factor output over time. This study seeks to present a broad overview of the changes in the MI for nearly all of the world's nations over 19 years beginning in 3061. This research evaluates a time series data set made up of 16 economic indexes. Each nation's MI, which compares 2000 and 2019, shows how each nation has changed over that period. One of the most important purposes of this study comparing the countries by their MI is that it allows for a fair comparison of productivity across different time periods and regions. It also provides insights into the sources of productivity growth, such as changes in technology or improvements in efficiency. As a result, the countries can allocate resources more wisely and develop more effective investment plans by understanding the elements that lead to productivity increase. By implementing some statistical techniques, nations are further divided into four categories based on their MI. Furthermore, a yearly distribution of the MI has been included to illustrate its trends between the years 2000 to 2019. Finally, the changing flow for some countries of each category is shown in three-year tracks.Item Disasters As An Ideological Strategy For Governing Neoliberal Urban Transformation in Turkey: Insights from Izmir/Kadifekale(2014) Saracoglu, Cenk; https://orcid.org/0000-0002-4797-4879; 24325244; AAJ-4574-2020Since the turn of the twenty-first century, Turkish cities have undergone large-scale change through a process referred to as urban transformation, involving, notably, the demolition of inner-city low-income settlements. The official authorities and business circles have resorted to various forms of discourse to justify these projects, which have led to the deportation of a significant number of people to peripheral areas. The discourse of natural disasters', for example, suggests that urban transformation is necessary to protect people from some pending event. Probably the most effective application of this discourse has occurred in Izmir, where the risk posed by landslides' has played a critical role in the settlement demolitions conducted in the huge inner-city neighbourhood of Kadifekale. By examining the case of Kadifekale, this paper provide some insights into how natural disasters' serve as a discourse with which to legitimise the neoliberal logic entrenched in the urban transformation process in Turkey.Item Impacts of the First World War on Africa and Colonialism(2014) Erol, Mehmet Seyfettin; Bingol, Oktay; https://orcid.org/0000-0002-4794-5656; AAA-5129-2020The impacts of the First World War on Africa and the colonialism in Africa are a subject which is not sufficiently studied in the disciplines of political and military history, political science, and international relations. In this article, it is aimed to partially fill the gap in question. In this context, the conduct of the First World War battles in Africa and their effects on the Continent have an importance. In addition, the exploitation of human and other resources of the Africa by the colonial powers, especially Britain and France, in the battles fought in European fronts is an issue to focus on. In this respect, the colonial recruitment practices, the resistance of indigenous peoples, the employment of Africans in the battles and the casualty rates are noteworthy. The war's contribution to the national liberation struggles and the changes emerged in the colonialism fact also need to be emphasized. The First World War has had significant negative effects on Africa in the economic, social and military fields. German colonies changed hands between the victors of the First World War and colonialism with all the violence has continued. But the war gave the first spark of the national liberation movements in Africa.Item Do Exports Explain Industrial Agglomeration and Regional Disparities in Turkey?(2014) Akkemik, K. Ali; Goksal, Koray; https://orcid.org/0000-0002-5461-4759; J-6093-2014; JJF-7910-2023Along with an increasing integration with global goods and services markets, regional centres of industrial development have emerged in Turkey. Global linkages may play an important role in regional disparities in a developing country like Turkey through the determination of the locations of industries. This paper examines to what extent global linkages, operationalised by export performance, impact on agglomeration economies and regional disparities in industrial production and industrial employment in Turkey. To this end, using province-level industrial data, panel regressions are run to analyse the determinants of disparities and agglomeration in terms of industrial value added and employment by adding the size of exports as an explanatory variable. Copyright (c) 2011 John Wiley & Sons, Ltd.Item A Model of A Heterodox Exchange Rate Based Stabilization(2015) Aytac, OzlemThis paper attempts to explain the ERBS syndrome in Turkey by appeal to weak credibility cum sticky prices. By developing a model specifically for the 2000-2001 heterodox ERBS program in Turkey, I also depart from the existing literature which has focused almost exclusively in Latin America. What I aimed in this model is to generate the macroeconomic dynamics observed after the implementation of the program in Turkey. In order to assess the model's quantitative performance; it is calibrated by using data restrictions mainly from the Turkish economy. In addition to replicate the general qualitative effects of a currency peg, the model can successfully account quantitatively for the responses of consumption and current account balance and real exchange rate observed in Turkey. The closeness of the predicted consumption boom in the model and the actual boom in Turkey is particularly remarkable: 10.08% predicted increase in total consumption spending vs. 9.6% actual. And 37.06% predicted increase in durables spending vs. 39.5% actual. Overall, results indicate that sticky price model can explain the ERBS syndrome in Turkey to a great extend under the assumption that disinflation program is perceived by the public as non-credible. (c) 2014 Elsevier B.V. All rights reserved.Item The Role of Big Five Personality on Predicting the Resilience: A Canonical Relation Analysis(2015) Cetin, Fatih; Yeloglu, Hakki Okan; Basim, H. Nejat; 0000-0002-2487-9553; ABD-9381-2021; J-8116-2015; L-1624-2017Resilience is an ability to bounce back from adversities, setbacks or difficulties in face of stressful life events. The main purpose of this study was to analyze the role of big five personality in predicting the resilience and to determine the most influent dimensions of resilience in this process. Data were gathered from 286 university students with using survey method. The instruments were Resilience Scale and Big Five Personality Scale. Results of the canonical correlation analysis showed that extroversion, agreeableness, conscientiousness and openness to experience are positively, and neuroticism is negatively related to the resilience. Furthermore, it was determined that perception of self, social resources and social competence sub-dimensions of the resilience, and extroversion and consciousness sub-dimensions of the personality distinguished in predicting the resilience and personality respectively. Ultimately all results proposed that big five personality explain significant variance in resilience structure. The results were discussed in the light of the literature.Item Psychic Distance Between Turkey and Central Asian Turkish Republics(2014) Sumer, Selay Ilgaz; Uner, M. MithatPsychic distance has an important role in selecting the country markets and determining the suitable strategies for these markets. This study was conducted to examine the import and export activities between Turkey and Central Asian Turkish Republics and to undertand the psychic distance between these countries and Turkey. As a result of the investigation it was found that Azerbaijan is the closest and Turkmenistan is the farthest country to Turkey. It is believed that the study will contribute to the literature of the Turkish World by examining the commercial activities between Turkey and related countries from the perspective of psychic distance.Item Nation-State Building in Kyrgyzstan and Transition to the Parliamentary System(2014) Aydingun, Ismail; Aydingun, Aysegul; AAD-5945-2020This article explores the post-Soviet political transformations experienced in Kyrgyzstan and argues that there are structural reasons for the political instability, which places obstacles to nation and state building. The fragility of the political situation is explained with reference to the 1990 and 2010 Osh riots as well as to the popular revolts of 2005 and 2010. In addition, the political and legal reforms of the post-Soviet period are evaluated. Structural reasons for the political instability, the recent transition to parliamentary system and the future of parliamentary democracy are discussed in the light of domestic and global dynamics and the socio-political history of the country.