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Copyright of Gazi Journal of Economics & Business is the property of Gazi Journal of Economics & Business and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Ekonomik Yaklaşim is the property of Ekonomik Yaklasim Dernegi (Ekonomik Yaklasim Association) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Efil Journal of Economic Research / Efil Ekonomi Araştırmaları Dergisi is the property of Efil Journal of Economic Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Sabri Fehmi Ülgener and Ahmed Güner Sayar are two of the most eminent figures to be recognized through their economic and cultural studies in modern Turkish thought. They have generated remarkable ideas about relative economic underdevelopment in Ottoman-Turkish society, controversial economic policies within capitalism, and the existence of two principal veins in the methodology of economics. This paper aims to ascertain Ülgener and Sayar's approaches toward the different dimensions of economics and to review the points upon which they agree and disagree in this regard. On the problem of economic underdevelopment, they can be said to generally focus on cultural elements and to have asserted the essence of Sufism to be distorted. They can also be said to have not fallen into any sharp differences over capitalism's liberal or interventionist policies. On the methodology of economics, they agreed about the need to have an a posteriori character within the scope of the explanatory nature of economic theories. Additionally, they focused on the sociology of economics using the verstehen [German: to understand] method to comprehend human typology in economics through its various aspects. The research findings indicate these two men to have been the architects of an original line in Turkish economic thought by showing consensus on principles and method, despite disagreements on the details. [ABSTRACT FROM AUTHOR]

Although monetary and fiscal policies are discussed in different economic approaches, the main discussion is focused on fiscal policy. Because while the central bank leads the monetary policy independently with its own policy goals and tools, the government leads the fiscal policy via budget as a basic tool of the economic policy. In this study, we analyze the relationship between economic growth and fiscal impulse which is used to measure changes in public budget impacts by using the panel data analysis with fixed effects in 33 OECD countries. We use the International Monetary Fund and World Bank data. According to the results; the expansionary effect of fiscal policies has no effect on economic growth between the period of 2011 – 2017.

There are quite different views on the direction and magnitude of the causal relationship between public expenditures and economic growth. According to classical economics, expansionary fiscal policies negatively affect economic growth, but Keynesian economics adopts that public expenditures will increase income through the multiplier mechanism. On the other hand, the Ricardian Equivalence Hypothesis argues that the increase in public expenditures will not affect economic growth. The Wagner Hypothesis assumes a relationship from economic growth to public expenditures. The relationship between these variables are very important in terms of determining the macroeconomic policies. This study examines the causality relationship between public expenditures and economic growth with the Hatemi-J (2011;2012) asymmetric causality test for the G7 countries based on the data from the period of 1950-2011. According to the findings, while there is a causality relationship from public expenditures to economic growth in Germany, United Kingdom, Italy, Japan, and Canada. There is a causal relationship from economic growth to public expenditures in Japan and U.S. There is no causal relationship between these variables in France. [ABSTRACT FROM AUTHOR]

This study aimed to examine macroeconomic determinants of domestic private saving behavior in Turkey for the period 2004-2018. For this purpose as the econometric method, Johansen cointegration test and full modified ordinary least squares estimation methods along with the vector error correction model estimation Granger Causality test methods were used. Both the full modified ordinary least squares estimation results showed that the real gross domestic product (GDP), private consumption expenditures, inflation rate and real interest rate are macroeconomic determinants of domestic private saving behavior. The findings showed that the real gross domestic product (GSYİH), inflation rate and real interest rate positively affect domestic private saving behavior. Private consumption expenditures affect negatively. These results support both savings of the theory of classical economics and the theory of savings of Keynesian economics in Turkey. [ABSTRACT FROM AUTHOR]

Inflation, which is an essential element of price stability, is an important research area in terms of macroeconomic studies. The concept of inflation persistence, which emerged as a result of the theoretical contributions of the New Keynesian economics, refers to how long it takes for the inflation rate to converge to the long-run equilibrium value after deviations in response to an economic shock, rather than maintaining inflation at a stable level. In this context, the concept also provides information about whether the economic shocks are permanent or not. Our study aims to empirically analyze the inflation persistence with a long memory model. In this context, by using the data between the periods 2006: 01 - 2018: 03 for the 6 countries surrounding the Black Sea, the degree of integration in the inflation series and whether these series have long memory properties or not are tested by using a semi-parametric GPH method. The findings indicate that inflation rates in these countries have long memory properties. In this context, it is concluded that the inflation series in these countries are highly persistent. [ABSTRACT FROM AUTHOR]

Copyright of Optimum: Journal of Economics & Management Sciences / Ekonomi ve Yönetim Bilimleri Dergisi is the property of Optimum: Journal of Economics & Management Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Aksaray University Faculty of Economics & Administrative Sciences / Aksaray Üniversitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi is the property of Aksaray University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Conservative Thought / Muhafazakar Düşünce is the property of Muhafazakar Dusunce Dergisi and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The automatic full-employment equilibrium conclusion of the early Classical economists is the main reason of conflict between Keynes and Keynesian economists and the Classicals. In this article we will firstly focus on the Classical System and the Keynesian System to have a better understanding of the Neo-Classical System. We will then cover the Pigou Effect and the Neo-Classical Synthesis which represents itself as a compromise between the Classical and Keynesian conclusions in terms of reaching the full-employment equilibrium. We'll them discuss the compatibilities of these systems. [ABSTRACT FROM AUTHOR]

The focus of this article is the economic regime, which defines the boundaries for economic policy, along with the economic systems, views and models that are presented, as well as actual events and developments in relation with the economic regime. Basically the article has been limited to developed countries and problems of the developing countries, economics regime and model discussions for these countries will not be addressed to aviod expanding the article. However the articles that will be written will find its origin in this article which addresses the developed economies. [ABSTRACT FROM AUTHOR]

Copyright of Journal of the Faculty of Economics / İktisat Fakültesi Mecmuası is the property of Istanbul University, Faculty of Economics and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of International Journal of Economic & Social Research is the property of Abant Izzet Baysal University, Faculty of Economics & Administrative Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of the Faculty of Economics / İktisat Fakültesi Mecmuası is the property of Istanbul University, Faculty of Economics and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Academic Review of Economics & Administrative Sciences is the property of Academic Review of Economics & Administrative Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of the Cukurova University Institute of Social Sciences is the property of Cukurova University Institute of Social Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

In terms of implementation and provision of success of economic policies, it is an important issue that the resulting shocks in macro variables caused from a variety of reasons are temporary or permanent. The comprehension that increases policy makers' credibility and also mediates the formation of expectations management on economic units causes a more stable economic process when this comprehension perceives the response rate given to the shocks in macro variables. This study searches the persistence of inflation for 11 EU countries and Turkey reaches the following evidence; for Germany, Italy and Portugal, an inflation existing after a shock converges fast to its own average value, the inflation series related to these countries is stationary and inflation persistence has remained at a low-level for these countries. When the Lucas criticism is considered, inflation returns to it's own average level rapidly and the inflation persistence is in a low level for Germany, Austria, Finland, France, Netherland and Italy. [ABSTRACT FROM AUTHOR]

The effectiveness of fiscal policy has been the subject of a longstanding debate from both the academia and policy-makers. According to standard Keynesian models, fiscal policy should be countercyclical. This means, increase expenditures and cut taxes to boost economy during recessions. Likewise, during expanding cycles the government should be able to raise taxes and decrease public expenditure to reduce chances of overheating of the economy. However, these conventional views have been challenged by the observation of expansionary effects of contractionary fiscal policy, so called non-Keynesian effects. This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy especially expansionary effects of contractionary fiscal policies. The empirical evidence survey in this paper is found to provide clear support for the existence of expansionary fiscal consolidations. [ABSTRACT FROM AUTHOR]

With this study, the effects of any increase against the economic growth on the budget deficits in the period of 1994:Q1-2004:Q4 in Turkey, are investigated. In the research, in addition to the Traditional unit root test (Augmented Dickey Fuller), the Standard Granger causality test has been applied, and it has been concluded that there is no causality relationship between the budget deficits and the growth rate from the budget deficits toward the growth rate. (BAGSYH ⇒ BO) And this result has been found to be interesting from the viewpoint of supporting the opinion that the public spending, which is deemed to be an "external variable" in the Keynes Law, will cause a triggering affect in the economical growth. [ABSTRACT FROM AUTHOR]

Since 1930s until the beginning of the 1970s Keynesian economics dominated both theoric and empirical economics. However, it has undergone criticisms both in theoretical and empirical perspectives due to the stagflation phenomenon dominates the world at the end of 1960s. The reason of empirical criticisms was due to declining importance of classic Phillips curve. For this reason, many economists have tried to analyze Keynesian macro-theory in terms of micro-foundations. The purpose of this study is to determine whether the inflation in Turkey is affected by the past inflation or expectations of future inflation in the new Keynesian view and test it by constructing hybrid form model. This model is tested by the method of TSOLS analyze the inflation phenomenon from a micro perspective. According to the results obtained, inflation in Turkey is determined by the expectations of future inflation rather than past inflation. [ABSTRACT FROM AUTHOR]

Copyright of Journal of International Social Research is the property of Journal of International Social Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The effect of government expenditures (or investments) on private sector investments is a controversial issue. In this context, there are three different approach called Neoclassical, Keynesian and Ricardian Equivalence Theorem. In the literature, it is also discussed whether or not foreign direct investments (FDI) have same crowding out effect on private investments. In other words, the effects of FDI on domestic private investments are discussed. In this paper, effects of FDI on private sector investments of Turkey are investigated by using data of 1975-2006 period. The results support Keynesian approach. This means that FDI captured by Turkey has not crowding-out effect on domestic private investment, on the contrary it has crowding-in characteristic. But it has also obtained that this crowding-in effect is fairly weak. [ABSTRACT FROM AUTHOR]

Twin deficit hypothesis indicates the existence of a relationship between budget deficits and current account. The implications of Conventional Keynesian Theory, which asserts that budget deficits induces current account deficits, are different from the Ricardian Equivalance Theory , which claims that there is no causal relationship between budget deficits and current account deficits. In this study, the relationship between budget deficits and current account deficits in Turkey for 1950- 2005 period is examined with annual data by using recently developed time series econometric tecniques such as the cointegration analysis and Granger Causality Test. In cointegration analysis, it is found that there is a long run relationship between budget deficits and current account deficits. This conclusion supports the Conventional Keynesian Theory. Moreover, according to Granger causality tests results, the causality runs from budget deficits to current account deficit [ABSTRACT FROM AUTHOR]

Copyright of Sivil Toplum: Dusunce & Aastirma Dergisi is the property of EDAM- Education Consultancy Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)