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The relationship between the interestrate and stock pricesis a frequently discussed topic in the economics literature. Estimating the direction and size of the interaction between two different investment instruments is very important for economic decision units. Central banks of developing countries such as Turkey attach great importance to maintaining the optimal balance between stock returns and interest rates. This subject, which was first investigated with linear econometric time series analysis, then started to be investigated with current nonlinear techniques. The use of non-linear techniques by the economic reality is important to determine the relationship between the variables in a healthy way. In this study, the Central Bank weighted average funding cost is used for policy interest rate, and Ise100 price index data is used for the stock price. The study was carried out using monthly data between the years 2011-2023. The relationship between stock prices and interest rate Banerjee et al. (2017) Fourier ADL cointegration test was used. First of all, it was determined that both variables were I(1), and then the cointegration relationship was tested. According to the study's findings, a long-term cointegration relationship was determined between the interest rate and the Ise100 index. Based on the cointegration relationship found, the long-term coefficients were estimated with the FMOLS model. In this context, it has been determined that the 1% increase in the interest variable causes a decrease of approximately 55 points in the BIST100 index. [ABSTRACT FROM AUTHOR]

Copyright of Çalışma ve Toplum is the property of Calisma ve Toplum 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.)

Although there have been many studies, focusing on basic determinants of carbon dioxide emissions (CO2), the effect of higher education, which has the potential to be an important determinant of CO2, has been neglected. The paper aims to display the potential mechanisms between higher education and CO2 and expand the environmental economics literature. In the paper, the trade-off between higher education and CO2 is tested by autoregressive distributed lag (ARDL) during the period 1983–2017 in Turkey. Results denote that cointegration exists and an increase in higher education negatively affects CO2. We also find that economic growth and energy consumption positively affect CO2 both in the long run and short run. Vector error correction model (VECM) reveals that higher education, economic growth, energy consumption, trade openness, and exchange rates are the causes of CO2 in the long run. Also, energy consumption and economic growth are the causes of CO2 in the short run. Therefore, higher education can be used to overcome environmental problems. [ABSTRACT FROM AUTHOR]

Inflation is an increase in the general level of prices which indicates a decrease in the purchasing power of households and a decrease in their real income. The level of interest rates in an economy plays an important role in entrepreneurs' investment decisions. The Fisher Effect is known as a positive relation between the inflation rate and interest rates, with causality running from inflation rates to interest rates. However, the results of research in the economics literature conducted with different countries and methods on the Fisher Effect have differences. In recent years, linearity methods have been abandoned to examine asymmetric relationships between variables, and nonlinear methods have gained importance. In this study, the relationship between interest rates and inflation in the Turkish economy is examined with nonlinear Granger Causality Analysis in the context of Fisher Effect using monthly data. As a result of the study, a unidirectional causal relationship is detected from inflation to interest rates for the Turkish economy. Also, the Fisher hypothesis is found to be valid for Turkey. [ABSTRACT FROM AUTHOR]

Referring to the monetary value of the final goods and services produced in an economy within a country's borders in a certain period, Gross Domestic Product (GDP), is one of the macroeconomic indicators that have been studied and its forecast to be modeled in the economics literature for many years. This study aims to forecast Turkey's GDP growth, using monthly tax revenues, in the period of 2006.Q1 - 2018.Q3 with Mixed Data Sampling (MIDAS) approach. The MIDAS methodology, eliminating the need to have the same frequency of dependent and independent variables which is a must in the traditional regression approach, allows the use of different frequency data in the same model. For this purpose, the aggregatedregression model and alternative MIDAS models were estimated and their forecasts were performed. Considering the performance of forecast models, it seems that among the MIDAS models the PGM-Almon model provides better results in forecasting GDP growth of Turkey's economy. [ABSTRACT FROM AUTHOR]

Copyright of Turkish Journal of Social Research / Turkiye Sosyal Arastirmalar Dergisi is the property of Turkish Journal of 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.)

Usury is forbidden by religion in the Islamic faith; thus, Muslims are standoffish with the traditional banking system. It has led up to the emergence of alternative financial institutions, namely Islamic banking, interest-free banking or participation banking, etc. that take the religious sensitivities of Muslims into account and that can attract idle Islamic funds. Islamic banking catches attention with particular funding methods specific to it while conducting almost all financial instruments that the traditional banking system uses. The purpose of this study is to popularize the practice of qardhul hasan which is a sunnah of Holy Prophet Muhammed Mustafa (s.a.w.) which is uncommon or has not institutionalized in Turkey yet and to discuss how to use this practice as an appropriate financial instrument for Islamic banking. Moreover, it is aimed to transform the contentedness and charitableness of Muslims and the period, which is known as the Robertson Lag in economics literature into a source of finance suitable for Islamic banking. [ABSTRACT FROM AUTHOR]

Copyright of bilig: Journal of Social Sciences of the Turkish World is the property of bilig: Journal of Social Sciences of the Turkish World 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.)

Environmental degradation and income inequality are two of the most important international debates that await immediate resolution. Despite that, their interaction in the environmental economics literature has been very little analysis. The aim of this study is to examine the impact of income distribution on the CO 2 emissions in Turkey during 1984–2014. An Autoregressive Distributed Lag Model (ARDL) test is employed to determine possible long-term and short-term nexus among the series. The ARDL test results show that the series are cointegrated and that income inequality has a positive effect on CO 2 emissions. We also find that the environmental Kuznets curve (EKC) is valid in Turkey. The Toda-Yamamoto causality test denotes that Gini coefficient is the Granger-cause of CO 2 emission. The results show that deterioration in income distribution will reduce environmental quality in Turkey, which validates that political economy approach is valid in Turkey. Study results can be an important guide for policymakers. Reducing income inequality for a new strategy in the fight against environmental problems may lead to a win-win situation for Turkey and the international community. • Examines the effect of income inequality on CO 2 emissions in Turkey. • The method of ARDL is employed as an analytical technique. • We find that income inequality positively affects CO 2 emission in Turkey. • Empirical findings suggest that the quality of the environment should be ensured by implementing fairer income distribution. [ABSTRACT FROM AUTHOR]

Entrepreneurship is one of the main factors of production and hence, it plays a key role in determining the level of production and employment. Together with the globalization process entrepreneurship has become a fundamental determinant of economic growth and development. Thus, establishing the drivers of entrepreneurship is crucial for determining the necessary policies in order to increase the level of economic growth and development of a country. This paper investigates the determinants of entrepreneurship in Turkey by using individual level data taken from the Global Entrepreneurship Monitor [1]. The Global Entrepreneurship Monitor [2] provides a rich dataset with regard to the entrepreneurial behaviour and attitudes of individuals and how the national context of countries affect entrepreneurship. By considering the current economics literature demographic and economic features of individuals are used as potential determinants of becoming an entrepreneur. Moreover, similar to Arenius and Minniti [3]'s study perceptual variables are taken into account as explanatory variables of entrepreneurship in the empirical analysis. The results of our empirical study put forward the determinants of entrepreneurship in Turkey at the individual level. Hence, we contribute to the existing literature by presenting new evidence with regard to the determinants of entrepreneurship in Turkey. The results of our analysis will be helpful for policy makers in designing new policies in order to increase the number of entrepreneurs in Turkey. [ABSTRACT FROM AUTHOR]

In economics literature the relationship between budget deficit and current account deficit is known as twin deficits hypothesis. The Keynesian Approach accepts a relationship between two deficits. In contrast to this, icardian quivalence Hypothesis defends there is no relationship between these two deficits. win deficits have become the subject of several studies to test which of these hypotheses are reliable but no consensus has been achieved. ome studies found a relationship from budget deficit to current account deficit but some of them had the opposite result. specially after 1980 it is known that many developed and developing countries encountered with this twin deficits problem. urkey also has the problem of twin deficits. Therefore, it is important to find whether there is causality between them and the direction of this causality. In this study the relationship between budget deficit and current account deficit is examined by using Johansen ointegration Analysis. This study is based on period 1996:Q1-2011:Q4. According to results of cointegration; variable coefficients are statistically significant and consistent with what we expected in hypotheses. urrent account deficit ( A ) has a significant negative effect on budget deficit (B ). When there is a 1% increase in A , B decreases 0,12%. This finding is consistent with economic theory because according to Keynesian Approach two deficits have relationship with each other. However, in contrast to this approach, the direction is from A to B and also coefficient is negative [ABSTRACT FROM AUTHOR]

Economic freedom and democracy, by determining institutional structure, affect economic performance. According to predominant view in the economic literature, economic freedom contributes positively to economic performance. However, the nexus between democracy and economic performance is disputed. In this study, by using the time series data of 1970-2005 for Turkey, we found positive relationship between economic freedom and economic performance, while we could not reach a definite verdict in regarding to impacts of democracy on economic performance since we found both negative and positive relation depending on the model used. [ABSTRACT FROM AUTHOR]

The cluster economies concept, which has become quite popular in economic literature in the recent years, especially in the light of M. Porter's studies, is generally described as the accumulation of economic activities in terms of geographical location and industry. The new multi-polar field oriented industrial zones, coming up especially with the evolving structure of traditional entrepreneurship, have achieved significant success in many countries. In this framework, as a specific application from our country, the cluster of PVC machine industry in Bursa may be given as an example. The evaluation of the improvement in this cluster, which can be characterized as a vertical collaboration, is the main purpose of this study. [ABSTRACT FROM AUTHOR]

Copyright of Revue Tiers Monde is the property of Librairie Armand Colin 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.)