Yazar "Aktar I." seçeneğine göre listele

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    Öğe
    Can unemployment be cured by economic growth and foreign direct investment in TURKEY?
    (2009) Aktar I.; Ozturk L.
    This study applies the VAR technique of variance decomposition and impulse response function analysis to investigate various interrelationships among foreign direct investment (FDI), exports (EX), unemployment (UR) and gross domestic product (GDP) for the period 2000:1 to 2007:4 in Turkey. We find two cointegrating vectors in the system, indicating there is long run relationship. Our findings show that FDI did not have any contribution to reduce the unemployment rate in Turkey. Variations in EX have a positive impact on GDP but they are insignificant. Therefore, this study does not support the export led economic growth model. Variation in GDP does not reduce the unemployment rate either. © EuroJournals Publishing, Inc. 2009.
  • [ X ]
    Öğe
    Is there any comovement between stock markets of Turkey, russia and hungary?
    (2009) Aktar I.
    This study investigates whether there exists long run relationship and Granger Causality between Turkish, Russian and Hungarian stock indices for the period of January 5, 2000 and October 22, 2008. Applying to ADF test shows that the series are non- stationary. Yet, once we difference them, the series become stationary. We find the cointegration among the stock indices by using Johansen estimation technique. This tells us that there is a short run relationship and causality among the stock indices. Applying to Granger Causality test reveals that the bidirectional causality for the Turkish and Russian stock indices. We also find that Hungarian stock market does Granger cause to Turkish stock market but not vice versa. Furthermore, Russian stock market does Granger cause to Hungarian stock market but not vice versa. © EuroJournals Publishing, Inc. 2009.