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    Are real exchanges rate series really persistent?: evidence from three commonwealth of independent states countries
    (Routledge Journals, Taylor & Francis Ltd, 2015) Ozdemir, Zeynel Abidin; Aksoy, Emre
    This article sets out to examine the degree of persistence in the real exchange rates of Kazakhstan, Kyrgyzstan and Russia, and tests the validity of Purchasing power parity (PPP) using monthly data covering 1995: 01-2013: 12 period. The sum of autoregressive (AR) coefficients is used in order to examine persistence of the real exchange rate series and grid-bootstrap method is employed for the confidence intervals. The tests performed suggest two results: (1) Covering the full sample and sub-sample periods, excluding Kyrgyzstan in 1995: 01-1998: 07 and Russia in 2008: 09-2013: 12 periods, disregarding the structural breaks in the data generating process, there is high persistency in real exchange rates; (2) there is evidence in support of PPP covering the full sample for every country except for Kyrgyzstan in 1995: 01-1998: 07 and Russia in 2008: 09-2013: 12 periods.
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    Aysit Tansel (2012) Demography and Management Towards 2050: Repercussions on the Turkish Labor Market (in Turkish) TUSIAD and UNFPA.
    (Bilgesel Yayincilik San & Tic Ltd, 2013) Aksoy, Emre; Ozdemir, Zeynel Abidin
    This book is part of a series of books by Tusiad and Unfpa on Education, Labor Market, Health System and on Social Security System in Turkey with a view towards 2050. One of the distinguishing features of this book is that it provides explanations and definitions for a number of demographic and labor market concepts and theories in a plain and understandable language. The analysis concentrates on the supply side of the labor market whereby the demographic features and the labor supply characteristics are interrelated. According to the population projections the Demographic Window of Opportunity has started in Turkey in 2010 and will end in 2040. During this period the working age population of Turkey will reach high levels and could potentially contribute to the growth and development in Turkey Provided that the quality of the working age population could be increased and that necessary employment could be generated, Turkey will benefit from the Demographic Window of Opportunity and otherwise there will be risks involved. Author provides historical information about the main labor market indicators such as labor force participation, employment and unemployment by gender and various other characteristics. Further, the thrust of the book is the provision of projections for the labor force participation employment and unemployment rates and numbers for the period 2010-2050 by gender and total under three different scenarios about the economic and educational developments. Final part of the book provides general evaluation and policy proposals about the labor market participation of youth, women and old-age groups in terms of education, skills generation and skills upgrading in order to create the educated, skilled and healthy labor force of the future. Investments in technological developments and research and deveolopment are also emphasized. This book could be profitably used in the labor economics and Turkish labor market courses at the universities as a supplementary book
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    Persistency in tourism expenditure in a small-open economy
    (Routledge Journals, Taylor & Francis Ltd, 2018) Ozdemir, Zeynel Abidin; Aksoy, Emre; Arslanturk, Yalcin; Cetinkaya, Murat; Dogan, Taylan Taner; Durusoy, Omer Tanju
    This study aims to examine whether the shocks to the Turkish tourism have a permanent or a transitory effect on tourism expenditure for the period 1964-2012. We took the structural break periods from Lumsdaine and Papell (LP) unit-root test as a base and implemented the Augmented Dickey-Fuller unit-root test for the three different sub-periods of the series of tourism expenditure. In this study, we also estimated the measure of half-life for the effects of shocks on the series under consideration and the grid-bootstrap method to estimate confidence intervals. The results show, irrespective of the structural breaks, the effect of shocks on tourism expenditure is persistent; however, considering the structural breaks, the effect of shocks on tourism expenditure is transitory.
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    Unemployment and labour force participation in Turkey
    (Routledge Journals, Taylor & Francis Ltd, 2016) Tansel, Aysit; Ozdemir, Zeynel Abidin; Aksoy, Emre
    This article investigates the relationship between labour force participation rate and unemployment rate in Turkey a developing country. Cointegration analysis is carried out for the aggregate and gender-specific series. The findings indicate that there is no long-run relationship between labour force participation and unemployment rates in Turkey. Thus, unlike in the case of the developed countries, the unemployment invariance hypothesis is supported in Turkey.