Ekonomi Bölümü Koleksiyonu

Permanent URI for this collectionhttps://hdl.handle.net/20.500.12469/57

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Browsing Ekonomi Bölümü Koleksiyonu by Journal "Emerging Markets Finance and Trade"

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    Article
    Citation - WoS: 10
    Citation - Scopus: 12
    Determinants of Investment in Turkey: a Firm-Level Investigation
    (Routledge Journals Taylor & Francis Ltd, 2019) Gezici, Armağan; Orhangazi, Özgür; Yalçın, Cihan
    In this article we analyze the financing constraints-investment link for the case of Turkey between 1996 and 2013. As different from the existing studies on Turkey we use a more comprehensive data set that includes both publicly-traded and privately-owned firms and analyze the differences in constraints across small- and medium-sized firms and large firms. In addition to the commonly used cash-flow sensitivities we use alternative measures of constraints build from multiple firm specific variables. We find that small- and medium-sized manufacturing firms in Turkey are subject to financing constraints regardless of the measure used.
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    Article
    Citation - WoS: 5
    Citation - Scopus: 4
    Is Fiscal Policy Sustainable in Turkey?
    (M.E Sharpe Inc., 2010) Ucal, Meltem Şengün; Alici, Asli
    The issue of the budget deficit has become one of the main themes of the economic policy implemented in Turkey and backed by the International Monetary Fund (IMF) following the economic crisis of 2001. The main motivation for this study is the question of whether or not the government's financial policy is sustainable and satisfies the government's long-term budget constraint. The empirical analysis is based on tests of whether government expenditure and revenue are cointegrated considering the economic liberalization period of 1989-2008. The stability of fiscal policy is examined using the Johansen multivariate cointegration method. The findings of the sustainability tests indicate that fiscal policy from the liberalization of the economy up until the 2001 economic crisis was not sustainable.