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on Arab World |
| By: | Mubariz Hasanov (Hacettepe University, Department of Economics); Aysen Arac (Hacettepe University, Department of Economics); Funda Telatar (Hacettepe University, Department of Economics) |
| Abstract: | In this paper, we investigate possible nonlinearities in the inflation–output relationship in Turkey for the 1980–2008 period. We first estimate a linear bivariate model for the inflation rate and output gap, and test for linearity of the estimated model against nonlinear alternatives. Linearity test results suggest that the relationship between the inflation rate and output gap is highly nonlinear. We estimate a bivariate timevarying smooth transition regression model, and compute dynamic effects of one variable on the other by generalized impulse response functions. Computed impulse response functions indicate that inflation–output relationship in Turkey during the analyzed period was regime dependent and varied considerably across time. |
| Keywords: | Phillips Curve; Nonlinearity; Structural Stability |
| JEL: | C32 C51 E31 |
| Date: | 2012 |
| URL: | http://d.repec.org/n?u=RePEc:hac:hacwop:20123&r=ara |
| By: | Inci Kuzgun (Hacettepe University, Department of Economics) |
| Abstract: | In this paper, it is aimed to highlight the importance of number of workers as the basic criterion for regulation of labour market in Turkey as a case study. The number of workers has been used as a criterion for legislative arrangements by first Labour Law 3008 since 1936. From a policy standpoint, the message is that there is a relationship between using of number of workers for regulation of labour market and the characteristcs of economy and labour market. It is result of main share of micro and small enterprises. Thus, it is aimed to protect micro and small sized enterprises in Turkey. This protective approach has been observed in three points. In the considering two exceptions of Labour Law 4857,in regulation of employment protection and in the obligation of employers. The regulations of labour market based on the number of workers have been analyzed in this paper. |
| Keywords: | Turkey; the workers’ number; regulation of labour market; micro and small firms; criterion |
| Date: | 2012 |
| URL: | http://d.repec.org/n?u=RePEc:hac:hacwop:20126&r=ara |
| By: | Bojnec, Štefan |
| Abstract: | The paper provides an overview and a comparison of land markets covering the three candidate countries for European Union membership: Croatia, the Former Yugoslav Republic (FYR) of Macedonia and Turkey. We analyse and compare agricultural land structures and factors driving land markets. The analyses are based on the available cross-section and time-series evidence on agricultural land structures and land productivity (yields). The land productivity measured by production per hectare of agricultural land varies between the three countries. Agricultural land structures are the result of historical evolution in land markets and land-leasing developments with additional different institutional environments and agrarian and land reforms. |
| Date: | 2011–09 |
| URL: | http://d.repec.org/n?u=RePEc:eps:fmwppr:96&r=ara |
| By: | Bojnec, Štefan |
| Abstract: | This paper provides an overview and comparison of labour markets in agricultural and rural areas in the three candidate countries for the EU membership: Croatia, the Former Yugoslav Republic of Macedonia and Turkey. We analyse and compare the labour market structures and the factors driving them. The analyses are based on the available cross-section and time-series data on agricultural labour structures and living conditions in rural areas. Considerable differences are found among the candidate countries in the importance of the agricultural labour force, between rural and urban labour, and in poverty and living conditions in rural areas. Agricultural and rural labour market structures are the result of demographic and education processes, in addition to labour flows between agricultural and non-agricultural activities, from rural areas to urban ones and migration flows abroad. Declines in the agricultural labour force and rural population are foreseen for each of the candidate countries, but with significant variations between them. Showing different patterns over time, labour market developments in the sector and rural areas have been shaped by the overall labour market institutions, conditions and other factors in each country, such as the legal basis, educational attainment and migration flows, as well as the presence of non-agricultural activities in rural areas. |
| Date: | 2011–09 |
| URL: | http://d.repec.org/n?u=RePEc:eps:fmwppr:102&r=ara |
| By: | Aysen Arac (Hacettepe University, Department of Economics); Funda Telatar (Hacettepe University, Department of Economics); Erdinc Telatar (Hacettepe University, Department of Economics) |
| Abstract: | This study investigates the relationship between the rate of inflation and the degree of the currency substitution for Turkey during 1986-2006. Our results show that the correlation coefficient between the two variables has not been constant over time. The results of the Multivariate GARCH model estimated to obtain the correlation coefficients indicate that there is a nonlinear relationship between the inflation rate and the degree of currency substitution. The main policy implication of our study is that it is difficult to stop or to reverse the currency substitution unless a confidence in the domestic currency is established. |
| Keywords: | Currency substitution; M-GARCH |
| JEL: | F31 C32 |
| Date: | 2012 |
| URL: | http://d.repec.org/n?u=RePEc:hac:hacwop:20122&r=ara |
| By: | Hossein Mirshojaeian Hosseini (Graduate School for International Development and Cooperation, Hiroshima University); Shinji Kaneko (Graduate School for International Development and Cooperation, Hiroshima University) |
| Abstract: | The historical centripetal behavior of the government has made the border regions as periphery of the central areas in Iran. The regional disparities in Iran root in the economic structure of the country. Iran is one of the main exporters of petroleum and natural gas. The huge revenues of natural resources have reduced the dependence of central government to domestic economic activities and made Iran one of the closest economies in the world. This paper studies the pattern and determinants of public budget allocation to the border regions in Iran over the period 1989?2007. The results show that different characteristics of the border provinces such as geographical position, economic conditions, type of borders, distances from the capital, and natural resource richness influence the level and trend of their realized budgets. |
| Keywords: | Border regions, Provincial budgets, Iran, Panel data |
| JEL: | C33 O53 R51 R58 |
| Date: | 2012–01 |
| URL: | http://d.repec.org/n?u=RePEc:hir:idecdp:2-4&r=ara |