Yazar "Bari, Bilgin" seçeneğine göre listele
Listeleniyor 1 - 4 / 4
Sayfa Başına Sonuç
Sıralama seçenekleri
Öğe Does ecological footprint in ECCAS and ECOWAS converge? Empirical evidence from a panel unit root test with sharp and smooth breaks(Springer Science and Business Media Deutschland GmbH, 2022) Çelik, Orkun; Adalı, Zafer; Bari, BilginThe costs due to climate change have been increasing day by day. In addition to the risk of losing our planet's natural assets due to the increasing destructiveness of climate-related natural disasters and extreme climate events, we are also faced with grave economic risks. For this reason, researchers have recently focused on environmental issues. Nevertheless, they generally have investigated developed countries and ignored developing and least developed countries such as African countries. The United Nations (2015) report highlights that African countries should be specially investigated. Hence, the paper analyzes whether the ecological footprint in the Economic Community of Central African States (ECCAS) and Economic Community of West African States (ECOWAS) converges for the period from 1961 to 2017. We employ Bahmani-Oskooee et al.'s (2014) panel unit root test with sharp and smooth breaks. The empirical findings demonstrate that the ecological footprint is stationary in ECCAS and ECOWAS. Stated in other words, the ecological footprint in these countries converges. Therefore, policymakers could implement similar policies to reduce the ecological footprint in these countries. This policy framework paves the way for an effective sustainable development.Öğe Macroeconomic determinants of the Stock Prices in Turkey: an application of the fourier cointegration analysis(Gazi Kitabevi, 2020) Bari, Bilgin; Adalı, ZaferStock markets perform a vital function in emerging countries because long term capital is availed by funds from different investors who expand their business in host countries. This process is beneficial for both sides because investors put their surplus funds to achieve high profit. Furthermore, this proper transaction can reverse. In order to sustain good investment, the investors properly conceive the performance of the stock market, which is pretty associated with the country’s economic, political, and firms’ situations. The changes in macroeconomic variables are the most consistent factors because macroeconomic situations are seen as starting points in which other factors are tightly related.Öğe Monetary policy and bank lending chanel in Turkey(International Journal of Finance & Banking Studies, 2017) Adalı, Zafer; Bari, BilginThe main purpose of this study is to evaluate whether the bank lending channel exist or not. Within this context, quarterly data of for the periods between 2002q1 and 2016q4 was taken into the consideration. Additionally, VAR model was used to reach the objective. According to the result of impulse response function, it was reached that producer price index, real exchange rate and policy rate are effective determinants. Additionally, banks balance sheet has important and positive influence on total credits but industrial production index is regarded as partially effective. While considering this result, it was also found that both bank balance and macroeconomic variables used in this study is the main determinants of bank total credit.Öğe Testing the short, medium, and long-term effects of shocks on ecological balance(Springer, 2023) Yılancı, Veli; Adalı, Zafer; Çelik, Orkun; Bari, BilginEcological balance is an indicator of environmental degradation, which is computed as the difference between biocapacity and ecological footprint. In this study, we examine whether the effect of shocks on the ecological balance is permanent or temporary in the EU-15 countries, considering the period from 1961 to 2018. The application of unit root tests, with and without a Fourier function, indicates that the effects of shocks are temporary in only four countries. To reveal the persistence of shocks at different frequencies, that is, the short-, medium-, and long-run, we decomposed the ecological balance series by using the Discrete Wavelet Transform method. The unit root test results show that the effects of shocks are temporary in all countries in the short-run. However, the results also show that the shocks are temporary in nine countries in the medium-run and ten countries in the long-run. Thus, the implemented policies to balance ecology are not effective in the short-run but are effective in only six countries in the medium-term and in only five countries in the long-term. These findings demonstrate the importance of considering different frequencies when testing the effectiveness of empirically implemented policies. Regarding policy implications, this study suggests focusing on medium- and long-term environmental policies rather than short-term ones.
