Sürdürülebilir Kalkınma Amaçları

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• MakaleAçık Erişim2025/r/bayburt/14486
  THE ROLE OF CAPITAL FLOWS IN THE INTERNATIONAL TRANSMISSION OF US MONETARY POLICY: THE CASE OF TURKEY

  Akar, Nuri Cagri; Varlik, Cemil

  This article aims to examine the impacts of US monetary policy (MP) changes on the Turkish economy. A Structural Vector Autoregressive (SVAR) model is estimated for the period 2002:01-2017:12, during which a flexible exchange rate regime was adopted in the Turkish economy. According to the impulse-response analysis, the Turkish interest rate responds positively and significantly to the US Effective Federal Funds Rate (EFFR). AThis result shows that the Central Bank of the Republic of Turkey's (CBRT) MP follows the FED's MP, consistent with the dilemma hypothesis of Rey (2015). The analysis also demonstrates that both the EFFR and the VIX have a negative impact on net total capital inflows to the Turkish economy. The impulse-responses for the three components of net capital inflows indicate important conclusions. Firstly, neither EFFR nor VIX has a significant impact on Net Foreign Direct Investment (NFDI) inflows. Secondly, Net Portfolio Investments (NPI) respond significantly to the VIX but not to the EFFR. Thirdly, Net Other Investments (NOI) respond significantly to the EFFR but not to the VIX. These findings indicate that the NOI component plays a direct and major role in the emergence of the US MP's spillover effects on the Turkish MP.

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  AtıfWoS1

  İncele
• MakaleAçık Erişim2023/r/bayburt/14204
  The Effect of 2023 Kahramanmaraş and Hatay Earthquakes on Real Estate Investment Behaviors

  Çubukcu, M. Ihsan; Çubukcu, Fatmanur; Doker, Asli Cansin; Gülhan, Unal; Gülhan, Yeliz

  Turkiye is located in the earthquake zone due to its geographical location and has witnessed major earthquakes throughout history. These earthquakes caused many deaths and also caused great economic losses. In February 2023, Mw7.7, Mw7.6, Aand Mw6.4 earthquakes occurred centered in Kahramanmara & scedil; and Hatay, respectively. More than 50 thousand people lost their lives and more than 100 thousand people were injured in these earthquakes. The earthquake caused great destruction in 11 provinces (Adana, Ad & imath;yaman, Diyarbak & imath;r, Elaz & imath;& gbreve;, Gaziantep, Hatay, Kahramanmara & scedil;, Kilis, Malatya, Osmaniye and & Scedil;anl & imath;urfa). The study aims to identify differences in investment behavior in the real estate sector after the earthquake. For this purpose, a survey was conducted throughout T & uuml;rkiye. According to the empirical findings of the study, significant differences were detected between real estate investment behaviors before and after the earthquake. It was observed that the participants took into account factors such as whether the building was built in accordance with earthquake regulations rather than factors such as location, interior and exterior design, and price, when making investments after the earthquake. It was also determined that the participants preferred detached or low-rise buildings instead of multi-storey buildings after the earthquake.

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  AtıfOpenAlex1

  İncele
• MakaleAçık Erişim2022/r/bayburt/14253
  The Effects of Urbanization, Life Expectation at Birth and Commercialization on Income Inequality: A Research on the Community of the Independent States and Some Baltic Countries

  Gültekin, Omer Faruk

  One of the important results of economic development is the development of trade and the increase in welfare. A reflection of the increase in welfare is the prolongation of human life and the increase in urbanization. Through these indicators, societies are expected to develop economically and socially. In this study, as a reflection of welfare, the effect of commercialization, average life expectancy and urbanization on income inequality in the Commonwealth of Independent States countries and some Baltic countries that gained independence after the dissolution of the Soviet Union after 1991 were investigated. In the study, trade openness and the share of countries in world trade representing commercialization, urbanization representing the increase in welfare, and disposable Gini coefficient and market Gini coefficient representing income inequality examined. For the estimations, four models were created and different results were obtained for each model. In the analysis process, descriptive statistics, correlation matrix, multicollinearity, cross-section dependence, heteroscadasticity, autocorrelation tests were applied. Depending on the test results, the Driscoll-Kraay test was applied and the results were estimated. According to the results, it can be said that while commercialization has a positive effect on income inequality, urbanization has a negative effect on income inequality.

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