Journal of Economic and Social Thought
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A study product design of optimal solution for customer requirements
Get PDFIn this paper, the author uses an evaluative criteria model and their associated criteria status, product evaluative criteria software of results and product objective function of optimal values solution, along with product morphological analysis, to synthesize evaluative criteria and optimize product design values. This study focuses on how to use an evaluative criteria model’s imprecise market information by evaluative criteria design software; product mapping relationships between design parameters and customer requirements using product predicted value method; synthesizing design alternative by morphological analysis and plan; realizing the synthesis in multi criterion decision making (MCDM), using its searching software capacity to obtain the optimal solution.Keywords. Multi criterion decision making (MCDM), Evaluative criteria model, Digital product design, Fuzzy theory, Products design.JEL. F31, F47, L83, L88
Revisiting the Effects of Workers’ Remittances on Economic Development in Nigeria
Get PDFAbstract. Poverty in Nigeria continues unabated despite huge inflow of remittances. Our result supports the argument that remittances can improve economic growth but can also worsen overall wellbeing. Reasons for this are, first, remittances beneficiaries in Nigeria are concentrated in the middle income class with high propensity to consume. Second, due to high propensity to consume, consumption triggers good prices in such a way as to worsen the purchasing power of the poor. Third, institutions are weak and the poor do not benefit from weak institution. Thus good quality institutions should be encouraged while ostentatious spending should be discouraged.Keywords. Remittances, economic development, financial institutions, governance institution.JEL. F40, I32, C22
A Review of Monetarism
Get PDFAbstract. This paper is focused on a review of causality relationship between money, income, price and exchange rate. It reviews both the theoretical as well as empirical literature relevant to monetarism. The view insists on quantity theory of money, rational expectations, expectations and the neutrality of money, unanticipated money growth and unemployment, monetary policy game basic model, central bank behavior and credibility, sticky-price monetary model and vicious circle view of the international monetary system.Keywords. Monetarism, Money, Income, Price, Exchange rates.JEL. B20, B22
Profitability in Turkish Banking Sector: Panel Data Analysis (The period 1990-1999)
Get PDFIn this study, the factors determining profitability in the Turkish banking sector are examined. Return on assets (ROA) is analyzed through panel data analysis using internal, external and sectorial factors. The purpose of the study is to explore the factors that affect bank profitability and to develop policy suggestions based on the findings. In the literature section of the study, domestic and foreign sources concerning bank profitability are scanned. In the section of econometric analysis, data belonging to the period 1990-1999 of state-owned, privately owned national and foreign deposit banks operating in Turkish banking sector are analyzed by using Stata program and panel data method. The analysis results indicate that capital and liquidity are the most important variables for ROA. In addition to that, it is reached that it is ensuring the efficiency in cost management for 1990-1990 period, keeping loans under follow at a low level and risk management make a positive impact on profitability
The Performance Comparison of the Participation Banks Acting in Turkey via Grey Relations Analysis Method
Get PDF“Participation Banks” are the final review process of the banking sector that have become indispensable for the economy of countries worldwide. Although participation banks do not have a long history, they were included in the Bank Law of 2005, and these banks are getting more attention each day. Since participation banks are perceived as alternative for conventional banks, the performance comparisons of participation banks are important for managers and investors. The purpose of this study is to compare the performances of the participation banks operating in Turkey via Grey Relational Analysis Method. In order to do this, 15 ratios which show the capital adequacy, liquidity, asset quality and profitability criteria years have been determined using 4 year-data of the participation banks from the years 2010 – 2013. Participation banks’ performances have been compared using the results of the analysis, with the help of determined ratios. The rank obtained from the results of the analysis is; Kuveyt Türk Participation Bank, Türkiye Finans Participation Bank, Albaraka Türk Participation Bank and Asya Participation Bank. At the end of the study, capital adequacy has been determined as the dominant ratio among all the ratios which affect the performances of participation banks
Analyzing Framing Effecty by an Experiment among Students in Turkey
Get PDFThis study investigates the framing effect of experiments that conducted among students. The main aim of this work is to show the results of an experiment conducted in Turkey how could affect behavior of subjects who were students in banking and insurance business studies department. By expressing a particular topic in negative and positive way we could observe the behaviors. In conclusion, these subjects mainly focused on positive expression to avoid risks