Journal of Economics Bibliography
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The Effect of Exports and Imports on Economic Growth in the Arab Countries: A Panel Data Approach
No full textAbstract. The study focused on the effect exports and imports on economic growth in the Arab countries during the period 1995 to 2013. The study used panel data approach in 17 countries: (Jordan, United Arab Emirates, Bahrain, Tunisia, Algeria, Saudi Arabia, Sudan, Oman, Qatar, Kuwait, Lebanon, Egypt, Djibouti, Mauritania, Morocco, Yemen and Palestine). The study used panel data approach by E views program. The study found that the effect exports and imports have positive effect of economic growth in the Arab countries during the period 1995 to 2013. The study recommended it is important indicator for measuring the efficiency and effectiveness of the work element in achieving a certain level of the output in the production process. There is need to increase the imports of technology for increasing labor productivity which can directly promote economic growth, and thus improve the standards of living in the Arab countries.Keywords. Panel Data Approach, Housman, Exports, Imports.JEL. E62, H54, O40
Islamic Tourism Development in Cirebon: The Study Heritage Tourism in Islamic Economic Perspective
No full textAbstract. Cirebon as a tourist town to face the problems related to the management of tourist attractions, hotel business development, renovation of buildings or cultural heritage, and the economic development of local communities in tourist locations. The needs of tourists and pilgrims is also a concern with fulfillment facilities that can give satisfaction and comfort. With the approach of explorative qualitative research, which explores the potential of tourism development or shari'a in Cirebon concluded that the tourism development of the Shari'ah requires management function in creative and innovative based on starategis planning, consistent implementation, and evaluation of the measured and constructive embody the values of Shariah in existing tourist attractions in Cirebon.Keywords. Islamic tourism, shari’a, heritage tourism, development, Islamic economic.JEL. A10, B40, D90, L60, N30, Z10
On Monetary Policy, Unemployment, and Economic Growth
No full textAbstract. Recognizing the possible relation between investments, economic growth and unemployment, and how there is not an established impact of an unlikely productive project failure on the secondly mentioned variables, we address such relation and asses theoretically the effect of different instruments of monetary policy on the mentioned macroeconomic indicators. To do this we build upon two models of economic growth considering the role of entrepreneurs, risk takers, and a monetary authority which is the average agent of the economy that is assumed to be aware of how the inflation can damage equally the individuals' life style, independently of their particular levels of income, finding that the impact of the monetary instruments depends on the behavior of the population, and endogenizing the money in circulation.Keywords. Endogenous money supply, Expansive monetary policy, Inflation, Unemployment, Economic Growth.JEL. E24, E51, E52, E58, O42
2nd International Congress on Economics and Business – New Economic Trends and Business Opportunities
No full textAbstract. In this study, the evaluation of The 2nd International Congress On Economics And Business: New Economic Trends and Business Opportunities held on May 30- June 3, 2016 in Sarajevo will be mentioned.Keywords. Economics, Economic Trends, Business Opportunities, Labour Relations, Financial economics.JEL. M10, M20, O10
Multiple Criteria Inventory Classification for Storage Assignment and a Case Study
No full textAbstract. Warehouse management has been turned into a more complicated issue depending on dynamics pertain to customer, good, speed and cost. It’s an inefficient and difficult approach to control all the stored items at the same level. Based on these; the main purpose of this study is bringing in a policy for warehouse management with the help of ABC Analysis via submitting the goods to inventory based classification. The goods will be assigned to slots according to their distances to the I/O point (Input/output point) by considering their importance orders at the end. In this context, DEMATEL method is utilized besides the Multi Criteria ABC Analysis methods used in literature. Initially Multi Criteria Decision Making techniques with weighted linear optimization, and in the following in order to make these calculations more accurate, calculation of cross evaluation of goods has been made in the literature. However, when we consider the calculation of cases which has increased numbers of goods, classification will be pretty hard. Thence, only cross evaluation points of goodsexceeding a threshold value when we apply DEMATEL method are calculated and applied to classification. On a model warehouse, mentioned techniques are benchmarked and it is shown that the approach, which is offered by us, reached similar or better results than the approaches in the literature in less time.Keywords. ABC Analysis, Multi Criteria Decision Making, Warehouse Management.JEL. M10, M11, M14
Examination of the Macroeconomic Variables affecting Credit Default Swaps
No full textAbstract. Many investors, money authority and reputable institutions closely follow credit default swaps while they regard them as reliable tool of measuring country credibility, since credit default swaps (CDS) come into prominence as an important indicator for country risks in recent years. Therefore, this phenomenon creates itself an area in academics, and examination of countries’ default spreads and determining the macroeconomic variables affecting them become an important academic area. For these reasons, there are lots of researches have been made in this subject in Turkey and world recently. In this research, the macroeconomic variables, which affect country default swaps of developing countries, including Turkey, are determined and examined; moreover, the effects of chosen macroeconomic variables on country default swaps are analyzed. The subject of the research is not a static case, thus Generalized Method of Moments (GMM) estimator method from dynamic panel data methods and Residual Linear Regression Model are used. According to the results of the analyses, it is found out that the selected variables which are (i) increase in current account balance, (ii) real interest rates, (iii) GDP growth rates, (iv) inflation rates and (v) annual positive changes in S&P Global Reit Index have important effects on CDS spreads.Keywords. Credit Default Swaps (CDS), Country risk, Loan costs, Developing countries.JEL. G24, O40, O52
A Decision Support Model Suggestion for Logistics Support Unit in Risky Environment
No full textAbstract. Storage facilities have an important role for uninterrupted product/service flow and ensuring continuity in supply chains. Criteria, which will be taken into account for the location of this facilities, and criteria values, can alter in accordance with private or public sector and risk environment as well. Besides logistics costs, transportation opportunities and proximity to the customers, risk based criteria such as terror, sabotage, air strikes, and natural disasters play an important role in order to select facility location. During production flow, Logistics Support Bases (LSB) are the military facilities, which affect firstly operation process positively or negatively and secondly result of the operations, serve in the risk environment. In a specific environment, selection of LSB becomes a Multi-Criteria Decision Making (MCDM) problem for the decision maker. This study aims to determine qualifications which will be used to select the best suitable location of LSB; define the importance value of selected qualifications via DEMATEL method, and select the best location of LSB between alternative places. DEMATEL has used in the determination of criteria values and then VIKOR method has used to select the most appropriate location for LSB in the risk environment.Keywords. Logistics support unit, Risk, Facility location, Multi-criteria decision making, DEMATEL, VIKOR.JEL. D81, R53, C40, C44, D70
Hazardous Materials Warehouse Selection as a Multiple Criteria Decision making Problem
No full textAbstract. Radioactive, toxic, smother, flammable, and explosive materials in solid, liquid or gas states which can negatively impact goods, organisms, and most importantly humans are called as “Hazardous Materials”. Hazardous material transportation and storage carry risk factors in addition to their other types of transportation operations. Furthermore, selection of a suitable warehouse becomes a problematic issue in which multiple criteria are evaluated as paying attention to risky circumstances. In this context, hazardous material warehouse selection is considered as a multiple criteria decision problem in our study. In particularly, for the explosives storage among other hazardous materials, necessary criteria are determined according to expert’s consultant. The determined criteria are weighted according to decision makers’ consultancy and the alternatives are evaluated by fuzzy MULTIMOORA under uncertainty throughout the decision making process in the study.. The proposed approach is discussed on a case study.Keywords. Fuzzy MULTIMOORA, Warehouse Selection, Hazardous Materials.JEL. D81, R53, C40, C44
A Preliminary Model of Regulating Natural Capital Funds for Renewable Energy
No full textAbstract. Framing sustainable environmental laws in regulating Natural Capital funds for Renewable Energy (RE) is central to the discussion on sustainability strategies. Natural Capital is that limited form of capital assets or service (tangible or intangible) that satisfies basic and social conditions for human existence and protection. This paper proposes an analytical regulatory model utilizing Neural Network (NN) of substantive and procedural issues framing the regulatory parameters associated with Natural capital funding. The model recognizes the fact that the purpose of any legal system is not only to assign duties and responsibilities in protecting rights of individuals and groups in their respective endeavors; but for effective modelling of natural structures as well. Through a preliminarydiscussion of European and USA markets’; regulatory systems with a focus on market and social values, it attempts to discern a practical model to formulate social and regulatory measures on financial structures and energy matters that are considered rights and obligations of individuals and organizations in conducting their businesses. As it has been a subject of academic, government, and public discussions with intense controversies, finding the differences of methodological, and analytical foundation will most probably lead to deeper insight into regulating funds for renewable energy.Keywords. Natural capital, Sustainable, Entrepreneurial collaboration, ISO, Climate change, Neural Network (NN).JEL. N70, O13, Q40
Effect of Information Technologies Investments to The Future Plans: A Research in Health Institutions
No full textAbstract. Information Technologies is a factor that take place at the center of the lives of companies and human lives and that have the greatest positive share in easing the lives. While reaching information is considered to be the most important skill both for companies and people, the tool used in reaching and storage of information is technology. The development of the technologic developments in the world without slowing down, affects the service industry as well as all the other industries. Health institutions that have a great share in service industries have to follow the innovations and technological developments closely in order to survive in competitive market conditions and therefore they should make their plans in in accordance with these developments. In accordance with these statements, the aim of the study is; to search whether the information technology investments of health institutions in order to ensure customer satisfaction and sustainability correspond to the future plans or not. For that purpose, health institutions located in cities Gümüşhane and Trabzon in Eastern Black Sea Region, constitute the universe of the research. The data of the universe is obtained by survey data acquisition technique. Reliability and validation analyses were applied with definitional statistical analyses to the data obtained and the optimal scale structure for the structural model is attained. Goal oriented structural model is analyzed with structural equation model and AMOS 20 and SPSS 20 package programs. In accordance with the factors obtained as a result of the research it is stated that; factors such as information structures of the health institutions, information technology usage levels of the health institutions, information technology perceptions of the health institutions, the usage level of health institutions during decision making processes and technology compliance of health institutions are effective on the future plans of the health institutions.Keywords. Information Technologies, Health Institutions, Technology, Patient Satisfaction, Planning.JEL. C38, I19, L52