1,720,976 research outputs found
sj-docx-1-spp-10.1177_19485506211061017 – Supplemental material for You Mean the World to Me: The Role of Residential Mobility in Centrality of Romantic Relationships
No full textSupplemental material, sj-docx-1-spp-10.1177_19485506211061017 for You Mean the World to Me: The Role of Residential Mobility in Centrality of Romantic Relationships by Cansu Yilmaz, Emre Selcuk, Gul Gunaydin, Banu Cingöz-Ulu, Alpay Filiztekin and Oya Kent in Social Psychological and Personality Science</p
Inflation, price dispersion and market integration through the lens of a monetary search model
Full text linkRecent monetary search models emphasize that the real effects of inflation via its impact on price dispersion depend on the level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation-price dispersion nexus is predicted to be asymmetrically V-shaped which implies an optimal inflation rate above zero. For highly integrated markets, however, theory suggests that the impact of inflation on price dispersion disappears. Employing price data of the European Union member states, this paper is the first that empirically tests these implications of monetary search theory. --Inflation,Relative price variability,Monetary search models,European market integration
""Counting Your Customers" One by One: An Individual Level RF Analysis Based on Consumer Behavior Theory"
Full text linkIn customer relationship management (CRM), ad hoc rules are often employed to judge whether customers are active in a "non-contractual" setting. For example, a customer is considered to have dropped out if he or she has not made purchase for over three months. However, for customers with a long interpurchase time, this three-month time frame would not apply. Hence, when assessing customer attrition, it is important to account for customer heterogeneity. Although this issue was recognized by Schmittlein et al. (1987), who proposed the Pareto/NBD "counting your customers" framework almost 20 years ago, today's marketing demands a more individual level analysis. This research presents a proposed model that captures customer heterogeneity through estimation of individual-specific parameters, while maintaining theoretically sound assumptions of individual behavior in a Pareto/NBD model (a Poisson purchase process and a memoryless dropout process). The model not only relaxes the assumption of independence of the two behavioral processes, it also provides useful outputs for CRM, such as a customer-specific lifetime and retention rate, which could not have been obtained otherwise. Its predictive performance is compared against the benchmark Pareto/NBD model. The model extension, as applied to scanner panel data, demonstrates that recency-frequency (RF) data, in conjunction with customer behavior and demographics, can provide important insights into direct marketing issues, such as whether long-life customers spend more and are more profitable.
Temporary Star or Emerging Tiger? Turkey's Recent Economic Performance in a Global Setting
Full text linkThis article assesses the recent performance of the Turkish economy, questioning whether the currently observed unusual boom conditions will lead to a process of sustainable growth. The latest phase of Turkish neo-liberal transformation in the post-2001 era is placed in a broader historical and global context; at the same time, the performance of the economy in recent years is compared with that of other key emerging markets, based on selected macroeconomic indicators. Utilizing the East Asian experience as the principal benchmark for comparison, this paper examines whether Turkey is on its way to accomplishing tiger-like development performance. Given the current challenges to sustainable growth, we conclude that it is premature to suggest that the impressive performance of the recent years will lead to durable success and tiger-like performance. While the focus is on the Turkish experience, the paper also probes the very nature of tiger-like performance itself, highlighting the fact that in setting standards for exceptional economic performance we need to extend our horizons beyond high rates of economic growth sustained over time, to broader indicators of social, political and human development.Turkey, hyper-growth, East Asian tigers, emerging markets, human development, democratization.
The Endogeneity of the Natural Rate of Growth: An Application to Turkey
Full text linkThe purpose of this paper is to examine the sensitivity of the Turkish economy’s natural rate of growth to the actual rate of growth, covering the period 1980-2008. To determine the reason why the natural rate of growth is endogenous, the long-run and the causality relationships between real gross domestic product and each of the production factors (labour force and physical capital stock) are investigated with the bounds test. The natural rate of growth for the Turkish economy is found to be at 4.97 percent and it increases approximately 35.6 percent in the boom periods; indicating endogeneity. However, according to the causality test results, the endogeneity of the natural rate of growth may be attributed to the total factor productivity rather than the labour force and physical capital stock. This result is important and the debate on this subject may lead to further studies.The natural rate of growth, The endogeneity of the natural rate of growth, ARDL approach, Causality tests
Regional unemployment in Turkey
No full textHigh unemployment rates are a concern for a country, existence of high regional unemployment differentials is another. Turkey has both. This paper using spatial and nonparametric techniques documents the wide regional unemployment disparities in Turkey from 1980 to 2000. Data indicate that the provincial unemployment rates are quite persistent and the gap across different regions widens even further with spatial clusters emerging across the country. The evidence indicates that human capital and demand deficiency are the sources of observed disparity across provinces. Furthermore, the sources of unemployment differentials have changed over time. Copyright (c) 2009 the author(s). Journal compilation (c) 2009 RSAI.
Exchange rates and employment in Turkish manufacturing
Full text linkThis paper investigates the effects of exchange rate fluctuations on Turkish manufacturing employment and wages using data for a panel of manufacturing industries over the period 1981-1999. The net effect of depreciations are found to be negative for both employment and wages, though the effects on wages are more pronounced. The negative effect of high dependency of Turkish manufacturing industries on foreign inputs overcomes the positive effect of depreciations on competitiveness.exchange rates, labor market, manufacturing, Turkey
A Multisectoral Cofeature Analysis of Fluctuations in the Turkish Economy
No full textWhile there are numerous empirical studies on business cycles for developed economies, there are very few analyses regarding developing countries. The purpose of this paper is to document the comovement among sectoral outputs in Turkey, a developing country, and provide evidence about the importance of real factors to explain fluctuations. Specifically, we ask whether business activity in Turkey is generated by a few forces and whether there are differences in the shape, duration, and amplitude of cycles of individual sectors. Furthermore, we examine the relative importance of permanent and transitory innovations. Using sectoral data for fifty years, and employing cointegration and cofeature analysis, we find evidence in favor of strong comovement of sectors in the Turkish economy. Nonetheless, the evidence that almost all variation in total innovations in all sectors could be attributable to permanent innovations implies that the sources of the fluctuations could be real factors. The findings about the procyclicality and amplitudes of transitory components, as well as about the relative importance of permanent innovations, is unlike the evidence reported for advanced economies in earlier research.business cycles, comovement, persistence, sectoral cycles,
Income Inequality in Turkey: 2003–2015
No full textTurkey’s income inequality is one of the highest within the OECD countries. Despite a decline in Gini coefficient in the early years of the millennium, the gains have stalled, and inequality is rising again, resembling changing macroeconomic developments. This paper presents an investigation of income distribution in Turkey using evidence from inequality index decompositions by subgroup and by income source. The evidence suggests a close relationship between education of householder and inequality, while household formation became an important contributing factor in later years. Reliance on paid employment income and social transfers and decline in self-employment and asset incomes suggest an erosion in the incomes of middle classes
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