1,720,969 research outputs found
The Impact of Macro-Prudential Measures on Retail Loans: Evidence from Turkey
No full textFollowing the global financial crisis, savings rate to GDP ratio in Turkey declined to severe levels. The Banking Regulation and Supervision Agency of Turkey took various macro-prudential measures to limit the retail loans in the banking sector to supportEconomicsBusiness & Economic
CORPORATE GOVERNANCE AND PERFORMANCE: THE DIVERGENCE OF OPERATING AND SHARE PERFORMANCE
No full textCorporate governance principles are trying to ensure reliable and well-functioning firms and sound financial systems, thus well-governed firms are expected to be performing better than their counterparts. The aim of this paper is to analyze the impact ofEconomicsBusiness & Economic
Which households are more energy vulnerable? Energy poverty and financial inclusion in Turkey
Get PDFThis study examines the effects of financial inclusion on energy poverty using the 2018 Turkish Household Budget and Consumption Expenditure Surveys. The study adopts three different measures of energy poverty and then analyzes the impact of financial inclusion proxied by a multidimensional index on energy poverty using different estimation strategies. After addressing the endogeneity of financial inclusion by instrumenting financial inclusion with access to the nearest bank in a two-stage least squares framework, the empirical results show that financial inclusion significantly alleviates energy poverty while its impact is higher for female-headed households. These findings are robust to Oster's (2019) bounds estimates that deal with omitted variable bias. The results also suggest that health and income are significant through which financial inclusion influences energy poverty. The findings thus point to the need for policies that promote financial inclusion as a way of alleviating energy poverty
Production-based and consumption-based approaches for the energy-growth-environment nexus: Evidence from Asian countries
No full textThe number of studies that highlight demand-side and supply-side of environmental degradation are quite limited in the literature. The aim of this study is to analyze the energy-growth-environment nexus in cooperation with globalization, urbanization, lifGreen & Sustainable Science & Technology; Environmental StudiesScience & Technology - Other Topics; Environmental Sciences & Ecolog
Analysis of CO 2 emissions and energy consumption by sources in MENA countries: evidence from quantile regressions
Get PDFThe development of economies and energy usage can significantly impact the carbon dioxide (CO2) emissions in the Middle East and North Africa (MENA) countries. Therefore, this study aims to analyze the factors that determine CO2 emissions in MENA under the environmental Kuznets curve (EKC) framework by applying novel quantile techniques on data for CO2 emissions, real income, renewable and non-renewable energy consumption, and urbanization over the period from 1990 to 2015. The results from the estimations suggest that renewable energy consumption significantly reduces the level of emissions; furthermore, its impact increases with higher quantiles. In addition, non-renewable energy consumption increases CO2 emissions, while its magnitude decreases with higher quantiles. The empirical results also confirm the validity of EKC hypothesis for the panel of MENA economies. Policymakers in the region should implement policies and regulations to promote the adoption and use of renewable energy to mitigate carbon emissions
Green economic growth, cleaner energy and militarization: Evidence from Turkey
No full textThis study examines the role of cleaner energy, technological innovation and militarization on green economic growth (GEG) under different economic conditions in the context of Turkey. To this end, we apply Autoregressive Distributed Lags (ARDL) under theGraduate School of Economics and Management, Ural Federal University, Russian Federation; School of Commerce, University of Southern Queensland, Australia; Center of Research Excellence in Renewable Energy and Power Systems, King Abdulaziz University, Je
The short- and long-run efficiency of energy, precious metals, and base metals markets: Evidence from the exponential smooth transition autoregressive models
No full textThe aim of this paper is to investigate the long and short-run relationship between spot and futures prices of the energy, precious metals, and base metals markets. We analyze daily data from January 1985 to February 2019. The empirical findings based onEconomicsBusiness & Economic
Financial inclusion and poverty: evidence from Turkish household survey data
Get PDFEven though poverty is highly felt in developing economies, the lack of relevant and complete micro-level data limits understanding which households are more exposed to poverty and the role of financial inclusion in poverty in these countries. This research analyzes the effects of financial inclusion proxied by a multidimensional index on three poverty measures (the lowest-income poverty line, a lower-middle-income line, and an upper-middle-income line) by employing the recent Turkish Household Budget and Consumption Expenditure Survey data with 11,595 complete answers. In addition to the application of logistic regressions, this study addresses possible endogeneity issues by using access to the nearest bank as an instrument in a two-stage least-squares regression and employing the novel method as a robustness check. Empirical results point out that an increase in financial inclusion decreases poverty in Turkey. The adverse effect of financial inclusion on poverty is validated through a few robustness and sensitivity analyses. The outcome also indicates that health expenditure and income are essential through which poverty is influenced by financial inclusion. Thus, policies are required to enhance the financial inclusion of households to alleviate poverty. Further discussions are presented in this study
The Turkish Stock Market Integration with Oil Prices: Cointegration Analysis with Unknown Regime Shifts
No full textOil prices are often considered as a vital economic factor due to the dependence of the world economy on oil. The goal of this paper is to contribute to the literature on the dynamic relationship between oil prices and stock prices under the presence of pEconomicsBusiness & Economic
Use of derivatives, financial stability and performance in Turkish banking sector
No full textRecent financial turmoil raised suspicions about the impact of derivatives usage on banking stability. Considering the period between 2007 and 2017, this paper analyzes the impact of derivatives on the financial stability and performance of the Turkish baBusiness, FinanceBusiness & Economic
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