265 research outputs found
Environmental Deterioration, Renewable Energy, Natural Resource Rents, and Schooling in Türkiye: Does the Degree of Energy Transition Matter for Environmental Quality?
No full textBulut, Umit/0000-0002-8964-0332Within the literature on energy and environmental economics, it is generally acknowledged that renewable energy can improve environmental quality; however, certain papers suggest that an optimal level of the usage of renewable energy sources may exist. Consequently, the utilization of renewable energy sources can result in environmental degradation up to a certain threshold. Then, environmental quality can be enhanced through the continued application of renewables. This indicates that the link between renewable energy and environmental devastation is inverted U-shaped. This paper presents empirical evidence concerning this possible association between renewable energy and environmental destruction in T & uuml;rkiye, a country where fossil energy predominates in the energy mix. Additionally, the paper investigates the environmental influences of natural resource rents and schooling. This study utilizes annual data from 1971 to 2020 and implements time series methodologies that rely on the Fourier approximation. The paper thus accounts for an undetermined quantity of structural breaks. The results suggest that an inverted U-shaped link occurs between renewable energy and environmental destruction, signifying renewable energy initially contributes to a diminution in environmental quality before subsequently improving it. Additionally, environmental quality is positively associated with natural resource rents and negatively associated with schooling, according to the findings. Furthermore, the findings reveal that schooling worsens the combined effect of renewable energy on environmental degradation. These conclusions are discussed in the paper
Impact of domestic credits on the current account balance: A panel ARDL analysis for 15 OECD countries
No full textA very fast credit growth that is denominated as a credit boom not only contributes to financial and economic growth, but also can have negative effects on the current account balance and can increase the probability of a financial crisis stemming from the current account deficit. This study aims to investigate whether domestic credits affect the current account balance. For this purpose, the panel data set of 15 OECD countries was used for the period 1986-2010. The results obtained from the panel ARDL analysis prove that domestic credits have a negative impact on the current account balance, as was expected. © Ekrem Erdem, Gulbahar Ucler, Umit Bulut, 2014
That Uncertain Voice:Voice-as-Skin
No full textBased on Zeynep Bulut’s book, Building a Voice: Sound, Surface, Skin (Goldsmiths Press, 2025), this presentation and discussion will explore how voice can be imagined as skin and what such a conception offers in times of crisis and uncertainties. Drawing on the notions and practices of embodied voice in experimental music and participatory media art, the event will revisit individual, collective, and multi-sensory processes of voice-making in everyday life. In so doing, it will consider the conception of a voice, one that is both individual and anonymous, and one that functions like a skin, a multi-sensory interface and surface that both connects and differentiates bodies of all kinds without being limited to discursive labels of language. Through the notion of voice-as-skin, this book presentation and discussion will reflect on the ethical implications and significance of voice-making processes for global issues like environmental crisis and artificial intelligence, while also questioning rushed forms of communication and presumed understandings of empathy. Zeynep Bulut is a voice and sound theorist. She is a lecturer in Music at SARC, Centre for Interdisciplinary Research in Sound and Music, at Queen’s University Belfast. Her work theorises the emergence, embodiment and mediation of voice as skin. She is the author of Building a Voice: Sound, Surface, Skin (Goldsmiths Press, 2025). Her articles have appeared in various volumes and journals including The Oxford Handbook of Sound Art, Perspectives of New Music, Postmodern Culture, and Music and Politics. She is project lead for the research platform Music, Arts, Health, and Environment, supported by the Economic and Social Research Council’s Impact Acceleration Account at QUB. Alongside her scholarly work, she has also exhibited sound works, composed and performed vocal pieces for concert, video, and theater, and released two singles. Her composer profile has been featured by British Music Collection. She is a certified practitioner of Deep Listening. Brandon LaBelle is an artist, writer, theorist, and artistic director of The Listening Biennial. His work focuses on questions of agency, community, pirate culture, and poetics, which results in a range of collaborative and extra-institutional initiatives, including: Communities in Movement (2019-23), The Living School (with South London Gallery, 2014-16), Oficina de Autonomia (2017–), The Imaginary Republic (2014–19), Dirty Ear Forum (2013-22), Surface Tension (2003-08), and Beyond Music Sound Festival (1998-2002). In 1995, he founded Errant Bodies Press, an independent publishing project supporting work in sound art and studies, performance and poetics, artistic research and contemporary political thought. His publications include: Poetics of Listening (2025), Acoustic Justice (2021), The Other Citizen (2020), Sonic Agency (2018), Lexicon of the Mouth (2014), Acoustic Territories (2010, 2019), and Background Noise (2006, 2015). Holger Schulze is a full professor of musicology at the University of Copenhagen and the principal investigator at the Sound Studies Lab. His sonic anthropology explores how sounds and listening in the 21st century stabilise, disrupt, and permeate everyday life. Artistic practices and everyday objects are both of equal concern to his sonic critique. He is currently writing a book on meme music and working on The Bloomsbury Encyclopedia of Sound Studies in three volumes (as one of three editors-in-chief with Jennifer Stoever and Michael Bull), as well as The Bloomsbury Handbook of Sound in Museums (with Alcina Cortez, Gabriele Rossi Rognoni, and Eric de Visscher). His publications include: The Bloomsbury Handbook of the Anthropology of Sound (2021, ed.), Sonic Fiction (2020), The Sonic Persona (2018) and Sound as Popular Culture. A Research Companion (2016, co-ed. with Jens Gerrit Papenburg).00:00 Introduction by Christoph F. E. Holzhey04:36 Talk by Zeynep Bulut36:00 Discussio
Co-movements and causalities between ethanol production and corn prices in the USA: New evidence from wavelet transform analysis
No full textThe literature has been increasingly examining the existence of possible compatibility or conflict hypotheses between biofuels and food security in recent years. While current research outputs do not provide a consensus, the new evidence can guide sustainable development policies. In this context, this paper investigates the co -movements between fuel ethanol production and corn prices for the US employing oil production, population, and real exchange rate control variables via the Morlet wavelet analysis from 1990:m1 to 2021:m4. The results of the analysis provide empirical evidence for the dynamics of the relationship between ethanol production and corn prices in the short and long term. However, the striking output of this paper is that increases in corn prices have followed increases in fuel ethanol production in the US markets since 2010. Especially in the long-term (from 2010:m3 to 2019:m12), the increase in ethanol production caused an increase in corn prices. From a sustainable development perspective, this paper points to the existence of a conflict between ethanol production and corn prices in the US over the past decade
The resilience of green firms in the twirl of COVID-19: Evidence from S&P500 Carbon Efficiency Index with a Fourier approach
No full textThis paper investigates the resilience of environmentally friendly companies in an overwhelming economic and social environment that has been generated after the outbreak of the novel coronavirus disease (COVID-19) pandemic. To this respect, we have investigated the cointegration between the Standard & Poor's (S&P) 500 Carbon Efficiency Index (CEI) with COVID-19 cases, supplemented with covariates such as government response stringency to the pandemic, economic policy uncertainty, oil prices and global markets fluctuations. We have used daily data from 2nd January to 5th October 2020 and have employed a robust estimator within a Fourier approach to accommodate both sharp and smooth breaks. Our results suggest that green companies have been positively affected by the outbreak of COVID-19. Our paper provides practical implications for companies that wish to furnish themselves with resilience during rough times and stakeholders who wish to invest in safe, long-lasting returns
The effect of freedom on international tourism demand: Empirical evidence from the top eight most visited countries
No full textThe present study investigates the impact of freedom (i.e. the effects of political rights and civil liberties) on tourist arrivals for the eight countries with the highest tourist arrivals in 2016 (France, the United States, Spain, China, Italy, the United Kingdom, Germany, and Mexico), using annual data from 1998 to 2016, through advanced panel data methods. Notably, the key strengths of this study are as follows: (i) it examines the impact of institutional quality on international tourism demand for the most visited countries and (ii) it employs advanced panel data techniques, which have been suggested in recent years. We first constituted a freedom index using political rights and civil liberties data. Second, we performed cross-sectional dependence (CD) tests to examine whether there existed CD in the panel data set. After detecting the presence of CD, we used panel unit root and cointegration tests, which are robust to CD to avoid problems from spurious regression. Finally, we estimated long-run parameters of the empirical model through a panel data estimator that is capable of presenting efficient and unbiased output in the presence of CD. Our empirical findings show that the level of freedom may play a role in explaining the volume of international tourist arrivals. Theoretical and policy implications are discussed in the study, particularly with respect to the importance of rights and freedom in the context of international inbound tourist arrivals
The shale gas production and economic growth in local economies across the US
No full textRecently, several seminal works have been drawing attention to the revolution of shale gas production technology of the USA, the impact of shale gas on energy sectors, as well as the influences of shale gas on macroeconomic variables of employment, economic growth, etc. Nevertheless, one may claim that two gaps appear in literature. The first gap is the absence of an econometric study estimating the effect of shale oil/gas on national economies. The more considerable second gap is the absence of econometric analyses revealing the impulses of shale gas on local economies. Therefore, this paper observes the possible causalities between the shale gas and local gross domestic product (GDP) employing quarterly data covering the period 2007-2016 for 12 states in the US. After performing the tests of cross-sectional dependence, heterogeneity, stationarity, and cointegration, the paper conducts the panel Granger causality analyses. The empirical findings depict that (i) there is available unidirectional relationship from local shale gas production to local GDP in Colorado, Ohio, and West Virginia; (ii) there occurs an impulse from GDP to local shale gas production for Louisiana, North Dakota, and Oklahoma; (iii) a bidirectional causality coexists between local shale gas production and GDP in Arkansas, California, and Texas; and (iv) there exists no association between local GDP and local shale gas extraction in Montana, New Mexico, and Wyoming
Financial Conditions Index as a Leading Indicator of Business Cycles in Turkey
No full textWOS: 000409545700019A financial conditions index (FCI) is an instrument that is developed using some financial variables in order to predict future output and/or inflation. Therefore, some studies in the literature examine the relationship between FCI and output gap/growth to determine whether the FCI is a leading indicator of business cycles. This study aims at investigating the relationship between output gap and FCI for Turkey by utilizing quarterly data covering the period 2005:1-2015:3. In other words, the study examines whether the FCI can be a leading indicator of business cycles in Turkey. For this purpose, the study, first, presents an FCI that has been recently developed for Turkey and reveals that the FCI is able to present the developments in the Turkish economy and in the world. Second, the study employs unit root tests and cointegration tests. The study finally performs vector autoregressive (VAR) analysis and the bootstrap Granger causality test to examine the relationship between FCI and output gap in Turkey. Both VAR analysis and the bootstrap Granger causality test indicate that the FCI has predictive power in forecasting future output gap in Turkey. Based on these findings, this study yields that the FCI in this study can be used as a leading indicator of business cycles in Turkey
Inflation Expectations in Turkey: Determinants and Roles in Missing Inflation Targets
No full textWOS: 000446310200005This paper aims at specifying the determinants of 12-month ahead and 24-month ahead inflation expectations in Turkey by using monthly data from April 2006 to December 2016. Put differently, this paper tries to shed light on how inflation expectations respond to changes in past inflation rate, inflation target, output gap, USD/TL exchange rate, oil price, and EMBI in Turkey. To this end, the paper first conducts unit root tests in order to detect the order of integration of the variables. Then, the paper employs the autoregressive distributed lag approach to examine whether there is a cointegration relationship among variables and to estimate long-run parameters. According to the findings, 12-month ahead expected inflation rate is positively related to past inflation rate, inflation target, output gap, USI)/TL exchange rate, and oil price and is negatively related to EMBI. Besides, 24-month ahead expected inflation rate is positively related to past inflation rate and USD/TL exchange rate and is negatively related to inflation target and EMBI. Upon its findings, the paper makes some inferences about the success of inflation targeting strategy in Turkey
The economic implications of the COVID-19 outbreak on tourism industry: Empirical evidence from Turkey
No full textThe novel coronavirus (COVID-19) pandemic has caused tremendous fear and uncertainty and affected health, economy, and social life in an unprecedented form worldwide. Yet, the level of knowledge on its economic implications is very limited. Therefore, it is of paramount importance to explain the health, social, and economic impacts of COVID-19. Because the tourism is one of the most affected industries by the pandemic, this study aims to explain the effects of COVID-19 cases and deaths, global fear, and government responses on Turkey's tourism industry. Empirical findings show that the tourism industry reacts negatively to new cases, number of deaths, and global fear measures. Also, government containment and health measures and economic supports positively affect the tourism industry. Furthermore, government stringency policies drive down the tourism industry's performance. The findings of this study provide significant implications for tourism and travel firms, policy makers, and future research
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