Yazar "Gomleksiz, Mustafa" seçeneğine göre listele

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    An Analysis on the Determinants of Total Factor Productivity: The Case of Selected OECD Countries
    (Eskisehir Osmangazi Univ, Fac Education, 2017) Gomleksiz, Mustafa; Sahbaz, Ahmet; Mercan, Birol
    In recent years, it can be argued that a significant part of the cross-country differences in income and economic growth mostly arise from the differences in productivity levels. Thus, the examination of the sources of productivity is an important issue in the context of growth-oriented policies. This study aims to investigate potential determinants of total factor productivity. In this respect, the effects of human capital, R&D, trade openness and high technology product imports on total factor productivity are analyzed across the selected 12 OECD countries for the 1993-2014 period. The findings of the analysis show that R&D, trade openness and high-technology imports are important determinants of productivity growth. Also, the results indicate no significant evidence for human capital.
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    The Regional Dynamics of Economic Growth: Evidence from GMM Estimation in Turkey
    (Kasersart Univ, Fac Economics, 2019) Gomleksiz, Mustafa; Ozsahin, Serife
    Recently, a growing body of research has dealt with the causes of growth differences in the context of regional economies. It can be argued that such differences mostly arise from a variety of economic and structural determinants pertain to regional characteristics. This study investigates the effects of potential determinants of regional economic growth in Turkey. In this respect, we examine the impact of human capital, R&D, exports, public investments, inflation and unemployment on per capita regional income across the 26 NUTS 2 regions 2008-2014 period. The results of the difference and the system GMM estimations show that human capital and R&D are essential for economic growth at a regional level. According to the results, exports, public investments, and inflation are also important determinants of regional economic growth. However, empirical results indicate an inverse relationship between regional growth and unemployment.
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    Regional Economic Convergence in Turkey: Does the Government Really Matter for?
    (Mdpi, 2017) Gomleksiz, Mustafa; Sahbaz, Ahmet; Mercan, Birol
    Solow (1956) has made an essential contribution to the Neo-classical growth approach through the economic convergence hypothesis. It assumes that poorer countries' or regions' per capita incomes tend to grow at faster rates than the richer ones. Convergence could occur either among a group of economies with the same steady states or within regions in which their fundamental dynamics differ, and thus they exhibit multiple steady states. This study aims to investigate convergence with respect to GDP per capita across NUTS 2 regions in Turkey for the time period 2004-2014. In the convergence process, we also inquire into role of government in terms of regional government investments and fixed investment incentives. All the empirical results confirm the validity of the convergence hypothesis at a regional level. Also, in the context of the convergence process, it is possible to conclude that the role of government is likely to be decisive in solving regional economic disparities.
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    WHAT IS NEW ABOUT THE PPP THEORY IN THE NORDIC COUNTRIES? EVIDENCE FROM PANEL UNIT ROOT TESTS WITH SHARP BREAKS AND GRADUAL SHIFTS
    (Inst Economic Forecasting, 2022) Dinc, Mehmet; Gomleksiz, Mustafa; Dinc, Ozlem Gul
    The Purchasing Power Parity (PPP) theory simply refers to a rate of exchange that eliminates price level differences between countries, equalizing the purchasing power of different currencies. The theory provides some essential tools in determining exchange rates and equilibrium conditions. This study investigates the long run validity of the PPP in five Nordic countries over the monthly data in the 1976-2019 period. We use a panel LM unit root test to detect sharp breaks as well as a novel method based on the Fourier approximation taking into account gradual shifts in the real exchange rates. Firstly, despite the past evidence, results of the panel unit root test with sharp break are mostly consistent with the PPP relationship in the group of Nordic countries. Secondly, we obtain mixed results from the Fourier panel stationarity test based on the number of frequencies, implying notable evidence for the PPP in the whole and pre-Euro periods. Taking together results of the two tests, it is possible to conclude that an empirical approach which captures the nature of structural change in price adjustments is more preferable as compared to conventional tests.