TR Dizin İndeksli Yayınlar Koleksiyonu / TR Dizin Indexed Publications Collection
Permanent URI for this collectionhttps://hdl.handle.net/20.500.14365/4
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Article Determinants of Energy Use in Turkish Manufacturing Industry: A Supply Side View(2024-11-26) Berk, İstemi; Yetkiner, HakanThis paper aims to assess the supply-side determinants of firm-level energy use. To this end, we first propose a model for a stylized economy using Solovian framework, in which the production function employs energy input, along with capital and labor. We show the full algebraic solution of the model at the steady-state and in the transitional period and derive the supply-side determinants of energy consumption. Then, using firm-level micro panel data on the Turkish manufacturing industry from 2009 to 2015, we test the proposed model with static and dynamic panel data estimators. Our empirical results suggest that the proposed model is consistent with Turkish manufacturing data. Out of the supply-side determinants, firms’ output/value-added and total factor productivity, as a proxy for technological progress, are found to be the most significant determinants of firm-level energy use. Estimations also reveal quite heterogenous effects of technology on energy use in different manufacturing subsectors. Hence, although promoting technological change in the manufacturing industry is, without a doubt, the most convenient way to reduce energy use, policymakers should develop sector-specific incentives to achieve this goal.Article Convergence in Income Inequality Across the Eu-15(2022-07-26) Demir, Caner; Cergibozan, Raif; Arı, Ali; Yetkiner, HakanThe purpose of this study is to examine whether there is convergence in income inequality across the European Union-15 (EU-15) member countries over the 1988-2017 period. The system-GMM estimations suggest a significant convergence process in income inequality between EU-15 countries, but at higher values of the Gini coefficient. This ‘unpleasant’ result may indicate the inefficiency of extensive EU social and developmental projects and programs aimed at reducing national and regional disparities. The estimates also show more rapid convergence between the EU-15 countries when the country-specific economic and political control variables are included. On the other hand, our results indicate that an increase in FDI inflows leads to higher income inequality within individual countries while in countries where political rights and civil liberties are well established, income inequality tends to be lower.Article Citation - WoS: 28Citation - Scopus: 27Financial Development Convergence: New Evidence for the Eu(Central Bank Republic Turkey, 2017-06) Kilinc, Dilara; Seven, Unal; Yetkiner, Hakan; Yetkiner, İbrahim HakanThis paper aims to investigate whether the banking and stock market measures among European Union countries have been subject to a convergence process in order to verify whether the transition from the European Monetary System to the Single Currency in the last five decades have led to the integration of financial markets. We show that banking and stock market measures tend to converge across the EU over time, and the process is even improved by controlling for the quality of country level institutions and a range of macroeconomic variables. We conclude that there is a degree of success in the financial integration process of EU countries and therefore recommend that the EU accelerates financial integration to completion rather than to slowing the process. (C) 2017 Central Bank of The Republic of Turkey. Production and hosting by Elsevier B.V.