In this paper, we investigate competition in Turkish banking sector over the period 2003– 2012. In order to understand the competitive condition in Turkish banking sector, we use the well-known Panzar-Rosse model based on a nonstructural estimation of the H-statistic by employing the quarterly...

With the globalization process, economic, commercial and technologic boundaries have become uncertain and in this way capital transfer has been possible between different countries. Capital transfers which is realized through short term foreign portfolio investment and foreign direct investment...

In developing countries adequate and necessary investment cannot be realized since their domestic savings rate is low and foreign savings rate is very low. Here FDI helps diminish domestic and foreign savings deficits. Capital account liberalization in Turkey was initiated in conjunction with...

Although the oil price is determined by demand and supply, it is also affected by lots of variables such as economic, political and technical conditions. On the other hand, fluctuations in oil price have also effect on macroeconomic stability. Oil price has an important role in Turkey, since...

To development and management of the water resources, fluctuations over the amount of water resources should be determined. Fluctuations depend on the rainfall, runoff, geological, meteorological properties of the area and many others. Scientist studied to determine this process using physical...

Today, the services industry is changing in the world. The new technologies have changed the method of service representation to customer in many of service organizations. Bank services have been changed basically because communication and information technology. In this study, it has been...

Recently, the view that culture matters for economic development has gained much ground within institutional economics; scholars have provided us with empirical evidence on the positive effect of culture on economic performance. This evidence shows, in some cases, the overwhelming effect of...

The experts believe that the institutions factor is the successful key of the country (Robinson and Acemoglu, 2012). In the economic development point of view, institutional change as same as important with institutional design itself. Institutional change is the permanent process that will...

Former growth theories did not give a satisfactory answer to stimuli of economic growth and possibilities of sustainable growth. An important contribution to the economic growth theories was given by research in institutional economics. Today formal and informal institutions such as rule of law,...

The purpose of this paper is to study a fundamental cause of the economic crisis which suffers the current capitalism economy. The basic approach we adopt is as follows.Firstly, we show that the capitalism economy cannot largely deviate from the balance which is defined by natural economy. Our...