econometric study on aid effectiveness is yet to exist. Using a triangulation of approaches involving the ARDL bounds test … approach and the Johansen maximum likelihood approach to cointegration for the period 1970-2007, we find that foreign aid has a …

unterschiedlichem Tempo und sequencing den Weg zu Demokratie und einer marktwirtschaftlichen Wirtschaftsordnung. Die polit … die Frage, ob die Einführung von Demokratie angesichts umfassender ökonomischer Reformen nicht besser verzögert werden … sollte. Nach einer theoretischen Betrachtung von Governance, Demokratie und Reformen folgt in diesem Beitrag ein Überblick …

expansion of tourism. Cointegration techniques and the multivariate Granger causality test are applied. Results reveal that …

first motivation is to discuss overall industrial policy developments in Turkey since 1980s. Secondly, we aim to recommend … feasible selective industrial policies for Turkey to support structural transformation. Thirdly, we comment on new Industrial … Policy Strategy in Turkey. In that respect, our three basic research questions are, firstly, "is there still any meaningful …

This study investigates the determinants of private sector investments in Turkey with a focus on democracy. Using the … Autoregressive Distributed Lag (ARDL) bounds testing approach and two different democracy indices along with the other determinants … democracy has a profound positive impact on private investment. Moreover, the results show that: (i) public investment is a …

between 1998 and 2014. We incorporate the NPLs level in a multivariate model using the ARDL procedure. The results from the …

/methodology/approach - This study uses the auto-regressive distributive lag (ARDL) approach to understand the relationship between FDI and … correction model of ARDL shed light on institutional stability being an exogenous variable, and FDI is an endogenous variable …

bivariate cointegration between domestic and foreign interest rates. We explain non-stationarity of the interest differential … stochastic trend into the system. Trivariate cointegration between the interest rates and the exchange rate accounts for the … missing stationarity property of the interest differential. We apply the concept to the case of Turkey and Europe, where we …