This paper investigates the long run dynamics of economic growth and biomass consumption nexus by applying dynamic panel analyses for 51 Sub-Sahara African countries for 1980–2009 period. The results show that economic growth is affected by biomass consumption, openness and population...

This paper explores relative price convergence for 18 cities in Turkey. The convergence implies stationarity in the long run. Henceforth, to observe whether price convergence occurs or not, this study conducts unit root tests following Lee and Strazicich (2003) with two structural breaks in...

Today, the major reason for external debt is to finance high public deficits. This study aims to examine the relationship between external indebtedness and growth variables. In this context, Markov-switching model is used because it allows the examination of unobservable variables in an...

This paper considers movements of Foreign Direct Investments (FDI) in Turkey, and therefore, to understand the dynamics of FDI, runs several nonlinear FDI equations in which the basic determinants of FDI in Turkey are determined through Markov Regime-Switching Models (MSMs). The statistical...

The purpose of this paper is to analyze the short run and long run effects of fiscal policy. The classical-Harrodian model developed in Moudud (2000, 1999), which is an extension of Shaikh (1995, 1992, 1991), provides a demonstration of dynamic fiscal policy context. It asserts that the there is...

This study examines the direct tests of the Rational Expectations Hypothesis (REH). Pesando (1975) employs the Livingston survey data of business economists and reaches the rejection of rationality and consistency but not rejection of the efficiency. Analyzing the same data, Carlson (1977)...

This paper looks for the possible outcomes of the determinants of demand for electricity in Turkey. All variables are in per capita. Determinants are electricity production, price index of electricity and income, respectively. Electricity consumption is classified into residential and commercial...

Biomass is one of the major sources of renewable energy in the World. This paper aims at observing primary biomass energy supply in some EU countries within periods1971–2009 and 1982–2009. Following related two panel data sets for biomass in EU, this work employs linear models and nonlinear...