This study analyzes the determinants of arms production in 15 countries using annual panel data from 1997 to 2002. The results suggest that real GDP per capita, military expenditures, arms exports, and arms imports are positively related to arms production.

Bu çalışma Türkiye’de parasal aktarım mekanizmalarının makroekonomik etkilerini yapısal vektör hata düzeltme modeli yardımıyla incelemektedir. Çalışmada hem daraltıcı hem de genişletici parasal bir şokun reel değişkenler üzerindeki etkileri ele alınmaktadır. Önceki...

Bu çalışma, Türkiye hisse senedi piyasasının Avrupa Birliği (AB) ve Amerika Birleşik Devletleri (ABD) hisse senetleri piyasalarına entegrasyonunu, Şubat 2001 krizi öncesi ve sonrası dönemlerine göre incelemektedir. Entegrasyon düzeyinin analizinde, çalışma döviz kurları ile...

The purpose of this paper1 is to examine the effects of financial development on economic growth before and after the implementation of financial reforms. Using panel data averaged on five years we have carried out an empirical study including initially 43 countries covering five years intervals...

The purpose of this paper1 is to examine the effects of financial development on economic growth before and after the implementation of financial reforms. Using panel data averaged on five years we have carried out an empirical study including initially 43 countries covering five years intervals...

This paper presents empirical evidence that the neoclassical explanation of real wage has a high explanatory power at macro level. The factor endowments explanation of wage is surprisingly rare in the literature, at least at empirical level. In this paper, using panel data from 26 OECD...

The purpose of this study is to examine the impact of inflation on agricultural prices. The empirical model developed in that respect was estimated for a panel of twenty eight developed and eighty three developing countries over the period 1980-2007 using panel smooth transition regression...

This study examines possible causal relations among research and development (R&D) expenditures, innovation and economic growth in high income OECD countries. We test for both pairwise and multivariate causal relations by estimating a trivariate panel vector autoregressive (VAR) model through...

This study examines the relationship between technological change and a series of key macroeconomic variables in G7 countries. Basically, we find that the rate of interest has a negative impact on the pace of innovation, while investments in the R&D sector, high-technology exports, as well as...