Monetary theory traditionally assumes that economic agents hold the domestic currency for transactions and speculative purposes. However the v/idespread financial innovation has made the movements offunds and transfer of information across markets more rapid and less costly, leading to an...

Previous empirical studies examining the determinants of re-enlistment probabilities have generally employed a univariate approach and have suggested that expected further education increases the likelihood of joining the army. However, the re-enlistment and further education decisions can be...

The aim of this study is to explore the determinants of the out-of-pocket expenditures on health in selected hospitals of the capital city Ankara, Turkey. Maximum likelihood logistic analysis is used to estimate the relationship between the likelihood of incurring out-of-pocket payments and a...

Tourism sector entails both costs and benefits to the economy. The costs are mainly emphasized as opportunity costs. On the other hand tourism revenues may have growth promoting potential benefits: It is a source for deriving foreign exchange which can be used to import capital goods for...

Attiat Ott and Richard Cebula have recognised the need to present, in an accessible and straightforward way, the voluminous literature in the public economics arena. Advances in econometric techniques and the spillover of knowledge from other disciplines made it difficult, not only for students...

This paper aims to investigate the direct relationship between inflation and inflation uncertainty by employing a dynamic method for the monthly country–region–place United States data for the time period 1976–2007. While the bulk of previous studies has employed GARCH models in...

Following a brief account of the history and structure of Turkey's armed forces, the article reports on an effort to profile current conscripts using survey data. The samples suggest that over 50 percent of the conscripts believe that they would like to enlist beyond the conscription period, and...

The ongoing Turkish-Greek antagonism has triggered the interest of defense economists to investigate the various aspects of the arms race between Turkey and Greece. However, empirical studies examining the long-run relationship between the military expenditures of the two countries offer little...