We empirically analyze the main economic factors affecting the export and import levels in Turkish agriculture sector. Using monthly time series of certain domestic and international variables, we make three complementary analysis; namely, principal component analysis, causality and...

Purpose – The purpose of this paper is to analyze cointegration and causality relationships between spot and futures markets in Turkish foreign-exchange markets. Design/methodology/approach – The research employs Bounds cointegration test and Toda-Yamamoto causality test to detect a possible...

This paper closes a gap in the relevant literature by investigating the role of a country's competitiveness on international capital mobility using robust panel multiple regressions with fixed and random effects. In this study, we use the Global Competitiveness Index to measure a country's...

We employ duration-dependent Markov-switching vector auto-regression (DDMSVAR) methodology to construct an economic cycle model for an emerging economy. By modifying the software codes for DDMSVAR methodology written by Pelagatti (2003), we show how to estimate the economic cycles in an emerging...

Bu makale, portföy yatýrýmlarýnda bir karar destek sistemi olarak rejim geçiþken modellerin ne þekilde kullanýlabileceðini geliþmekte olan hisse senedi piyasalarýna ait zaman serilerini ve Gauss yazýlým programýný kullanarak incelemektedir. Yönetim biliþim sistemlerinde, model...

Purpose – The purpose of this paper is to analyze cointegration and causality relationships between spot and futures markets in Turkish foreign‐exchange markets. Design/methodology/approach – The research employs Bounds cointegration test and Toda‐Yamamoto causality test to detect a...

Purpose – This paper sets out to apply chaos theory to the prediction of stock returns using Greek and Turkish stock index data. The aim of the analysis is to empirically show whether the markets have informational efficiency, in a comparative perspective. Design/methodology/approach – The...