This paper uses the panel data of energy consumption (EC) and economic growth (GDP) for 51 countries from 1971 to 2005. These countries are divided into three groups: low income group, lower middle income group and upper middle income group countries. Firstly, a relationship between energy...

This paper aims to investigate the relationship between energy consumption and economic growth for 11 East Asian countries over the period 1971-2005 by taking into account their strong relationships. Based on fully modified ordinary least squares (FMOLS) and dynamic OLS (DOLS) approaches, while...

Unlike previous energy consumption-economic growth studies, this study examines the relationship among energy consumption, economic growth, employment and gross fixed capital formation for 17 highly developed OECD countries by employing both the Toda–Yamamoto procedure which based on...

Using data on per capita income among 67 provinces in Turkey over the period 1975--2001, regional stochastic convergence is evaluated. This study employees the LM unit root test to endogenously determine the number and location of structural breaks for each province. On the contrary, convergence...

It’s expected that the increasing competition will influence the firms on many ways. Under the competitive environment, firm’s abnormal profits will erode. On this context, profitability of competing firms will not be persistent in the long run and therefore decrease. The hypothesis which...

This paper is aim to test the validity of the purchasing power parity hypothesis by analyzing the transition economies such as Bulgaria, Czech Republic, Hungary, Poland, Romania. For this purpose, the minimum LM unit root test with one structural break is applied to real exchange rate data.

Son zamanlarda, küresel isinma ve küresel isinmanin iklim degisikligi üzerindeki potansiyel etkisi üzerine kamunun ilgisi acik bir sekilde artmaktadir. Buna bir tepki olarak, hükümetler küresel isinmayi hafifletme icin uluslararasi iklim degisikligi stratejileri planlamaya...

The purchasing power parity (PPP) has been amongst the most tested theories in the international finance literature. The empirical findings from the extant literature for the PPP hypothesis are mixed. This article applies univariate and panel Lagrange Multiplier (LM) unit root tests with one and...

In this paper, we examine the issue of volatility for both official and black market exchange rates of the Turkish lira using the monthly exchange rate against the US dollar for the period 1969-1998. The main findings are: 1) conditional shocks have a positive effect on exchange rate volatility;...

This paper re-examines the Purchasing Power Parity (PPP) hypothesis in which the endogenously determined break points are incorporated in thirteen major Middle East and Northern Africa (MENA) countries by using official and black market exchange rates data over 1970-1998. We utilize Lagrange...