Fresh-cut and ready to eat products are gaining market shares over fruits and vegetables. Dining habits and cooking time are changing over time and life styles are modifying the food preparation and the time used for eating. In the meanwhile, prices could be playing an important role in the...

This paper investigates the macroeconomic sources of time-varying risk premia in Turkish REIT industry within the arbitrage pricing theory framework. Turkish REIT industry differs substantially from the global REIT market as Turkish REITs do not have to pay out dividends, yet enjoy the exemption...

Sanayileşme iktisadi kalkınmanın gerçekleştirilmesi açısından son derece önemlidir. Sanayi üretimindeki gelişmeler büyüme ve ekonomik kalkınmanın dinamiğini oluşturmaktadır. Bu çalışmanın amacı, sanayi üretimini etkileyen iktisadi değişkenleri belirlemek, sanayi...

Bu çalışma, vektör öz gecikmeli (vector autoregression-VAR) modeller kullanarak Türkiye’de döviz kuru ve ithalat fiyatlarının çekirdek tüketici fiyatları (işlenmemiş gıda ve alkollü içecekler-tütün hariç TÜFE) üzerindeki etkisini (geçişkenlik etkisi) incelemektedir....

Bu çalışmanın amacı, seçilmiş gelişmekte olan ülkeler için 1980-2009 dönemine ait verileri kullanarak reel efektif döviz kuru (REER) ile ihracat ve ithalat arasındaki ilişkiyi incelemektir. Bu amaçla vektör hata düzeltme modeli (VECM), standart Granger nedensellik modeli ve...

In this paper, we investigate the asymmetric effect of exchange rate movements on prices in both expansion and recession cycles for the inflation targeting (IT) period in Turkey, from 2002:M1 to 2012:M10, by using a co-integrating non-linear auto regression distributed lag (NARDL) model. This...

This paper aims to test the prevalence of the Lucas critique by use of an applied modelling approach. The Turkish narrow money demand is chosen for investigation purposes and an extensive statistical-based econometric application has been carried out to observe whether the model in question has...

In this paper we empirically investigate the causal link between money and economic growth employing a Markov switching Granger causality analysis. We carry out our investigation using quarterly Turkey real Gross Domestic Product, real M2 and interbank money market rate data which cover the...

The Uruguayan economy has undergone over the past two decades an important growth process, together with a real appreciation of the domestic currency. This implied that the Real Exchange Rate (RER), calculated as TP/NTP, experienced important changes. From this phenomenon, this paper examines...

We analyze the effects of a recent financial reform that enables cross-market investment between Hong Kong and Shanghai stock exchanges. Using a vector error-correction model, we nd that the reform announcement considerably narrows the equilibrium level of price disparity and strengthens the...