Bu çalışmada 2008 finansal krizinin Avrupa Birliği’nin kamu borcuna etkisi ve Avrupa borç krizi ile kredi temerrüt swapları ilişkisi incelenmiştir. 2008 krizi karmaşık ve yüksek hacimli türev ürünleri kapsaması nedeniyle diğer krizlerden ayrılmaktadır. Türev piyasasında en...

Çalışmamız çevre ve ekonomi ilişkisine dair önemli bir hipotezi ortaya koyan Çevresel Kuznets Eğrisi (ÇKE) Hipotezi üzerinedir. Dünya ekonomisini temsilen 45 ülkenin 40 yıllık verilerinden oluşan panel veri analiziyle, çevre ve ekonomiyi temsilen, CO emisyonu ve kişibaşı...

This paper analyses the relationship between income inequality and economic growth through fiscal policy. To this end, we present and estimate two systems of structural equiation with error components through which gross income inequality determines different fiscal policy outcomes, which...

This paper develops and estimates a dynamic model of stock market participation, where consumers’ decisions regarding stock market participation are influenced by participation costs. The practical significance of the participation costs is considered as being a channel through which financial...

The paper studies the commutative and causality relationship between economic openness and indigenous factors. The construction of the Openness Index and the Indigenous Index provides a measure on the extent of openness and indigenous development among world economies. The two indices are used...

Student achievement has been identified as important contributor to economic growth. This paper investigates the relationship between redistributive government activities and investment in human capital measured by student performance in international comparative tests in Mathematics and Science...

This paper employs a total of thirty four openness factors and indigenous factors to construct two indicators for 62 world economies for the period 1998-2002. While most globalization studies concentrated on openness factors, regression estimates and simulation studies show that sound...

"This paper estimates the inefficiency of Peruvian electricity distribution companies to determine if the expected results from the 90’s reform were met. To do this, we used data for 19 distribution companies for the period 2000 – 2008 using a Cost Stochastic Frontier approach and estimating...

En este artículo estudiamos la estimación de un nivel de equilibrio de la cuenta corriente de la balanza de pagos de Colombia y sus posibles implicaciones para el desalineamiento de la tasa de cambio real. Se siguen dos metodologías alternativas para la estimación. Primero, se realiza una...

This paper analyses some determinants of urban violence in seven major Colombian cities. The empirical research is intended to explore variations in violence across these Colombian cities and the influence of these variations on Colombia´s economic development. In this study, several...