Dissertation Supervision --Economics 90000--
- Hiroshi Morita "Solving puzzles in foreign exchange markets by hidden Markov models under Bayesian inference"
- Takvor Mutafoglu "Yen carry trade, financial factors and commodity prices" (2010)
- Haitao Liang "Determinants of foreign direct investment" (2010)
- Zeynep Gozum "Policy effects of deficit financing in Turkey"
- Marwa Hassan "Central bank intervention, news and exchange rates " (2009)
This study esxamines the impact and efficacy of central bank intervention on the spot rate, the risk
reversal, and exchange rate volatility in inflation targeting emerging market economies. It controls for
news that appeared in the financial
press about changes in
central banks' exchange rate policy and. Estimates of a reaction function for the central banks are used
as the instruments in
regressions that estimate the effect of intervention.
- Ebru Hisamoglu "Turkey and the EU membership" (2008).
The thesis consists of the three interrelated papers. The first paper critically reviews the economic history of the Ottoman Empire and Turkey and tries to find clues that explaing today's economic conditions. The second paper questions the benefits of the EU membership process for Turkey. First, it investigates the effects of the EU membership process on the institutional quality. Then, it tests the significance of institutions in eplaining the economic growth using the autoregressive distributed lag (ARDL) bounds test methodology by Pesaran and Shin (1999) and Pesaran et al. (2001) The third paper studies empirically the short term interest rate behavior of Turkey and the relevance of German dominance hypothesis for Turkey using Vector Autoregression techniques.The preliminary results of the second paper suggest that there is a long run relation between the institutional quality variables (law and order, corruption and investment climate and bureaucratic quality) and the gdp growth, but when the long run coefficients are estimated in line with the ARDL approach, the coefficients (except bureaucratic quality in some cases) are found mostly insignificant with the exception of the bureaucratic quality. When I repeat the tests with political institutions and factors the data suggest also a long-run relationship with economic growth but mainly a significant short-run relation with internal conflict.
- Nadia Doytch "The impact of manufacturing and service FDI on growth in developing countries" (2007)
"Motivated by some new findings about increasing productivity of the service sector and some structural shift of FDI from manufacturing towards services, this study aims at comparing the growth effects of manufacturing and service FDI. It uses a dynamic Arellano-Bond estimation technique to determine both the economy-wide and sectoral growth effects of manufacturing and service FDI for a panel of 60 countries over the period 1990-2004. The main findings are a strong and robust relationship of manufacturing FDI with both overall economic growth and the growth of the manufacturing sector, inconclusive results about the impact of service FDI on overall growth except for a sub-sample consisting of the most recent years (1998-2004), where the impact is positive and no evidence about an impact of service FDI on the growth of services, except for the same sub-sample (1998-2004), where a marginally significant positive effect appears
- Ekin Tokat
"The impact of financial liberalization on macroeconomic variables" (2005)
- Feng Guo
"Essays on East Asian capital markets: integration and implication for economic activity" (2005)
- Isamu Kato
"Regime change in exchange rate markets" (2004)
- Gulay MacDonald
"Capital flight in Turkey" (1999)