Phone: +90 212 440 00 00 - 11422 Address: http://aves.istanbul.edu.tr/SorguYayinlar.aspx?Sorgu=40318
Istanbul University, Faculty of Economics, Department of Econometrics, 34452 Beyazit/Fatih-Istanbul
Abstract
This study examines the relationship between technological change and a series of key m... more Abstract
This study examines the relationship between technological change and a series of key macroeconomic variables in G7 countries. Basically, we find that the rate of interest has a negative impact on the pace of innovation, while investments in the R&D sector, high-technology exports, as well as net FDI inflows enhance technological change. The most surprising result of our analysis concerns the openness to trade ratio. Contrary to theoretical expectations and the findings of previous empirical researches, we were unable to find a positive or negative significant relationship between openness to trade and the rate of innovation in this study.
Abstract
The ongoing floating exchange rate regime in Turkey since 2001 brings about both positi... more Abstract
The ongoing floating exchange rate regime in Turkey since 2001 brings about both positive and negative impacts on the economy. Although, foreign exchange market relatively happens to retrieve stability, TL strengthening has detrimental side effects on the current account balance in the Turkish Economy. The purpose of this study is to investigate the effects of the real effective exchange rate on the current account balance in the Turkish Economy for the period 2003:01-2010:12 by applying time series econometric analysis. In the study, it is found that the real effective exchange rate inversely affects the current account balance in the long run, indicating Marshall- Lerner condition holds in the Turkish Economy in the long run. According to the impulse response results, the J-Curve effect exists in the Turkish Economy. Thus, competitiveness oriented currency, monetary and fiscal policies must be efficiently designed and applied in the Turkish Economy to achieve sustainable current account balance path.
Abstract
Under the highly globalized and competitive world economy conditions, science-technolog... more Abstract
Under the highly globalized and competitive world economy conditions, science-technology and innovation oriented competitiveness strategy is the most important factor for countries not only to strengthen their global competitiveness but also to achieve sustainable long run growth. Main aim of this study is to investigate the effects of science-technologyinnovation oriented global competitiveness strategies and transmission mechanism on the economic growth for the highincome OECD.
It is found that countries which have science-technology-innovation oriented global competitiveness strategies have sustainable competitiveness and long run growth. For this reason, countries should be designed science-technologyinnovation oriented economic strategies and policies in order to achieve sustainable global competitiveness and long run growth.
Abstract
Global economic crisis spreading in the world economy in 2008 damaged importantly macroe... more Abstract Global economic crisis spreading in the world economy in 2008 damaged importantly macroeconomic fundemantals of economies across the world economy. Global economic crisis hit rock bottom in 2009 had important negative effects on the aggregate demand, supply, financial conditions, expectatations and welfare level. Main aim of this study is to investigate the effects of global economic crisis on Turkic Republics, Azerbaijan, Kazakhistan, Kyrgyzstan, Uzbekistan and Turkmenistan. Main result of the study is that the effects of global economic crisis on the Turkic Republics differentiated by economic structures, integration level for the world economy and foreign dependency level of the economies. It is necessary to develop efficient global competitivenness-oreiented economic policies in order to decrease their fragility against the internal and external shocks, increase global competitiveness and reduce foreign dependency for Turkic Republics.
Key Words: Global Economic Crisis, Turkic Republics’ Economies
Abstract
This study examines the relationship between technological change and a series of key m... more Abstract
This study examines the relationship between technological change and a series of key macroeconomic variables in G7 countries. Basically, we find that the rate of interest has a negative impact on the pace of innovation, while investments in the R&D sector, high-technology exports, as well as net FDI inflows enhance technological change. The most surprising result of our analysis concerns the openness to trade ratio. Contrary to theoretical expectations and the findings of previous empirical researches, we were unable to find a positive or negative significant relationship between openness to trade and the rate of innovation in this study.
Abstract
The ongoing floating exchange rate regime in Turkey since 2001 brings about both positi... more Abstract
The ongoing floating exchange rate regime in Turkey since 2001 brings about both positive and negative impacts on the economy. Although, foreign exchange market relatively happens to retrieve stability, TL strengthening has detrimental side effects on the current account balance in the Turkish Economy. The purpose of this study is to investigate the effects of the real effective exchange rate on the current account balance in the Turkish Economy for the period 2003:01-2010:12 by applying time series econometric analysis. In the study, it is found that the real effective exchange rate inversely affects the current account balance in the long run, indicating Marshall- Lerner condition holds in the Turkish Economy in the long run. According to the impulse response results, the J-Curve effect exists in the Turkish Economy. Thus, competitiveness oriented currency, monetary and fiscal policies must be efficiently designed and applied in the Turkish Economy to achieve sustainable current account balance path.
Abstract
Under the highly globalized and competitive world economy conditions, science-technolog... more Abstract
Under the highly globalized and competitive world economy conditions, science-technology and innovation oriented competitiveness strategy is the most important factor for countries not only to strengthen their global competitiveness but also to achieve sustainable long run growth. Main aim of this study is to investigate the effects of science-technologyinnovation oriented global competitiveness strategies and transmission mechanism on the economic growth for the highincome OECD.
It is found that countries which have science-technology-innovation oriented global competitiveness strategies have sustainable competitiveness and long run growth. For this reason, countries should be designed science-technologyinnovation oriented economic strategies and policies in order to achieve sustainable global competitiveness and long run growth.
Abstract
Global economic crisis spreading in the world economy in 2008 damaged importantly macroe... more Abstract Global economic crisis spreading in the world economy in 2008 damaged importantly macroeconomic fundemantals of economies across the world economy. Global economic crisis hit rock bottom in 2009 had important negative effects on the aggregate demand, supply, financial conditions, expectatations and welfare level. Main aim of this study is to investigate the effects of global economic crisis on Turkic Republics, Azerbaijan, Kazakhistan, Kyrgyzstan, Uzbekistan and Turkmenistan. Main result of the study is that the effects of global economic crisis on the Turkic Republics differentiated by economic structures, integration level for the world economy and foreign dependency level of the economies. It is necessary to develop efficient global competitivenness-oreiented economic policies in order to decrease their fragility against the internal and external shocks, increase global competitiveness and reduce foreign dependency for Turkic Republics.
Key Words: Global Economic Crisis, Turkic Republics’ Economies
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This study examines the relationship between technological change and a series of key macroeconomic variables in G7 countries. Basically, we find that the rate of interest has a negative impact on the pace of innovation, while investments in the R&D sector, high-technology exports, as well as net FDI inflows enhance technological change. The most surprising result of our analysis concerns the openness to trade ratio. Contrary to theoretical expectations and the findings of previous empirical researches, we were unable to find a positive or negative significant relationship between openness to trade and the rate of innovation in this study.
The ongoing floating exchange rate regime in Turkey since 2001 brings about both positive and negative impacts on the economy. Although, foreign exchange market relatively happens to retrieve stability, TL strengthening has detrimental side effects on the current account balance in the Turkish Economy. The purpose of this study is to investigate the effects of the real effective exchange rate on the current account balance in the Turkish Economy for the period 2003:01-2010:12 by applying time series econometric analysis. In the study, it is found that the real effective exchange rate inversely affects the current account balance in the long run, indicating Marshall-
Lerner condition holds in the Turkish Economy in the long run. According to the impulse response results, the J-Curve effect exists in the Turkish Economy. Thus, competitiveness
oriented currency, monetary and fiscal policies must be efficiently designed and applied in the Turkish Economy to achieve sustainable current account balance path.
Under the highly globalized and competitive world economy conditions, science-technology and innovation oriented competitiveness strategy is the most important factor for countries not only to strengthen their global competitiveness but also to achieve sustainable long run growth. Main aim of this study is to investigate the effects of science-technologyinnovation oriented global competitiveness strategies and transmission mechanism on the economic growth for the highincome OECD.
It is found that countries which have science-technology-innovation oriented global competitiveness strategies have sustainable competitiveness and long run growth. For this reason, countries should be designed science-technologyinnovation oriented economic strategies and policies in order to achieve sustainable global competitiveness and long run growth.
Keywords
Competitiveness; Economic Growth; Technology-Innovation
Global economic crisis spreading in the world economy in 2008 damaged importantly macroeconomic fundemantals of economies across the world economy. Global economic crisis hit rock bottom in 2009 had important negative effects on the aggregate demand, supply, financial conditions, expectatations and welfare level. Main aim of this study is to investigate the effects of global economic crisis on Turkic Republics, Azerbaijan, Kazakhistan, Kyrgyzstan, Uzbekistan and Turkmenistan. Main result of the study is that the effects of global economic crisis on the Turkic Republics differentiated by economic structures, integration level for the world economy and foreign dependency level of the economies. It is necessary to develop efficient global competitivenness-oreiented economic policies in order to decrease their fragility against the internal and external shocks, increase global competitiveness and reduce foreign dependency for Turkic Republics.
Key Words: Global Economic Crisis, Turkic Republics’ Economies
This study examines the relationship between technological change and a series of key macroeconomic variables in G7 countries. Basically, we find that the rate of interest has a negative impact on the pace of innovation, while investments in the R&D sector, high-technology exports, as well as net FDI inflows enhance technological change. The most surprising result of our analysis concerns the openness to trade ratio. Contrary to theoretical expectations and the findings of previous empirical researches, we were unable to find a positive or negative significant relationship between openness to trade and the rate of innovation in this study.
The ongoing floating exchange rate regime in Turkey since 2001 brings about both positive and negative impacts on the economy. Although, foreign exchange market relatively happens to retrieve stability, TL strengthening has detrimental side effects on the current account balance in the Turkish Economy. The purpose of this study is to investigate the effects of the real effective exchange rate on the current account balance in the Turkish Economy for the period 2003:01-2010:12 by applying time series econometric analysis. In the study, it is found that the real effective exchange rate inversely affects the current account balance in the long run, indicating Marshall-
Lerner condition holds in the Turkish Economy in the long run. According to the impulse response results, the J-Curve effect exists in the Turkish Economy. Thus, competitiveness
oriented currency, monetary and fiscal policies must be efficiently designed and applied in the Turkish Economy to achieve sustainable current account balance path.
Under the highly globalized and competitive world economy conditions, science-technology and innovation oriented competitiveness strategy is the most important factor for countries not only to strengthen their global competitiveness but also to achieve sustainable long run growth. Main aim of this study is to investigate the effects of science-technologyinnovation oriented global competitiveness strategies and transmission mechanism on the economic growth for the highincome OECD.
It is found that countries which have science-technology-innovation oriented global competitiveness strategies have sustainable competitiveness and long run growth. For this reason, countries should be designed science-technologyinnovation oriented economic strategies and policies in order to achieve sustainable global competitiveness and long run growth.
Keywords
Competitiveness; Economic Growth; Technology-Innovation
Global economic crisis spreading in the world economy in 2008 damaged importantly macroeconomic fundemantals of economies across the world economy. Global economic crisis hit rock bottom in 2009 had important negative effects on the aggregate demand, supply, financial conditions, expectatations and welfare level. Main aim of this study is to investigate the effects of global economic crisis on Turkic Republics, Azerbaijan, Kazakhistan, Kyrgyzstan, Uzbekistan and Turkmenistan. Main result of the study is that the effects of global economic crisis on the Turkic Republics differentiated by economic structures, integration level for the world economy and foreign dependency level of the economies. It is necessary to develop efficient global competitivenness-oreiented economic policies in order to decrease their fragility against the internal and external shocks, increase global competitiveness and reduce foreign dependency for Turkic Republics.
Key Words: Global Economic Crisis, Turkic Republics’ Economies