Yazar "Arica, Feyza" seçeneğine göre listele

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    Economic freedom, inflation rate and their impact on economic growth: A Panel data analysis
    (Institute foe Economic Forecasting, 2014) Kiliç, Cuneyt; Arica, Feyza
    The relationship between economic freedom and economic growth has always been discussed and investigated in the economic literature. This study investigates both the relationship among economic freedom, inflation rate, economic growth and, separately, economic freedom indices, inflation rate and economic growth in 23 uppermiddle income countries during 1995-2010. Pooled Least Squares and Two-way Panel Least Squares methods are used to estimate two different models. According to the results of these tests, economic freedom has a significantly positive effect, while inflation rate has a significantly negative effect on economic growth. When the components of economic freedom are examined separately, it was found that the coefficient of some components of economic freedom, such as government size index and business freedom index, were not significant variables. All other components of economic freedom are significantly related to economic growth.
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    ECONOMIC FREEDOM, INFLATION RATE AND THEIR IMPACT ON ECONOMIC GROWTH: A PANEL DATA ANALYSIS
    (Inst Economic Forecasting, 2014) Kilic, Cuneyt; Arica, Feyza
    The relationship between economic freedom and economic growth has always been discussed and investigated in the economic literature. This study investigates both the relationship among economic freedom, inflation rate, economic growth and, separately, economic freedom indices, inflation rate and economic growth in 23 upper-middle income countries during 1995-2010. Pooled Least Squares and Two-way Panel Least Squares methods are used to estimate two different models. According to the results of these tests, economic freedom has a significantly positive effect, while inflation rate has a significantly negative effect on economic growth. When the components of economic freedom are examined separately, it was found that the coefficient of some components of economic freedom, such as government size index and business freedom index, were not significant variables. All other components of economic freedom are significantly related to economic growth.
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    Effects of currency unions on foreign direct investment inflows: The European economic and monetary union case
    (Econjournals, 2014) Kilic, Cuneyt; Bayar, Yılmaz; Arica, Feyza
    Reducing exchange rate and inflation, transaction costs and achieving the economic convergence among member countries are major causes of establishing a monetary union. This paper examines the effects of European Economic and Monetary Union on inflows of foreign direct investments to the Eurozone by using panel data from 16 Group of 20 countries for the period 1999-2012. We found that real GDP, GDP growth rate and exchange rates of 16 Group20 countries affect inflows of real foreign direct investment positively while exchange rate volatility, inflation volatility and distance affects inflows of real foreign direct investment negatively. So European Economic and Monetary Union contribute to the inflows of foreign direct investment by reducing the exchange rate volatility, inflation volatility and distance and supporting economic growth. © 2014 Econjournals. All rights reserved.
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    Impact of global recession on selected OECD countries: A panel data analysis
    (International Strategic Management Association, 2013) Erdogan, Engin; Ener, Meliha; Arica, Feyza; Guven, Murat
    The tax burden on wages, profits, property, and goods or services has a serious impact on cross-country competiveness, something that, in turn, impinges strongly on the actual economy of common markets such as the European Union (EU). While the mobility of productive factors is directly related with country tax-regime differences, government budget funding from tax revenues and rates are the main fiscal policy tools. This article analyzes the trends, similarities and differences between the tax regimes of European Monetary Union (EMU) for the period from 1995 to 2019. The methodologies we employ include time series analysis, regression analysis and multivariate cluster analysis. The data are mainly collected from the OECD database and tax revenue departments at country level. We argue that there are significant differences among the tax regimes of EU countries and that no policy has been implemented to ensure tax homogeneity across the EU, nor is there any likelihood of such. The anarchy in fiscal policy is an obstacle for the European Integration. Budget deficits have an impact on taxation and countries, invariably, manage the recent debt crisis by selecting different taxes as fiscal policy tools. Our article presents the differences between tax regimes of EMU countries and shows that the level of economic growth affects the structure of taxes at work and alters the performance of different types of taxes; is also wishes to explain the factors that differentiate tax regimes by using multi dimensional criteria and variance analysis. Our work contributes to the debate toward a common tax regime between EU countries and our analysis is concentrated on this.
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    Recovering From the Global Crisis: A Panel Study
    (Elsevier Science Bv, 2011) Erdogan, Engin; Ener, Meliha; Arica, Feyza
    The current global crisis that originated in the USA in the middle of 2008 financial market was spread very quickly across the globe in almost all sectors, which caused most countries' economy to shrink. The crisis raised the uncertainty in world economy and caused unsteadiness firstly at financial markets and later at real markets. The recession that started firstly in developed countries has affected the developing countries in critical levels as well. While the global developments were regressing, the countries were in consensus to take precautions in order to struggle with the crisis in the world economy. The financial and economic crises have induced negative implications on investment channel, since investors cut down on their investments in developing countries hence triggering job losses. In this study, we investigate the relationship between investment rates and real per capita GDP using two-way panel estimation technique as this has significant implications for development policy. Our sample covers 35 upper-middle income economies classified by the World Bank and the period analyzed extends from 1970 to 2007.
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    The relationship between financial risk, financial openness, trade openness, and financial development in Southern Mediterranean countries
    (Inderscience Publishers, 2024) Ayhan, Fatih; Arica, Feyza
    This study mainly aims to find the effects of financial openness, trade openness, and financial risk on financial development for nine Southern Mediterranean countries over the period 1984–2014 with panel analysis. Westerlund’s (2007) panel cointegration and error correction test is applied. The findings of common correlated effects (CCE) estimation show that financial openness positively affects financial development in Egypt, Tunisia, and Turkey, while it negatively affects financial development in Algeria and Lebanon. Additionally, according to the estimation results, a lower financial risk causes higher financial development in Algeria and Turkey. When the relationship between financial development and trade openness is investigated, while trade openness affects financial development negatively in Libya, it has a positive effect in Jordan, Tunisia, and Turkey. We conclude that financial openness and trade openness is beneficial to financial development for developing economies, while financial risk harms the financial development of economies. To overcome the economic bottlenecks in developing countries, policymakers should take action to reduce the financial risk levels of the economies and remove financial and trade barriers so as to increase financial development. © 2024 Inderscience Publishers. All rights reserved.
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    The Strategic Role of Infant Mortality in the Process of Economic Growth: An Application for High Income OECD Countries
    (Elsevier Science Bv, 2013) Erdogan, Engin; Ener, Meliha; Arica, Feyza
    Health is one of the necessary elements in order to socially develop a society. Providing quality and affordable healthcare is one of the most important challenges facing many nations. Developing and pervading the health services accelerate socio-economic development. Thus, there has been a strong relation between the level of social welfare and health measure. Because development is not only the rate of per capita income, but also includes basis social indicators such as infant mortality rate, life expectancy, health expenditure, and education. Using panel data analysis techniques, this study investigates empirically the relationship between economic growth and infant mortality that is one of the basis variables of health sector over the period 1970-2007 for a sample of 25 high income OECD countries. Our empirical evidence reveals that there is a significant and negative relationship between infant mortality rate and real per capita GDP in selected countries. So, it is concluded that the infant mortality rate of the countries decreased as countries became rich and powerful and new levels of strategic thinking, which will find innovative solutions, have an important role in decreasing infant mortality rate and growing economic power of the countries.