Yazar "Kilic, Cuneyt" seçeneğine göre listele

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    Addressing the resource curse through human capital and digital transformation: a panel fourier analysis of BRICS plus countries
    (Emerald Group Publishing Ltd, 2025) Akcan, Ahmet Tayfur; Eren, Tevfik; Saiti, Burhan; Kilic, Cuneyt; Kazak, Hasan
    Purpose - This study investigates the long-run effects of natural resource rents on economic growth in BRICS + countries, with a particular focus on the moderating roles of digitalization, renewable energy consumption, human capital, and foreign direct investment. The aim is to determine whether digital transformation and human capital investment can alleviate the negative growth effects associated with resource abundance. Design/methodology/approach - Panel data covering ten BRICS + economies from 2002 to 2021 were analyzed using advanced Fourier-based econometric techniques. The empirical strategy incorporates panel Fourier cointegration tests, Driscoll-Kraay estimators, and panel Fourier causality analyses, all of which account for structural breaks and cross-sectional dependence. The model explicitly examines the interaction between digitalization and resource rents, as well as the separate contributions of human capital, FDI, and renewable energy consumption. Findings - Empirical findings provide strong support for the resource curse hypothesis: a 1% increase in resource rents is associated with a 0.16% decrease in per capita GDP over the long run. The effect of digitalization on the resource curse is U-shaped-while low levels of digitalization deepen the negative impact, higher levels attenuate it. Human capital exerts a robust and positive effect on growth, whereas FDI contributes modestly. In contrast, renewable energy consumption is found to reduce GDP per capita in the short run, likely due to adjustment costs during energy transitions. Practical implications - The findings highlight the need for BRICS + policymakers to strategically invest resource revenues into digital infrastructure, human capital development, and clean energy technologies. These policy priorities are crucial for escaping the resource curse and promoting sustainable, innovation-driven growth. Originality/value - This study is among the first to integrate the moderating role of digitalization within the resource curse framework, employing robust Fourier-based methods that flexibly account for structural breaks and heterogeneous dynamics. The evidence presented offers novel insights for emerging economies seeking to leverage digital transformation and human capital to overcome the limitations of resource dependency.
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    E-Commerce As An Alternative Strategy In Recovery From The Recession
    (Elsevier Science Bv, 2011) Savrul, Mesut; Kilic, Cuneyt
    Globalization leads to a change in virtually everything related to politics, culture and economy. As globalization changed the world, the structure of the globalization concept itself evolved too. Globalization of demographic and socio-economic factors and increasing level of consciousness of consumers led to a structural change in the economy towards industry based old economy to a new economy. The new economy is a knowledge based economy in which e-commerce is a dynamic factor. The Global Financial Crisis, influencing the world since 2007, had negative effects on global trade by causing contradiction in demand of almost all countries, particularly USA and EU. Being a key driver for productivity, competitiveness and thus economic recovery from the crises, e-commerce is thought to help to the enterprises in their efforts to reduce the negative effects of the crisis by increasing their market share, providing price advantages and improving their competitiveness. The study investigates the relation between the weight the enterprises in EU countries gave to e-commerce and their economic performance during the recovery period. The results of the study show that trade volumes and turnover values of the EU members shrank in 2007-2009, while turnover values of e-commerce has been increasing. Also it has been found that e-commerce is more stable than traditional trade in most of the EU members. (C) 2011 Published by Elsevier Ltd. Selection and/or peer-review under responsibility 7th International Strategic Management Conference
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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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    Effects of oil and natural gas prices on industrial production in the Eurozone member countries
    (Econjournals, 2014) Bayar, Yilmaz; Kilic, Cuneyt
    Industrial production is one of the leading indicators of gross domestic product which reflects the overall economic performance of a country. In other words decreases or increases in industrial production point out a contracting or expanding economy. Therefore, changes in prices of oil and natural gas which are the crucial inputs to the industrial production are also important for the overall economy. This study examines the effects of changes in oil and natural gas prices on the industrial production in the 18 Eurozone member countries during the period January 2001-September 2013 by using panel regression. We found that oil prices and natural gas prices had negative effect on industrial production in the Eurozone member countries.
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    Is There an Environmental Kuznets Inverted-U Shaped Curve?
    (Savez Ekonomista Vojvodine, 2018) Kilic, Cuneyt; Balan, Feyza
    This study examines the relationship among carbon dioxide (CO2) emissions, income, energy consumption, trade openness, financial development and institutional quality based on the environmental Kuznets curve (EKC) hypothesis in 151 countries for the period 1996-2010, using the pooled ordinary least squares methods. The results support cubic specification of the EKC hypothesis, which assumes a cubic polynomial inverted-U shaped relationship between income and environmental degradation. Other empirical results indicate that energy consumption, trade openness, financial development and institutional quality are significant variables in explaining CO2 emissions.
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    Performance of green finance: An evaluation of the OIC countries in the scope of 2030 Sustainable Development Goals
    (Elsevier Sci Ltd, 2025) Kazak, Hasan; Rahman, Mohammad Mafizur; Akcan, Ahmet Tayfur; Cetintas, Halit Buluthan; Kocyigit, Nezahat; Kilic, Cuneyt
    This study investigates the role of green finance (GF) in mitigating the carbon ecological footprint (CEF) in the member states of the Organization of Islamic Cooperation (OIC) during 2000-2022. Employing annual panel data and drawing on a Fourier function-based panel estimation framework, the study examines whether GF can sufficiently minimize environmental pressures and achieve the objectives of sustainable development. Empirical findings indicate that GF is statistically significant and negatively affects CEF, i.e., greater financial resources directed toward green investment help reduce environmental pressures. Furthermore, it is established that economic growth, merchandise exports, and private domestic credit are positively associated with an increase in CEF, suggesting a likely trade-off between economic development and sustainability. The results are robust across different model specifications and underscore the importance of incorporating GF instruments into national and regional policy plans. The paper provides major policy suggestions for OIC members, emphasizing that strengthening GF mechanisms and promoting innovative financial instruments will facilitate progress toward the 2030 Sustainable Development Goals while minimizing ecological risks.
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    Relationship Between Migration and Unemployment: Panel Data Analysis for Selected OECD Countries
    (Economic Laboratory Transition Research Podgorica-Elit, 2019) Kilic, Cuneyt; Yucesan, Mesut; Ozekicioglu, Halil
    In this study, impacts of migration on labor market are studied. As changes experienced in the labor market of migration receiving and sending countries impact unemployment figures directly, the study is based on the determining the relationship between migration and unemployment. Literature investigating the relationship between migration and unemployment mainly focuses on the impacts of migration on labor markets. There is no generally accepted opinion on the direction and degree of impact of internal migration and international migration on unemployment. While some of the studies argue that migration has negative impact on unemployment, some argue just the opposite and even some express that there is no significant relationship between migration and unemployment. We investigate this direction and size of the relationship between migration and unemployment in 23 selected OECD countries. In panel data model we found that migration and economic growth have a negative and statistically significant effect on unemployment whereas; the consumer price index and average wages have a positive but statistically meaningless effect. It is observed that results obtained in this study are in parallel with the results of studies in the literature conducted by Kulkolkarn and Potipiti (2007), Heid and Larch (2011), Fromentin (2013) and Latif (2015).