In this paper, we examine the intertemporal causal relationship between economic growth and energy consumption in the selected sixteen the Middle East and North Africa countries by annual data (1985–2016). Unlike the majority of the previous studies and as an alternative to the conventional method of having the same integration of time series and large samples, the Autoregressive Distributed Lag (ARDL) bounds test approach and causality analysis were applied by Toda & Yamamoto (1995). The results of the bounds test show that there is a stable long run relationship between economic growth and total final energy consumption. On the other hand, the results of the causality test, show that there is a unidirectional causal flow from economic growth to total energy consumption that energy conservation policies may not unfavourable effects on economic growth. Overall, these countries meet the conservation hypothesis which means that the causal aspect is unidirectional from economic growth to total final energy consumption and that energy conservation policies will have little or no negative impact on growth in these energy-dependent countries.
{"title":"TODA-YAMAMOTO CAUSALITY TEST BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH: EVIDENCE FROM A PANEL OF MIDDLE EASTERN COUNTRIES.","authors":"Nagmi Aimer, Serkan Dilek","doi":"10.46959/jeess.651976","DOIUrl":"https://doi.org/10.46959/jeess.651976","url":null,"abstract":"In this paper, we examine the intertemporal causal relationship between economic growth and energy consumption in the selected sixteen the Middle East and North Africa countries by annual data (1985–2016). Unlike the majority of the previous studies and as an alternative to the conventional method of having the same integration of time series and large samples, the Autoregressive Distributed Lag (ARDL) bounds test approach and causality analysis were applied by Toda & Yamamoto (1995). The results of the bounds test show that there is a stable long run relationship between economic growth and total final energy consumption. On the other hand, the results of the causality test, show that there is a unidirectional causal flow from economic growth to total energy consumption that energy conservation policies may not unfavourable effects on economic growth. Overall, these countries meet the conservation hypothesis which means that the causal aspect is unidirectional from economic growth to total final energy consumption and that energy conservation policies will have little or no negative impact on growth in these energy-dependent countries.","PeriodicalId":245979,"journal":{"name":"Journal of Empirical Economics and Social Sciences","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131646485","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"EVALUATING THE COST-BENEFIT OF A WASTE HEAT RECOVERY ENERGY SYSTEM WITH EXERGOECONOMICS","authors":"T. Koroglu","doi":"10.46959/JEESS.606042","DOIUrl":"https://doi.org/10.46959/JEESS.606042","url":null,"abstract":"","PeriodicalId":245979,"journal":{"name":"Journal of Empirical Economics and Social Sciences","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121510820","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The role of financial literacy with regards to sound personal finance management practice is a question many struggles with. Young Adults in nowadays are easy to access the financial products. So that the young adults are important to have knowledge of the financial literacy to capable of managing their personal finance better than their counterparts in other industries. The main research question is “What is the structural relationship among all the variables and how Financial Literacy Factor, Financial Product Knowledge Factor, Family and Peer Factor will effect on the Personal Financial Management of Young Adult”. The sample data are collected in Bangkok, Thailand. The Factor Analysis statistical method is employed to analyze the collected data with the purpose of analyze the factors that Effect and Influences on The Personal Financial Management of The Young Adult. This present research is using the (CFA) Confirmatory Factor Analysis because the measurement model in the Structural Equation Modeling (SEM) is used for (CFA) Confirmatory Factor Analysis using Amos followed by the specification and estimation of the models. SEM is a powerful quantitative data analytical technique, which can be estimates and tests the theoretical relationship between/ among latent variables and/or observed variables and it is also combines the regression and factor analysis. The present research show that the Financial literacy does not affect Personal Financial Management of Young Adult. This result is contrary to the previous research papers showing that Financial literacy path to Personal Financial Management is significant. Financial literacy does affect Financial Product Knowledge of Young Adult. This significant effect of Financial literacy path to Financial Product Knowledge is a new discovery and could be considered as a major contribution from this paper.
{"title":"STUDY OF FACTORS THAT EFFECT AND INFLUENCE ON THE PERSONAL FINANCIAL MANAGEMENT OF THE YOUNG ADULT","authors":"Ye Ko Ko Htet, Sumas Wongsunopparat","doi":"10.46959/JEESS.809250","DOIUrl":"https://doi.org/10.46959/JEESS.809250","url":null,"abstract":"The role of financial literacy with regards to sound personal finance management practice is a question many struggles with. Young Adults in nowadays are easy to access the financial products. So that the young adults are important to have knowledge of the financial literacy to capable of managing their personal finance better than their counterparts in other industries. The main research question is “What is the structural relationship among all the variables and how Financial Literacy Factor, Financial Product Knowledge Factor, Family and Peer Factor will effect on the Personal Financial Management of Young Adult”. The sample data are collected in Bangkok, Thailand. The Factor Analysis statistical method is employed to analyze the collected data with the purpose of analyze the factors that Effect and Influences on The Personal Financial Management of The Young Adult. This present research is using the (CFA) Confirmatory Factor Analysis because the measurement model in the Structural Equation Modeling (SEM) is used for (CFA) Confirmatory Factor Analysis using Amos followed by the specification and estimation of the models. SEM is a powerful quantitative data analytical technique, which can be estimates and tests the theoretical relationship between/ among latent variables and/or observed variables and it is also combines the regression and factor analysis. The present research show that the Financial literacy does not affect Personal Financial Management of Young Adult. This result is contrary to the previous research papers showing that Financial literacy path to Personal Financial Management is significant. Financial literacy does affect Financial Product Knowledge of Young Adult. This significant effect of Financial literacy path to Financial Product Knowledge is a new discovery and could be considered as a major contribution from this paper.","PeriodicalId":245979,"journal":{"name":"Journal of Empirical Economics and Social Sciences","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116425931","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
It is mostly observed that a competitive system provides a lot of advantages for consumers; such as more goods and services, lower prices and higher quality. We can include this argument for the banking sector. The numerous numbers of theoretical and empirical studies has been made for the sector support this. Therefore, the level of competition is crucial for both borrowers and lenders, which directly affect economic growth of a country. In this context our aim is to investigate the relationship between competition level of the banking sector and economic growth in Turkey.
{"title":"THE LEVEL OF COMPETITION IN THE BANKING SECTOR AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS OF TURKISH CASE","authors":"Hale Kirer Silva Lecuna, Serçin Şahin","doi":"10.46959/jeess.786091","DOIUrl":"https://doi.org/10.46959/jeess.786091","url":null,"abstract":"It is mostly observed that a competitive system provides a lot of advantages for consumers; such as more goods and services, lower prices and higher quality. We can include this argument for the banking sector. The numerous numbers of theoretical and empirical studies has been made for the sector support this. Therefore, the level of competition is crucial for both borrowers and lenders, which directly affect economic growth of a country. In this context our aim is to investigate the relationship between competition level of the banking sector and economic growth in Turkey.","PeriodicalId":245979,"journal":{"name":"Journal of Empirical Economics and Social Sciences","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129308823","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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