We study hedonic coalition formation games that consist of a finite set of agents and a list of agents’ preferences such that each agent’s preferences depend only on the members of her coalition. An outcome of a hedonic coalition formation game is a partition (i.e., coalition structure) of the finite set of agents. We study the existence of partitions that are both internally stable and Pareto optimal. We construct an algorithm that terminates for each given hedonic coalition formation game such that the outcome of the algorithm is internally stable and Pareto optimal. We also show that if the outcome of the algorithm is the partition that consists of singleton coalitions then it is also core stable and if it is the partition that contains only the grand coalition then it is also both core stable and Nash stable.
{"title":"INTERNAL STABILITY AND PARETO OPTIMALITY IN HEDONIC COALITION FORMATION GAMES","authors":"Mehmet Karakaya, Seçkin Özbilen","doi":"10.11611/yead.1138933","DOIUrl":"https://doi.org/10.11611/yead.1138933","url":null,"abstract":"We study hedonic coalition formation games that consist of a finite set of agents and a list of agents’ preferences such that each agent’s preferences depend only on the members of her coalition. An outcome of a hedonic coalition formation game is a partition (i.e., coalition structure) of the finite set of agents. We study the existence of partitions that are both internally stable and Pareto optimal. We construct an algorithm that terminates for each given hedonic coalition formation game such that the outcome of the algorithm is internally stable and Pareto optimal. We also show that if the outcome of the algorithm is the partition that consists of singleton coalitions then it is also core stable and if it is the partition that contains only the grand coalition then it is also both core stable and Nash stable.","PeriodicalId":422662,"journal":{"name":"Yönetim ve Ekonomi Araştırmaları Dergisi","volume":"134 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131325358","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}
Covid-19 pandemic globally affected many sectors including health, economy and transportation. Distance education practice was widely preferred in many stages during this period. Non-stop distance education also continued in universities within the education sector. The subject of this study was to measure the student satisfaction from education within the course of distance education during pandemic period. The aim of the study on Bandırma Onyedi Eylül University graduate and postgraduate students was to understand whether distance education process had a positive effect on the satisfaction of the students from education. Survey technique among quantative research methods was used in the study. The results of the study showed a significant effect of "instructor support", "personal relevance and authentic learning" and "student autonomy and active learning" among the sub-dimensions of distance education on student satisfaction. Permanence of distance education in higher education institutions at certain rates may provide successful results.
{"title":"DISTANCE EDUCATION AND ITS EFFECT ON STUDENT SATISFACTION DURING COVID-19 PANDEMIC","authors":"Neslihan Arslan, Y. Yilmaz","doi":"10.11611/yead.1143348","DOIUrl":"https://doi.org/10.11611/yead.1143348","url":null,"abstract":"Covid-19 pandemic globally affected many sectors including health, economy and transportation. Distance education practice was widely preferred in many stages during this period. Non-stop distance education also continued in universities within the education sector. The subject of this study was to measure the student satisfaction from education within the course of distance education during pandemic period. The aim of the study on Bandırma Onyedi Eylül University graduate and postgraduate students was to understand whether distance education process had a positive effect on the satisfaction of the students from education. Survey technique among quantative research methods was used in the study. The results of the study showed a significant effect of \"instructor support\", \"personal relevance and authentic learning\" and \"student autonomy and active learning\" among the sub-dimensions of distance education on student satisfaction. Permanence of distance education in higher education institutions at certain rates may provide successful results.","PeriodicalId":422662,"journal":{"name":"Yönetim ve Ekonomi Araştırmaları Dergisi","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115893992","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}
This study examines the treatment effects of inflation targeting on exchange rate volatility across a large panel of 91 (36 inflation targeting) countries over the 1985-2019 period on annual basis. We apply propensity score matching methods to developed, developing, and high-income inflation targeting countries and non-inflation targeting countries. Our results reveal that, on average, adopting the inflation targeting policy exerts lower exchange rate volatility in all sample and developing economies. However, subgroups results demonstrate that inflation targeting regimes may lead to higher exchange rate volatility in developed and high-income economies. The outcome from different degrees of flexibility of exchange rates subgroups points out that the inflation targeting regime has significant and lower exchange rate volatility under free-floating regimes however this policy stance has no discernible effect on floating regimes. Additionally, adopted inflation targeting countries are affected by less damage on exchange rate volatility than those adopting exchange rate targeting regimes.
{"title":"THE ROLE OF INFLATION TARGETING ON EXCHANGE RATE VOLATILITY: AN EVIDENCE FROM PROPENSITY SCORE MATCHING APPROACH","authors":"Güntülü Özlem Yüksel, I. O. Baycan","doi":"10.11611/yead.1196743","DOIUrl":"https://doi.org/10.11611/yead.1196743","url":null,"abstract":"This study examines the treatment effects of inflation targeting on exchange rate volatility across a large panel of 91 (36 inflation targeting) countries over the 1985-2019 period on annual basis. We apply propensity score matching methods to developed, developing, and high-income inflation targeting countries and non-inflation targeting countries. Our results reveal that, on average, adopting the inflation targeting policy exerts lower exchange rate volatility in all sample and developing economies. However, subgroups results demonstrate that inflation targeting regimes may lead to higher exchange rate volatility in developed and high-income economies. The outcome from different degrees of flexibility of exchange rates subgroups points out that the inflation targeting regime has significant and lower exchange rate volatility under free-floating regimes however this policy stance has no discernible effect on floating regimes. Additionally, adopted inflation targeting countries are affected by less damage on exchange rate volatility than those adopting exchange rate targeting regimes.","PeriodicalId":422662,"journal":{"name":"Yönetim ve Ekonomi Araştırmaları Dergisi","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115469357","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}
In this investigation, the causal link among financial development and economic activity is explored to determine whether the supply leading hypothesis (SLH) or the demand following hypothesis (DFH) is valid for the Turkish economy. For this aim, the study employs the Fourier Toda-Yamamoto causality test of Nazlioglu, Gormus, and Soytas (2016) by utilizing annual data covering 1980-2020. To proxy financial development, the Financial Development Index (FDi) of IMF and its eight sub-indices are chosen. The findings of this work show that the FDi Granger causes per capita income in Turkey. Therefore, one can say that the SLH holds for the Turkish economy at the aggregate level. The disaggregated level of data differs across sub-indices. The empirical findings of the paper provide significant policy implications for the economic agents.
{"title":"RE-EXAMINATION OF THE SUPPLY LEADING HYPOTHESIS FOR TURKEY: A DISAGGREGATED ANALYSIS","authors":"Muhammed Şehid Görüş","doi":"10.11611/yead.1161268","DOIUrl":"https://doi.org/10.11611/yead.1161268","url":null,"abstract":"In this investigation, the causal link among financial development and economic activity is explored to determine whether the supply leading hypothesis (SLH) or the demand following hypothesis (DFH) is valid for the Turkish economy. For this aim, the study employs the Fourier Toda-Yamamoto causality test of Nazlioglu, Gormus, and Soytas (2016) by utilizing annual data covering 1980-2020. To proxy financial development, the Financial Development Index (FDi) of IMF and its eight sub-indices are chosen. The findings of this work show that the FDi Granger causes per capita income in Turkey. Therefore, one can say that the SLH holds for the Turkish economy at the aggregate level. The disaggregated level of data differs across sub-indices. The empirical findings of the paper provide significant policy implications for the economic agents.","PeriodicalId":422662,"journal":{"name":"Yönetim ve Ekonomi Araştırmaları Dergisi","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134577101","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}
Defense expenditures have an essential place in the growth of countries. Defense expenditures and economic growth are frequently linked in the literature. The relationship between these variables may alter according to time and country-specific characteristics. This study examines the causality relationship between defense expenditures and economic growth with the rolling-window causality. For all panels, the study found bidirectional causality only in China and unidirectional causality in S. Korea and the UK. On the other hand, the rolling-window causality test detected bidirectional causality between the variables in all countries except the USA. Economic growth and defense expenditures have a unidirectional causality in the USA.
{"title":"The Relationship Between Defense Expenditures and Economic Growth: Rolling-Window Causality Test","authors":"Mustafa Zuhal","doi":"10.11611/yead.1166390","DOIUrl":"https://doi.org/10.11611/yead.1166390","url":null,"abstract":"Defense expenditures have an essential place in the growth of countries. Defense expenditures and economic growth are frequently linked in the literature. The relationship between these variables may alter according to time and country-specific characteristics. This study examines the causality relationship between defense expenditures and economic growth with the rolling-window causality. For all panels, the study found bidirectional causality only in China and unidirectional causality in S. Korea and the UK. On the other hand, the rolling-window causality test detected bidirectional causality between the variables in all countries except the USA. Economic growth and defense expenditures have a unidirectional causality in the USA.","PeriodicalId":422662,"journal":{"name":"Yönetim ve Ekonomi Araştırmaları Dergisi","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132366446","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}
While the linkage between economic conditions and health indicators is largely discussed previously, much less is known about how income inequality affects the infant mortality rates (IMR) in Turkey. Using a city-level data from 2014 to 2019 estimates the impact of income inequality and socio-economic factors on infant mortality rates. To identify what factors are associated with the IMRs, the ordered probit, the random effect, and the fixed effect approaches are used. An endogeneity problem between the IMRs and independent variables which are related to medical factors is predicted. To tackle down the endogeneity problem, an instrumental variable approach is used. The estimation results show that income inequality is an important factor which has impact on infant mortalities. The results confirm that there is an inverse association between health service availability and infant mortality rates.
{"title":"DOES BETTER INCOME DISTRIBUTION REDUCE INFANT MORTALITY? THE CASE OF TURKEY","authors":"Suzan Odabaşi","doi":"10.11611/yead.1123979","DOIUrl":"https://doi.org/10.11611/yead.1123979","url":null,"abstract":"While the linkage between economic conditions and health indicators is largely discussed previously, much less is known about how income inequality affects the infant mortality rates (IMR) in Turkey. Using a city-level data from 2014 to 2019 estimates the impact of income inequality and socio-economic factors on infant mortality rates. To identify what factors are associated with the IMRs, the ordered probit, the random effect, and the fixed effect approaches are used. An endogeneity problem between the IMRs and independent variables which are related to medical factors is predicted. To tackle down the endogeneity problem, an instrumental variable approach is used. The estimation results show that income inequality is an important factor which has impact on infant mortalities. The results confirm that there is an inverse association between health service availability and infant mortality rates.","PeriodicalId":422662,"journal":{"name":"Yönetim ve Ekonomi Araştırmaları Dergisi","volume":"195 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133973480","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}
Changes in consumer demands and increasing competition among hotel businesses necessitate the purchasing control process in terms of the quality of the service provided. It is critical to manage the purchasing control process at the point of correctly determining the product needs of the enterprises, determining the quality products, performing daily warehouse controls, performing the performance controls of the purchasing department, and evaluating the complaints received. Successful management of the purchasing control process and minimizing the risks they may encounter will contribute to their differentiation from their competitors in the market. In this study, it is aimed to examine the control activities carried out by hotel enterprises in the purchasing processes. This study is thought to be important in terms of including the control activities in the purchasing process in hotel businesses, as well as the relations with other departments and the evaluation of incoming complaints. A semi-structured interview form has been used to gather data in the study, in which the qualitative research method has been used, As a result of the data obtained, it has been revealed that a material demand list is created in line with the department needs by making end-of-day warehouse controls in the hotel enterprises, strong communication frequency is maintained by ensuring firm stability with reliable suppliers, and attention is paid to interdepartmental coordination and communication with a solution-oriented approach to the complaints.
{"title":"ANALYSIS OF CONTROL ACTIVITIES IN PURCHASING PROCESS OF HOTEL OPERATIONS: THE CASE OF SAPANCA","authors":"Sevim Usta, Serkan Şengül","doi":"10.11611/yead.1162840","DOIUrl":"https://doi.org/10.11611/yead.1162840","url":null,"abstract":"Changes in consumer demands and increasing competition among hotel businesses necessitate the purchasing control process in terms of the quality of the service provided. It is critical to manage the purchasing control process at the point of correctly determining the product needs of the enterprises, determining the quality products, performing daily warehouse controls, performing the performance controls of the purchasing department, and evaluating the complaints received. Successful management of the purchasing control process and minimizing the risks they may encounter will contribute to their differentiation from their competitors in the market. In this study, it is aimed to examine the control activities carried out by hotel enterprises in the purchasing processes. This study is thought to be important in terms of including the control activities in the purchasing process in hotel businesses, as well as the relations with other departments and the evaluation of incoming complaints. A semi-structured interview form has been used to gather data in the study, in which the qualitative research method has been used, As a result of the data obtained, it has been revealed that a material demand list is created in line with the department needs by making end-of-day warehouse controls in the hotel enterprises, strong communication frequency is maintained by ensuring firm stability with reliable suppliers, and attention is paid to interdepartmental coordination and communication with a solution-oriented approach to the complaints.","PeriodicalId":422662,"journal":{"name":"Yönetim ve Ekonomi Araştırmaları Dergisi","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116801141","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}
This study aims to determine whether customer (patients) and service providers (dentists) have different views on customers' (patients') expectations from treatment for transitioning to more customer (patient)-centered management. The surveys were conducted with 78 dentists and 481 patients in the offices of a private healthcare facility. The surveys asked participants to make two different assessments. One was to assign importance scores to the criteria, and the other was to rank the criteria by importance. Both ratings were considered in a way that supported each other. Patients strongly and significantly assigned higher importance to three criteria than physicians. These were ratings of treatment cost, minimal wait time, and rapid treatment and outpatient care. Compared to previous studies, measurements were made through two different assessments and analyses based on more criteria. Patients were found to give higher importance to three aspects than physicians: assessing the cost of treatment (care), minimal wait time and rapid intervention, and outpatient care.
{"title":"THE COMPARISON OF DIFFERENCES BETWEEN SERVICE PROVIDERS AND CUSTOMERS’ (PATIENTS’) VIEWS ON THEIR EXPECTATIONS, AN EXPERIMENT IN HEALTH SECTOR","authors":"Mustafa Şehirli","doi":"10.11611/yead.1176994","DOIUrl":"https://doi.org/10.11611/yead.1176994","url":null,"abstract":"This study aims to determine whether customer (patients) and service providers (dentists) have different views on customers' (patients') expectations from treatment for transitioning to more customer (patient)-centered management. The surveys were conducted with 78 dentists and 481 patients in the offices of a private healthcare facility. The surveys asked participants to make two different assessments. One was to assign importance scores to the criteria, and the other was to rank the criteria by importance. Both ratings were considered in a way that supported each other. Patients strongly and significantly assigned higher importance to three criteria than physicians. These were ratings of treatment cost, minimal wait time, and rapid treatment and outpatient care. Compared to previous studies, measurements were made through two different assessments and analyses based on more criteria. Patients were found to give higher importance to three aspects than physicians: assessing the cost of treatment (care), minimal wait time and rapid intervention, and outpatient care.","PeriodicalId":422662,"journal":{"name":"Yönetim ve Ekonomi Araştırmaları Dergisi","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124701099","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 aim of this thesis study is to ensure the sustainability of the Turkish banking sector by considering the environmental, economic and social effects of different practices still existing in human rights, working conditions, management structure, health, safety, education, governance, energy consumption and financial functions of banks operating in Turkey. For this purpose, the corporate sustainability performance of the banks operating in Turkey and included in the BIST sustainability index, published between 2017-2019, is measured in comparison with the multidimensional corporate sustainability approach and evaluated according to the measurement results. Thus, it will be possible to determine how much the banks that have adopted the corporate sustainability approach have developed their corporate sustainability understanding and the level they have reached. It is very important to reveal the economic, environmental and social effects of banks operating in Turkey, which voluntarily accept to be included in the BIST sustainability index, due to the ability of banks to influence and even direct all sectors. In addition, data that are not included in the reviewed sustainability reports but are expected to be disclosed will also be specified. The corporate sustainability performance of the banks, which are the subject of the review, was evaluated using the TOPSIS method, which is one of the multi-criteria decision-making methods.
{"title":"Evaluation of Corporate Sustainability Reports: Sustainability Research in the Turkish Banking Sector","authors":"Sibel KAHRAMAN AK, Hasan Türedi̇","doi":"10.11611/yead.1152642","DOIUrl":"https://doi.org/10.11611/yead.1152642","url":null,"abstract":"The aim of this thesis study is to ensure the sustainability of the Turkish banking sector by considering the environmental, economic and social effects of different practices still existing in human rights, working conditions, management structure, health, safety, education, governance, energy consumption and financial functions of banks operating in Turkey. For this purpose, the corporate sustainability performance of the banks operating in Turkey and included in the BIST sustainability index, published between 2017-2019, is measured in comparison with the multidimensional corporate sustainability approach and evaluated according to the measurement results. Thus, it will be possible to determine how much the banks that have adopted the corporate sustainability approach have developed their corporate sustainability understanding and the level they have reached. It is very important to reveal the economic, environmental and social effects of banks operating in Turkey, which voluntarily accept to be included in the BIST sustainability index, due to the ability of banks to influence and even direct all sectors. In addition, data that are not included in the reviewed sustainability reports but are expected to be disclosed will also be specified. The corporate sustainability performance of the banks, which are the subject of the review, was evaluated using the TOPSIS method, which is one of the multi-criteria decision-making methods.","PeriodicalId":422662,"journal":{"name":"Yönetim ve Ekonomi Araştırmaları Dergisi","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129883475","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}
Bu çalışmanın diğer çalışmalardan farkı geleneksel eşbütünleşme testi ile ortaya çıkmayan bir ilişkiyi daha güncel bir teknik olan Saklı Eşbütünleşme testi ile ortaya koymaktır. Bunu yaparken döviz kuru (kur) ile tüketici fiyat endeksi (tüfe) kullanılarak, Türkiye ekonomisine ait 2006:M-2021:M1 dönemi aylık verilerinden yararlanılmaktadır. Serilerin durağanlık derecelerinin belirlenmesi amacıyla geleneksel ADF ile Phillips-Perron durağanlık testlerinin yanında güncel bir teknik olan Fourier ADF durağanlık testi yapılmıştır. Eşbütünleşme ilişkisinin tespiti için geleneksel Engle ve Granger (1987) eşbütünleşme testi ve daha güncel olan Granger ve Yoon (2002) saklı eşbütünleşme testleri uygulanmıştır ve kısa-uzun dönem eşbütünleşme katsayıları tahmin edilmiştir. Bulgular, Engle ve Granger (1987) eşbütünleşme testine göre herhangi bir eşbütünleşme ilişkisinin mevcut olmadığını gösterirken; Granger ve Yoon (2002)’ ye göre ise pozitif bileşenlerine ayrılmış döviz kuru ve TÜFE arasında karşılıklı olarak saklı eşbütünleşme ilişkisinin varlığını ortaya koymuştur. Türkiye için uzun dönemde TÜFE’de meydana gelen %1’lik bir artış döviz kurunu %2.24 artırırken; döviz kurunda meydana gelen %1’lik bir artış ise TÜFE’ de %0.44 artış meydana getirmektedir.
{"title":"TÜRKİYE’DE ENFLASYON VE DÖVİZ KURU İLİŞKİSİ: SAKLI EŞBÜTÜNLEŞME YAKLAŞIMI","authors":"Sefa Özbek, Mustafa Nai̇moğlu","doi":"10.11611/yead.906811","DOIUrl":"https://doi.org/10.11611/yead.906811","url":null,"abstract":"Bu çalışmanın diğer çalışmalardan farkı geleneksel eşbütünleşme testi ile ortaya çıkmayan bir ilişkiyi daha güncel bir teknik olan Saklı Eşbütünleşme testi ile ortaya koymaktır. Bunu yaparken döviz kuru (kur) ile tüketici fiyat endeksi (tüfe) kullanılarak, Türkiye ekonomisine ait 2006:M-2021:M1 dönemi aylık verilerinden yararlanılmaktadır. Serilerin durağanlık derecelerinin belirlenmesi amacıyla geleneksel ADF ile Phillips-Perron durağanlık testlerinin yanında güncel bir teknik olan Fourier ADF durağanlık testi yapılmıştır. Eşbütünleşme ilişkisinin tespiti için geleneksel Engle ve Granger (1987) eşbütünleşme testi ve daha güncel olan Granger ve Yoon (2002) saklı eşbütünleşme testleri uygulanmıştır ve kısa-uzun dönem eşbütünleşme katsayıları tahmin edilmiştir. Bulgular, Engle ve Granger (1987) eşbütünleşme testine göre herhangi bir eşbütünleşme ilişkisinin mevcut olmadığını gösterirken; Granger ve Yoon (2002)’ ye göre ise pozitif bileşenlerine ayrılmış döviz kuru ve TÜFE arasında karşılıklı olarak saklı eşbütünleşme ilişkisinin varlığını ortaya koymuştur. Türkiye için uzun dönemde TÜFE’de meydana gelen %1’lik bir artış döviz kurunu %2.24 artırırken; döviz kurunda meydana gelen %1’lik bir artış ise TÜFE’ de %0.44 artış meydana getirmektedir.","PeriodicalId":422662,"journal":{"name":"Yönetim ve Ekonomi Araştırmaları Dergisi","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124811955","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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