This study aims to examine the dynamics of unemployment rates by gender and education status in Türkiye as a developing country over the January 2005– November 2020 period. There are mainly two theories about dynamic patterns in unemployment rates in the literature: natural rate and hysteresis hypothesis. The first theory states that unemployment will eventually reach a natural rate, which would indicate that it is stationary. Therefore, policymakers should refrain from meddling with their stabilizing strategies. According to the hysteresis hypothesis, the rigidity of the labor market causes shocks to have a permanent effect on unemployment rates. Therefore, the hysteresis indicates a non-stationary pattern of unemployment. Given the situation, policymakers should intervene in their stabilization strategies. To determine the stationarity properties of series, we use unit root tests developed for bounded time series, since unemployment rates are bounded, and conventional unit root tests become oversize when bounds are ignored. The results show that unemployment rates for primary school, vocational high school and male are stationary, which implies that natural rate hypothesis is valid, while hysteresis hypothesis is valid for other unemployment rates.
{"title":"Testing for Unemployment Hysteresis by Gender and Education Status in Türkiye","authors":"Erdal Berk, Çağın Karul, Ahmet Koncak","doi":"10.36880/c15.02860","DOIUrl":"https://doi.org/10.36880/c15.02860","url":null,"abstract":"This study aims to examine the dynamics of unemployment rates by gender and education status in Türkiye as a developing country over the January 2005– November 2020 period. There are mainly two theories about dynamic patterns in unemployment rates in the literature: natural rate and hysteresis hypothesis. The first theory states that unemployment will eventually reach a natural rate, which would indicate that it is stationary. Therefore, policymakers should refrain from meddling with their stabilizing strategies. According to the hysteresis hypothesis, the rigidity of the labor market causes shocks to have a permanent effect on unemployment rates. Therefore, the hysteresis indicates a non-stationary pattern of unemployment. Given the situation, policymakers should intervene in their stabilization strategies. To determine the stationarity properties of series, we use unit root tests developed for bounded time series, since unemployment rates are bounded, and conventional unit root tests become oversize when bounds are ignored. The results show that unemployment rates for primary school, vocational high school and male are stationary, which implies that natural rate hypothesis is valid, while hysteresis hypothesis is valid for other unemployment rates.","PeriodicalId":486868,"journal":{"name":"Uluslararası Avrasya ekonomileri konferansı","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135737374","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}
Countries benefit from socio-economic indicators in order to measure their progress and development and to make the necessary plans regarding their own position in the global scale. Developed countries have to make comparisons using indicators in order to determine their performance realistically, to plan regional development goals and, when necessary, to define the objective special program for the countries in the same region or organization and to make the future projections. Developing countries also benefit from indicators measuring their positions to plan to establish a presence in the global economy creating their own competitive strategies. Because these countries try to keep up with and adapt to the dynamic changes determined by the proactive developed countries in socio-economic area. Therefore, cross country comparison is a highly important control mechanism. In this study, Turkey is compared with the E7 countries, of which it is a member, and the G7 countries, which are the world’s most developed countries. Countries are compared using the doing business index, sustainable development index, competitiveness index, global entrepreneurship index and social progress indexes for the period 2015-2020. The CRITIC-based MARCOS method is used to evaluate and compare the countries with respect to socio-economic global indices. The weights of the indicators were determined by CRITIC method and countries’ performances were converted into a single measurable numerical scale by MARCOS method. As a result of the analysis, it is seen that highly developed countries continue their systematic and continuous development in terms of selected indicators.
{"title":"Comparison of Turkey, G7 and E7 Countries Considering Socio-Economic Indicators: CRITIC-Based MARCOS Method","authors":"Semin Paksoy, Hande Şahin","doi":"10.36880/c15.02853","DOIUrl":"https://doi.org/10.36880/c15.02853","url":null,"abstract":"Countries benefit from socio-economic indicators in order to measure their progress and development and to make the necessary plans regarding their own position in the global scale. Developed countries have to make comparisons using indicators in order to determine their performance realistically, to plan regional development goals and, when necessary, to define the objective special program for the countries in the same region or organization and to make the future projections. Developing countries also benefit from indicators measuring their positions to plan to establish a presence in the global economy creating their own competitive strategies. Because these countries try to keep up with and adapt to the dynamic changes determined by the proactive developed countries in socio-economic area. Therefore, cross country comparison is a highly important control mechanism. In this study, Turkey is compared with the E7 countries, of which it is a member, and the G7 countries, which are the world’s most developed countries. Countries are compared using the doing business index, sustainable development index, competitiveness index, global entrepreneurship index and social progress indexes for the period 2015-2020. The CRITIC-based MARCOS method is used to evaluate and compare the countries with respect to socio-economic global indices. The weights of the indicators were determined by CRITIC method and countries’ performances were converted into a single measurable numerical scale by MARCOS method. As a result of the analysis, it is seen that highly developed countries continue their systematic and continuous development in terms of selected indicators.","PeriodicalId":486868,"journal":{"name":"Uluslararası Avrasya ekonomileri konferansı","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135737381","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 article discusses the results of the study of governance problems in the Kyrgyz Republic in the period after the declaration of independence. The lack of consistency in the organization of governance has actually led to the destruction of its integrity and reduced its effectiveness to zero. Therefore, taking into account various alternatives and options for organizing governance, the ways to overcome the accumulated problems are shown, which can open the way to a broad discussion in society and organize a systemic improvement of the process of improving the effectiveness of governance, designed for the long term. The system approach to governance is the cornerstone of the optimization of the country's economy as a whole and the implementation of a stable economic policy, in particular. Also, the system approach creates a firm basis for strengthening and mobilizing the executive power as a single organism, providing the development and growth of the state economy.
{"title":"Organizational Problems of Governance in the Kyrgyz Republic","authors":"Jusup Pirimbaev","doi":"10.36880/c15.02746","DOIUrl":"https://doi.org/10.36880/c15.02746","url":null,"abstract":"The article discusses the results of the study of governance problems in the Kyrgyz Republic in the period after the declaration of independence. The lack of consistency in the organization of governance has actually led to the destruction of its integrity and reduced its effectiveness to zero. Therefore, taking into account various alternatives and options for organizing governance, the ways to overcome the accumulated problems are shown, which can open the way to a broad discussion in society and organize a systemic improvement of the process of improving the effectiveness of governance, designed for the long term. The system approach to governance is the cornerstone of the optimization of the country's economy as a whole and the implementation of a stable economic policy, in particular. Also, the system approach creates a firm basis for strengthening and mobilizing the executive power as a single organism, providing the development and growth of the state economy.","PeriodicalId":486868,"journal":{"name":"Uluslararası Avrasya ekonomileri konferansı","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135737135","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 European Union (EU) unveiled the European Green Deal (EGD) in the year 2019 with the aim of transforming the union into a climate-neutral economy by 2050. The European Union’s Green Deal aims to mobilize private capital toward sustainable investments in this regard, and to ensure that the financial system is resilient to environmental risks. Hence, sustainable finance is a crucial part of the deal. This paper explores the EU's Green Deal and its sustainable finance agenda. The first two sections provide a comprehensive overview on the background and the significance of the EU’s Green Deal and its sustainable finance agenda, while underlining the theoretical and the practical ramifications of directing private money toward sustainable investments and making sure that the financial system is resistant to environmental threats. The Taxonomy Regulation, the Green Bond Standard, the Sustainable Finance Disclosure Regulation, and the Non-Financial Reporting Directive are a few of the regulatory tools and data sources for the EGD’s sustainable financing framework, and these are covered in the third section of this study. The fourth section discusses the conditions for a sustainable finance agenda for required for implementing the EGD, and the fifth section elaborates on the challenges to be faced along the process. The paper's key conclusions, which are presented in the final sixth section, include the necessity of harmonizing and standardizing sustainable finance processes, the significance of high-quality environmental, social and governance (ESG) data, and the implications for the financial sector, businesses, and investors.
{"title":"European Union’s Green Deal and Sustainable Finance","authors":"Burcu Sakız, Ayşen Hiç Gencer","doi":"10.36880/c15.02773","DOIUrl":"https://doi.org/10.36880/c15.02773","url":null,"abstract":"The European Union (EU) unveiled the European Green Deal (EGD) in the year 2019 with the aim of transforming the union into a climate-neutral economy by 2050. The European Union’s Green Deal aims to mobilize private capital toward sustainable investments in this regard, and to ensure that the financial system is resilient to environmental risks. Hence, sustainable finance is a crucial part of the deal. This paper explores the EU's Green Deal and its sustainable finance agenda. The first two sections provide a comprehensive overview on the background and the significance of the EU’s Green Deal and its sustainable finance agenda, while underlining the theoretical and the practical ramifications of directing private money toward sustainable investments and making sure that the financial system is resistant to environmental threats. The Taxonomy Regulation, the Green Bond Standard, the Sustainable Finance Disclosure Regulation, and the Non-Financial Reporting Directive are a few of the regulatory tools and data sources for the EGD’s sustainable financing framework, and these are covered in the third section of this study. The fourth section discusses the conditions for a sustainable finance agenda for required for implementing the EGD, and the fifth section elaborates on the challenges to be faced along the process. The paper's key conclusions, which are presented in the final sixth section, include the necessity of harmonizing and standardizing sustainable finance processes, the significance of high-quality environmental, social and governance (ESG) data, and the implications for the financial sector, businesses, and investors.","PeriodicalId":486868,"journal":{"name":"Uluslararası Avrasya ekonomileri konferansı","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135737142","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}
From past to present, the state mechanism has expanded its field of activity to ensure social order as a result of the increase and complexity of the needs of individuals, and for this purpose, it has obtained the right to intervene in the lives of individuals. The state, which expanded its sphere of influence, especially until the middle of the 20th century, was sometimes the solution to the problems, and sometimes the problem itself.
With the emergence of the concept of globalization, the understanding of the state has also changed. Rather than being intervening, the regulatory and guiding role of the states was emphasized, and a free-market economy approach was adopted. The change in the understanding of the state also reflected the economic and fiscal policies of the states. In this context, ensuring fiscal discipline, fiscal transparency, public expenditure, budget and borrowing policies have been rearranged to ensure financial stability. In Turkey, because of the importance of public fiscal discipline understanding, some constitutional arrangements have been made. In this context, the adaptation of the state to the new economic system has been facilitated. In this study, the effects of the understanding of the state on tax, public expenditures, budget and borrowing, which are public finance instruments, are interpreted with the help of tables and evaluated in the light of data from the perspective of Turkey.
{"title":"The Reflections of The Changing Government Approach to Public Finance: Case of Turkey","authors":"Tuba Yıldırım Gezer","doi":"10.36880/c15.02776","DOIUrl":"https://doi.org/10.36880/c15.02776","url":null,"abstract":"From past to present, the state mechanism has expanded its field of activity to ensure social order as a result of the increase and complexity of the needs of individuals, and for this purpose, it has obtained the right to intervene in the lives of individuals. The state, which expanded its sphere of influence, especially until the middle of the 20th century, was sometimes the solution to the problems, and sometimes the problem itself.
 With the emergence of the concept of globalization, the understanding of the state has also changed. Rather than being intervening, the regulatory and guiding role of the states was emphasized, and a free-market economy approach was adopted. The change in the understanding of the state also reflected the economic and fiscal policies of the states. In this context, ensuring fiscal discipline, fiscal transparency, public expenditure, budget and borrowing policies have been rearranged to ensure financial stability. In Turkey, because of the importance of public fiscal discipline understanding, some constitutional arrangements have been made. In this context, the adaptation of the state to the new economic system has been facilitated. In this study, the effects of the understanding of the state on tax, public expenditures, budget and borrowing, which are public finance instruments, are interpreted with the help of tables and evaluated in the light of data from the perspective of Turkey.
","PeriodicalId":486868,"journal":{"name":"Uluslararası Avrasya ekonomileri konferansı","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135737311","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}
Koray Yıldırım, Esma Erdoğan, Neşe Algan, Harun Bal
In this study, the effects of credit volume, stock market trading volume and currency protected deposit (CPD) system on financial deepening (M2/M1) of the Turkish economy for the period 2010M1:2023M2 (T=158) are analyzed by Structural VAR (SVAR) method. According to the findings, credit volume shocks have a significant effect while the effect of stock market trading volume is limited. In advanced financial systems, the M2/M1 ratio hovers between 4 and 6. The financial deepening ratio, which was measured as 4.86 at the beginning of the analyzed period, was at its lowest level of 2.41 in 2021M12 when the CPD system was announced. After the implementation of the CPD system, the financial deepening ratio improved slightly to 2.67. At the same time, the existence of structural change before and after the CPD system is found to be significant according to the Chow test. On the other hand, when the developments in financial markets are analyzed, the significant increase in credit volume was not reflected positively on financial deepening. The inflationary process in recent years has had a significant impact on this process. In conclusion, inflationary expectations and the increase in asset purchases are the main factors behind the decline in financial deepening in the Turkish economy. Although the CPD system has been reasonably successful, rationally based policies are needed to replace this practice, which is expected to be temporary, as well as to strengthen financial deepening.
本研究采用结构VAR (Structural VAR, SVAR)方法分析了2010M1:2023M2 (T=158)期间土耳其经济金融深化(M2/M1)的信贷量、股票市场交易量和货币保本(CPD)制度的影响。研究发现，信贷量冲击的影响显著，而股市交易量的影响有限。在发达的金融体系中，M2/M1比率徘徊在4到6之间。金融深化比率在分析期开始时为4.86，在公布CPD制度的2012年达到了2.41的最低水平。实施持续发展制度后，金融深化率略有提高，为2.67。同时，通过Chow检验发现CPD制度前后存在显著的结构变化。另一方面，当分析金融市场的发展时，信贷量的显著增加并没有积极地反映在金融深化上。近年来的通货膨胀进程对这一进程产生了重大影响。总之，通胀预期和资产购买的增加是土耳其经济金融深化程度下降的主要因素。虽然持续发展方案制度相当成功，但需要有合理基础的政策来取代这种预计是暂时的做法，并加强财政深化。
{"title":"The Effects of Developments in Financial Markets and Currency-Protected Deposit System on Financial Deepening: The Case of Turkey","authors":"Koray Yıldırım, Esma Erdoğan, Neşe Algan, Harun Bal","doi":"10.36880/c15.02804","DOIUrl":"https://doi.org/10.36880/c15.02804","url":null,"abstract":"In this study, the effects of credit volume, stock market trading volume and currency protected deposit (CPD) system on financial deepening (M2/M1) of the Turkish economy for the period 2010M1:2023M2 (T=158) are analyzed by Structural VAR (SVAR) method. According to the findings, credit volume shocks have a significant effect while the effect of stock market trading volume is limited. In advanced financial systems, the M2/M1 ratio hovers between 4 and 6. The financial deepening ratio, which was measured as 4.86 at the beginning of the analyzed period, was at its lowest level of 2.41 in 2021M12 when the CPD system was announced. After the implementation of the CPD system, the financial deepening ratio improved slightly to 2.67. At the same time, the existence of structural change before and after the CPD system is found to be significant according to the Chow test. On the other hand, when the developments in financial markets are analyzed, the significant increase in credit volume was not reflected positively on financial deepening. The inflationary process in recent years has had a significant impact on this process. In conclusion, inflationary expectations and the increase in asset purchases are the main factors behind the decline in financial deepening in the Turkish economy. Although the CPD system has been reasonably successful, rationally based policies are needed to replace this practice, which is expected to be temporary, as well as to strengthen financial deepening.","PeriodicalId":486868,"journal":{"name":"Uluslararası Avrasya ekonomileri konferansı","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135737316","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 2022, the number of tourists visiting Uzbekistan increased 3 times compared to 2021, and the export volume of the industry reached 1.6 billion USD. The number of domestic tourists has exceeded 11 million. But we are far from the opinion that the existing potential is being fully used, despite the fact that there are many cultural heritage objects, places of rest, and monuments that can attract the attention of tourists. There is a need for scientific approaches in the development, promotion and presentation of tourism products. The article analyses the current trends in the tourism sector of Uzbekistan and evaluates its potential in contributing to economic growth and development. Used data is derived from statistical reports of the last years. Evaluation of perspectives is performed on correlation of several indicators, related with tourism sector and overall economic conditions. Research and analysis within the scope of the article proposes that there are evident perspectives for increasing the share of tourism sector in GDP. The main recommendations for the policy in the sphere are targeted to infrastructure improvement, education, marketing and branding measures, as complex approach in promoting Uzbekistan tourism.
{"title":"Tourism Sector in Uzbekistan and its Growth Prospects","authors":"Obidjon Khamidov","doi":"10.36880/c15.02851","DOIUrl":"https://doi.org/10.36880/c15.02851","url":null,"abstract":"In 2022, the number of tourists visiting Uzbekistan increased 3 times compared to 2021, and the export volume of the industry reached 1.6 billion USD. The number of domestic tourists has exceeded 11 million. But we are far from the opinion that the existing potential is being fully used, despite the fact that there are many cultural heritage objects, places of rest, and monuments that can attract the attention of tourists. There is a need for scientific approaches in the development, promotion and presentation of tourism products. The article analyses the current trends in the tourism sector of Uzbekistan and evaluates its potential in contributing to economic growth and development. Used data is derived from statistical reports of the last years. Evaluation of perspectives is performed on correlation of several indicators, related with tourism sector and overall economic conditions. Research and analysis within the scope of the article proposes that there are evident perspectives for increasing the share of tourism sector in GDP. The main recommendations for the policy in the sphere are targeted to infrastructure improvement, education, marketing and branding measures, as complex approach in promoting Uzbekistan tourism.","PeriodicalId":486868,"journal":{"name":"Uluslararası Avrasya ekonomileri konferansı","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135737320","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}
Higher education is a significant indicator of the development level of the countries and undertakes the locomotive role in the enhancement of the relevant country. Institutions go through accreditation processes to improve the quality of higher education output, and to verify that they meet the required minimum requirements nationally and internationally. Accredited institutions, by declaring that they provide added value in the field of education with these documents -at least in terms of requirements- aim to make their names stand out in the minds of students, industry, government, and academic staff. As in almost every field, higher education institutions may intend to gain a competitive advantage by offering a distinctive and unique set of services for their target audience. Based on the literature and empirical studies, this paper focuses on the importance of the brand positioning strategies of higher education institutions in the process of harmonization with national and international standards. It is aimed to evaluate the aspects of accreditation in brand positioning strategies by reviewing previous studies. Within the scope of brand positioning strategies, national and international accreditation processes, and outputs are planned to be reviewed in general. In this regard, through the evaluation of accreditation in terms of brand positioning strategies, a model is presented in the context of related strategies for higher education institutions. Higher education institutions have the potential to become leading international productivity centers by revealing their identities with their positioning strategies.
{"title":"Brand Positioning Strategies through Accreditation in Higher Education Institutions on the Internationalization Process","authors":"Ayça Oralkan","doi":"10.36880/c15.02827","DOIUrl":"https://doi.org/10.36880/c15.02827","url":null,"abstract":"Higher education is a significant indicator of the development level of the countries and undertakes the locomotive role in the enhancement of the relevant country. Institutions go through accreditation processes to improve the quality of higher education output, and to verify that they meet the required minimum requirements nationally and internationally. Accredited institutions, by declaring that they provide added value in the field of education with these documents -at least in terms of requirements- aim to make their names stand out in the minds of students, industry, government, and academic staff. As in almost every field, higher education institutions may intend to gain a competitive advantage by offering a distinctive and unique set of services for their target audience. Based on the literature and empirical studies, this paper focuses on the importance of the brand positioning strategies of higher education institutions in the process of harmonization with national and international standards. It is aimed to evaluate the aspects of accreditation in brand positioning strategies by reviewing previous studies. Within the scope of brand positioning strategies, national and international accreditation processes, and outputs are planned to be reviewed in general. In this regard, through the evaluation of accreditation in terms of brand positioning strategies, a model is presented in the context of related strategies for higher education institutions. Higher education institutions have the potential to become leading international productivity centers by revealing their identities with their positioning strategies.","PeriodicalId":486868,"journal":{"name":"Uluslararası Avrasya ekonomileri konferansı","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135737324","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}
Creativity and innovation are terms that have started to be used much more in the international arena, but they are also one of the important concepts for organizations in our country. The problem is finding the necessary human resources for change and managing the change process in line with the innovative perspective. The one of the solutions is the STEM Model, which emerges as one of the models applied in the education method in order to develop creativity and innovative thinking in individuals. It is thought that the implementation of training programs that take the STEM model as a reference in organizations, will be improve the innovativeness perception of organizations. Data related to the study will be obtained through one-on-one interviews with companies that have R&D units and are in sectors that require innovation by their nature (IT and Technology). In addition, the results of studies on STEM applications in the field of business in the literature will be added to the data pool. It is understood from the studies that the STEM model, makes a positive change in the perception of creativity and innovation. With the implementation of the STEM model in adults, it is thought that the perception of creativity and innovation will develop positively on individuals (and therefore businesses). After this study, it is planned to create a model and training programs for the implementation of the STEM model in adults in order to develop the perception of innovation and creativity.
{"title":"Developing the Perception of Innovation in Organizations with STEM-based Practices","authors":"Volkan Kuyucuoğlu","doi":"10.36880/c15.02864","DOIUrl":"https://doi.org/10.36880/c15.02864","url":null,"abstract":"Creativity and innovation are terms that have started to be used much more in the international arena, but they are also one of the important concepts for organizations in our country. The problem is finding the necessary human resources for change and managing the change process in line with the innovative perspective. The one of the solutions is the STEM Model, which emerges as one of the models applied in the education method in order to develop creativity and innovative thinking in individuals. It is thought that the implementation of training programs that take the STEM model as a reference in organizations, will be improve the innovativeness perception of organizations. Data related to the study will be obtained through one-on-one interviews with companies that have R&D units and are in sectors that require innovation by their nature (IT and Technology). In addition, the results of studies on STEM applications in the field of business in the literature will be added to the data pool. It is understood from the studies that the STEM model, makes a positive change in the perception of creativity and innovation. With the implementation of the STEM model in adults, it is thought that the perception of creativity and innovation will develop positively on individuals (and therefore businesses). After this study, it is planned to create a model and training programs for the implementation of the STEM model in adults in order to develop the perception of innovation and creativity.","PeriodicalId":486868,"journal":{"name":"Uluslararası Avrasya ekonomileri konferansı","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135737326","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 2008 global crisis, which emerged in the financial markets and spread to the real economy, and the subsequent developments revealed the inefficiency of traditional monetary policies for financial stability and led to the use of macro prudential policy (MPP) tools that also target financial stability. As in many countries affected by the crisis, various MPPs have been implemented in the Turkish economy in order to prevent the spread of negative shocks arisen from credit expansion, capital movements affecting asset prices and credit financing quality, and the banking system throughout the economy. In this context, it becomes important whether MPPs, which increased after 2010 and require the efficiency of the credit-asset channel, contribute to macro-financial stability. Therefore, in this study, it is aimed to investigate the possible effects of MPPs implemented in the Turkish economy on selected variables such as capital movements, credit expansion, production and especially inflation for the period 2010-2021 using VAR analysis. The findings support the use of these policies for macro-financial stability.
{"title":"Effects of Macro-Prudential Policies on Macro-Financial Stability","authors":"Burhan Biçer, Fikret Dülger, Almıla Burgaç","doi":"10.36880/c15.02861","DOIUrl":"https://doi.org/10.36880/c15.02861","url":null,"abstract":"The 2008 global crisis, which emerged in the financial markets and spread to the real economy, and the subsequent developments revealed the inefficiency of traditional monetary policies for financial stability and led to the use of macro prudential policy (MPP) tools that also target financial stability. As in many countries affected by the crisis, various MPPs have been implemented in the Turkish economy in order to prevent the spread of negative shocks arisen from credit expansion, capital movements affecting asset prices and credit financing quality, and the banking system throughout the economy. In this context, it becomes important whether MPPs, which increased after 2010 and require the efficiency of the credit-asset channel, contribute to macro-financial stability. Therefore, in this study, it is aimed to investigate the possible effects of MPPs implemented in the Turkish economy on selected variables such as capital movements, credit expansion, production and especially inflation for the period 2010-2021 using VAR analysis. The findings support the use of these policies for macro-financial stability.","PeriodicalId":486868,"journal":{"name":"Uluslararası Avrasya ekonomileri konferansı","volume":"94 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135737329","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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