Journal Cover Turkish Economic Review
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  This is an Open Access Journal Open Access journal
   ISSN (Online) 2149-0414
   Published by KSP Journals Homepage  [6 journals]
  • Nominal Exchange Rate Dynamics for the Taka

    • Authors: Thomas M. FULLERTON, Dipanwita BARAI, Adam G. WALKE
      Pages: 130 - 148
      PubDate: 2017-06-18
      DOI: 10.1453/ter.v4i3.1316
      Issue No: Vol. 4, No. 2 (2017)
  • How do Different Age Groups Approach Work in Turkey'

    • Authors: Sırma SÖNMEZER
      Pages: 149 - 166
      Abstract: Abstract. The main purpose of this study is to understand the impact of age on work values and work centrality. The study was conducted in Istanbul, Turkey with the participation of 935 university graduate, corporate white-collar employees of large companies in Istanbul. In-depth interviews were conducted for the qualitative stage and a web-based survey was administered for the quantitative stage of data collection. An important contribution of this study is the emic items identified for the Turkish work context. These emic items are suggested to be incorporated to work values inventory for future research. The results indicated differences in work values among different age groups as well as changes among age groups in the level of importance of work.Keywords. Work values, Work centrality, Age, Turkey.JEL. J50, J60, J61.
      PubDate: 2017-06-18
      DOI: 10.1453/ter.v4i3.1275
      Issue No: Vol. 4, No. 2 (2017)
  • An Econometric Analysis of Demand for Money and its Stability in Tanzania

    • Authors: Manamba EPAPHRA
      Pages: 167 - 192
      PubDate: 2017-06-18
      DOI: 10.1453/ter.v4i3.1314
      Issue No: Vol. 4, No. 2 (2017)
  • The Response of Industrial Production to the Price of Oil: New Evidence
           for Thailand

    • Authors: Komain JIRANYAKUL
      Pages: 193 - 204
      Abstract: Abstract. This paper examines the oil price-industrial production nexus in Thailand by using multivariate cointegration test. In addition, Granger causality is also used to examine the impact of oil price uncertainty on industrial production growth. The main focus of this paper is on one sector of the economy, i.e., manufacturing sector. Monthly data from 1993 to 2015 are utilized. Empirical results reveal that there is a long-run relationship between industrial production and real oil price and other variables. Industrial production adjusts rapidly to shocks to lending rate, price level and oil price. Furthermore, there exists long-run causality running from lending rate, price level and oil price to industrial production. However, industrial production growth does not respond to oil price shock and oil price uncertainty. Asymmetric and nonlinear relationship between oil price shock and industrial output growth is not found. These findings give some policy implications.Keywords. Industrial production, Oil price shock, Oil price volatility, Cointegration, Causality.JEL. C22, Q43.
      PubDate: 2017-06-18
      DOI: 10.1453/ter.v4i3.1320
      Issue No: Vol. 4, No. 2 (2017)
  • The Development and Application of Transaction Cost Economics in Taiwan

    • Authors: Chin-Chiung KUO, Chi-Fang LIU
      Pages: 205 - 215
      Abstract: Abstract. This study collected 89 papers related to transaction cost theory published between 1992 and 2013 from 19 journals in the Taiwan Social Sciences Citation Index database, and used bibliometrics and network analysis to examine the theory’s applications and development. The results show that the theory has mostly been applied in studies on technology management, transaction information, stocks/foreign exchange/investment, business transfers, strategies, opportunistic behaviors, performance, theoretical integration, human resources, relations, knowledge management, and consumer behaviors. Of these topics, strategies had the most samples; followed by stocks/foreign exchange/investment, which accounted for 19.10% of the total; followed by relations, with 17.98%; and technology management, with 11.24%. The greatest numbers of publications were observed in 1997 and 2007. Connections between the authors appeared to be weak and cross-referencing was rare. Apparently, more time is required for the formation of a research community with strong coherence and knowledge integration capabilities.Keywords. Bibliometrics, Network analysis, Transaction cost theory.JEL. M10, L33, L52.
      PubDate: 2017-06-18
      DOI: 10.1453/ter.v4i3.1328
      Issue No: Vol. 4, No. 2 (2017)
  • The Effect of the Period that Turkey is going Through on the Household
           Expenditures of Burdur Province: Engel Curve Analysis

    • Authors: Kübra ÖNDER
      Pages: 216 - 225
      Abstract: Abstract. Consumers need a variety of goods and services in order to maintain their lives. The consumption patterns of consumers can vary depending on the differences in geographical and socio-economic structure, the time period during which the analysis takes place and the specific circumstances that the country is going through. For this reason, the relationship between income and expenditure has been subject to many studies till today. The aim of the study is to investigate the effect of the geographical diversity and the special situation that Turkey is going through on the household consumption patterns of the Burdur province. In this study, income & expenditure relations of twelve expenditure groups and their position in total expenditures and income elasticity of these expenditure groups shall be estimated with the help of Engel functions by using the data obtained from questionnaires implemented on randomly selected 695 households residing in Center County of Burdur Province between the dates January 03, 2017 and February 28, 2017.As a result of the analysis, it has been found that food and non-alcoholic beverages, alcohol and tobacco products, housing expenses, health services, communication and clothing and foot-wear expenditure groups are in the obligatory class of goods; furniture, home appliances and home care services, culture and entertainment, educational expenses, and restaurant and hotel expenses are in luxury goods class. Therefore, it has been reached to conclusion that the period that Turkey is going through does not have any effect on the household income-consumption pattern of Burdur province.Keywords. The Engel act, Income hypotheses, Income elasticities.JEL. D11, D12, D31.
      PubDate: 2017-06-18
      DOI: 10.1453/ter.v4i3.1253
      Issue No: Vol. 4, No. 2 (2017)
  • Assessment of Climate Change on Sesame Cultivation in Makurdi Local
           Government Area of Benue State, Nigeria

    • Authors: Jacqueline A.C. EZIHE, Ikechi K. AGBUGBA, Gift E. SHAIBU, Hrabrin BACHEV
      Pages: 226 - 233
      Abstract: Abstract. The study was conducted to determine the assessment of climate change and ascertain the awareness among sesame farmers in Makurdi local government area of Benue state. A sample of 120 farmers participated in the study. Descriptive statistics and logit regression were used to analyse the data. The results shows that more male farmers (69.2%) within the age range of 21-40 years are involved in the production of sesame when compared to female farmers (30.8%). It was observed that most of the farmers are married (82.5%). The educational level is low among sesame farmers with most of them having only primary education (45%). The result also shows that most of the farmers have farming experience of less than 10years with a farm size of less than 4 hectares. Insect infestation, soil erosion is perceived as reasons for low yield. Sesame farmers have adapted to such changes through the use of improved seed varieties, use of chemicals and mixed cropping. Results also showed that extension agents, educated farmers and relatives were the major sources of information about climate change. It was also revealed that climate has little effect on sesame as the average yield of the crop is 57.5% compared to low yield of 13.3%, also socio-economic characteristics of the farmers do not have any significant effect on the awareness of climate change as only household size and age are statistically significant at 1% and 5% respectively. To improve farmers’ awareness on climate change, the study recommends that there should be improvement in newspaper and radio/television broadcast in other to sustain sesame production in the event of climate change.Keywords. Agriculture, climate change, perception, sesame, sandy loam, Nigeria.JEL. O12, O13, Q18.
      PubDate: 2017-06-18
      DOI: 10.1453/ter.v4i2.1306
      Issue No: Vol. 4, No. 2 (2017)
  • Francois Gipouloux, The Asian Mediterranean: Port Cities and Trading
           Networks in China, Japan and Southeast Asia, 13th - 21st Century

    • Authors: Jia Hao CHAN
      Pages: 234 - 236
      Abstract: Book Review
      PubDate: 2017-06-18
      DOI: 10.1453/ter.v4i3.1284
      Issue No: Vol. 4, No. 2 (2017)
  • V. International Anadolu Conference in Economics (Econanadolu 2017)

    • Authors: Mustafa ZUHAL
      Pages: 237 - 238
      Abstract: Abstract. V. International Anatolian Conference in Economics (Econanadolu 2017) organized by the Department of Economics, Faculty of Economics and Administrative Sciences of Eskişehir Anadolu University between 11-13 May 2017. The main aim of this congress was bring to academicians from all over the world together to discuss new outcomes within theoretical and applied economics research, exchange ideas and create a research network for future joint collaborations. Econanadolu 2017 included many economic fields such as microeconomics, macroeconomics, international trade, health economics, political economy, industrialization, sustainable development. There were many national and international important academicians and researchers in the both scientific committee and the regulatory committee of the conference. This congress had been an important source of experience for young researchers and academicians. This congress had been a successful congress both scientific and cultural.Keywords. Econanadolu 2017, Macroeconomics, Sustainable development.JEL. A10, B22, Q01.
      PubDate: 2017-06-18
      DOI: 10.1453/ter.v4i3.1337
      Issue No: Vol. 4, No. 2 (2017)
  • Efficiency and Volatility of the Stock Market in Bangladesh: A
           Macroeconometric Analysis

    • Authors: Md. Abu HASAN
      Pages: 239 - 249
      PubDate: 2017-06-18
      DOI: 10.1453/ter.v4i3.1274
      Issue No: Vol. 4, No. 2 (2017)
School of Mathematical and Computer Sciences
Heriot-Watt University
Edinburgh, EH14 4AS, UK
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