Fuat Sekmen - Academia.edu (original) (raw)

Papers by Fuat Sekmen

PONTE International Scientific Researches Journal, 2021

Theoretical and Applied Economics, 2018

The aim of this study is to examine the effects of information and communications technology (ICT... more The aim of this study is to examine the effects of information and communications technology (ICT) on economic development of several Central Asian countries. Dumitrescu and Hurlin (DH) panel causality test has been used for the relationship between ICT and economic development. The DH test results indicate that a unidirectional causality exists from GDP per capital to Inter-net use. These results suggest that an increase in GDP per capita can stimulate internet use. In addition, the cross-sectional dependence is examined using LM test of Breusch and Pagan and CD-LM and CD test of Pesaran. The results suggest that the null-hypothesis, no crosssectional dependence exists among countries, is rejected for all the tests, suggesting an economic shock in a one country may have spillover effects on other countries.

Abstract: This paper investigates cointegration and causality among exchange rate, military expen... more Abstract: This paper investigates cointegration and causality among exchange rate, military expenditures, and economic growth for Turkish economy. For this purpose, this study applied the Granger-causality (GC) and error correction (EC) techniques on 1974-2005 data for Turkey. The results show that military expenditures negatively affect economic growth, but this effect is not significant. This conclusion is meaningful for Turkey since she has problems with neighboring countries. Therefore, reducing military expenditures increase security problems. On the other hand, this study found bi-directional causality between level of exchange rate and economic growth (GDP).

PONTE International Scientific Researchs Journal

MANAS Sosyal Araştırmalar Dergisi

3. SEKTÖR SOSYAL EKONOMİ DERGİSİ

Gazi Journal of Economics and Business

This study analyzes the neoclassical theory on the demand for children. Neoclassical theory assum... more This study analyzes the neoclassical theory on the demand for children. Neoclassical theory assumes that child demand is not different from a commodity demand. The neoclassical theory takes child demand in the utility function, like any other commodities. But, the demand for children is different from things which increase our utility; such as car, refrigerator, elevator, and other goods and services, whose price is determined in the market through its sellers and buyers. However, demand for children is determined by socio-cultural things. It is certain that there is a relationship between economic growth and child rearing. For example, economic growth raises the cost of children due the time spent on child care becoming more valuable. But it cannot be called "child demand is an inferior good".

Mpra Paper, 2007

This paper investigates cointegration and causality among exchange rate, military expenditures, a... more This paper investigates cointegration and causality among exchange rate, military expenditures, and economic growth for Turkish economy. For this purpose, this study applied the Granger-causality (GC) and error correction (EC) techniques on 1974-2005 data for Turkey. The results show that military expenditures negatively affect economic growth, but this effect is not significant. This conclusion is meaningful for Turkey since she has problems with neighboring countries. Therefore, reducing military expenditures increase security problems. On the other hand, this study found bi-directional causality between level of exchange rate and economic growth (GDP).

Asian Economic and Financial Review, 2014

Applied Econometrics and International Development, Nov 27, 2008

African Journal of Business Management, Sep 30, 2011

This study attempted to examine the effects of exchange rate volatility, using the squared residu... more This study attempted to examine the effects of exchange rate volatility, using the squared residuals from the autoregressive moving average (ARMA) models, on stock returns for the U.S. for the period 1980 to 2008. Even though the core variable was exchange rate volatility, this article used several other explanatory variables to explain changes in the stock returns for the U.S. This paper found that exchange rate volatility affects US stock returns. Even though firms engaged in international operations had some methods, such as hedging possibilities, to protect themselves from exchange rate risk, exchange rate volatility might negatively affect firms' profitability because of increasing cost of covering exchange rate risk under a flexible rate system.

International Journal of Applied Econometrics and Quantitative Studies, Feb 1, 2008

Akademik Incelemeler Dergisi, 2010

... almaktadır. 11 Fuat SEKMEN Page 12. Uluslararası rezervler, faiz oranları ve döviz kurlarında... more ... almaktadır. 11 Fuat SEKMEN Page 12. Uluslararası rezervler, faiz oranları ve döviz kurlarındaki ani değişmelerle belirlenen para krizlerinin aksine, bankacılık krizlerini belirlemede kullanılacak parametreler bulmak daha zordur. ...

International Journal of Social Ecology and Sustainable Development, 2015

Recent studies consider education and human capital growth as a main source of economic growth. I... more Recent studies consider education and human capital growth as a main source of economic growth. In the classical model, population growth and capital accumulation was envisaged as an engine of economic development. Population and market rate of wages were believed to have mutual affinity. Neoclassical model, it is known as Solow Model, shows capital accumulation would increase the growth rates in the short run, but cannot generate any long run GDP growth rate increase. The Solow model implies that economies will conditionally converge to the same level of income, given that they have the same rates of savings, depreciation, labor force growth, and productivity growth. This study firstly examines the structural and economic changes in Turkish economy and then analysis the effect of education and the role of technical progress on Turkish economic growth during the period 1990-2012. This study finds out that the real GDP growth rate is dependent on capital formation and growth rate of ...

International Journal of Social Ecology and Sustainable Development, 2012

Political corruption has received increasing attention in the recent literature as it leads to cr... more Political corruption has received increasing attention in the recent literature as it leads to crises in both industrialized and developing countries. This study examines the level of corruption and for this purpose this study tries to find out the question of what determines political corruption. Foreign aid, the world policy index, GDP per worker, democracy, British colony, religion, women in the parliament, ethnolinguistic fractionalization, and the number of years of schooling are used as explanatory variables. The ordinary least squares (OLS) and a parsimonious specification is used in order to identify the insignificant variables which will be dropped sequentially from the first setup, so as to arrive at a final specification. Yet, the core variables are kept, which were the number of years of democratic government (Durable), and the percentage of population with Protestant religious affiliation (Prot), and enthnolinguistic fractionalization (Etf), from the first specification...

Applied Econometrics and International …, 2007

This paper examines the cointegration and causality among exchange rate, export, and import for T... more This paper examines the cointegration and causality among exchange rate, export, and import for Turkey during the period of 1998-2006. The econometrics results show that there is a cointegration between exports and import, but direction of causality is bidirectional between these two variables. The impulse response functions also supports that there is a trade-off between exports and imports; for example, when imports are high, there is smaller exports at that time. This study supports few investigators who find no negative effect of exchange rate volatility on trade volume since it is found that exchange rates cannot determine the variation in exports and imports.

Applied Econometrics and …, 2010

Downloadable (with restrictions)! This study examines that why developing countries attract diffe... more Downloadable (with restrictions)! This study examines that why developing countries attract different amount of direct investment. Thus, the paper considers many different factors, such as economic, politic, and socio-cultural factors. The paper firstly uses Levin, Lin and Chu (2002 ...

International Journal of Management Economics and Business, 2013

Bulanık mantık yaklaşımı, yapay zeka çalışmalarının bir alt dalı olarak incelenmektedir. Aristote... more Bulanık mantık yaklaşımı, yapay zeka çalışmalarının bir alt dalı olarak incelenmektedir. Aristoteles'in iki değerli mantık önermesine karşı, çok değerli mantık çalışmalarının bir ürünü olarak ortaya çıkmıştır. İlk olarak buhar makinesi denetleme sisteminde kullanılan bulanık mantık yaklaşımının günümüzde çok geniş sahada uygulama alanı bulduğu görülmektedir. Finansal yönetimde bulanık mantık uygulamaları ise oldukça yeni bir konudur. Bulanık mantığın; hisse senedi fiyat tahmini, kredi değerlendirme, portföy seçimi ve risk analizi uygulamaları oldukça popüler bir yöntem haline gelmiştir. Bu makalede bu alanda yapılan çalışmalar; analiz edilen veriler, kullanılan metot ve elde edilen sonuçlar çerçevesinde sunulmuştur.