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Papers by Baris Kablamaci
Ozet Bu calisma, 1970-2015 yillari arasini kapsamak uzere 72 az gelismis ve gelismekte olan ulken... more Ozet Bu calisma, 1970-2015 yillari arasini kapsamak uzere 72 az gelismis ve gelismekte olan ulkenin, kamu borcu ve ekonomik buyume arasindaki nedensellik iliskisini ampirik olarak incelemektedir. Toda-Yamamoto genisletilmis Granger nedensellik analiz testi uygulanmistir. Yapilan analize gore, 21 ulkede ekonomik buyumeden kamu borclanmasina dogru, 15 ulkede kamu borclanmasindan ekonomik buyumeye dogru, 9 ulkede karsilikli bir nedensellik iliskisi tespit edilmis ve 27 ulke ekonomisi icin kamu borclanmasi ile ekonomik buyume arasinda herhangi bir nedensellik iliskisi gozlemlenmemistir.
Sosyal Bilimler Dergisi, 2011
Agricultural Economics (Zemědělská ekonomika), 2014
The paper examines a systematic interrelationship between the world oil and agricultural commodit... more The paper examines a systematic interrelationship between the world oil and agricultural commodity prices, taking the role of the USD and the perceived global market risks into consideration for the period from January 1990 to June 2013. The authors initially determine the significant cross-sectional dependence in a large balanced panel framework for 27 commodity prices, and then apply the second generation panel unit root (PUR) tests. Findings from the PUR tests clearly suggest that there is a strong unit root in agricultural commodity prices. In addition, the empirical findings from the fixed effects panel data, panel co-integration analysis, the Panel-Wald Causality tests, and the common correlated effects mean group estimations strongly show that the world oil price and the weak USD have positive impacts on almost all agricultural commodity prices. There are also retained the adjuvant effects of the escalatory perceived global market risk upon most agricultural commodity pr...
Economics Bulletin, 2017
This paper empirically examines the causal relationship between energy consumption and economic g... more This paper empirically examines the causal relationship between energy consumption and economic growth, by controlling with CO2 emission and economic globalization in multivariate models, in a sample of the 91 less developed, developing and developed countries individually, in the period of 1970-2013. I apply the Toda-Yamamoto augmented Granger non-causality testing procedure. I observe a significant unidirectional causality running from energy consumption to economic growth in twenty-one countries. In thirty-one countries, conservation hypothesis is valid. Empirical evidence also shows that there is a feedback hypothesis in sixteen countries and no causal relation in only twenty-three countries.
Scottish Journal of Political Economy
This paper empirically examines the causal relationship between energy consumption and economic g... more This paper empirically examines the causal relationship between energy consumption and economic growth, by controlling with CO2 emission and economic globalization in multivariate models, in a sample of the 91 less developed, developing and developed countries individually, in the period of 1970-2013. I apply the Toda-Yamamoto augmented Granger non-causality testing procedure. I observe a significant unidirectional causality running from energy consumption to economic growth in twenty-one countries. In thirty-one countries, conservation hypothesis is valid. Empirical evidence also shows that there is a feedback hypothesis in sixteen countries and no causal relation in only twenty-three countries. I would like to thank the editor, John P. Conley, and two anonymous referees for very valuable comments and suggestions, which significantly improve the paper. Any remaining errors are, of course, belong to the author. Citation: Baris Kablamaci, (2017) ''A re-examination of causal relation between economic growth and energy consumption: Evidence from 91 countries'', Economics Bulletin, Volume 37, Issue 2, pages 790-805
The Annals of Regional Science, 2015
Th e paper examines a systematic interrelationship between the world oil and agricultural commodi... more Th e paper examines a systematic interrelationship between the world oil and agricultural commodity prices, taking the role of the USD and the perceived global market risks into consideration for the period from January 1990 to June 2013. Th e authors initially determine the signifi cant cross-sectional dependence in a large balanced panel framework for 27 commodity prices, and then apply the second generation panel unit root (PUR) tests. Findings from the PUR tests clearly suggest that there is a strong unit root in agricultural commodity prices. In addition, the empirical fi ndings from the fi xed eff ects panel data, panel co-integration analysis, the Panel-Wald Causality tests, and the common correlated eff ects mean group estimations strongly show that the world oil price and the weak USD have positive impacts on almost all agricultural commodity prices. Th ere are also retained the adjuvant eff ects of the escalatory perceived global market risk upon most agricultural commodity prices. 1 The causality of prices affecting economic conditions -one must keep in mind that the cause and effect is never in one direction and mainly depends on a specific context.
Ozet Bu calisma, 1970-2015 yillari arasini kapsamak uzere 72 az gelismis ve gelismekte olan ulken... more Ozet Bu calisma, 1970-2015 yillari arasini kapsamak uzere 72 az gelismis ve gelismekte olan ulkenin, kamu borcu ve ekonomik buyume arasindaki nedensellik iliskisini ampirik olarak incelemektedir. Toda-Yamamoto genisletilmis Granger nedensellik analiz testi uygulanmistir. Yapilan analize gore, 21 ulkede ekonomik buyumeden kamu borclanmasina dogru, 15 ulkede kamu borclanmasindan ekonomik buyumeye dogru, 9 ulkede karsilikli bir nedensellik iliskisi tespit edilmis ve 27 ulke ekonomisi icin kamu borclanmasi ile ekonomik buyume arasinda herhangi bir nedensellik iliskisi gozlemlenmemistir.
Sosyal Bilimler Dergisi, 2011
Agricultural Economics (Zemědělská ekonomika), 2014
The paper examines a systematic interrelationship between the world oil and agricultural commodit... more The paper examines a systematic interrelationship between the world oil and agricultural commodity prices, taking the role of the USD and the perceived global market risks into consideration for the period from January 1990 to June 2013. The authors initially determine the significant cross-sectional dependence in a large balanced panel framework for 27 commodity prices, and then apply the second generation panel unit root (PUR) tests. Findings from the PUR tests clearly suggest that there is a strong unit root in agricultural commodity prices. In addition, the empirical findings from the fixed effects panel data, panel co-integration analysis, the Panel-Wald Causality tests, and the common correlated effects mean group estimations strongly show that the world oil price and the weak USD have positive impacts on almost all agricultural commodity prices. There are also retained the adjuvant effects of the escalatory perceived global market risk upon most agricultural commodity pr...
Economics Bulletin, 2017
This paper empirically examines the causal relationship between energy consumption and economic g... more This paper empirically examines the causal relationship between energy consumption and economic growth, by controlling with CO2 emission and economic globalization in multivariate models, in a sample of the 91 less developed, developing and developed countries individually, in the period of 1970-2013. I apply the Toda-Yamamoto augmented Granger non-causality testing procedure. I observe a significant unidirectional causality running from energy consumption to economic growth in twenty-one countries. In thirty-one countries, conservation hypothesis is valid. Empirical evidence also shows that there is a feedback hypothesis in sixteen countries and no causal relation in only twenty-three countries.
Scottish Journal of Political Economy
This paper empirically examines the causal relationship between energy consumption and economic g... more This paper empirically examines the causal relationship between energy consumption and economic growth, by controlling with CO2 emission and economic globalization in multivariate models, in a sample of the 91 less developed, developing and developed countries individually, in the period of 1970-2013. I apply the Toda-Yamamoto augmented Granger non-causality testing procedure. I observe a significant unidirectional causality running from energy consumption to economic growth in twenty-one countries. In thirty-one countries, conservation hypothesis is valid. Empirical evidence also shows that there is a feedback hypothesis in sixteen countries and no causal relation in only twenty-three countries. I would like to thank the editor, John P. Conley, and two anonymous referees for very valuable comments and suggestions, which significantly improve the paper. Any remaining errors are, of course, belong to the author. Citation: Baris Kablamaci, (2017) ''A re-examination of causal relation between economic growth and energy consumption: Evidence from 91 countries'', Economics Bulletin, Volume 37, Issue 2, pages 790-805
The Annals of Regional Science, 2015
Th e paper examines a systematic interrelationship between the world oil and agricultural commodi... more Th e paper examines a systematic interrelationship between the world oil and agricultural commodity prices, taking the role of the USD and the perceived global market risks into consideration for the period from January 1990 to June 2013. Th e authors initially determine the signifi cant cross-sectional dependence in a large balanced panel framework for 27 commodity prices, and then apply the second generation panel unit root (PUR) tests. Findings from the PUR tests clearly suggest that there is a strong unit root in agricultural commodity prices. In addition, the empirical fi ndings from the fi xed eff ects panel data, panel co-integration analysis, the Panel-Wald Causality tests, and the common correlated eff ects mean group estimations strongly show that the world oil price and the weak USD have positive impacts on almost all agricultural commodity prices. Th ere are also retained the adjuvant eff ects of the escalatory perceived global market risk upon most agricultural commodity prices. 1 The causality of prices affecting economic conditions -one must keep in mind that the cause and effect is never in one direction and mainly depends on a specific context.