İktisat Bölümü

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The Cittaslow Philosophy in the Context of Sustainable Tourism Development; The Case of Turkey
(Tourism Management, 2014) Ekinci, Mehmet Behzat
This paper studies the Cittaslow (slow city) philosophy in terms of sustainable tourism development (STD); and in this context research was undertaken for the case of Turkey. Cittaslow, a movement rooted in STD philosophy, aims to encourage the development of tranquil cities already known for their historical, natural, socio-cultural, and touristic features and the intention is to offer a significant contribution to systematic and rapid implementation of STD on a global scale. This paper, which makes a particular study of the practice of STD in Turkey, offers new candidate cities (Uzungöl, Hasankeyf, Safranbolu, Ürgüp, and İznik) and, thus, endeavours to contribute to the spread of STD throughout the whole country. In this study, above-named cities were found to be particularly good candidates for Cittaslow membership. In addition to these: Tatvan, Midyat, Alanya, and Fethiye were also found to be potential Cittaslows even though they fail to meet the population criterion.
Effect of Economic Policy Uncertainty on Co2 With the Discrimination of Renewable and Non Renewable Energy Consumption
(Pergamon-elsevier Science Ltd, 2024) Atay Polat, Melike; Ilhan, Ozturk; Usama, Al-Mulali; Savranlar, Buket; Polat, Melike Atay; Metawa, Noura; Raboshuk, Alina
The link between policy -related economic uncertainty and the environment has a new and developing literature. In this study, the effects of economic policy uncertainty, energy consumption and economic growth on pollution in G7 countries are investigated by using methods of moments quantile regression over the perod of 1995-2018. According to the long run coefficient estimation results, in the model in which the fossil fuel energy consumption variable is used as an energy consumption indicator, economic policy uncertainty has a reducing effect on emissions at all quantile levels. Although this negative effect becomes more pronounced as the quantile level increases, it is statistically insignificant at the 0.90 quantile level. In the model that includes fossil fuel energy consumption, the coefficient of economic policy uncertainty variable is negative in all quantiles and is significant only at the 0.30 and 0.40 quantile levels. In addition, while a U-shaped relationship is detected between economic growth and emissions in these countries, the destroying effect of fossil fuel energy on environmental quality is confirmed in all quantiles. Thus, it should be a priority to support the developments in growth performance with environmental regulations, encourage energy -saving and energy -efficient practices as well as to establish the legal infrastructure.
Is electronic finance sustainable or not in the European Union? New insights from the panel vector autoregression approach
(SpringerLink, 2022) Atay Polat, Melike; Aslan, Alper; Atay Polat, Melike; Topalgokcelli, Emre; Esmeray, Murat
Abstract Today, as a result of the developments and widespread use of information and communication technologies, the weight of online shopping in the economy has increased. The environmental impacts of this new order, which is an important part of electronic fnance, are discussed. In this study, the efect of electronic fnance, economic growth, renewable energy consumption, and urbanization on emissions in EU member countries is examined using the panel vector autoregression (PVAR) approach for the period from 2005 to 2018. The main results suggest that e-fnance has a positive and statistically signifcant efect on CO2 emissions. However, the renewable energy consumption-increasing efect of e-fnance is greater than its emission-reducing efect. Moreover, renewable energy consumption has a statistically insignifcant efect on emissions. Therefore, the contribution of e-fnance on environmental quality weakens. The requirement for EU member countries to prioritize the use of environmentally friendly energy to beneft from the environmental contribution of e-fnance in the most optimal way is stated as the main policy implication of this study
Misspecified expectations in an open economy
(Elsevier, 2024) Yılmaz, Yusuf Ömür; Cicekci, Cumhur
In the past two decades, Turkey has experienced multiple changes in its monetary policy regime.To analyse how these policy changes affect the behaviours of households and firms, somebehavioural parameters are incorporated into a small open economy New Keynesian model. Ourapproach consists of four phases. First, we assess the impacts of the behavioural parameters onthe model and find that higher values of the parameters increase the effects of expectationson the model. Second, for the period between 2006 and 2021, the model is estimated for theTurkish economy and the findings show that both households and firms are more forward-looking in their decision making. Moreover, the current variables have a weak effect on thenominal interest rate, and the inertial nominal interest rate has a strong effect on it. Third, weanalyse the evolution of the model parameters over the period and find that the behaviouralparameters tend to increase, while the monetary policy becomes more inertial. Finally, weconclude that the Central Bank should follow Domestic Inflation-based Taylor rule to minimise welfare loss
What are the mistakes we think are correct about the Natural resource curse' hypothesis? New insights from quantile regressions via method of moments for EU
(Elsevier, 2023) Atay Polat, Melike; Atay Polat, Melike; Aslan, Alper
The nexus among natural resources and economic growth has recently been extensively studied in the context of the "Natural Resource Curse (NRC)" hypothesis. It is critical to use the latest analysis techniques in the development of the relevant literature. Therefore, this study aims to test the NRC hypothesis in EU member countries applying the Method of Moments Quantile Regression. Moreover, the focus of this study on EU countries for the first time fills an important gap in the literature. Renewable energy consumption, gross fixed capital formation, and urbanization are adopted as control variables. The findings demonstrate the validity of the NRC hypothesis at all quantile levels. Renewable energy consumption contributes to economic growth up to 0.70 quantile level. Additionally, gross fixed capital formation and urbanization have a positive impact on growth at all quantile levels. Empirical outputs highlight the importance of natural resources for growth in EU member countries and raise suggestions for possible policy formulation and implementation processes.

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