40 research outputs found

    The impact of renewable energy consumption to economic growth: a replication and extension of Inglesi-Lotz (2016)

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    This study replicates and extends the results presented in a top-cited article in this journal, Inglesi-Lotz (2016), which analyzes the impact of renewable energy consumption to economic growth for the OECD countries by applying the ordinary least squares with fixed effect estimator on the data from 1990 to 2010. By using the same data and methods, this study first produces and compare empirical results with those reported in the original article. Then, it applies a set of new econometric methods on the same data to address heterogeneity in renewable energy and economic growth across the analyzed group of countries. The panel quantile regression estimation shows that the effect of renewable energy consumption on economic growth is positive for lower and low-middle quantiles; however, its effect becomes negative for middle, high-middle, and higher quantiles when renewable energy consumption is proxied by the absolute value. Furthermore, a negative impact of renewable energy on economic growth is observed in almost all quantiles when it is proxied by the share of renewable energy consumption to total energy consumption. These results greatly differ from those of the original studypublishe

    Türk Bankacılık Sektöründe Finansal Istikrar-Rekabet Ilişkisi

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    Bu çalışma, 2001 krizi sonrası, Türk bankacılık sektöründe finansal istikrarın gelişimi ile sistemdeki rekabet ilişkisini incelemektedir. 2003-2013 dönemi için bir finansal sağlamlık endeksi hesaplanmış; ardından Panzar-Rosse (1987) modeli ile piyasa rekaThis paper aims to analyze the evolution of financial stability in Turkishkish Banking Sector following the 2001 crisis and the impact of competition. A financial stability index is calculated for the period between 2003&2013 and competition is measu

    The Impact Of Ownership Structurkishe On The Financing Decisions: Evidence From Bist Energy Companies

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    Modigliani ve Miller dan (1958) sonra iflas maliyeti, temsilci maliyetleri, bilgi farklılıkları ve vergi konularına dayanarak firmaların optimal sermaye yapısını ne şekilde oluşTurkishacakları finans literatüründe çokça incelenmiştir. Bu çalışmada daFollowing Modigliani and Miller (1958) finance literaTurkishe widely analyzed how the firm chooses its optimal capital strucTurkishe based on bankruptcy costs, agency costs, information asymmetries and tax. The aim of this paper is to analyze the fac
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