WHICH HYPOTHESIS IS VALID FOR OECD COUNTRIES IN THE CONTEXT OF THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH? A PANEL DATA ANALYSIS = Bзаимосвязь между энергопотреблением и экономическим ростом в странах OЭСP: анализ панельных данных

İbrahim Halil SUGÖZÜ

In the study, panel data analysis was conducted on 32 OECD countries covering the period 1990-2018. To analyse the effect of energy consumption on economic growth, first, a cross-section de-pendence test of the variables was carried out, then CADF Test, which is the most suitable unit root test based on the obtained results results, was applied. According to the findings of the Hausman, autocor-relation, and heteroscedasticity tests, it has been decided to use the Driscoll-Kraay test for the model's forecast. The forecast results demonstrate that energy consumption positively affects economic ...Более

Does Wagner’s Hypothesis Explain the Dynamics of Health Expenditures in Transition Countries?

Zamira ÖSKÖNBAYEVA

he purpose of this study is to analyze the short and long run causal relationship between public health expenditure and GDP per capita in transition economies within the context of the Wagner hypothesis. For the period 2000-2020, the empirical analysis was conducted using a dataset covering 22 transition countries: Latvia, Belarus, Czechia, Georgia, Bulgaria, Hungary, Estonia, Croatia, Moldova, Bosnia and Herzegovina, Slovenia, Ukraine, Armenia, Lithuania, Russian Federation, Slovak Republic, Romania, Turkmenistan, Uzbekistan, Tajikistan, Kyrgyz Republic, and Kazakhstan. Wagner emphasizes that ...Более

Investigating the factors affecting the PISA-based test performance of Asian students

Zamira ÖSKÖNBAYEVA

Purpose - This study investigates the factors affecting the learning outcomes of Asian students. Methods - The effects of both educational inputs and economic and socioeconomic variables on the PISA scores of 10 Asian countries (Hong Kong, Indonesia, Japan, Singapore, Macau, Korea, Turkey, Israel, Qatar, and Thailand) for the years 2006, 2009, 2012 and 2015 were examined using unbalanced panel data. Findings - The results show that country -level economic factors strongly affect academic achievement. Furthermore, country -level economic factors dominate the other explanatory factors in the num ...Более

KOBİ’lerde Yönetim Ve Maliyet Muhasebesinin Stratejik Karar Alma Üzerine Etkisi

Emin YÜREKLİ

Ekonomi ve teknoloji alanındaki değişimlerin son yıllarda hızlanmasıyla birlikte, KOBİ’ler başta olmak üzere işletmelerin bu değişimi yakından takip etme zorunluluğu doğmuştur. Yaşanan değişimler başta geleneksel maliyet muhasebesi olmak üzere yönetim muhasebesi üzerinde birtakım farklılıkların oluşmasına neden olmuştur. Bu doğrultuda KOBİ’ler bünyelerindeki maliyet ve yönetim muhasebe sistemlerinin yeterli olmadığını görüp, sistemlerini yeniden gözden geçirilmesi gereksinimini duymuşlardır. İşletmelerde alınan stratejik, yönetsel ve teknik kararların büyük bir kısmı maliyetlerle ilgilidir. Bu ...Более

Döviz Kurunun Çıktı Üzerindeki Etkisi: Geçiş Ülkeleri Örneği = The Impact of Exchange Rate on Output: Evidence from Transition Countries

Raziyahan ABDİYEVA | Zamira ÖSKÖNBAYEVA

This study investigates the impact of exchange rate on aggregate output for a group of 10 transition economies using panel simultaneous equation model. The model is estimated by generalized two-stage least squares method. The annual data used in the study cover the period from 1998 to 2014 for selected transition countries which are: Azerbaijan, Kazakhstan, Kyrgyzstan, Belarus, Georgia, Moldova, Russia, Tajikistan, Ukraine and Latvia. The result of the study indicates that there is a relationship between exchange rate and macroeconomic variables under consideration. It can be concluded that ou ...Более

Var - analysis of global financial economic crisis impact on public budget and unemployment: evidence from the economy of the Kyrgyz Republic

Cunus GANİEV

The Global financial crisis hit the economy of the Kyrgyz Republic by the third wave of its transmission in the early of 2009. The article examines the impact of the Global financial economic crisis on the public budget and unemployment of the Kyrgyz Republic. We analyzed the transmission of the crisis on the public budget firstly and its effect on unemployment level by using the vector autoregression approach (VAR) and quarterly data for 2005–2013 within the framework of IS-LM model for small open economies with floating exchange rate. There is an inverse relationship between the public budge ...Более

Understanding Individual Investors’ Behavior: Empirical Evidence from Bishkek

Raziyahan ABDİYEVA

An Analysis of Export and Import by Simultaneous Equation Model in Kyrgyzstan

Zamira ÖSKÖNBAYEVA

This study investigates the relationship between export and import in the case of Kyrgyzstan by using monthly data for the period of 2000-2013. Simultaneous equation method is implemented to the variables, export, import, GDP, CPI, money supply and exchange rate. Results exhibit that export is positively and statistically significantly effected by domestic income, exchange rate and import and import is positively and statistically significantly impacted by money supply, inflation rate and export. The key finding is that there is empirical evidence disclosing a two-way link between export and i ...Более

Yenilenebilir Enerji Tüketimi, İktisadi Büyüme ve Karbondioksit Emisyonu Arasındaki Nedensel İlişki: Orta Doğu ve Kuzey Afrika Ülkeleri Örneği = The Causal Relationship between Renewable Energy Consumption, Economic Growth and Carbon Dioxide Emissions: Evidence from Middle East and North Africa Countries

Raziyahan ABDİYEVA | Zamira ÖSKÖNBAYEVA

Renewable energy plays a crucial role in increasing economic growth while reducing carbon dioxide emissions. The aim of this study is to examine the interaction between renewable energy consumption, economic growth and carbon dioxide emissions for selected Middle East and North Africa countries. For this aim, panel vector autoregression approach is used in the study. The annual data used in this study cover the period from 1988 to 2010 for Middle East and North Africa countries. Firstly, second generation unit root test are used to investigate stationarity properties of the variables and secon ...Более

Heteroscedastic probit model: An application of home ownership in Turkey

Ebru ÇAĞLAYAN AKAY

This study examines the factors affecting the possibility of owning a house in Turkey using probit models. Moreover, it focuses on the heteroscedasticity problem that is ignored in most of the probit applications. The results obtained from the study indicate that besides the demographic characteristics of the head of the household, education, employment, and income are also influential factors in regard to home ownership. Besides these things, evidence indicates that the choice to live in either rural or urban areas has a significant impact on home ownership.

Kırgızistan’da İthalatın Belirleyicilerinin Modellenmesi = Modeling the Determinants of Import in Kyrgyzstan

Zamira ÖSKÖNBAYEVA

Foreign trade plays an important role in development of each country. Kyrgyzstan, like other transition economies started to open up to foreign countries after achieving it's independence and began to practice it’s own foreign trade policies. But during a 21-year period, a surplus in the trade balance was recorded in 2000 and 2001. In other words, the country's economy has faced a chronic deficit of foreign trade. The main objective of this paper is to study the impacts of domestic income and exchange rate on imports by considering the period after 2000 through econometric method by using of m ...Более

About problems of intensifying of partnership in central Asia = О проблемах расширения сотрудничества в центральной Азии

Turar KOYÇUYEV

Анализируется распад СССР и последовавший экономический кризис в его бывших республиках. Указываются ценности советского общества. Подчеркивается, что экономические, социальные, образовательные и культурные связи между странами — бывшими республиками бывшего СССР разорваны. Между тем и в современных условиях независимые государства могут формировать единые экономические, научно-образовательные и культурно-гуманитарные пространства, сохраняя суверенитет. Необходимо учитывать масштабы стран. Например, Киргизии целесообразно выходить на контакты с конкретными субъектами РФ, в частности экспортиру ...Более