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The Problem of Terrorism in Central Asia and Countering Terrorist Activities in Kyrgyzstan

Bakıt BORKOYEV

This article discusses the sources and characteristics of terrorism in Central Asia, particularly in Kyrgyzstan as well as the scope and effectiveness of counter-terrorism measures in the region. The article analyzes the threats to regional security, nature of radicalism, reasons of population's involvement in radical politics and the impact of Afghanistan on the problem of terrorism in the region. The article also focuses on the phenomenon of terrorism in Kyrgyzstan by identifying its main causes, such as weak political institutions, the crisis of ideology in the post-Soviet era and Kyrgyzsta ...More

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Impact of Afghanistan on the Security of Kyrgyzstan

Camgırbek BÖKÖŞOV

This paper explores the impact of the security problems of Afghanistan on Kyrgyzstan's current national security situation. Afghanistan's main channels of indirect influence are the narcotics trafficking and the infiltration of the international terrorist groups into the territory of the Kyrgyz Republic. Besides, the “Afghan crisis” has a direct impact on the national security of Kyrgyz Republic. The identification and assessment of Afghanistan's influence on the security situation in Kyrgyzstan necessitates an analysis of the social, political, geopolitical, economic and ideological aspects o ...More

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The Great Powers in Central Asia: Policies of the US and Russia

Zakir ÇOTAYEV

This paper seeks to examine the foreign policies of the United States and Russia towards Central Asia. The paper also aims at exploring the competition between the two countries and its consequences for the Central Asian states. The main argument of the paper is that despite the fact that the active involvement of the United States and Russia in the Central Asian security produces positive effects for the Central Asian countries, the worsening of their bilateral relations increases their regional competition and undermines political stability in Central Asia. In the aftermath of 9/11, the Unit ...More

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Tourism Sector in Order to Recovering From the Recession: Comparison Analyses for Turkey

Muhsin HALİS

2008 economic crisis hit very hard many sectors globally, beside tourism, too. According to the economical and financial reports, the demand of hotel & restaurant industry declined sharply, and as a result of that situation tourism revenues had been affected negatively. Turkey was one of the few destination, which had a growing at the international tourist arrivals despite the 2008 crisis. Although the tourism revenues declined, but it was little while comparing with its competitors. Via the analyses of data's has been obtained by Prime Ministry Undersecretaries of Treasury, the effects of the ...More

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A Comparative Analysis of Productivity Growth, Catch-Up, and Convergence in Transition Economies

Ertuğrul DELİKTAŞ

The paper examines the macroeconomic performance of 25 transition economies using a comparable data set. In order to see whether transition to a market-based economy increased economic efficiency, technical progress, and total factor productivity (TFP), we estimate efficiency measures for Eastern European and Baltic countries and the republics of the former Soviet Union using stochastic frontier analysis (SFA) and data envelopment analysis as a confirmatory analysis. According to the SFA estimates, the average annual efficiency level for the 25 transition economies is 0.548, and the average an ...More

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Persistence in inflation: Does Aggregation Cause Long Memory?

Mehmet BALCILAR

This paper examines persistence in Turkish inflation rates using data from consumer and wholesale price indices. The inflationary process in Turkey is believed to be highly inertial, which should lead to strongly persistent inflation series. Persistence of seventy-five inflation series at various aggregation levels is examined by estimating models that allow long memory through fractional differencing. The order of fractional differencing is estimated using several semiparametric and maximum likelihood methods. Persistence of each series is evaluated using the time required for a given percent ...More

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Multifractality of the Istanbul and Moscow Stock Market Returns

Mehmet BALCILAR

There is a growing awareness among financial researchers that the traditional models of asset returns cannot capture essential time series properties of the current stock return data. We examine commonly used models, such as the autoregressive integrated moving average (ARIMA) and the autoregressive conditional heteroskedasticity (ARCH) family, and show that these models cannot account for the essential characteristics of the real Istanbul Stock Exchange and Moscow Stock Exchange returns. These models often fail, and when they succeed, they do at the cost of an increasing number of parameters ...More

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Relationship between Trade Openness and Economic Growth: Evidence from Panel Causality Analysis

Zamira ÖSKÖNBAYEVA

The main purpose of this study is to investigate the causal relationship between trade openness and economic growth using the panel data of 125 countries for the period 1992-2015. For this purpose, a three-stage panel Granger causality test has been employed. Countries were divided into two groups as developed and developing countries. In the first stage panel unit root test has been used in order to explore stationarity properties of the series. Then panel co-integration technique has been employed in order to estimate long-run economic relationships between variables. In the last stage panel ...More

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To Click or Not To Click? Kyrgyz Consumers

Azamat MAKSUDUNOV

Social media attracts a wide range of users and in this way creates great opportunities for businesses and in this way attract the academic researchers from all over the world. According to recently published research, the majority of the articles on this subject concentrated in the last 5 years and main of them addressed to developed countries. Limited numbers of studies have published from emerging markets especially from the former Soviet Union countries. This study aims to examine social media usage in Post-Soviet Kyrgyzstan. Data was collected by using structured questionnaire, which base ...More

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Perception of Strategical Management in Textile Sector

Celaleddin SERINKAN

The aim of this research includes what the perception of textile firms operating in Denizli province about strategic management issues are, at what organizational level the strategic management decisions are taken and what the strategic goals are. Moreover, this study is important in terms of creating awareness by reminding the importance of strategic management in textile sector. The textile sector which has an important place within Denizli's economy. The textile production and sales have always been placed on the top for the economic structure in Denizli and it will continue to be an econom ...More

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Amino Acid and Fatty Acid Profile of the Mare's Milk Produced on Suusamyr Pastures of the Kyrgyz Republic During Lactation Period

Ayçürök MACİTOVA | Asılbek KULMIRZAYEV | Cıldızay ÖZBEKOVA | Aybek BODOŞOV

The high nutritional and health-promoting properties of kymyz, a traditional drink of nomads produced from mare's milk, are well-known and reported in literature. The composition of mare's milk is significantly different from that of cow and other ruminants. Fatty acid composition and amino acid profile of mare's milk produced at Suusamyr pastures of Kyrgyzstan were studied during four lactation months (May, June, July and August). The amino acid composition was determined by precolumn derivatization with diethyl ethoxymethylenemalonate (DEEMM) in high-performance liquid chromatography (HPLC) ...More

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