@article{akan_hepsag_bozoklu_2022, title={Explaining US economic growth performance by macroeconomic governance, 1952-2018}, ISSN={["1432-1386"]}, DOI={10.1007/s00191-022-00800-8}, journal={JOURNAL OF EVOLUTIONARY ECONOMICS}, author={Akan, Taner and Hepsag, Aycan and Bozoklu, Seref}, year={2022}, month={Nov} } @article{tiwari_raheem_bozoklu_hammoudeh_2022, title={The OilPrice-Macroeconomicfundamentals nexus for emerging market economies: Evidence from a wavelet analysis}, volume={27}, ISSN={["1099-1158"]}, url={http://www.scopus.com/inward/record.url?eid=2-s2.0-85089886206&partnerID=MN8TOARS}, DOI={10.1002/ijfe.2231}, abstractNote={Abstract}, number={1}, journal={INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS}, author={Tiwari, Aviral Kumar and Raheem, Ibrahim D. and Bozoklu, Seref and Hammoudeh, Shawkat}, year={2022}, month={Jan}, pages={1569–1590} } @article{ozcan_danish_bozoklu_2021, title={Dynamics of ecological balance in OECD countries: Sustainable or unsustainable?}, volume={26}, ISSN={["2352-5509"]}, DOI={10.1016/j.spc.2020.12.014}, abstractNote={This paper analyzes the sustainability of the per capita ecological balance for 27 OECD countries between 1961 and 2016. In the framework of a quantile unit root test allowing for nonlinearities and asymmetries, we found that, out of the 27 OECD countries, only Germany, Israel, and Mexico have a sustainable ecological balance, while the remaining 24 countries have an unsustainable ecological balance. In addition, the quantile-based results indicate that 13 OECD countries; namely Australia, Austria, France, Germany, Israel, Italy, Luxembourg, Mexico, Poland, Spain, Sweden, the United Kingdom, and the United States have a sustainable ecological balance either at lower or higher quantiles. The sustainability of ecological balance in most OECD countries is likely to become a serious environmental hazard in the near future. Based on the empirical results, some important political actions and steps should be taken to achieve a consensus between economic growth and environmental quality.}, journal={SUSTAINABLE PRODUCTION AND CONSUMPTION}, author={Ozcan, Burcu and Danish and Bozoklu, Seref}, year={2021}, month={Apr}, pages={638–647} } @article{finance as a friend, enemy and stranger in the us economy, 1952-2019_2021, url={https://publons.com/wos-op/publon/50906311/}, DOI={10.1093/SER/MWAB040}, abstractNote={Abstract}, journal={Socio-Economic Review}, year={2021} } @article{yilanci_bozoklu_gorus_2020, title={Are BRICS countries pollution havens? Evidence from a bootstrap ARDL bounds testing approach with a Fourier function}, volume={55}, url={http://www.scopus.com/inward/record.url?eid=2-s2.0-85078057110&partnerID=MN8TOARS}, DOI={10.1016/j.scs.2020.102035}, abstractNote={The goal of this paper to determine whether the effect of foreign direct investment inflows on the environment is pollutive or pollution-reducing for BRICS countries―Brazil, Russia, India, China, and South Africa―using annual data for the period 1982–2014. For that purpose, this study examines the long-run impact of FDI inflow and energy use on ecological footprint and its components―crop land, grazing land, forest land, fishing ground, built-up land, and carbon footprint―by introducing and utilizing the bootstrap autoregressive distributed lag model with a Fourier function (FARDL) for cointegration. The findings demonstrate that although the effect of FDI inflows on the footprints is mixed in Brazil and Russia, it is positive on environmental degradation regarding ecological footprint and carbon footprint in India. Furthermore, it is found that FDI inflows increase environmental quality in China for cropland and grazing land footprints and in South Africa for crop land, grazing land, fishing ground, and built-up footprints. Furthermore, the long-run effect of energy consumption is mostly pollutive for BRICS countries.}, journal={Sustainable Cities and Society}, author={Yilanci, V. and Bozoklu, S. and Gorus, M.S.}, year={2020} } @article{bozoklu_yilanci_gorus_2020, title={Persistence in per capita energy consumption: A fractional integration approach with a Fourier function}, volume={91}, url={http://www.scopus.com/inward/record.url?eid=2-s2.0-85090199330&partnerID=MN8TOARS}, DOI={10.1016/j.eneco.2020.104926}, abstractNote={In this study, we investigate the degree of persistence for aggregate energy consumption per capita for 113 countries over the period 1960–2014 through a recently introduced fractional unit root test with a Fourier function to allow multiple smooth structural breaks. We also employ the ADF unit root test, the efficient Wald test for fractional unit-roots, and the Fourier ADF test to make a comparison and to enrich the study. The empirical results considering the fractional Fourier unit root test indicate two crucial points. First, shocks have only temporary effects on energy consumption per capita, and it will vanish slowly as a result of the long memory characteristic. Therefore even transitory shocks have persistence effects, which require permanent policies due to their nature. This inference is different from what would be erroneously suggested by the dichotomous approach for stationarity and nonstationarity that temporary shocks will have transitory effects. Second, the integration degree of energy consumption per capita may change due to the existence of a structural break; therefore, policymakers must be aware of the varying integration degree to design and implement the best policies.}, journal={Energy Economics}, author={Bozoklu, S. and Yilanci, V. and Gorus, M.S.}, year={2020} } @article{bozoklu_demir_ataer_2020, title={Reassessing the environmental Kuznets curve: a summability approach for emerging market economies}, volume={10}, url={http://www.scopus.com/inward/record.url?eid=2-s2.0-85081313573&partnerID=MN8TOARS}, DOI={10.1007/s40822-019-00127-z}, abstractNote={This study investigates the robustness and validity of the environmental Kuznets curve hypothesis for Brazil, Chile, China, Colombia, Egypt, Greece, India, Indonesia, South Korea, Malaysia, Mexico, Peru, the Philippines, Thailand, and Turkey. The hypothesis postulates the connection between pollution and income follows an inverted U-shaped path, which means that environmental degeneration rises with income during the beginning phases of economic growth; however, it declines after reaching a specified peak. For the empirical part of our study, we employed summability procedures designed to analyze the nonlinear long-term relationship for persistent processes. The yearly data consist of carbon dioxide emission and gross domestic product, both of which are expressed in per capita terms and cover the period from 1960 to 2014. The results illustrate the Environmental Kuznets Curve hypothesis holds for China, Colombia, India, South Korea, and the Philippines, which means that environmental problems wither away with economic growth and are resolved automatically without any need for policy action in these countries.}, number={3}, journal={Eurasian Economic Review}, author={Bozoklu, S. and Demir, A.O. and Ataer, S.}, year={2020}, pages={513–531} } @article{tourism sector and environmental quality: evidence from top 20 tourist destinations_2020, url={https://publons.com/publon/50906264/}, DOI={10.1007/978-3-030-59675-0_3}, journal={Strategies in Sustainable Tourism, Economic Growth and Clean Energy}, year={2020} } @article{analysis of symmetric and asymmetric nonlinear causal relationship between stock prices and exchange rates for selected emerging market economies_2015, url={https://publons.com/publon/50906962/}, DOI={10.31671/DOGUS.2018.67}, abstractNote={Bu calisma BRICS ulkeleri ve Turkiye'de hisse senedi fiyatlari ve doviz kurlari arasindaki dogrusal olmayan simetrik ve asimetrik nedensellik iliskisini arastirmaktadir. Bu amacla, ilgili degiskenlerin geri bildirimlerinin turlerini saptayarak dogrusal olmayan simetrik ve asimetrik nedensellik iliskisinin test edilmesine imkân saglayan Mackey-Glass modeli kullanilmistir. Dogrusal olmayan simetrik nedensellik testinin sonuclari iliskinin varligina iliskin zayif kanitlar sunarken, testin asimetrik bicimi guclu bir nedensellik iliskisi oldugunu gostermektedir. Sonuc olarak, bu bulgular doviz ve hisse senedi piyasisinda gurultulu islemlerin ve spekulatif davranislarin oldugunu ifade etmektedir.}, year={2015} } @article{türk sermaye piyasasında fiyat ve i̇şlem hacmi i̇lişkisi: zamanla değişen asimetrik nedensellik analizi_2014, url={https://publons.com/publon/50906337/}, DOI={10.21121/EAB.2014218052}, abstractNote={Bu calisma, Turk sermaye piyasasinda hisse senedi fiyatlari ile islem hacmi arasindaki nedensellik iliskisini gunluk veriler araciligiyla 1990-2012 donemi icin arastirmaktadir. Literaturdeki onceki calismalardan farkli olarak, pozitif ve negatif soklara verilen tepkilerin farkli olabilecegi ve ayni zamanda elde edilen sonuclarin zamana bagli olarak degisebilecegi dikkate alinarak, zamanla degisen asimetrik nedensellik testi kullanilmistir. Sonuclar, islem hacminin bilesenlerinden hisse senedi fiyatlarinin bilesenlerine dogru tek yonlu bir nedensellik iliskisi oldugunu ve bu iliskinin zamana bagli olarak degistigini gostermektedir.}, journal={Ege Akademik Bakis (Ege Academic Review)}, year={2014} } @article{bozoklu_yilanci_2013, title={Energy consumption and economic growth for selected OECD countries: Further evidence from the Granger causality test in the frequency domain}, volume={63}, url={http://www.scopus.com/inward/record.url?eid=2-s2.0-84887167705&partnerID=MN8TOARS}, DOI={10.1016/j.enpol.2013.09.037}, abstractNote={This paper aims to reexamine the causal relationship between energy consumption and economic growth for 20 OECD countries. To that end, we employ a Granger causality test in the frequency domain which allows us to distinguish short (temporary) and long-run (permanent) causality. The empirical results could be summarized as following. First, in terms of causality running from GDP to energy consumption, there is a temporary relationship for Australia, Austria, Canada, Italy, Japan, Mexico, the Netherlands, Portugal, the UK, the USA, and a permanent relationship for Austria, Belgium, Denmark, Germany, Italy, Japan, the Netherlands, Norway, and the USA. Second, in terms of causality running from energy consumption to GDP, there is a temporary relationship for Austria, Denmark, Italy, the Netherlands, Norway and Portugal, and a permanent relationship for Belgium, Finland, Greece, Italy, Japan, and Portugal. The main implication of our finding is that the energy policies should take into consideration not only the causality direction between economic growth and energy consumption but also whether it is temporal or permanent and furthermore authorities must design policy actions accordingly.}, journal={Energy Policy}, author={Bozoklu, S. and Yilanci, V.}, year={2013}, pages={877–881} } @article{bozoklu_2013, title={Money, income, and causality: An examination for the Turkish economy}, volume={26}, url={http://www.scopus.com/inward/record.url?eid=2-s2.0-84878973283&partnerID=MN8TOARS}, DOI={10.1080/1331677X.2013.11517596}, abstractNote={Abstract This paper examines the direction of causality between money and income for the Turkish economy using quarterly data over the period of 1987 to 2011. A vector autoregression model consisting of the real gross domestic product, the broad money supply, the three months deposit rate as short-term interest rate, and the consumer price index is constructed to implement causality tests. Also, a leveraged bootstrapped simulation technique is used when conducting causality tests in order to make the results more robust. The empirical results suggest a bidirectional causation between the two variables and that monetary aggregates may provide relevant information in the implementation of monetary policy.}, number={1}, journal={Ekonomska Istrazivanja}, author={Bozoklu, S.}, year={2013}, pages={171–182} } @article{bozoklu_kutlu_2012, title={Linear and Nonlinear Cointegration of Purchasing Power Parity: Further Evidence from Developing Countries}, volume={41}, url={http://www.scopus.com/inward/record.url?eid=2-s2.0-84861640201&partnerID=MN8TOARS}, DOI={10.1080/1226508X.2012.684470}, abstractNote={Abstract In this study, we search for evidence of empirical validity of long-run purchasing power parity (PPP) in case of eight developing countries. We consider both a linear and non-linear model of PPP based on cointegration analysis and apply firstly Johansen's linear approach and then conduct Breitung's rank and score tests to search for any non-linear cointegrating relationship. The results obtained from Breitung's rank test suggest that once the sources of non-linearities are taken into account, the results provide stronger evidence on the empirical fulfillment of PPP.}, number={2}, journal={Global Economic Review}, author={Bozoklu, S. and Kutlu, S.}, year={2012}, pages={147–162} } @article{symmetric and asymmetric nonlinear dynamics in real interest rate parity_2011, volume={2}, url={http://www.scopus.com/inward/record.url?eid=2-s2.0-80051623328&partnerID=MN8TOARS}, journal={Economic Computation and Economic Cybernetics Studies and Research}, year={2011}, pages={210–222} } @article{symmetric and asymmetric nonlinear dynamics in real interest rate parity_2011, url={https://publons.com/publon/3951443/}, journal={Economic Computation and Economic Cybernetics Studies and Research}, year={2011} } @article{stationarity of real exchange rates: an empirical analysis for e7 countries_2010, url={https://publons.com/publon/14201679/}, journal={Maliye Dergisi}, year={2010} } @article{energy consumption and economic growth for selected oecd countries: further evidence from the granger causality test in the frequency domain }