M.A. Theses
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Item Choice of industry and its significance in the industrialization process(Thesis (M.A.)- Bogazici University. Institute for Graduate Studies in Social Sciences, 1981., 1981.) Eden, Müjgan.Item The pharmaceutical industry in Turkey(Thesis (M.A.)- Bogazici University. Institute for Graduate Studies in Social Sciences, 1981., 1981.) Özbay, Bilge.Item The evolution of western economic "aid" in the post-war period: |theory and practice(Thesis (M.A.) - Bogazici University. Institute for Graduate Studies in Social Sciences, 1982., 1982.) Ertuna, Caner.Item The impact of defense expenditures on the economy and the economic consequences of disarmament(Thesis (M.A.)- Bogazici University. Institute for Graduate Studies in Social Sciences, 1982., 1982.) Doğan, Süleyman.Item Sources of inflation in Turkey an eclectic analysis(Thesis (M.A.) - Bogazici University. Institute for Graduate Studies in Social Sciences, 1984., 1984.) Akışık, Orhan.; Gökçe, Deniz.Item The effects of the promotive measures investment(Thesis (M.A.)- Bogazici University. Institute for Graduate Studies in Social Sciences, 1984., 1984.) Pişirir, A. Tarık.; Kaytaz, Mehmet,The purpose of this work is to try to measure the effects of subsidies on fixed capital investment during the period 1963 - 1980 employing a Neoclassical theory of optimum capital formation. The promotive measures adopted are as follows; a) Tax rebates for investment, b) Custom tax installments c) Complete and partial custom tax exemptions, d) Low interest investment credits. This research is composed of six sections. In the first section, the Neoclassical theory of optimal capital formation is summarised and the theory is extended in order to cover the effects of tax rebates for investmend. In the second and third sections Dale W. Jorgenson's "Neoclassical" investment model and econometrics of the model are discussed, respectively. In the forth section, the adopted promotive measures are described and the effects of promotive measures on the determination of the price of capital services are calculated. In the fifth section, Dale W.Jorgenson's theory of investment which was discussed in the previous sections applied to annual Turkish data for the period 1958 - 1980 and using the price of capital services data calculated in section Four, the coefficients of the investment function is determined. In the final section, the cost of capital services in case of no promotive measures i.s calculated and given the coefficients of the investment function determined in section Five, the investment levels in the case of no promotive measures are estimated. The difference between the actual gross investment levels and the estimated gross investment levels in case of no subsidy is the amount of increase caused by the promotive measures on gross investment. Then, the cost of capital services are calculated seperatly in the case of only taxrebates for investment, only custom tax installments, only complete and partial custom tax exemptions and only low interest investment credits are to be applied. The weights are given to the each promotive measure according to the difference between the cost of capital services in case of no subsidy and only that promotive measure is applied. The amount of increase caused by the promotive measures is distributed among the subsidies according to the given weights in order to obtain the individual effectsof each promotive measure.Item An introduction to the differential-integral formulation of the labour-theory of value(Thesis (M.A.) - Bogazici University. Institute for Graduate Studies in Social Sciences, 1984., 1984.) İnhan, S. Mehmet.; Gökçe, Deniz.Item An evaluation of the post-1980 export performance of the Turkish manufacturing industry(Thesis (M.A.) - Bogazici University. Institute for Graduate Studies in Social Sciences, 1985., 1985.) Övet, Yonca.; Evcimen, Günar.Item A study on the economic crisis of 1970's and proposals: |an eclectic analysis(Thesis (M.A.) - Bogazici University. Institute for Graduate Studies in Social Sciences, 1985., 1985.) Koçak, Cüneyd.Item A comparative study of the growth of the public sector in the EEC countries(Thesis (M.A.)-Bogazici University. Institute for Graduate Studies in Social Sciences, 1985., 1985.) Tözüm, S. N. Zeynep.; Önder, İzzettin,Item The importance and position of the flat glass sector within the glass industry of Turkey between 1977-1984(Thesis (M.A.) - Bogazici University. Institute for Graduate Studies in Social Sciences, 1986., 1986.) Yakut, Nilgün.; Gökçe, Deniz.The steering role of industries are very important in developing countries. Determining functions of especially some industries have vital places in these economies. Among them, construction industry has a very considerable share. Effecting many other industries and employment opportunities is what construction industry causes. One of the industries which construction industry affects is glass industry. Of course glass industry -when considered as a whole- can not be completely related with the construction industry. As in every kind of industry, glass industry has subsectors. Flat (sheet) glass subsector of glass industry is therefore the sector which has the closest ties with the construction industry. In this study, the importance and position of flat glass industry as a subsector of the whole glass industry is examined for Turkey. The mostly emphasized point here is the changes observed in this sector before and after the application of the economic stabilization policies in 1980. The results do not show radical but somewhat considerable changes in the post-1980 period. Especially the effects of outward-looking policies are explicitly observable from the number of countries that Turkey directed her exports and where the geographical places of these countries are. The costs of the outward-looking policies are, on the other hand, supported by the domestic market policies as the comparison between export and domestic market performances show.Item Optimum currency areas: |political and economic optimums of the European monetary system(Thesis (M.A.) - Bogazici University. Institute for Graduate Studies in Social Sciences, 1986., 1986.) Günan, R. Engin.Item Application of Khan and Knight's model to Turkish economy for the periods 1964-1980 and 1980-1985(Thesis (M.A.)- Bogazici University. Institute for Graduate Studies in Social Scieences, 1986., 1986.) Baç, Mehmet.; Çiller, Tansu,The present study is an application to the Turkish economy of a model formulated by Khan M.S. and Knight M.D. where output, prices, international reserves, government spending and expenditures, money, and domestic credits are simultaneously determined. The prediction of these variables are made available through the estimated reduced form of this model. It is observed that only four out of seven equations provide an acceptable error. This can not be interpreted as a brillant fit. The worst results are obtained from the int~rnational reserves equation. Estimation of orice level and real income were succesful since those variables had a predictable trend over time. Nevertheless, the outcomes' of ex-post simulations made available from the reduced form, indicate that obtaining the structural form parameters by a further stage of least squares estimation ca-lead to interesting results. Before going into the mentioned procedure, however, it is essential that the international reserves equation should be examined thoroughly.Item The effects of financial conditions on time and saving deposits :|a case study of Turkey(Thesis (M.A.) - Bogazici University. Institute for Graduate Studies in Social Sciences, 1990., 1990.) Şenkal, R. Güneş.; Gökçe, Deniz.The purpose of this paper is to indicate, in the light of the past and recent trends, the areas and scope for domestic policy action for improving the process of domestic resource mobilization. This paper focuses on the quantifiable determinants of saving and analyses the effects of financial conditions on the volume of time and saving deposits and presents an emprical test of models of finance in economic development, developed by McKinnon-Shaw (1973) and Maxwell Fry (1978). The first chapter of the book provides an introduction to the problem and explains my aim briefly. The second part of the book is the review of the literature and it consists of the Keynesian type saving function, the life-cycle hypothesis of saving, the McKinnon-Shaw model, Van Wijnbergen and Taylor models. In the third chapter of the book Fry's saving function specified for econometric estimations is described in more detail and the result of these estimations for seven and fourteen Asian developing countries are given. In the fourth chapter, the economic performance of Turkey is summarized over the period 1963-1988. The fifth chapter represents my own model which is based on Fry's saving function; this chapter presents the result of the time series analysis, using quarterly observations over the period 1963-88. The sixth chapter covers empirical tests for interest rate liberalization for the subperiods 1970.1-1988.4 and 1980.1- 1988.4. Chapter seven is the last chapter and it provides a conclusion and gives suggestions for further research.Item Leasing state economic enterprises against foreign dept payments(Thesis (M.A.)- Bogazici University. Institute for Graduate Studies in Social Sciences, 1990., 1990.) Altaş, M. Orhan.; Gönensay, Emre.The Turkish economy is facing many problems in early 1990s. Especially State Economic Enterprises place a heavy burden on the economy and play an important role in these problems. In order to increase the efficiency,productivity and flexibility of these enterprises many measures were taken in the Turkish economy. Eventually privatization has attemped to apply in Turkey like the other countries which suffered from the same problems. Privatization could not be applied satisfactorily due to some problems such as lack of capital accumulation, unrealistic assession of State Economic Enterprises. In this thesis a new method is proposed and it is claimed that there will be a profit boom following the application of the new method to the State Economic Enterprises.The high profit of the State Economic Enterprises will faciliate the external debt payments. On the other hand public sector will benefit from the high tax revenues which will reduce in return budget deficit and domestic borrowing requirement. The above mentioned assumptions led the study to test whether the new proposed method can be an alternative way or not to increase the efficiency,productivity and profitability of State Economic Enterprises.Item Interactions between economic integration and foreign direct investment: |a comparative analysis between Spain and Turkey(Thesis (M.A.)- Bogazici University. Institute for Graduate Studies in Social Sciences, 1991., 1991.) Karagözoğlu (Öz), Sumru.; Öniş, Ziya.This study tried to extract the effects of economic integration on foreign direct investment by comparing the performance of an economically integrated and an unintegrated country , spain and Turkey , respectively. Locational determinants of foreign direct investment and appropriate proxies to test their significance , which have been shaped through the last three decades by the discussions of the students of the subject, were used to compare the locational attractiveness of the countries for foreign investors . In accordance with the huge literaure in this area , the main result of the study was the acceptance of the existence of the positive effects of economic integration on foreign direct investment.Item A study on the Turkish insurance sector :|with a special emphasis on recent deregulations and its protracted impact on the growth of the Turkish economy(Thesis (M.A.) - Bogazici University. Institute for Graduate Studies in Social Sciences, 1991., 1991.) Çöğendez, M. Tunç.; Gönensay, Emre.In this thesis, the role of the insurance sector in the financial system in Turkey and the changing aspect of the sector through the new deregulations have been investigated. Financial analysis of the sector and comparison with world standards is part of the study. Main characteristics and problems associated with the sector backed up by relevant historical data are surfaced. Analysis of new foreign and local entrants to the sector as a consequence of recent deregulations is also included in the study. The research is exploratory in nature and extensive preliminary work has been done on the subject.Item Government behavior and inflation in Turkey an interpretation based on two alternative approaches(Thesis (M.A.)- Bogazici University. Institute for Graduate Studies in Social Sciences, 1994., 1994.) Güner, Nezih.; Akçay, Cevdet.In this study, two alternative forms of government behavior are proposed and their connections with the inflationary process in Turkey are analyzed using post-1980 data. The theory of optimal seigniorage predicts that if government's aim is to minimize the welfare costs of financing a given amount of revenue needs by taxation and seigniorage, the optimal fiscal policy for the government is to increase ordinary income tax rates and inflation together. Using a model developed by Trehan and Walsh (1990), we showed the testable restrictions of the theory of optimal seigniorage on data: both the tax rate and inflation must be nonstationary series and the two series must be cointegrated. Post-1980 Turkish data, however, did not support these predictions of the optimal seigniorage theorf. As an alternative, we used a deficit-oriented approach developed by Bruno (1989), and Bruno and Fischer (1986 and 1990). This approach investigates the connections between the fiscal fundamentals and inflation and models the inflationary process as the failure of the government to correct the fundamentals. Our findings were consistent with the predictions of this alternative view: the inflation being shaped by the fiscal and monetary fiindamentals. Our results can be interpreted as a demonstration of the non-optimality of the inflationary process in Turkey and as an indication of the increased fragility of the economy.Item Insiders and outsiders in wage determination of the Turkish manufacturing industry(Thesis (M.A.) - Bogazici University. Institute of Social Sciences, 1997., 1997.) Kıvcı, Banu.; Ercan, Hakan.The' Insider-Outsider' model suggests that both internal and external factors to the sectors play an important role in wage determination. The results of our analysis of a panel data set of Turkish two-digit manufacturing industry support this view. The industry wage determination is best seen as a kind of rent sharing in which the real wage is shaped by a mixture of insider forces (including sales per employee, unionization and financial liquidity) and outsider forces (including unemployment and alternative or outside wage).Item A VAR frame work in analyzing the effects of anticipated and unanticipated monetary shocks on macro aggregates : the case of Turkey(Thesis (M.A.) - Bogazici University. Institute of Social Sciences, 1999., 1999.) Karapaşaoğlu, Fatma E.; Alper, Emre.This study examines the effects of anticipated and unanticipated monetary policy on macro variables for Turkey, over the period of 1987-1998, using a vector autoregression framework following Cochrane (1998). Monetary policy is analyzed by means of two different shocks; one is the shock on money supply and the other is the shock on the interest rate. Expansionary monetary policy is found to affect output positively but not significantly in all estimations. On the other hand, contractionary monetary policy, measured by a positive interest rate shock, reduces output significantly in all estimations. Although the effect of monetary policy on output is significant, it can only explain a tiny fraction of the changes in real output. Estimation results indicate that there exists 'price puzzle' in Turkey, i.e., prices respond negatively to expansionary monetary policy and positively to contractionary monetary policy. The response of the exchange rate to monetary policy is found to be in the same direction as that of the price index in all estimations. Finally, if we assume that not only unanticipated monetary· policy but both anticipated and unanticipated monetary policies have some effects on macro variables, responses of those variables to monetary shocks die out within a shorter time period.|Keywords: Vector autoregression, monetary transmission mechanisms, anticipatedunanticipated shocks