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This study examines the impact of fiscal deficits on stock returns. The sample covers emerging markets for the period 2016Q1-2021Q4. The analysis results using panel vector autoregression (PVAR) and Granger causality tests indicate that fiscal deficits cause stock returns. These results are confirmed for countries with low and medium levels of financial development and for European countries. However, in countries with high levels of financial development such as the BRICS and ASEAN countries, no effect is observed. It is also found that this effect disappears during the COVID-19 pandemic. The results of the study question the strong form of the efficient market hypothesis (EMH). According to the EMH, stock prices should fully reflect all available information. However, the impact of fiscal deficits on stock returns in low- and middle-income countries and European countries suggests that market participants may not fully reflect this information, addressing the existence possibility of markets that are not efficient in the strong form.

Copyright of Akademik Hassasiyetler is the property of Huzeyfe Suleyman Arslan and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Izmir Journal of Economics is the property of Dokuz Eylul University, Faculty of Economics & Administrative Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Necmettin Erbakan University Journal of the Faculty of Political Science / Necmettin Erbakan Üniversitesi Siyasal Bilgiler Fakültesi Dergisi is the property of Necmettin Erbakan University Journal of The Faculty of Political Science and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Research in Economics, Politics & Finance / Ekonomi, Politika & Finans Arastirmalari Dergisi is the property of Journal of Research in Economics, Politics & Finance and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of the Institute of Social Sciences Cankiri Karatekin University / Çankırı Karatekin Üniversitesi Sosyal Bilimler Enstitüsü Dergisi is the property of Cankiri Karatekin University, Institute of Social Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Abant Social Sciences / Abant Sosyal Bilimler Dergisi is the property of Journal of Abant Social Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of International Journal of Disciplines Economics & Administrative Scienves Studies is the property of International Journal of Disciplines in Economics & Administrative Sciences Studies and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Statistical Research / İstatistik Araştırma Dergisi is the property of Turkish Statistical Institute and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study attempts to examine the impact of human rights and economic growth by utilizing two measures of economic growth for developing countries and an unbalanced data spanning from 1961-2017. The hypothesis of the study asserts that improvement in human right protection score increases economic growth in an economy. Firstly I conducted panel unit root test to see if the variables are stationary. After verifying the stationarity of variables at levels (i.e., I(0)) based on panel unit root tests, empirical estimations were conducted without the fear of potential spurious regression problem. According to the estimation results, in parallel to prior expectations, positive statistically significant effect on economic growth was identified for the variables of human right protection, physical capital investment, education investment, openness whereas negative statistically significant effect on economic growth was identified for the variable of inflation in all models estimated. Estimation results indicate that countries trying to reach to higher economic growth, besides the other determinants of economic growth, must pay attention to human right protection and implement policies that prioritizing human right protection. [ABSTRACT FROM AUTHOR]

Ekonomik büyümenin önemli belirleyicilerinden biri olarak yatırımların finansmanı yurtiçi tasarruflar tarafından karşılanmasının yanı sıra kapitalist iktisadi sistemin küresel entegrasyonu arttıkça yatırımların dış tasarruflara olan bağımlılığı da artırmaktadır. Çalışma, literatürde Feldstein ve Horioka (1980) çalışması ile ortaya konan uluslararası sermaye hareketliliği arttıkça yatırım ve tasarruf arasındaki güçlü ilişkinin zayıfladığına ilişkin teorik çerçevenin geçerli olmadığına yönelik ampirik bulgulara dayanan hipotezi ekonomik küreselleşme olgusunu dikkate alarak yeniden ele almaktadır. Bu ilişkinin araştırılmasında literatürde sıklıkla çalışılan OECD ülkeleri ya da gelişmiş ekonomilerin dışında son kırk yılda küresel iktisadi kalkınmanın itici gücü olan gelişmekte olan ülke ekonomileri çerçevesinde ele alınmıştır. Çalışmada yapısal değişimleri modele içsel olarak yerleştiren Fourier panel eşbütünleşme testi ve nedensellik analizleri yapılmıştır. Sonuçlar gelişmekte olan ülkelerde yatırımların tasarruflara bağımlılığın ülkelere göre değişiklik göstermesine rağmen yatırımların tasarruf tutma katsayısının gelişmiş ülkelere nispeten düşük olduğu görülmektedir. Ayrıca bulgular yatırımların gelişmekte olan ülkelerin küresel kapitalist iktisadi sisteme entegrasyon derecesi ile anlamlı ilişkinin olmadığını, FH hipotezinde yer alan çelişkinin gelişmekte olan ülkeler için geçerli olduğunu göstermektedir.

Copyright of Journal of Social Sciences Research / Sosyal Bilimler Arastirmalari Dergisi is the property of ODU Journal of Social Sciences Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

In this paper, we attempt to investigate the effect of usage of pirated software on productivity by utilizing three distinct indicators of productivity for developing countries and an unbalanced panel data set containing the years between 2003 and 2017. Our hypothesis claims that increase in the use of pirated software enhance the productivity level in developing countries. Firstly, we implemented univariate analyses and the results of univariate analyses implied that the usage of pirated software and productivity are positively and significantly related in all of three models. Secondly, three control variables (i.e., education, investment, and openness) were employed in our three productivity models in order to check if the findings of univariate analyses remain valid and robust. After inclusion of the three control variables, the statistically significant positive association between the use of pirated software and productivity were observed in all models. Regarding to control variables, they take expected signs whenever they are statistically significant. Based on the estimated coefficients of PROD1 models, a 1% positive change in usage of pirated software leads to a rise in a growth in productivity by 0.1023% and 0.0623% in univariate and multivariate models, respectively while a 1% positive change in usage of pirated software leads to a rise in a growth in productivity by 0.1072% and 0.0684% in univariate and multivariate models of PROD2, respectively. Besides a 1% positive change in usage of pirated software induce to an increase in productivity level by 0.0881 and by 0.0601, respectively in PROD3 models. Secondly, three control variables, namely education, investment, and openness, were included in our three productivity models to test if the finding of univariate analyses keeps its validity. EDUC, INVEST, and OPEN variables are taken the anticipated positive influences and they are statistically significant at least at the level of 5%. More specifically, in estimation results for PROD1 model, one percent increase in EDUC, INVEST, and OPEN variables cause to a jump in productivity by 0.2309%, 0.1198%, and 0.7359%, respectively. Openness of an economy has the most explanatory power among all independent variables. In addition to PROD1 model, in estimation results for PROD2 model, one percent increase in EDUC, INVEST, and OPEN variables cause to a jump in productivity by 0.2482%, 0.0893%, and 0.7211%, respectively. Besides a 1% positive change in EDUC, INVEST, and OPEN variables induce to an increase in productivity level by 0.3345%, 0.0341%, and 0.2238%, respectively in PROD3 models. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Research in Economics, Politics & Finance / Ekonomi, Politika & Finans Arastirmalari Dergisi is the property of Journal of Research in Economics, Politics & Finance and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Ekonomik Yaklaşim is the property of Ekonomik Yaklasim Dernegi (Ekonomik Yaklasim Association) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

In order to improve current account deficit, exchange rate policy has been frequently used by policymakers. Therefore, the effect of exchange rate on exports has been well-studied in literature. This paper aims to estimate real exchange rate elasticities of export outcomes (unit value, quantity, and value) using six-digit HS product level data for Turkey and selected countries. Our results show that price elasticity of exports is low, but quantity elasticity is high in most selected countries. This indicates that the exchange rate is affected by export amount. On the other hand, these results vary among different sub-sectors and destination country groups. These findings imply that exchange rate policy should be cautiously designed to avoid unexpected consequences. [ABSTRACT FROM AUTHOR]

Copyright of International Journal of Global Tourism Research / Uluslararası Global turizm Araştırmaları Dergisi is the property of International Journal of Global Tourism Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study analyzes the effects of the macroeconomic indicators on the lending interest rates in the leading emerging countries by considering the significance of the interest rates for economic growth since high-level interest rates decrease economic growth and volatile interest rates deteriorate economic stability. In this context, the lending interest rate is considered as the dependent variable; foreign exchange (FX) rates, gross domestic product (GDP), and inflation are included as the independent variables that are the main macroeconomic indicators; annual data from 1990 to 2019 are used, and the panel data analysis is applied. The empirical analysis results reveal that (i) FX rates, GDP, and inflation have a significant effect on the lending interest rates at the panel level; (ii) the significance of these macroeconomic indicators vary at the country level; (iii) GDP is the most influential factor on the lending interest rates at both panel and the country level. The analysis results underline the effects of macroeconomic factors on the lending interest rates. Therefore, countries should apply appropriate policies to lessen the adverse effects of the macroeconomic indicators on the interest rates so that economic growth can be supported by low-level lending interest rates. Hence, emerging countries can benefit from low-level lending interest rates.

Copyright of Accounting & Auditing Perspective Magazine / Muhasebe ve Denetime Bakış is the property of Union of Chambers of Certified Public Accountants of Turkey (TURMOB) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Traffic & Transportation Research / Trafik ve Ulaşım Araştırmaları Dergisi is the property of Journal of Traffic & Transportation Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Logistics performance indicators are important in determining the market development levels of countries. Especially the logistics markets of developing countries play an active role in increasing the country's economy and trade volumes. In this research, it is aimed to cluster the developing countries according to their level of logistics market development in 2022. For this reason, fuzzy clustering and discriminant analyzes have been applied in the research. The sample area of the study consists of 50 developing countries. The data of the research have been taken from "The Agility Emerging Markets Logistics Index" reports. The research has been carried out in two phases. In the first phase, developing countries are classified by fuzzy cluster analysis. According to the analysis findings, 2 clusters have been obtained as high and low logistics market development cluster. In the second phase, discriminant analysis has been conducted to test the cluster membership of clustered countries. According to the discriminant analysis findings, all cluster memberships have been confirmed. As a result of the research, the cluster membership status of the developing countries and cluster centers according to the variables have been determined and the obtained implications have been presented. [ABSTRACT FROM AUTHOR]

Copyright of Boğaziçi Journal: Review of Social, Economic & Administrative Studies is the property of Bogazici University, Faculty of Economics & Administrative Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Research in Economics is the property of Journal of Research in Economics and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Omer Halisdemir Universitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi is the property of Omer Halisdemir University, Faculty of Economics & Admistrative Sciene and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study analyzes cash-cash flow sensitivity by comparing financially constrained and unconstrained firms in eight markets. 486 manufacturing firms are examined between 2005 and 2018 using the Generalized Method of Moments. These firms are categorized based on size, age, and Size-Age, Sales-Age, and Kaplan and Zingales indices. We find that both constrained and unconstrained firms evince positive cash-cash flow sensitivity. Although unconstrained firms obtain external financing easily, they prefer to first use internally generated funds in accordance with the pecking order theory. The results also reveal that cash-cash flow sensitivity cannot be used to test financial constraints in emerging markets. [ABSTRACT FROM AUTHOR]

Copyright of International Journal of Economic & Social Research is the property of Abant Izzet Baysal University, Faculty of Economics & Administrative Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study has aimed to open a discussion on the mutual interactions between creative industries and the higher education ecosystem. It should be noted that while creative industries are seen as the new welfare and employment source of countries within the dynamics of cognitive capitalism conditions, it poses an important question to the higher education ecosystem, exactly how intellectual capital is needed in the transformation of knowledge societies can be developed. Nevertheless, these industries' have not gained prominence in the higher education ecosystem, but for their economic functions, at least, in the case of Turkey's higher education. However, the fact that not having found a place with a holistic and consistent higher education ecosystem as the creative industries, at least in Turkey, apart from the economic functions. In this way, the study evaluates the reciprocal dialectics between creative cultural industries and the higher education ecosystem in accordance with the global experiences and noteworthy cases for the different countries. This study conducted questioning of the dialectic between the creative industries and higher education by performing a comparative education policy analysis for the first time in the literature developed a set of alternative governance proposals on the higher education ecosystem of Turkey. In this context, the present study has offered a number of alternative governance models for Turkey's creative industries education. Towards the dominant debates in the literature, this study led to a new discussion on a new set of values in the direction of the socially innovative university, instead of the entrepreneurial university model of the neo-liberal policy in the higher education ecosystem accompanied by the creative industries. [ABSTRACT FROM AUTHOR]

This study analyzes the effect of usage of pirated software on poverty by using six prominent poverty indicators for the samples of developing and Latin America countries. The data utilized in models is unbalanced and employ the period between 2003 and 2017. Our hypothesis asserts that increases in usage of pirated software diminish poverty in developing and Latin America countries. Firstly, univariate analyses are conducted, and the results of univariate analyses are demonstrated that there is a statistically significant opposite relationship between usage of pirated software and poverty in all six distinct poverty models. Secondly, three control variables (i.e., unemployment, health expenditure, and human capital) were included to our six poverty models to find out if the finding of univariate analyses retains its validity. The statistically significant reverse relationship between usage of pirated software and poverty remained the same after the inclusion of the three covariates. In other words, usage of pirated software maintains its negative significant effect on poverty in all models for both developing and Latin America countries samples. In consideration of the control variables, statistically significant negative coefficients were obtained for health expenditure and human capital whereas a positive coefficient was obtained for unemployment. [ABSTRACT FROM AUTHOR]

Delay in construction is the inability of a construction project to be completed on time. Although it is generally common it is not ineluctable. Delays in project can cause a significant loss while creating a negative impacts on the project. Thus, it is important to anticipate delays. In this study, common delay factors are defined in global context. After, studies examining the delays in the construction industry of developed and developing countries and regions in the American and Asian continents are reviewed and compared. Delay causes in the 14 regions examined in the study differ. According to the data obtained, the owner and the contractor play an active role in the delays in the construction industry of the majority of the countries and regions studied on both continents.

The main objective of the research is to study the relationship between governance and economic development in emerging economies. We used MSCI countries as a sample due to their increasing importance. Our research is based on the World Bank data for Worldwide Governance Indicators (WGI) of observed countries from 2002 to 2018. The Principal Component Analysis (PCA) and Generalized Method of Moments (GMM) were applied to identify the relationship between the GDP index as a dependent variable and the WGI as an independent variable and other control variables. The experimental results showed that there was no significant relationship between governance and economic development. On the basis of these findings, it is emphasized that the countries in the sample should give more importance to governance.

Considering its dire effects on different sectors, the coronavirus is far more than a health problem. The pandemic has hit the global economy starting with the developed world and now spreading into emerging economies. It is a fact that developing countries are more disadvantageous in this process since not only their health conditions and health services are not so sophisticated as their developed counterparts, but also macroeconomic conditions are not strong enough to endure such a long-lasting socio-economic crisis. Those countries are poorer and it is hard for them to allocate sources to the health sector. Comparing with emerging economies, the developed world also has been suffering from the severe effects of the pandemic. Because of long-lasting lock-down and contractions in the global economy, all developed economies revealed negative economic growth rates for the proceeding years. The purpose of this article is not only to compare the macroeconomic effects of the coronavirus disease 2019 (COVID-19) pandemic on developed and developing countries but also to assist economy authorities, health care leaders, and their organizations in anticipating and preempting problems by providing alternative health management policies rather than reacting. Macroeconomic variables data that are released by the World Bank and IMF will be applied to make the comparisons.

Aggressive global dissemination of the coronavirus indicated the urgency of the development of vaccines at an unprecedented rate and scale. The limited production and short supply of vaccines which were reserved mostly for the advanced economies were the greatest problems of 2021. For emerging economies, this timeline will stretch to late 2022 or early 2023. As a part of systematic immunization programs, the development, licensing, and implementation of the vaccines against the Covid-19 virus started to address health service inequalities among countries. While on one hand vaccination is regarded to be one of the most cost-effective interventions in public health during the pandemic, on the other hand, the introduction and sustainable supply of vaccines needed to be supported and ensured by decision-makers and governments. Due to the weak economic conditions of developing countries, they could not provide enough financial and health support to their citizens during this period. However, since the global GDP loss from not inoculating all countries is higher than the cost of manufacturing and distributing vaccines globally, there has been a growing demand to international cooperation to have global vaccination without omitting any countries. This paper focuses on the economic and social costs and benefits of vaccinations during the Covid-19 pandemic period in advanced, middle, and low-income countries. Accordingly, macroeconomic and social impacts of vaccination will be discussed and some policy suggestions will be put forth to get more benefits from the vaccination both for economic and health outcomes. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Finance Letters / Maliye Finans Yazıları Dergisi is the property of Maliye Finans Yazilari Yayimcilik Ltd. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Erciyes Akademi is the property of Erciyes Universitesi Sosyal Bilimler Dergisi and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Health indicators, which are in a very close relationship with the economy, are very important for the society. It is very important to determine the factors that have an impact on health indicators and their degree of influence. In this direction, the effect of political-economic indicators on basic health indicators is investigated in the study. 42 countries in the middle-upper income group are included in the study. The data type of the variables is annual and covers the 2000-2019 periods. Autocorrelation, multiple linear connection problem, variance problem and cross-section dependencies of all models are examined. The econometric findings of the models are obtained as a result of the robust correction tests. As a result of the study, it is that the income level, political stability, accountability level and public expenditures in a country, especially an index value, have significant effects on basic health indicators. The increase in economic variables has positive effect on health indicators. However, one unit of deterioration in income distribution is seen to cause further deterioration in health indicators. [ABSTRACT FROM AUTHOR]

The purpose of this study is to empirically investigate the relationships between CO2 emissions, energy consumption, economic growth, trade openness, and urbanization within the framework of the Environmental Kuznets Curve (EKC) hypothesis for 11 Islamic and 11 non-Islamic Emerging Economies in the period of 1990-2018. For this purpose, the long-term relationship between variables is investigated for both country groups using MG, AMG, and CCEMG estimators. The results show that the effect of energy consumption on CO2 is significantly positive in both country-specific and panel results. In non-Islamic emerging economies, there is a significantly positive relationship between urbanization and CO2 for most country-specific and panel results, whereas the effect of urbanization on CO2 is significantly negative for most country-specific and panel results in Islamic emerging economies. The effect of trade openness on CO2 is significantly negative in most Islamic and non-Islamic emerging economies. In panel results, the effect of trade openness on CO2 is significantly negative in non-Islamic emerging economies while it is insignificantly negative in Islamic emerging economies. The country-specific results within the framework of the EKC hypothesis show that the EKC hypothesis is valid for Malaysia and Kuwait in Islamic emerging economies as well as Argentina, China, and Thailand in non-Islamic emerging economies for all models. The panel results represent that the EKC hypothesis is not valid for Islamic emerging economies in all models while valid for non-Islamic emerging economies in MG and AMG models. [ABSTRACT FROM AUTHOR]

Copyright of Bingol University Journal of Economics & Administrative Science is the property of Bingol University Journal of Economics & Administrative Science and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Akademik Hassasiyetler is the property of Huzeyfe Suleyman Arslan and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Aksaray University Faculty of Economics & Administrative Sciences / Aksaray Üniversitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi is the property of Aksaray University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Financial Researches & Studies / Finansal Araştirmalar ve Çalişmalar Dergisi is the property of Marmara University, School of Banking & Insurance and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Financial Researches & Studies / Finansal Araştirmalar ve Çalişmalar Dergisi is the property of Marmara University, School of Banking & Insurance and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Itobiad: Journal of the Human & Social Science Researches / İnsan ve Toplum Bilimleri Araştırmaları Dergisi is the property of Itobiad: Journal of the Human & Social Science Researches and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Ictimaiyat is the property of Ictimaiyat and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Emerging Economies & Policy is the property of JOEEP: Journal of Emerging Economies & Policy and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

In this study, the effect of outward foreign direct investment on domestic investments was investigated in developing countries. In this context, the study was analyzed with panel data analysis methods for the period 1993-2018. Stationarity of the series has been tested as a means of CADF (2007) panel unit root test. According to the panel unit root test result, the series are first-order stationary. The cointegration relationship among series was tested by Durbin-Hausman (2008) cointegration test and series has been observed to be cointegrated. Long and short run cointegration coefficients were estimated by Panel AMG (2009) method. According to the long term analysis results in developing countries, a 10% increase in outward foreign direct investment has increased the home country’s domestic investments by 1.5%. [ABSTRACT FROM AUTHOR]

The main aim of this paper is to analyze the theoretical and empirical dimensions of a relatively new phenomenon in economics literature, namely “Middle-Income Trap”, which was firstly discussed by Gill and Kharas (2007). In general, this phenomenon is related to middle-income economies which have several difficulties in exceeding a certain level of per capita income. In this regard, most of the studies focus on developing countries and theoretically scrutinize the key factors behind this vicious circle. Accordingly, these studies also offer policy implications associated with issues like productivity, quality of education and technological progress. On the empirical side, most of the studies draw more attention to Thailand, Mexico, Brazil and Malaysia as these countries desperately struggle to escape from this trap.

The aim of the study is to examine whether International Financial Reporting Standards (IFRS) have a moderating effect on the relationship between financial development and foreign investments, using data between 2010 and 2018 for 34 developing country economies. For this purpose, the data set was obtained from two sources. Macroeconomic data and foreign direct investments are obtained from World Bank development indicators, financial development data are obtained from International Monetary Fund balance of payments and financial development data sets. IFRS data was created by the authors of a dummy variable that is given a value of zero for economies that require and / or allow the use of IFRS, and a zero for economies that require the use of local accounting. The reason for the period until 2018 is that the financial development data are until 2018. Panel data analysis method was used in analyzing the data. The results of the analysis revealed that the financial development index consisting of the average of 9 sub-indices and the IFRS standards had a positive effect on foreign direct investments. On the other hand, when the sub-indices of financial development are examined, it is determined that there is a positive and significant relationship between 4 sub-indices; financial institution index, access to financial markets, financial institution productivity index and access to financial institutions and foreign direct investments. Likewise, except for the financial institution sub-index, in all other indices; Financial development, financial markets index, financial market depth index, financial market efficiency index, access to financial markets, financial institution depth index, financial institution efficiency index and access to financial institutions and IFRS standards have been found to have a positive effect on foreign direct investments. The moderator effect, which consists of the product of financial development and financial development sub-indices and URFS standards, was not found. In other words, it has been determined that IFRS standards do not have a moderator effect on the relationship between financial development and foreign direct investments. [ABSTRACT FROM AUTHOR]

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Copyright of Global Journal of Economics & Business Studies is the property of Gumushane University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)