Template-Type: ReDIF-Article 1.0 Author-Name: Resul AYDEMİR Author-Email: resulaydemir@itu.edu.tr Author-Workplace-Name: Istanbul Technical University, Department of Economics Author-Name: Bülent GÜLOĞLU Author-Email: bulent.guloglu@gmail.com Author-Workplace-Name: Istanbul Technical University, Department of Economics Author-Name: Ercan SARIDOĞAN Author-Email: ercan.saridogan@istanbul.edu.tr Author-Workplace-Name: Istanbul University, Department of Econometrics Title: The Effects of the Volatility Changes in Exchange Rates and Interest Rates from Historical Shocks on the Non-Performing Loans in Turkish Economy Abstract: Historical shocks (Lehman Brothers bankruptcy (15 September 2008), the FED?s tapering decision (18 December 2013), the CBRT?s interest rate decision (28 January 2013)) had significant impact on global and domestic financial markets, especially nonperforming loans (NPLs). In this context, main aim of this study is to analyze how volatility changes in exchange rates and interest rates triggered by these historical shocks affect consumer and industrial nonperforming loans in Turkish economy by using quantile regression techniques. The results showed that shocks that cause volatility changes in foreign exchange rates and interest rates have important effects on NPLs in the Turkish banking industry. Journal: Eurasian Econometrics Statistics & Emprical Economics Journal Pages: 1-20 Volume: 8 Issue: 8 Year: 2017 Month: Feb DOI: 10.17740/eas.stat.2017-V8-01 File-URL: https://eurasianacademy.org/index.php/econstat/article/view/949 File-Format: Application/pdf Handle: RePEc:eas:econst:v:8:y:2017:i:8:p:1-20 Template-Type: ReDIF-Article 1.0 Author-Name: Ercan SARIDOĞAN Author-Email: ercan.saridogan@istanbul.edu.tr Author-Workplace-Name: Istanbul University, Istanbul, Turkey Title: CONVERGENCE ANALYSIS FOR ENERGY CONSUMPTION PER CAPITA AMONG HIGH-INCOME OECD COUNTRIES Abstract: In this study we explored the convergence analysis for energy consumption per capita among high income OECD countries for the period 1960-2015 with annual data by using the panel unit root test developed by Carrion-i- Silvestre et al (2005) and Carrion-i- Silvestre (2005). In the study, we find evidence for the convergence of energy consumption per capita among high-income OECD countries in both individual country level and panel level. Journal: Eurasian Econometrics Statistics & Emprical Economics Journal Pages: 21-27 Volume: 8 Issue: 8 Year: 2017 Month: Feb DOI: 10.17740/eas.stat.2017-V8-02 File-URL: https://eurasianacademy.org/index.php/econstat/article/view/950 File-Format: Application/pdf Handle: RePEc:eas:econst:v:8:y:2017:i:8:p:21-27 Template-Type: ReDIF-Article 1.0 Author-Name: Abdurrahman KORKMAZ Author-Email: abdurrahman.korkmaz@ikc.edu.tr Author-Workplace-Name: İzmir Kâtip Çelebi Üniversitesi, 35620, İzmir, Türkiye Author-Name: Ferhat TOPBAŞ Author-Email: ftopbas@balikesir.edu.tr Author-Workplace-Name: Balıkesir Üniversitesi, 10700, Balıkesir, Türkiye Title: ON THE STABILITY OF THE DEMAND FOR MONEY IN TURKEY: EVIDENCES FROM THE PERIOD 2006-2017 Abstract: This paper aims at analysing whether there is a stable demand for money function for the Turkish economy throughout the period 2006-2017. The distinguished features of the paper over previously published ones related to the Turkish economy are as follows: Firstly, the definitions of the supply for money have been revised since the last month of 2005, and the paper focuses on the new era. Secondly, probably most importantly, some volatility measures, i.e. volatility of interest rate and volatility of exchange rate, are taken into considerations as well as conventional determinants of demand for money, such as real income, interest rate and exchange rate. Performing Bounds Testing methodology, it is determined that there is a stable demand for money function for the Turkish economy. The above-mentioned demand for money is a positive function of real income, exchange rate, and volatility in the exchange market, but negative function of the interest rate. Moreover, it is suggested that the narrow money, i.e. M1, should be considered as a control variable in practising the monetary policy in Turkey. Finally, the exchange market is a crucial importance of designing of monetary policy in Turkey as well. Journal: Eurasian Econometrics Statistics & Emprical Economics Journal Pages: 28-44 Volume: 8 Issue: 8 Year: 2017 Month: Feb DOI: 10.17740/eas.stat.2017-V8-03 File-URL: https://eurasianacademy.org/index.php/econstat/article/view/951 File-Format: Application/pdf Handle: RePEc:eas:econst:v:8:y:2017:i:8:p:28-44 Template-Type: ReDIF-Article 1.0 Author-Name: Alper BİLGİLİ Author-Email: bilgili@comu.edu.tr Author-Workplace-Name: Çanakkale Onsekiz Mart Üniversitesi, BİGA İİBF, Kamu Yönetimi Bölümü Title: YAŞAM KALİTESİ KAVRAMI: BURSA KENTİ ÜZERİNE BİR SAHA ARAŞTIRMASI Abstract: Today, cities, which are the most important living spaces of individuals, are places where many natural and cultural elements coexist together. Resolving urban problems in terms of urban sustainability and livability is of great importance in terms of healthy urban development process. The quality of life is "the level of existence of the city infrastructure, transportation facilities, housing structure, etc. in places that are defined by the city in terms of spatial, sociological and economic values is above the predetermined criteria". Apart from the creation of a sustainable city and a sustainable environment in the city, it seems that the quality of life contributes to the creation of the rights of the city's residents. In cities where the quality of life is low, people tend to migrate, which is accompanied by regional imbalances and socio-economic social problems. The aim of this study is to measure the knowledge, thoughts and behaviors related to the quality of life and life satisfaction of urban people in Bursa and to determine the relationship between the qualities related to urban living spaces and life satisfaction and urban area satisfaction. At the beginning of the study, after theoretically revealing the concept of quality of life, in the last part is the field research and the analysis of the data reached in the result. In field research, 680 questionnaires were applied to people living in 10 districts including the central districts in Bursa with face-to-face interview technique. Life satisfaction was measured in Bursa city, group differences about living areas were examined and statistics were made. Journal: Eurasian Econometrics Statistics & Emprical Economics Journal Pages: 45-64 Volume: 8 Issue: 8 Year: 2017 Month: Feb DOI: 10.17740/eas.stat.2017‐V8‐04 File-URL: https://eurasianacademy.org/index.php/econstat/article/view/952 File-Format: Application/pdf Handle: RePEc:eas:econst:v:8:y:2017:i:8:p:45-64 Template-Type: ReDIF-Article 1.0 Author-Name: Arzu Kökcen ERYAVUZ Author-Email: arzukokcen@gmail.com Author-Workplace-Name: Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Ekonometri Bölümü Title: WOMEN?S AGE AT FIRST MARRIAGE IN TURKEY: SURVIVAL ANALYSIS Abstract: Marriage is crucial and prior for demography which investigates groups formed by individuals and the changes occuring within groups and for family structure which is the main unit of community. Marriage is the first and foremost step in the formation of family, besides being important for the individual and also for the society. In recent studies, women?s age at first marriage is the most important observed and discussed factor. Marriage of two people on legal basis is necessary for the survival of communities, but recently early marriages have become a social problem for many societies in the World. In some societies, the decrease in marriage age constitutes significant sources of problems such as health and child mortality. For this reason, studies on marriage age, contributing factors and suggestions for policy making are important. The aim of the study is to reveal the demographical and socio-economical factors determining women?s mean age at first marriage. In the study, 2013 Turkey Demographic and Health Survey (TDHS) data collected by Hacettepe University Institute of Population Studies were used. Parents? level of education and women?s number of sibling are found to be significant factors in the study where accelerated failure time models were used to determine the age of women?s first marriage. Journal: Eurasian Econometrics Statistics & Emprical Economics Journal Pages: 65-84 Volume: 8 Issue: 8 Year: 2017 Month: Feb DOI: 10.17740/eas.stat.2017‐V8‐05 File-URL: https://eurasianacademy.org/index.php/econstat/article/view/953 File-Format: Application/pdf Handle: RePEc:eas:econst:v:8:y:2017:i:8:p:65-84 Template-Type: ReDIF-Article 1.0 Author-Name: Kutluk Kağan SÜMER Author-Email: kutluk@istanbul.edu.tr Author-Workplace-Name: İstanbul Üniversitesi Title: Monte Carlo Methods and Sümer?s New Jump Diffusion Processes and their Application in Gold Price Abstract: This study aimed to execute Monte Carlo simulation method with Wiener Process, Generalized Wiener Process, Mean Reversion Process and Mean Reversion Jump Diffusion Process and to compare them and then expended with the idea of how to include negative and positive news shocks in the gold market to the Monte Carlo simulation. By enhancing the determination of the 3 standard deviation shocks within the process of Classic Mean Jump Diffusion Process, an enchanted model for the 1,96 and 3 standard deviation shocks were being used and additionally positive and negative shocks were added to the system in a different way. This new Mean Reversion Jump Diffusion Process that have been developed by Sümer, executes Monte Carlo simulation regarding the gold market return with five random variables that are chosen from Poisson distribution and one random variable chosen from the normal distribution. Additionally, by accepting volatilities as outlies over the 1,96 and 3 standard deviations with the effect of the new and good news and the standard deviations on the traditional approximate return and the standard deviations (volatility) and the obtained new approximate return and the new standard deviation (volatility) and compares them with the Monte Carlo simulations Journal: Eurasian Econometrics Statistics & Emprical Economics Journal Pages: 85-99 Volume: 8 Issue: 8 Year: 2016 Month: Feb File-URL: https://eurasianacademy.org/index.php/econstat/article/view/954 File-Format: Application/pdf Handle: RePEc:eas:econst:v:8:y:2017:i:8:p:85-99 Template-Type: ReDIF-Article 1.0 Author-Name: Özlem GÖKTAŞ Author-Email: ozlemg@istanbul.edu.tr Author-Workplace-Name: İstanbul Üniversitesi, İktisat Fakültesi, Ekonometri Bölümü Title: VOLATILITY TRANSMISSION AMONG G-7 STOCK MARKETS AND GOLD MARKET Abstract: The aim of the study is to analyze volatility spillover and transmission among the Gold Market and G-7 Stock Markets. Towards to the purpose of the study, volatility spillover among the Gold Market and G-7 Stock Markets is investigated with Dynamic Correlation Multivariate Stochastic Volatility model. Data used for analyze are daily and volatility spillover among the price indices of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States and Gold price index were estimated for dual structures. There is no volatility transmission between the G-7 country Stock Markets and the Gold Market, except for the United Kingdom Stock Market. On the other hand volatility transmission between the United Kingdom Stock Market and Gold market was determined unidirectional from gold market to the United Kingdom stock market. Journal: Eurasian Econometrics Statistics & Emprical Economics Journal Pages: 100-114 Volume: 8 Issue: 8 Year: 2017 Month: Feb File-URL: https://eurasianacademy.org/index.php/econstat/article/view/955 File-Format: Application/pdf Handle: RePEc:eas:econst:v:8:y:2017:i:8:p:100-114