Mar
5
This thesis analyzes the concepts and theories related to the cost – benefit analysis. The definition of cost – benefit analysis, its historical perspective and economic concepts of cost – benefit analysis is introduced. The applications of cost – benefit analysis to transportation projects and the literature related to this concept is also reviewed. An [...]
Mar
5
This thesis investigates the behaviour and characteristics of Turkish stock markets with a special focus on listed bank equities. The analysis is based on the fitting of GARCH model to financial return series for four different time period. The estimation of the parameters in the model is examined with two distributional assumptions for the innovations; [...]
Mar
5
This thesis examines the determinants of multinational companies (MNCs)’
location choices estimating conditional or nested logit model using a dataset of more
than 17,000 firms invested in 38 developing countries over the period 1980-2004. In
addition, this dataset has an exceptional feature-it allows identifying the sectors that
these firms invest in. The sectoral analysis is undertaken both at 2-digit [...]
Mar
5
There has been much debate over the effect of financial development on
economic growth and well-being. A conclusion has not been reached yet; some of
the works assert that the level of financial development leads to sounder
macroeconomic conditions, whereas some others hold opposing views. Another line
of literature concentrates on the relation between the level of existing uncertainty [...]
Mar
5
In his seminal book on welfare regimes in 18 industrial democracies, Esping-
Andersen (1990) constructed today’s best known typology of welfare states. He
developed a threefold classification of welfare regimes, namely, the “liberal”, the
“social democratic” and the “corporatist”, based on the data of 1980 on pension,
unemployment and sickness benefits. This thesis replicates, extends and tests the
methodological validity [...]
Mar
5
Low levels of per capita income, variable incomes, and high unemployment
rates are some of the main economic problems that households living in de-
veloping countries face. When health expenditures, debt repayments, and
educational costs are added, households face great diï¬culties in smoothing
consumption. Although full insurance is not observed, many studies show
that households in rural areas are able [...]
Mar
5
Turkey, as the largest emerging market in Europe, is an area of highly increasing
mobility and motorization. Motor vehicle industry in Turkey, which is a facilitator of other
sectors in the economy as well, comes as second leading exporting sector after textiles and is
quite competitive in global markets. The EU, with a major share in both exports [...]
Mar
5
This thesis analyses empirically the role of bank lending in monetary policy transmission on the
basis of Turkish bank level data. First, the research addresses the theoretical framework of the
bank lending channel, examines necessary conditions for its existence, and presents a simplified,
but still explanatory theoretical model in the spirit of Kashyap and Stein’s work empowered by
Peek [...]
Mar
5
In this thesis, we use two stage optimal control techniques to analyze optimal
timing of technology adoption under embodied technical change taking into ac-
count the endogenous nature of depreciation. We show that a more eï¬cient
maintenance service reducing the depreciation rate postpones the optimal timing
of technology adoption. In this respect, we study to what extent can maintenance
of [...]
Mar
5
This thesis studies manipulations of equilibria by candidates in two-alternative
elections along with their effects on voter turnout, winner of the election and social
welfare where voters have common values, and both voting and manipulating are costly.
We show that manipulation is not desirable for the society, and the candidates’ incentives
for manipulating can be mitigated by appropriately sequencing [...]
