Browsing by Subject "Economic Growth"

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Macroeconomic impacts of derivative markets
(2006) Polat, Mehtap Beyza
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 and the level of investment. There are again controversial conclusions reached regarding this relationship; some argue that the level of uncertainty has a negative effect on investment, whereas some argue that the correlation between these two variables is positive. In this paper, the assertions of these two different lines of the literature will be linked under a single heading, the derivative markets. This paper will analyze the effect of the existence and growth rate of the derivative market volume on the standard of living of individuals under the framework first constructed by Mankiw, Romer and Weil (1992).
Open Access
Modeling the economic effects of banking sector regulation and supervision
(2007) Şenel, Gonca
In this thesis, the effect of bank regulation and supervision on economic growth is analyzed theoretically. By means of OLG model framework, optimization problems of three types of agents have been constructed: consumer’s utility maximization problem, producer’s and bank’s profit maximization problems. Two types of settings have been evaluated separately in order to figure out the monitoring decisions of the bank: homogenous producers and non-homogenous producers. Regulation and supervision level of the banking sector is represented by an index, which is denoted by α in the model and it affects the optimization behavior of each agent: it increases the amount of deposits transferred to banks by consumers; it enhances the amount of credit that is converted into capital, and it affects behaviors of the bank in terms of monitoring producers. Calibration analysis is performed and it is found that no monitoring is more preferable for the bank as compared to monitoring and variable cost monitoring is more preferable than fixed cost monitoring. In addition, comparative static analysis yield that higher bank regulation and supervision improves per capita output, wages and credit and reduces interest rates and producers with higher credit conversion capabilities have higher per capita output; they pay higher wages; they demand more credit and pay less interest rate.
Open Access
Productivity and openness in Turkish economy
(2000) Pasin, Umut
A growth accounting and an econometric exercise are used to provide insights into the evolution o f the Turkish economy over the period 1968-1997. The growth accounting results show that the contribution o f total factor productivity to GDP growth averaged about 20 percent over the period, and this contribution reached its maximum level in the trade liberalization period. My results suggest that trade liberalization has better effects on total factor productivity growth. As a result o f nonparametric analysis I found a positive relation between openness and productivity growth.