Browsing by Subject "inflation"

Now showing 1 - 4 of 4

Open Access
Designing a decision support system for debt payment planning under inflation
(1994) Özkan, Mehmet
Computer technology has been developed very rapidly in recent years and now computers are even replacing human in some areas. Use of judgment, however, is still very important in many other fields. Financial management is one of the areas that need managerial judgment and intuition while making decisions. In this study, we propose a methodology for designing a system to assist the decision maker (DM) in using his judgment to make effective decisions. The system also has to facilitate and enhance learning since judgment is excelled by experience. We specificly analyze decisions regarding the Debt Payment Planning (DPP) problem. This problem, which may be briefly stated as ‘development of an operational plan for the liquidation of debts’, is a new problem and does not exist in the literature. The analyses are conducted keeping in mind that the uncertainty of the financial environment and burden of inflation increase the complexity of the decisions. A model which we call, ‘Growth Model of Debt’ will be used in the analyses and a sample session will be shown to provide a clear understanding of the system operation.
Open Access
Fiscal decentralization and its effects on macroeconomic performance
(2003) Yalım, Derya
Decentralization has become an important policy issue in recent years. International organizations allocate more space for fiscal decentralization in their agenda. In the literature, there are vast amount of studies that concentrate on the advantages or disadvantages of fiscal decentralization. The literature suggested that with a good policy design of the fiscal decentralization, especially developing countries might achieve desired outcomes. In contrast, poorly designed fiscal decentralization may lead to a variety of undesirable outcomes, such as macroeconomic imbalances, low growth and corruption. In this study, using a panel data of up to fifty-nine countries and year’s range 1972 to 2000, we empirically investigate whether there is any evidence for the effect of fiscal decentralization on inflation, budget deficits and growth. The general conclusion of our empirical work is that developing countries may reduce inflation with enhancement of fiscal decentralization, provided that the size of government expenditures is not large. But our results are not robust for budget deficit and growth. Besides, the association of fiscal decentralization and macroeconomic performance indicators is not statistically significant in developed countries.
Open Access
Main factors of unemployment in Turkey
(1993) Tekin, Gökhan
This study attempts to assess the main factors which are affecting unemployment behavior in Turkey. The candid variables are chosen in such a way that some relations have been enunciated for I’uikey and for some other countries. This research is trying to analyze the unemployment behaviour mainly in two time periods: The first scope is the period 1980-1990. The 1980s are characterized for its own features as a new era in Turkey. The relations for this period are .searched for ten variables: Unemployment ( with one lag), energy supply, credits, money supply, capital investments, investments realized by receiving subsidies from the government, inflation. Gross National Product, real wages and total labor force. Among these ten variables, stepwise variable selection method identified the statistically significant variables and by these variables a GLS model is formed in explaining the unemployment level. The second scope was the period 1970-1992 and the variables are labor productivity, import-export wedge, real wages and inflation which are used in explaining unemployment rate and level. It was found finally that capital investments influence the unemployment level on the one side (for the first period), labor productivity, import-export wedge, real wages and inflation affect unemployment level on the other side (for the .second period) and the labor productivity and import-export wedge affect also (for the second period) unemployment rate.
Open Access
The relationship between defense spending and inflation : an emprical analysis for Turkey
(2004) Günana, Tayfun
This study estimates the relationship between defense expenditures and inflation in Turkey over the period of 1950-2001 by employing a Johansen Cointegration analysis and Granger Causality test. The different views that appear in the literature on this relationship are identified and it is concluded that there is no agreement as to the exact nature of the relationship between defense spending and inflation. The results of this study indicate that defense expenditures and inflation have a significant effect on each other both in the long and in the short run. In other words, there is Granger feedback (X↔Y) between defense spending and inflation for Turkey.