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2015 - 201912020 - 20261
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Erişim Hakkı: info:eu-repo/semantics/closedAccess × Konu: Inflation ×

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  • Küçük Resim
    Yayın
    An empirical examination of the generalized Fisher effect using cross-sectional correlation robust tests for panel cointegration
    (Elsevier Science BV, 2015-03) Omay, Tolga; Yüksel, Aslı; Yüksel, Sadettin Aydın
    This study examines the generalized Fisher hypothesis as applied to common stocks by using the recently proposed second generation panel cointegration tests. Unlike their predecessors, these new tests assume the existence of cross-section dependence in the data. For the sample analyzed, we report that these new tests, but not their predecessors, provide strong support for the existence of cointegration between stock and goods prices. Moreover, further analysis cannot reject the hypothesis that the cointegration relation is linear. Finally, our Fisher coefficient estimates are in the range between 0.68 and 1.27 and give support to the generalized Fisher hypothesis.
  • Küçük Resim Yok
    Yayın
    Economic dynamics of air pollution in Türkiye and Pakistan: an empirical assessment of the Environmental Kuznets Curve and pollution-led growth
    (IGI Global, 2026) Taşbaşı, Aslı; Akhtar, Maham
    Türkiye and Pakistan, despite differing levels of economic development, face similar macroeconomic challenges such as income inequality, inflation and debt. Both countries also experience environmental pressures from industrialization and rapid urbanization, with air pollution emerging as a critical concern affecting economic productivity and sustainable development. This study conducts a comparative analysis of air pollution in Türkiye and Pakistan from 1980 to 2023, using the Autoregressive Distributed Lag (ARDL) bounds testing approach to examine the short and long run relationships between air pollution, urbanization, industrialization, energy consumption and macroeconomic policies. The analysis tests the Environmental Kuznets Curve (EKC) for Türkiye and the pollution-led growth hypothesis for Pakistan. Findings reject the EKC for Türkiye but confirm pollution-led growth in Pakistan, offering insights for effective environmental regulation and sustainable development strategies.