scholarly journals Wealthier is healthier? Healthier is wealthier? A comprehensive econometric analysis of the European countries

2021 ◽  
Vol 71 (3) ◽  
pp. 387-404
Author(s):  
Reyhan Cafri Açci ◽  
Pinar Kaya Samut
Keyword(s):  
Econometric Analysis ◽  
The Other ◽  
European Countries ◽  
Causality Test ◽  
Panel Causality ◽  
Research Results ◽  
Inclusive Wealth ◽  
Discriminant Analyses ◽  
Causality Relationship

Abstract Healthier people contribute more to the development of the economy. Besides, in a better economy, people have a better quality and healthier life. At this stage, one has to ask which one precedes the other: health or wealth? To find the answer, this study aims to investigate the causality relationship between health and inclusive wealth in the European countries for the period of 1990–2015. The causality between health and inclusive wealth scores, which are estimated by cluster and discriminant analyses, is investigated by the panel causality test. The research results indicate bidirectional causality between health and inclusive wealth. A one-way causality is detected in 11 cases as being from inclusive wealth to health and in 8 the other way. Furthermore, a two-way causality is found in 2 countries. Among the results, it is noteworthy that 91% of the countries with causality from inclusive wealth to health are among the healthy countries.

Conflict Risk and Defense Expenses and Their Impact on the Economic Growth

2021 ◽  
pp. 646-668
Author(s):  
Hasan Dinçer ◽  
Ümit Hacıoğlu ◽  
Serhat Yüksel
Keyword(s):  
Economic Growth ◽  
Emerging Countries ◽  
Annual Data ◽  
Negative Effects ◽  
Causality Test ◽  
Panel Causality ◽  
High Conflict ◽  
Emerging Country ◽  
Causality Relationship ◽  
Conflict Risk

The main purpose of this chapter is to identify the effects of conflict risk and defense expenses on economic growth. Within this scope, annual data of 17 emerging economies for the period between 1989 and 2014 were analyzed. In addition to this situation, Dumitrescu Hurlin panel causality test was taken into consideration in order to reach the objective. As a result of the analysis, it was determined that there is a causality relationship between conflict and defense expenses for these countries. This situation shows that emerging countries, which have high conflict risk, also increase defense expenses so as to minimize the negative effects of these conflicts. Additionally, it was also identified that economic growth is a significant reason of high defense expenses. In other words, it can be said that when the economy of an emerging country is developed, it gives more importance to defense expenses in order to take action for this conflict.

scholarly journals Tourism and Economic Growth in G10 Countries

Tourism ◽  
2021 ◽  
Vol 69 (1) ◽  
pp. 112-126
Author(s):  
Uğur Korkut Pata
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Annual Data ◽  
Negative Events ◽  
Economic Activities ◽  
Causality Test ◽  
Panel Causality ◽  
Tourism Sector ◽  
Causality Relationship ◽  
The Relationship

This study proposes an asymmetric panel causality test to analyze the relationship between tourist arrivals and economic growth. To this end, annual data over the period 1995–2017 are examined for the G10 countries. The findings demonstrate that the relationship between tourism and economic growth varies according to positive and negative shocks. In terms of positive shocks, tourism development causes economic growth. The study also finds a bidirectional causality relationship between the negative shocks of the variables. Therefore, positive developments in tourism contribute to economic growth, while negative events in tourism impede growth. In sum, tourism is strongly linked to economic activities in G10 countries, and thus policymakers should attach importance to the tourism sector in order to support sustainable development.

The Importance of Railroad Freight Transportation and Its Correlation to Economic Growth

2021 ◽  
Vol 11 (2) ◽  
pp. 1-13
Author(s):  
Volkan Köse ◽  
Dilek Temiz Dinç ◽  
Aytaç Gökmen
Keyword(s):  
Economic Growth ◽  
Econometric Model ◽  
Freight Transportation ◽  
Econometric Analysis ◽  
Causality Test ◽  
Long Run ◽  
Causality Tests ◽  
Short Run ◽  
Causality Relationship ◽  
Railroad Freight

In this study, the railroad freight transportation and economic growth relationship in Turkey was examined using the econometric analysis for the period of 1984-2017. As a result of the econometric analysis, it was found that there is no causal relationship between railroad freight transportation and economic growth in the long run, while there is a causality relationship from railroad freight transportation to economic growth in the short run. In addition to causality tests, an econometric model was created using stationary series, and the OLS method was applied for this model. According to this estimation result, an increase in railroad freight transportation increases economic growth. When this result obtained from the OLS estimation and the findings obtained from the Granger causality test are evaluated altogether, it can be stated that an increase in railroad freight transportation accelerates economic growth in the short run in Turkey.

Relationship Between Non-Performing Loans, Industry, and Economic Growth of the African Economies and Policy Recommendations for Global Growth

2018 ◽  
pp. 203-228 ◽  
Author(s):  
Hasan Dinçer ◽  
Serhat Yuksel ◽  
Zafer Adalı
Keyword(s):  
Economic Growth ◽  
Living Standards ◽  
Annual Data ◽  
Policy Recommendations ◽  
African Countries ◽  
Causality Test ◽  
Panel Causality ◽  
The People ◽  
Causality Relationship ◽  
Global Growth

The main purpose of this chapter is to evaluate the causality relationship between non-performing loans, industry volume, and economic growth and to provide some policy recommendations for global growth. Within this context, annual data of 16 African countries for the periods between 2001 and 2015 was taken into the consideration. Additionally, Dumitrescu Hurlin panel causality test was used to reach the objective. According to the result of this analysis, it was identified that there is a causality relationship between industry volume and economic growth. In addition to this situation, it was also defined that a decrease in economic growth is the main cause of the non-performing loans ratio in African countries. This chapter makes an important contribution to the literature. While considering these results, it can be said that to increase global trade economies of the countries should be improved and banking sectors should work more effectively. As a result, it will be possible to increase the living standards of the people and provide global growth.

scholarly journals Re-Visiting Fisher Effect for Fragile Five Economies

2018 ◽  
Vol 7 (2) ◽  
pp. 203-218 ◽  
Author(s):  
Tayfur Bayat ◽  
Selim Kayhan ◽  
İzzet Taşar
Keyword(s):  
Interest Rate ◽  
Inflation Rate ◽  
Causal Relation ◽  
Test Methods ◽  
The Other ◽  
Fisher Effect ◽  
Causality Test ◽  
Panel Causality ◽  
Effect Hypothesis ◽  
The Relationship

Abstract In this study, we aim to investigate the relationship between interest rate and inflation rate in the context of the Fisher effect hypothesis for Fragile five economies. In this regard, we employ recently developed panel co-integration and panel causality test methods. The bi-directional causal relation between interest rate and inflation rate exists only in Brazil and Indonesia. On the other hand, there is no causation linkage in India. Results imply that Fisher effect exists only in Brazil and Indonesia.

scholarly journals Modeling the Dynamic Linkage between Tourism Development, Technological Innovation, Urbanization and Environmental Quality: Provincial Data Analysis of China

2021 ◽  
Vol 18 (16) ◽  
pp. 8456
Author(s):  
Zhang Chenghu ◽  
Muhammad Arif ◽  
Khurram Shehzad ◽  
Mahmood Ahmad ◽  
Judit Oláh
Keyword(s):  
Technological Innovation ◽  
Environmental Degradation ◽  
Environmental Quality ◽  
Carbon Emissions ◽  
Tourism Development ◽  
The Other ◽  
Economic Methodology ◽  
Causality Test ◽  
Panel Causality ◽  
Long Run

This study investigates the linkage between tourism development, technological innovation, urbanization and environmental degradation across 30 provinces of China. Based on data from 2001 to 2018, the study used an advanced economic methodology for the long-run estimate, the Augmented Mean Group (AMG) estimator, which accounts for heterogeneity in slope parameters and dependencies across countries. The empirical results show that tourism development degrades environmental quality, while technological innovation mitigates carbon emissions. Further, findings show that urbanization increases carbon emissions, while an inverted U-shaped relationship exists between economic growth and environmental degradation, implying the existence of EKC in China. Further, the Dumitrescu–Hurlin panel causality test shows that any policy aimed at tourism development or technological innovation would substantially contribute to environmental degradation, but not the other way round.

Conflict Risk and Defense Expenses and Their Impact on the Economic Growth

2018 ◽  
pp. 1-23 ◽  
Author(s):  
Hasan Dinçer ◽  
Ümit Hacıoğlu ◽  
Serhat Yüksel
Keyword(s):  
Economic Growth ◽  
Emerging Countries ◽  
Annual Data ◽  
Negative Effects ◽  
Causality Test ◽  
Panel Causality ◽  
High Conflict ◽  
Emerging Country ◽  
Causality Relationship ◽  
Conflict Risk

The main purpose of this chapter is to identify the effects of conflict risk and defense expenses on economic growth. Within this scope, annual data of 17 emerging economies for the period between 1989 and 2014 were analyzed. In addition to this situation, Dumitrescu Hurlin panel causality test was taken into consideration in order to reach the objective. As a result of the analysis, it was determined that there is a causality relationship between conflict and defense expenses for these countries. This situation shows that emerging countries, which have high conflict risk, also increase defense expenses so as to minimize the negative effects of these conflicts. Additionally, it was also identified that economic growth is a significant reason of high defense expenses. In other words, it can be said that when the economy of an emerging country is developed, it gives more importance to defense expenses in order to take action for this conflict.

The Structure of Wiggins' Interpersonal Circumplex: Cross-Cultural Studies

1999 ◽  
Vol 15 (3) ◽  
pp. 196-205 ◽  
Author(s):  
Rosario Martínez-Arias ◽  
Fernando Silva ◽  
Ma Teresa Díaz-Hidalgo ◽  
Generós Ortet ◽  
Micaela Moro
Keyword(s):  
Cultural Studies ◽  
Cross Cultural ◽  
The Other ◽  
Spanish Version ◽  
Interpersonal Circumplex ◽  
Research Groups ◽  
Independent Research ◽  
Research Results ◽  
Cross Cultural Studies

Summary: This paper presents the results obtained in Spain with The Interpersonal Adjective Scales of J.S. Wiggins (1995) concerning the variables' structure. There are two Spanish versions of IAS, developed by two independent research groups who were not aware of each other's work. One of these versions was published as an assessment test in 1996. Results from the other group have remained unpublished to date. The set of results presented here compares three sources of data: the original American manual (from Wiggins and collaborators), the Spanish manual (already published), and the new IAS (our own research). Results can be considered satisfactory since, broadly speaking, the inner structure of the original instrument is well replicated in the Spanish version.

Comparative Analysis of Ahmet Hamdi Tanpinar’s Travels to European Countries

2017 ◽  
Vol 5 (1) ◽  
pp. 78
Author(s):  
Aysel KAMAL ◽  
Sinem ATIS
Keyword(s):  
Social History ◽  
Young Lady ◽  
The Other ◽  
European Countries ◽  
Cultural Relations ◽  
The West ◽  
Literary Works ◽  
European Culture ◽  
Turkish Literature ◽  
Art And Architecture

Ahmet Hamdi Tanpinar (1901-1962) is one of the most controversial authors in the 20th century Turkish literature. Literature critics find it difficult to place him in a school of literature and thought. There are many reasons that they have caused Tanpinar to give the impression of ambiguity in his thoughts through his literary works. One of them is that he is always open to (even admires) the "other" thought to a certain age, and he considers synthesis thinking at later ages. Tanpinar states in the letter that he wrote to a young lady from Antalya that he composed the foundations of his first period aesthetics due to the contributions from western (French) writers. The influence of the western writers on him has also inspired his interest in the materialist culture of the West. In 1953 and 1959 he organized two tours to Europe in order to see places where Western thought and culture were produced. He shared his impressions that he gained in European countries in his literary works. In the literary works of Tanpinar, Europe comes out as an aesthetic object. The most dominant facts of this aesthetic are music, painting, etc. In this work, in the writings of Tanpinar about the countries that he travelled in Europe, some factors were detected like European culture, lifestyle, socio-cultural relations, art and architecture, political and social history and so on. And the effects of European countries were compared with Tanpinar’s thought and aesthetics. Keywords: Ahmet Hamdi Tanpinar, Europe, poetry, music, painting, culture, life

ANALISIS VARIABEL YANG BERPENGARUH TERHADAP KINERJA PERUSAHAAN DI BURSA EFEK INDONESIA

2019 ◽  
Author(s):  
SUSENO - SUSENO
Keyword(s):  
Linear Regression ◽  
Multiple Linear Regression ◽  
Stock Exchange ◽  
T Test ◽  
The Other ◽  
Financial Leverage ◽  
F Test ◽  
Research Results ◽  
Independent Variables ◽  
Influential Variable

ANALISIS VARIABEL YANG BERPENGARUH TERHADAP KINERJA PERUSAHAAN DI BURSA EFEK INDONESIAOleh : Suseno STIE SATRIA Purwokerto ABSTRACT The aims of the research are (1) to analyze influence of age, scale, financial leverage, and profitability to performance of firms at The Indonesian Stock Exchange. (2) to determine the most influential variable on the performance of the firms. Hypotheses proposed in this research were: (1) Age, Scales, Financial Leverage, Profitability influences the performance of firms, (2) Age influences the performance of firms, (3) Scales influences the performance of firms, (4) Financial Leverage influences the performance of firms, (5) Profitability influences the performance of firms. Instrument of analysis employed in the research was multiple linear regression with t test and F test.The results of analyses of t test showed that profitability did not influence the performance of the firms. It was indicated by the value of computed t which was smaller than the value of t table. Meanwhile, the t test of age, scale and financial leverage indicated that the value of computed t > t table. It means that these variables (scale and financial leverage) influenced the performance of the firms. The F test showed that the independent variables of age, scale, financial leverage and profitability as a whole significantly influenced the performance of the firms. It was indicated by the calculated F > the value of F table, the value the age computed t which was smaller than the value of -t table..Based on the research results that age and profitability do not influence the performance of the firms, it is suggested that investors should not pay any attention to those variables. On the other hand, they should pay attention to the variables of scale and financial leverage. It is recommended that for further research should include longer periode of the sample.

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