Sürdürülebilir Kalkınma Amaçları
Yayınlar
- MakaleAçık Erişim2024Decoding Inflation: Role of Institutional Quality in Türkiye Using Advanced Econometric Techniques
Çiçen, Yildirim Beyazit
Persistent inflation remains a significant economic challenge in T & uuml;rkiye. The causes of high inflation have been examined through various factors, including supply and demand, as well as monetary and fiscal policies. However, few studies have included institutional factors in their analyses. The objective of this study is to determine whether institutional quality affects inflation in T & uuml;rkiye. A novel and robust econometric analysis method is employed in this study. Between 2005 and 2019, the inflation rate, the International Country Risk Guide's (ICRG) Political Risk Rating index, which measures the quality of institutional structure, and the changes in currency exchange rate basket variables in T & uuml;rkiye were examined using the Fourier KPSS stationarity test and the Fourier Shin cointegration test. The results of the analysis indicate that inflation rate is co-integrated with institutional quality. The deterioration of institutional quality in T & uuml;rkiye between 2005 and 2019 has been associated with an increase in inflation. While the implicit inflation targeting period in the inflation targeting regime implemented in T & uuml;rkiye after 2002 was relatively successful, the explicit inflation targeting period failed to reduce inflation. The primary reason for the inability to achieve the specified inflation targets during these periods is the deterioration in the quality of institutions. It is also important to note that central bank independence is not immune to political influence and is one of the most important factors affecting inflation targeting.
- MakaleAçık Erişim2023Relationship between Institutional Quality and Corruption: The Case of Turkey
Çiçen, Yildirim Beyazit
The relationship between the level of corruption and the quality of Turkey's institutional structure was investigated in this study. Using quarterly data between 1984-2015, RALS-ADF unit root and RALS-EG cointegration tests were used to determine if there is a relationship between these variables in Turkey. Corruption level is the dependent variable, institutional quality is the independent variable, and the total production index is the control variable. The first analysis included both the coalition and single-party periods. Also, a separate analysis was carried out for the coalition period 1984-2002. There was no correlation between corruption and institutional quality in either analysis.
- MakaleAçık Erişim2023How Does Being Trusted Affect Sharing? Findings from the Ultimatum Game
Çiçen, Yildirim Beyazit
According to economic models, individuals are rational, possess full knowledge, and strive to maximize their utility beyond their actual characteristics. Nevertheless, in the real world, people shape their behavior within a social structure and can display altruistic attitudes. This study investigates how trust facilitates sharing among individuals. To determine this, the Ultimatum Game was conducted with 412 participants. Three cases were determined, and the bidder was instructed to divide 10 thousand TL first in the typical game. Afterward, it was said that the other person was in need, and the bid was requested to be renewed. At the last stage, bids were received if there was any doubt about the needy. According to the typical game, people are more empathetic towards those in need and offer 6667 TL rather than 4264 TL. However, when a question of reliability is raised, 4658 TL is offered regardless of need. The findings show that the neoclassical economics concept of homo economicus, which seeks to maximize utility, is not valid in real life.
- Kitap BölümüYalnız künye2021Pandemic transaction cost and impact on the economy
Çiçen, Yildirim Beyazit