Sürdürülebilir Kalkınma Amaçları
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- MakaleYalnız künye2025Economic vulnerability amidst contagion: analyzing unemployment via Covid-19-induced transaction costs
Cicen, Yildirim Beyazit
This study delves into the pandemic's influence on unemployment rates, employing the concept of transaction costs. Given the virus's infectious nature, each transaction carries the risk of infection. In this study, Covid-19-induced transaction costs were utilized to gauge the pandemic's impact on unemployment rates. Seven developed countries and seven developing countries were separately scrutinized for this purpose. According to the outcomes of Yilanci and Gorus' (2020) panel causality test, Covid-19-induced transaction costs did not influence unemployment rates in developed countries. However, they significantly impacted unemployment rates in developing countries. These findings underscore the resource gap between developed and developing nations in tackling pandemic-related challenges. Policymakers should consider these economic disparities when devising strategies to alleviate the pandemic's effects.
- MakaleYalnız künye2024GAME THEORETICAL ANALYSIS OF THE FOOTBALL: INFERENCE FROM ENGLISH PREMIER LEAGUE
Cicen, Yildirim Beyazit
Football is a prevalent sport in the world. In this study, game-theoretical analysis is used to in the English Premier League and their results. In matches between equal teams, the Nash equilibrium is a draw, whereas in matches between strong and weak teams, the Nash equilibrium is the strong team's defeat. The average of winning the match and the average of goals scored were not high enough, indicating that the teams did not take the field to win. As a result, it's created a goal-oriented proposal in the study's final section. In this proposal, matches will be limited to 60 minutes. game, ending in that minute.
- MakaleAçık Erişim2023The Nexus between Institutional Quality and Inflation in Emerging Markets: A Panel Causality Test with a Fourier Function
Cicen, Yildirim Beyazit
It is important to note that institutional quality has a substantial impact on a country's long-term economic growth, which influences other economic indicators, such as inflation and monetary policy. An indepth examination of the existence of this crucial relationship was conducted by applying a novel and robust panel Yilanci-Gorus Fourier causality test between 2000 and 2019 to 24 developing countries, in order to detect this relationship. A recent inflation rate, the standard deviation of inflation, and sound money are all interconnected and mutually causally related to property rights and the quality of the legal system. Weakness in institutions can exacerbate financial shocks, thereby affecting monetary indicators, and monetary policies will deteriorate the quality of the institution as a result.
- MakaleYalnız künye2023Institutional Quality and Unemployment in OECD Nations: A Panel Causality Test Using a Fourier Function
Cicen, Yildirim Beyazit
A significant impact of institutional quality on sustainable growth has been revealed in recent studies. This study aims to examine the relationship between different institutions and their unemployment rates, considering the legal system and property rights index. A novel and robust panel Fourier causality test was conducted to investigate 38 OECD nations for the relationship between their institutional quality and unemployment rates between the years 2000 and 2018. Regardless of stationarity, the adopted method allowed for the endogenous identification of structures, locations, and forms, and the evaluation of causal relationships. In addition, the Fourier method and the trigonometric terms were used for analyzing the structural changes. According to the findings, a unidirectional causal relationship existed between the quality of the legal system and property rights and the unemployment rates in the investigated nations during the relevant period. In addition, bidirectional causality existed between the variables in Germany and the United States. It is therefore recommended to necessarily improve a nation’s institutional structure to reduce its unemployment rate. Low unemployment rates would be achieved by improving institutional quality, particularly in developing nations. Therefore, policymakers must focus on formulating policies to reduce unemployment in the long run, considering the legal system and property rights of the nation.
- Kitap BölümüYalnız künye2021Is brexit a transaction cost problem?
Cicen, Yildirim Beyazit
This study analyzes the Brexit transaction cost concept. After the introduction, the transaction cost economics is explained in the first section. This section explains transaction cost progress with the contribution of Coase and Williamson. In the same section, the importance of transaction costs is also explained. This explains from which channels the transaction costs affect the economy. Williamson's Transaction Cost Economy is another subtitle in the same section. The relationship between governance and transaction costs is explained in section two. The third section explains the definition of political transaction costs, their importance and economic impacts. Brexit and political transaction costs are discussed in the last section. With Brexit, Britain is moving toward a new governance structure. The political transaction costs are expected to rise due to Britain's necessity to re-contract with the EU and other countries after Brexit. This rise in costs would impact the growth of Britain and the efficiency of the Brexit preference.