Browsing by Author "Yilmazer, M"

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    Economic Freedom and Growth: A Panel Cointegration Approach
    Acikgoz, B; Amoah, A; Yilmazer, M
    This study uses three-country group panel data from 1993 to 2011 in examining the long-run effect of tax burdens (fiscal freedom index) and government regulations of business (business freedom index) on economic growth. The outcome of the panel cointegration approach suggests that the variables have a long-run relationship with economic growth. The study finds all the signs of the variables used to be consistent with theoretical expectations. Regarding the variables of interest, it is also found that the fiscal freedom has a positive and significant effect on economic growth for all three-country groups. In addition, the business freedom has a positive and significant effect for only two-country groups. The study finds that tax burdens and government regulations play an important role on economic growth for most countries in the sample. To harness economic growth prospects, the study offers recommendations for policy makers to consider.
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    Nexus between energy consumption and economic growth: the comparison of non-renewable natural resource poor and rich countries
    Acikgoz, B; Yilmazer, M; Çinar, S
    The aim of this study is to determine the effects of renewable and non-renewable energy resources on economic growth in non-renewable natural resource poor and rich countries. For this purpose, a Cobb-Douglas production function is used by adding the energy source as an element of production from 1990 to 2012. In the models, the cointegration between resources and economic growth is tested by a panel cointegration technique. For long-term coefficient estimation, the panel autoregressive distributed lag (ARDL) test that is based on Pesaran et al. (1999) is used. According to the results of the pooled mean group (PMG), long-term and short-term results are consistent. Renewable resources have a relatively higher positive effect on economic growth in non-renewable natural resource rich countries. Moreover, these positive effects are higher in lower and upper middle-income countries (LMIC and UMIC) than in high-income countries (HIC). Our findings suggest LMIC and UMIC countries - especially in the group of non-renewable natural resource rich countries - value and consider the use of renewable energy resources for energy production decisions in their economic growth policies.