Oil price and industrial production in G7 countries: Evidence from the asymmetric and non-asymmetric causality tests

Yildirim, Ertugrul | Ozturk, Zafer

Konferans nesnesi | 2014 | 3RD CYPRUS INTERNATIONAL CONFERENCE ON EDUCATIONAL RESEARCH (CY-ICER 2014)143 , pp.1020 - 1024

After the oil shock of 1973, studies on causal nexus between oil price and economic growth have increasingly appeared in the literature. Unlike extant literature, this study deals with two problems related to causality estimation. The first one is which oil price should be used in empirical analyses as the price of oil differs among different oil products. Instead of crude oil price, oil basket price calculated by OPEC was used in this paper since it does not exclude the price of other oil types. Second problem is that positive and negative shocks in the independent variables may asymmetrically affect dependent variable. Distinguish . . .ing positive and negative shocks may lead to different findings. Moreover asymmetric causality test may lead to inference about the sign of the causal nexus. In this study asymmetric causal links were taken into account using the novel asymmetric causality approach developed by Hatemi-J (2012). Furthermore non-normality of the error term and time varying volatility may lead to biased estimation results. So a bootstrap simulation approach developed by Hacker and Hatemi-J (2006) was used to generate critical values that are robust to non-normality and time-varying volatility. In addition, classical non-asymmetric causality test was applied with the aim of comparison. The monthly data set covers the period of 2003:1-2013:1. (C) 2014 Elsevier Ltd. This is an open access article under the CC BY-NC-ND license ( Daha fazlası Daha az

Views of female preschool pre-service teachers about male teaching colleagues

Sak, Ramazan | Sahin, Ikbal Tuba | Sahin, Betul Kubra

Konferans nesnesi | 2012 | CYPRUS INTERNATIONAL CONFERENCE ON EDUCATIONAL RESEARCH (CY-ICER-2012)47 , pp.586 - 593

In Turkey in the preschool sector there are fewer male teachers than female teachers. The views of female colleagues are one factor that affects the entry of males to this sector. This study investigated female preschool pre-service teachers' views about male teachers. The data was collected through semi-structured interviews and content analysis was used to reveal the concepts and relations that explain the data. According to the findings, three main themes were determined: the presence of male preschool teachers in the profession, factors affecting male teachers' choice of occupation and ways of decreasing society's bias concernin . . .g male preschool teachers. (C) 2012 Published by Elsevier Ltd Daha fazlası Daha az

The causal effect of shifting oil to natural gas consumption on current account balance and economic growth in 11 OECD countries: evidence from bootstrap-corrected panel causality test

Kesikoglu, Ferdi | Yildirtm, Ertugrul

Konferans nesnesi | 2014 | 3RD CYPRUS INTERNATIONAL CONFERENCE ON EDUCATIONAL RESEARCH (CY-ICER 2014)143 , pp.1064 - 1069

Since energy is unavoidable source in production process, the rapid increase in oil price leads to several economic problems such as security of energy supply, rising foreign-dependency, increase in energy bills, current account deficit and a decrease in economic growth. Therefore countries aspire to energy diversification in energy consumption since the oil shock of 1973. In this context use of natural gas instead of oil is a policy tool. So this study examines the causal relations among the rate of natural gas consumption to oil consumption, economic growth and current account balance for 11 OECD countries (Australia, Finland, Fra . . .nce, Germany, Greece, South Korea, Mexico, Netherland, Switzerland, United Kingdom and United States. and the period of 1980-2012. The panel data causality test developed by Konya (2006) was used since it is good enough to account for both cross-sectional dependency and heterogeneity among the countries in the sample. Furthermore the method estimated country specific critical values using bootstrap simulation. According to achieving findings, there is unidirectional causal relation from the ratio of natural gas/oil consumption to current account balance for Switzerland. A one way causal nexus was found from the ratio of natural gas/oil consumption to economic growth in the case of South Korea and Netherland. There is unidirectional causal relation from economic growth to the ratio of natural gas/oil consumption in the pattern of Switzerland. Lastly no causal nexus found from current account balance to the ratio of natural gas/oil consumption. (C) 2014 Elsevier Ltd. This is an open access article under the CC BY-NC-ND license ( Daha fazlası Daha az

The impact of agricultural commodity price increases on agricultural employment in Turkey

Bayramoglu, Arzu Tay

Konferans nesnesi | 2014 | 3RD CYPRUS INTERNATIONAL CONFERENCE ON EDUCATIONAL RESEARCH (CY-ICER 2014)143 , pp.1058 - 1063

Agricultural commodity prices experienced higher increases beginning in the second half of the 2000s. The rises were fueled by numerous factors, high energy prices, weak dollar, investment fund activity, the combination of adverse weather conditions, the diversion of some food commodities to the production of biofuels, and government policies such as, including export bans and prohibitive taxes brought global stocks of many food commodities down to low levels. Extreme price spike and volatility in agricultural commodity prices creates negative effects on macroeconomic instability, posing a threat to food security in many countries. . . .In Turkey, agricultural employment rate, which has been decreasing since the mid-90s, unexpectedly rose between 2006-2009, and it is continuing to increase. In this context this paper analyzes that is there any relation between agricultural employment, and international agricultural commodity price increases in Turkey by using VAR method. Results show that there is a relationship between agricultural commodity prices and agricultural employment. Also we have empirical evidence about the relation between agricultural and non-agricultural employment. It is indicated that agricultural employment effects on non-agricultural employment but the opposite effect is not valid. 2014 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license ( Daha fazlası Daha az

Learning international trade by game in maritime business schools

Akcetin, Eyup | Akcetin, Nurhayat Caliskan

Konferans nesnesi | 2012 | WORLD CONFERENCE ON BUSINESS, ECONOMICS AND MANAGEMENT (BEM-2012)62 , pp.514 - 520

Business trade is a very complex process and maritime students should acknowledge this complexity and understand various different components of the process and the interactions among them. Considering this complexity, teaching college students about the international trade can be a demanding and expansive process within the traditional learning context. Developments in instructional strategies helped educators to enhance learning environments with games and simulations providing students with enduring and in-depth learning experiences. The learning experiences included realistic trade scenario allowing students to simulate the proc . . .ess and explore possible results of their actions during the game. The conversations used during the game were derived from real business environment helping students to realize how their classroom learning was connected to actual international trade environment during this activity. The purpose of this research was to observe the effects of business simulation game on maritime business students' understanding of international trade process. The study design was a single group experimental and participants were consisted of 59 undergraduate maritime business school students studying in two Turkish universities. The data was collected through a Business Trade Simulation scale designed for this study. The results of the study illustrated that international trade game enhanced participants' knowledge and skills about international trade and students' motivation toward the game as well. (C) 2012 Published by Elsevier Ltd. Selection and/or peer review under responsibility of Prof. Dr. Huseyin Arasl Daha fazlası Daha az

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