Ekonomi Bölümü Koleksiyonu
Permanent URI for this collectionhttps://hdl.handle.net/20.500.11779/1936
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Article Quality of Government Cohesion Across EU Regions: Success or Failure(Routledge Journals, Taylor & Francis Ltd, 2026-01-16) Karahasan, Burhan CanRegional differences in institutions is a threat for political and economic integration. In this paper, we analyse the institutional convergence across regions of the European Union (EU). Preliminary results show that there is continuous improvement fostering institutional convergence. However, heterogeneity analyses point-out that the speed of institutional development is influenced by the enlargement phases of the union. Additional results indicate that the regions of the Central and Eastern European (CEE) countries and the southern regions belonging to Greece and Spain experience faster institutional convergence. Accordingly, the enlargement process, fostering further heterogeneity, is an important element to improve the institutional quality of the new EU members. However, temporal convergence trends show that the dynamics of institutional convergence shift over time, reflecting the non-stationary evolution of success-failure cases.Article Citation - WoS: 2Citation - Scopus: 4Heterogeneous Impact of Innovation on Economic Development: Evidence from EU Regions(Elsevier Sci Ltd, 2026-03-01) Pinar, Mehmet; Karahasan, Burhan CanThis paper investigates the heterogeneous impact of innovation on economic development across European Union (EU) regions, with a focus on regional competitiveness driven by innovation-based capabilities. While innovation is a key driver of economic growth, its effects are not uniformly distributed. Using the Multiscale Geographically Weighted Regression models, the study examines how different dimensions of innovation (technological readiness, business sophistication, and overall innovation capacity) affect regional GDP per capita. The results show that regions with higher innovation-based competitiveness generally achieve higher income levels. However, the impact of innovation is spatially uneven. While core EU regions (particularly, in Northern and Western Europe) benefit more strongly from innovation, peripheral regions (in Southern and Eastern Europe) often experience weaker and in some cases even negative, effects. These results highlight the importance of accounting for spatial variation when designing innovation and cohesion policies. The paper calls for tailored, place-based strategies to address regional disparities in innovation-driven development and suggests that current EU policies should be adjusted to better support lagging regions.Book Part Precarious Work and Individual Deprivation During the Post-COVID Era: Lessons From Turkey(Edward Elgar Publishing Ltd., 2025-05-13) Kinikoğlu, C.N.; Karahasan, B.C.Article Citation - WoS: 1Unemployment Polarisation and Club Convergence in Türkiye(Wiley, 2025-02-04) Karahasan, Burhan CanTurkish economy has undergone massive transformation during the 2000s. Annual economic growth reached a peak of 10% in the early 2000s. However, the side effects of global financial crises and the internal macroeconomic imbalances shift the growth trajectory of T & uuml;rkiye into a new path of unstable economic growth. While macroeconomic consequences are densely discussed we know less about the adjustment of local labour markets. To fill this gap, we examine the club formation of Turkish regions by analysing their unemployment trajectories during the post 2000s. Our findings show that despite rapid economic growth Turkish regions get extremely polarised and form distinct convergence clubs. Remarkably polarisation is higher for the female population. Geographically, polarisation is in the form of an isolation for the least developed south-eastern regions and some of the developed urbanised western regions. Additionally, our robustness exercises indicate higher polarisation after 2013 as Turkish economic growth starts to become more volatile and less sustainable. Finally, our spatial extensions show that impact of spatial proximity has significant influence on the accurate extent of unemployment deprivation.Article Citation - WoS: 4Citation - Scopus: 4Institutional Quality and Geography of Discontent in the Eu(John Wiley and Sons Inc, 2023-12-12) Pınar, Mehmet; Karahasan, Burhan CanThere has been a significant rise in anti-establishment votes in the European Union (EU). The decline in socio-economic outcomes and migration played an important role in understanding the rising discontent. However, none of the existing studies analysed the effect of socio-economic factors in different institutional settings. Our findings confirm that institutional quality is of paramount importance in explaining the recent rise in populism in the EU, as institutionally developed EU regions are less opposed to EU integration. Remarkably, the effects of socio-economic factors on populist votes vary in different institutional settings. The findings highlight that institutional improvements are vital for the EU perception of less developed and socio-economically isolated EU regions.Article Citation - WoS: 1Citation - Scopus: 1Understanding Covid-19 Mobility Through Human Capital: a Unified Causal Framework(Springer, 2023-02-21) Bilgel, Fırat; Karahasan, Burhan CanThis paper seeks to identify the causal impact of educational human capital on social distancing behavior at workplace in Turkey using district-level data for the period of April 2020 - February 2021. We adopt a unified causal framework, predicated on domain knowledge, theory-justified constraints anda data-driven causal structure discovery using causal graphs. We answer our causal query by employing machine learning prediction algorithms; instrumental variables in the presence of latent confounding and Heckman's model in the presence of selection bias. Results show that educated regions are able to distance-work and educational human capital is a key factor in reducing workplace mobility, possibly through its impact on employment. This pattern leads to higher workplace mobility for less educated regions and translates into higher Covid-19 infection rates. The future of the pandemic lies in less educated segments of developing countries and calls for public health action to decrease its unequal and pervasive impact.Article Citation - WoS: 2Citation - Scopus: 2Effects of Covid-19 Lockdowns on Social Distancing in Turkey(Oxford University Press, 2022-05-23) Bilgel, FıratThis paper elucidates the causal effect of lockdowns on social distancing behaviour in Turkey by adopting an augmented synthetic control and a factor-augmented model approach for imputing counterfactuals. By constructing a synthetic control group that reproduces pre-lockdown trajectory of mobility of the treated provinces and that accommodates staggered adoption, the difference between the counterfactual and actual mobility of treated provinces is assessed in the post-lockdown period. The analysis shows that in the short run following the onset of lockdowns, outdoor mobility would have been about 17–53 percentage points higher on average in the absence of lockdowns, depending on social distancing measure. However, residential mobility would have been about 12 percentage points lower in the absence of lockdowns. The findings are corroborated using interactive fixed effects and matrix completion counterfactuals that accommodate staggered adoption and treatment reversals.Article Citation - WoS: 6Citation - Scopus: 6Effects of Vaccination and the Spatio-Temporal Diffusion of Covid-19 Incidence in Turkey(John Wiley and Sons Inc, 2022-06-04) Bilgel, Fırat; Karahasan, Burhan CanThis study assesses the spatio-temporal impact of vaccination efforts on Covid-19 incidence growth in Turkey. Incorporating geographical features of SARS-CoV-2 transmission, we adopt a spatial Susceptible–Infected–Recovered (SIR) model that serves as a guide of our empirical specification. Using provincial weekly panel data, we estimate a dynamic spatial autoregressive (SAR) model to elucidate the short- and the long-run impact of vaccination on Covid-19 incidence growth after controlling for temporal and spatio-temporal diffusion, testing capacity, social distancing behavior and unobserved space-varying confounders. Results show that vaccination growth reduces Covid-19 incidence growth rate directly and indirectly by creating a positive externality over space. The significant association between vaccination and Covid-19 incidence is robust to a host of spatial weight matrix specifications. Conspicuous spatial and temporal diffusion effects of Covid-19 incidence growth were found across all specifications: the former being a severer threat to the containment of the pandemic than the latter.Book Part Citation - Scopus: 2New Money: Central Bank Digital Currencies(Peter Lang AG, 2019) Karamollaoğlu, Nazlı; Tuncay, BernaPayment systems have been evolving along with technological advancements in the last couple decades. The introduction of different forms of electronic banking, the advance of Internet banking services, and advances in mobile phone and mobile payment technology have reduced the use of physical currency. Additionally, the first mover cryptocurrencies, bitcoin and its various alternatives (e.g., Ether, Litecoin), have been expanding their footprints, despite the volatility of their prices and the issues with their capability. These developments pose both opportunities and threats for Central Banks, particularly in the formulation of monetary policy and regulation of payment systems. Increased adoption of cryptocurrencies for payment transactions could undermine central banks' monetary policy missions as their policy power over the money in circulation would weaken. Weakened monetary policy control on the central bank side would risk financial stability. On the other hand, cryptocurrencies may also have positive impacts on the economy through various channels such as cost and time driven payment market efficiencies, financial inclusion, cashless society, and smaller informal sector. A central bank digital currency (CBDC) may have various characteristics related to its store of value, availability, settlement time, wallet and transaction limits, extent of use, being interest bearing or not and level of anonymity. While each characteristic has its own pros and cons, decisions on the CBDC characteristics need to be made by taking into account the country's circumstances, priorities, and ultimate policy objectives. © Peter Lang GmbH Internationaler Verlag der Wissenschaften Berlin 2019. All rights reserved.Article Classifying the European Football Leagues by Using Balance-Performance Matrix(Pamukkale University, 2021) Özaydın, Selçuk Mustafa; Özaydin, Mustafa SelçukEuropean football has transformed over the last two decades both financially and athletically. Although the aggregate revenue generated by the European football increases, some leagues grew richer than the others. The inequality in the distribution of revenue caused the talents to accumulate in the Big 5 leagues and left the others with no chance to compete. Especially after the introduction of Financial Fair Play, teams from other leagues became in desperate need of transfer income which accelerated the accumulation of talent. This paper proposes a matrix, the Balance-Performance Matrix, for classifying leagues with respect to their transfer balance and sportive performance. As the results of the matrix illustrate, some leagues indeed became suppliers for the Big 5 and they have lost their competitive edge whereas some are still competing despite losing their best talents.