Ekonomi Bölümü Koleksiyonu
Permanent URI for this collectionhttps://hdl.handle.net/20.500.11779/1936
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Article Citation - WoS: 1Citation - Scopus: 1Great Recession and News Shocks: Evidence Based on an Estimated Dsge Model(Springer, 2021-05-21) Nebioğlu, DenizThis paper examines whether productivity news shocks were among the drivers of the Great Recession. To do this, the Smets and Wouters (Am Econ Rev 97(3):586–606, 2007. https://doi.org/10.1257/aer.97.3.586) model is extended by a generalized preference specification which allows for scaling wealth effects on the labor supply. The resulting model is estimated using Bayesian methods which draw upon the US data from the period 1965Q2 to 2014Q3. There are four main results: (i) Estimation of the model is inconclusive regarding the degree of wealth elasticity of the labor supply. As a result, two complementary versions of the model prevail, each of which has differing implications for the transmission and the quantitative importance of exogenous shocks. (ii) When the degree of wealth elasticity of the labor supply is low, news shocks replace risk premium shocks, suggesting that news shocks are one possible reason for fluctuations in US business cycles. (iii) When the Great Recession period is analyzed through the lenses of the two complementary versions of the model, two explanations emerge as potential reasons behind the deepening of the crisis: worsening credit conditions as well as the collapse of over-optimistic expectations regarding future productivity. (iv) For both model specifications, general developments in productivity are estimated to be positive. Therefore, productivity slowdown is not considered to be among the reasons for the emergence or persistence of the Great Recession.Article Citation - WoS: 10Citation - Scopus: 12The Topography and Sources of Multidimensional Poverty in Turkey(Springer, 2021-01-03) Karahasan, Burhan Can; Bilgel, FıratEconomic inequality and poverty have been extensively analyzed in monetary terms. However, other aspects of poverty, such as education, health, environment and standards of living are important factors, essential for human well-being and capabilities. Using a host of non-monetary aspects of poverty, this paper sheds light on the geographical distribution of multidimensional poverty in Turkey. Results from survey data highlight that the regional distribution non-monetary dimensions of poverty is conspicuously different than that of relative monetary poverty in Turkey. Unlike the relative monetary poverty rate, multidimensional poverty measurement reflects the regional underdevelopment problem of Turkey. On the contrary, once monetary poverty is considered in absolute terms, multidimensional and absolute monetary poverty have a similar geographical pattern. Moreover, the decomposition analyses point out that females, old disabled and socially excluded individuals suffer the most from multidimensional poverty. Our combined results show that the isolated eastern regions realize the highest poverty and deprivation at each decomposition level.Article Citation - WoS: 15Citation - Scopus: 15Economic Outcomes in Patients With Chemotherapy-Naive Metastatic Castration-Resistant Prostate Cancer Treated With Enzalutamide or Abiraterone Acetate Plus Prednisone(Springer, 2020-02-28) Lechpammer, Stanislav; Ramaswamy, Krishnan; Wang, Li; Mardekian, Jack; George, Daniel J.; Sandin, Rickard; Schultz, Neil M.; Başer, Onur; Huang, AhongIntroduction: Prostate cancer (PC) is the second leading cause of cancer death among US men and accounts for considerable healthcare expenditures. We evaluated economic outcomes in men with chemotherapy-naı¨ve metastatic castration-resistant PC (mCRPC) treated with enzalutamide or abiraterone acetate plus prednisone (abiraterone). Methods: We performed a retrospective analysis on 3174 men (18 years or older) utilizing the Veterans Health Administration (VHA) database from 1 April 2014 to 31 March 2018. Men with mCRPC were included if they had at least one pharmacy claim for enzalutamide or abiraterone (first claim date = index date) following surgical or medical castration, had no chemotherapy treatment within 12 months prior to the index date, and had continuous VHA enrollment for at least 12 months pre- and post-index date. Men were followed until death, disenrollment, or end of study and were 1:1 propensity score matched (PSM). All-cause and PC-related resource use and costs per patient per month (PPPM) in the 12 months post index were compared between matched cohorts. Results: We identified 1229 men with mCRPC prescribed enzalutamide and 1945 prescribed abiraterone with mean ages of 74 and 73 years, respectively. After PSM, each cohort had 1160 patients. The enzalutamide cohort had fewer all-cause (2.51 vs 2.86; p\0.0001) and PC-related outpatient visits (0.86 vs 1.03; p\0.0001), with corresponding lower all-cause ($2588 vs $3115; p\0.0001) and PC-related ($1356 vs $1775; p\0.0001) PPPM outpatient costs compared with the abiraterone cohort. Allcause total costs (medical and pharmacy) PPPM ($8085 vs $9092; p = 0.0002) and PC-related total costs PPPM ($6321 vs $7280; p\0.0001) were significantly lower in the enzalutamide cohort compared with the abiraterone cohort. Conclusions: Enzalutamide-treated men with chemotherapy-naı ¨ve mCRPC had significantly lower resource utilization and healthcare costs compared with abiraterone-treated men. Plain Language Summary: Plain language summary available for this article.Article Citation - WoS: 6Citation - Scopus: 6Health Outcomes Among Patients Diagnosed With Schizophrenia in the Us Veterans Health Administration Population Who Transitioned From Once-Monthly To Once-Every Paliperidone Palmitate: an Observational Retrospective Analysis(Springer, 2019-08-08) Khouyr, Antoine El; Wang, Li; Joshi, Kruti; Patel, Charmi; Başer, Onur; Huang, Ahong; El Khoury, AntoineThere is limited literature on treatment patterns, healthcare resource utilization (HRU), and costs among patients who transition from once-monthly paliperidone palmitate (PP1M) to once-every-3-month paliperidone palmitate (PP3M) in a real-world setting. Hence, this study compared treatment patterns, HRU, and costs 12-month pre- and post-PP3M transition among Veteran’s Health Administration (VHA) patients with schizophrenia.Article Citation - WoS: 5Citation - Scopus: 3Exports, Real Exchange Rates and Dollarization: Empirical Evidence From Turkish Manufacturing Firms(Springer, 2019-07-15) Karamollaoğlu, Nazlı; Yalçın, CihanWe attempt to uncover the relationship between the real exchange rates and exports shares of manufacturing firms in Turkey by taking into account FX exposures and various firm characteristics. We use a large panel of manufacturing firms to carry out an empirical analysis for the period 2002–2010. Contrary to macro-evidence, firm-level empirical evidence suggests that a depreciation of the Turkish lira seems to favor the external competitiveness of firms in general. We document that a real depreciation of the Turkish lira has a positive impact on export shares and its impact is muted to some extent for firms operating in sectors that use imported inputs intensively. In addition, we estimate that export shares increase as a result of real depreciation for firms having low (naturally hedged) and moderate FX debt-to-export ratios. We do not confirm a strong balance sheet channel where a depreciation of the currency may harm firms’ export performance due to currency mismatch. On the contrary, FX borrowing is estimated to support export performance probably due to undermining finance constraints.