erc/METU INTERNATIONAL CONFERENCE IN ECONOMICS VII · erc/METU INTERNATIONAL CONFERENCE IN ECONOMICS VII September 6 - 9, 2003, Ankara erc/ODTÜ ULUSLARARASI EKONOMİ KONGRESİ ...

erc/METU INTERNATIONAL CONFERENCE IN ECONOMICS VII September 6 - 9, 2003, Ankara

erc/ODTÜ ULUSLARARASI EKONOMİ KONGRESİ VII

6 - 9 Eylül 2003, Ankara

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September 6 / 6 Eylül

OPENING LECTURE Sept 6 / 6 Eylül, 9:00-10:00 Kemal Kurdaş Hall

Süreyya Serdengeçti (Governor, The Central Bank of the Republic of Turkey)

Convenor: Oktar Türel (METU)

KEYNOTE ADDRESS / TINBERGEN LECTURE Sept 6 / 6 Eylül, 10:15-11:00 Kemal Kurdaş Hall

Searching for the Causal Structure of a Vector Autoregresssion

Kevin Hoover (University of California at Davis, USA) with

Selva Demiralp (Board of Governors of the Federal Reserve System, USA)

Convenor: Hans-Martin Krolzig (Oxford University, UK)

KEYNOTE ADDRESS / ERC LECTURE Sept 6 / 6 Eylül, 11:30-12:15 Kemal Kurdaş Hall

Empire of Capital

Ellen Meiksins Wood (York University, Canada)

Convenor: Sungur Savran

A1-A INVITED LECTURE IN MACROECONOMIC DYNAMICS Sept 6 / 6 Eylül, 13:30-14:15 Room 1 / Salon 1

Unemployment-Poverty Tradeoffs

Pierre-Richard Agénor (Yale University and the World Bank, USA)

Convenor: Hasan Ersel (Yapı Kredi Bank)

A1-B INVITED LECTURE IN TECHNOLOGY POLICY Sept 6 / 6 Eylül, 14:30-15:15 Room 1 / Salon 1

Innovation Policies in OECD Countries:Trends and Drivers

Daniel Malkin (OECD, France)

Convenor: Yakup Kepenek (MP, Grand National Assembly of Turkey)

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A2-A INVITED LECTURE IN INTERNATIONAL POLITICAL ECONOMICS Sept 6 / 6 Eylül, 13:30-14:15 Room 2 / Salon 2

Global Economy in Transition

Henry C.K. Liu (Liu Investment Group, USA)

Convenor: Cem Somel (METU)

A2-B INVITED LECTURE IN POLITICAL ECONOMY Sept 6 / 6 Eylül, 14:30-15:15 Room 2 / Salon 2

Imperialism of Our Time

Aijaz Ahmad (York University, Canada)

Convenor: Ellen Meiksins Wood (York University, Canada)

A3 ADVANCES IN ECONOMETRICS Sept 6 / 6 Eylül, 13:30-15:30 Room 3 / Salon 3

Testing for Relative Predictive Accuracy: A Critical Viewpoint

Robert M. Kunst (University of Vienna, Austria)

A Hypergeometric Test for Omitted Nonlinearity Steve Lawford (Brunel University, UK)

Tests for Normality Based on Robust Regression Residuals

Özlem Önder (Ege University) Asad Zaman (Lahore University, Pakistan)

Convenor: Haluk Erlat (METU)

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A4 FİNANS, BANKACILIK SİSTEMİ VE EKONOMİK BÜYÜME Sept 6 / 6 Eylül, 13:30-15:30 Room 4 / Salon 4

Yeni Büyüme Stratejisi ve Finans Sektörü

Şeref Saygılı (BDDK)

Aracılık Maliyetleri ve Ekonomik Büyüme Şeref Saygılı (BDDK)

Yasemin Türker Kaya (BDDK) Münür Yayla (BDDK)

Kurumsal Yönetişim Politikaları

Adalet Hazar (Ziraat Bankası)

Finansal Piyasalarda Yeniden Yapılandırma Sürecinde Risk Yönetiminin Yeri: Türk Bankacılık Sektörü Üzerine Bir Analiz

Tuğba Figankaplan (BDDK)

Oturum Başkanı: Ercan Türkan (BDDK)

A5 ADVANCES IN MICROECONOMIC THEORY AND INDUSTRIAL ORGANISATION

Sept 6 / 6 Eylül, 13:30-15:30 Room 5 / Salon 5

Financial Restrictions and Technological Diversity Effects on Innovation Maria Garcia-Vega (University Complutense, Spain)

Energy Saving Technical Progress in a Vintage Capital Model

Agustín Pérez Barahona (Université Catholique de Louvain, Belgium) Benteng Zou (Université Catholique de Louvain, Belgium)

Asessing the Firm Performance in the Presence of Agency Problem

Kemal Güven Gülen (Istanbul Commerce University) Şermin Güngör (Istanbul Commerce University)

Product Variety, Monopolistic Competition and Optimal Taxation

Abuzer Bakış (Galatasaray University)

Convenor: Hakan Orbay (Sabancı University)

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A6 ECONOMIC GEOGRAPHY, INDUSTRIALISATION AND GROWTH Sept 6 / 6 Eylül, 13:30-15:30 Room 6 / Salon 6

Externalities in a Networked World

Ayda Eraydın (METU)

Regional Development Inequalities in Turkey: An Assestment on the Distribution of Investment Insentives

Funda Barbaros (Ege University) Meneviş Öğüt (Ege University)

Evaluating the Performance of Turkish Manufacturing Clusters

Sedef Akgüngör (Işık University)

Economic Liberalization, Markups, and Total Factor Productivity Growth in Turkey's Manufacturing Industries

Sacit Hadi Akdede (Adnan Menderes University)

Convenor: Ümit Şenesen (Istanbul Technical University)

A7 FINANCIAL CRISES: CAPITAL FLOWS, CONTAGION AND DOMESTIC INCOME DYNAMICS


International Financial Contagion: Evidence from the Argentine Crisis of 2001-2002

Melisso Boschi (University of Essex, UK)

The Reversal of International Bank Lending Flows in Emerging Countries during Financial Crises

Cynthia Kalasopatan (Université de la Méditerranée, France)

In the Aftermath: Was There a Credit Crunch in Turkey? Mehmet Kerim Gökay (Boğaziçi University)

Analyzing Durable Goods Purchases and Idiosyncratic Income Uncertainty

Burcu Duygan (The World Bank, USA)

Convenor: Almila Karasoy (CBRT)

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A8 TÜRKİYE EKONOMİSİ: AMPİRİK ÇALIŞMALAR Sept 6 / 6 Eylül, 13:30-15:30 Room 8 / Salon 8

Getiri Farkı Ekonomik Aktivitenin Tahmininde Öncü Gösterge İşlevi Görebilir mi?

Türkiye Örneği Kayhan Akyıldız (Hazine Müsteşarlığı)

Dış Ticaret Rejimindeki Değişimlerin İthalatın Fiyat ve Gelir Esneklikleri Üzerine

Etkisi Murat Atan (Gazi Üniversitesi)

Semiha Kaya (Gazi Üniversitesi) Filiz Özağ (Gazi Üniversitesi)

Doğrudan Yabancı Yatırımlar ve İstikrar İlişkisi Üzerine Ampirik Bir Çalışma

Hamza Çeştepe (Zonguldak Karaelmas Üniversitesi) Hasan Vergil (Zonguldak Karaelmas Üniversitesi)

Reel Döviz Kuru Değişimleri ile Sektörel Dış Ticaret Fiyatları Arasındaki Uzun

Dönem İlişki Kamil Çekerol (Anadolu Üniversitesi)

Hüseyin Gürbüz (Osmangazi Üniversitesi)

Hava Durumu Borsa Getirisini Etkiler mi? İMKB Örneği Ekrem Tufan (Anadolu Üniversitesi)

Bahattin Hamarat (Çanakkale Onsekiz Mart Üniversitesi)

Oturum Başkanı: Aykut Kibritçioğlu (Ankara University)

B1 INVITED SESSION: MACROECONOMIC DYNAMICS AND GROWTH Sept 6 / 6 Eylül, 16:00-18:00 Room 1 / Salon 1

Optimal Growth under Military Threat

Hasan Ersel (Yapı Kredi Bank)

Investment for Recovery and Growth Ercan Uygur (Ankara University)

Political Instability, Public Investment and Macroeconomic Performance

Gülçin Özkan (University of York, UK)

Convenor: Fatih Özatay (Deputy Governor, CBRT)

B2 INVITED LECTURE IN RADICAL POLITICAL ECONOMICS


TIAA (There is an Alternative) to Capitalism Al Campbell (University of Utah, USA)

Convenor: Nail Satlıgan (Marmara University)

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B3 EXPECTATIONS, INFORMATION AND MONETARY POLICY Sept 6 / 6 Eylül, 16:00-18:00 Room 3 / Salon 3

Rising Role of Expectations and the Anticipation Effect

Selva Demiralp (Board of Governors of the Federal Reserve System, USA)

Effects of Foreign Exchange Interventions with Public Information: The Chilean Case

Matías Tapia Gonzalez (Central Bank of Chile, Chile) Andrea Tokman (Central Bank of Chile, Chile)

Asymmetric Information, Stock Returns and Monetary Policy:

A Theoretical and Empirical Analysis Bedri Kamil Onur Taş (Boston College, USA)

Heterogeneity of Investment Decisions and Monetary Policy : A Comparative Study between Europe and the United-States

Pierre Barbaroux (CNRS-IDEFI, Sophia-Antipolis, France) Frank Paolucci (CNRS-IDEFI, Sophia-Antipolis, France)

Convenor: İlker Domaç (CBRT)

B4 FINANCIAL CRISES: THEORY AND THE TURKISH EVIDENCE Sept 6 / 6 Eylül, 16:00-18:00 Room 4 / Salon 4

Currency Crises:

Can They be Analyzed under Perception Based Decision Theory Framework? Naci Canpolat (Hacettepe University) İbrahim Özkan (Hacettepe University)

I.B. Türkşen (University of Toronto, Canada)

Economic Liberalization and Foreign Exchange Crises: The Case of Turkey (1986-2002)

Erişah Arıcan (Marmara University) Vildan Serin (Fatih University)

Leading Financial Crises Indicators in Turkey

Duygu Ayhan (Dokuz Eylül University) Yaprak Gülcan (Dokuz Eylül University)

Depositor Behaviour and Market Discipline in Turkey

Selçuk Caner (Bilkent University) A. Ece Ungan (Alternatif Bank A.Ş)

Convenor: Murad Kayacan (Istanbul Stock Exchange)

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B5 INTERNATIONAL TRADE AND ENVIRONMENT: POLICIES AND INDUSTRIAL DYNAMICS


A Test of Pollution Haven Hypothesis: Case of Turkey Elif Akbostancı (METU) Gül İpek Tunç (METU)

Serap Türüt Aşık (METU)

Transboundary Pollution in the Black Sea: Comparison of Institutional Arrangements

Başak Bayramoğlu (CERAS-ENPC, France)

Alternative Environmental Policies for Turkey within a Regional General Equilibrium Model Şebnem Şahin (University Paris I, France)

Estimation of the global effect on international prices in the framework of MENA and

UE bilateral liberalisation process in agricultural sector Rafael de Arce (University Autonomous of Madrid, Spain) Ramon Mahía (University Autonomous of Madrid, Spain)

Gonzalo Escribano (Universidad Nacional de Educación a Distancia, Spain)

The Role of Linguistic and Ethnic Ties in International Travel: An application of the Gravity Model

Hyun-Hoon Lee (Kangwon National University, S. Korea) Hyeon-Seung Huh (Hallym University, S. Korea) Myung-Hee Kim (Hangyang University, S. Korea)

Convenor: Osman Zaim (Bilkent University)

B6 INVITED SESSION ADVANCES IN MATHEMATICAL FINANCE I:

CREDIT RISK AND HEDGING Sept 6 / 6 Eylül, 16:00-18:00 Room 6 / Salon 6

Credit Risk: Structural and Reduced-Form Approach

Monique Jeanblanc (Université d'Evry Val d'Essonne, France)

Hedging of Credit Derivatives within the Reduced-Form Framework Marek Rudkowski (Warsaw University, Poland)

Convenor: Hayri Körezlioğlu (METU)

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B7 BİLİM VE TEKNOLOJİ POLİTİKALARI TASARIMI: VİZYON 2023 Sept 6 / 6 Eylül, 16:00-18:00 Room 7 / Salon 7

Bilim ve Teknoloji Stratejileri: Vizyon 2023

Filiz Çimen (TÜBİTAK) Turgut Tümer (TÜBİTAK ve ODTÜ)

Teknoloji Kümeleri ve Yol Haritaları

Mustafa Ay (TÜBİTAK) Mehmet Kılıç (TÜBİTAK)

Senaryo Planlama Amacıyla Delfi Anket Yönteminin Kullanımı

Haluk Geray (Ankara Üniversitesi)

Türkiye İmalat Sanayiinde Teknolojik Yetenek: Kaynakları ve Etkileri Güçlü T. Durmaz (TÜBİTAK)

Işık Erten (TÜBİTAK) Erol Taymaz (ODTÜ)

Oturum Başkanı: Turgut Tümer (TÜBİTAK ve ODTÜ)

B8 ADVANCES IN LABOUR ECONOMICS: WAGES, GENDER AND POVERTY Sept 6 / 6 Eylül, 16:00-18:00 Room 8 / Salon 8

Import Competition and Wages in Unionised Labour Markets:

Cournot versus Bertrand Competition Ellen Brock (National University of Ireland, Ireland)

The Dynamics of Inequality in an Imperfect Labour Market

Fazeer Sheik Rahim (University of Reading, UK)

Occupational Sex Segregation in Turkey 1975-2000 Serap Palaz (Balıkesir University)

Judith Rich (Monash University, Australia)

Gender and Poverty In Turkey Öner Günçavdı (Istanbul Technical University) Raziye Selim (Istanbul Technical University)

Convenor: Turalay Kenç (Imperial College, UK)

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C1-A INVITED LECTURE IN INTERNATIONAL MACROECONOMICS, BANKING AND FINANCE


Pricing Risks Right: The Key Policy Tool to Avoid Financial Crises in Emerging Markets

Liliana Rojas-Suarez (Center for Global Development, USA)

Convenor: Şükrü Binay (Deputy Governor, CBRT)

C1-B INVITED LECTURE IN MONETARY MACROECONOMICS Sept 7 / 7 Eylül, 10:00-10:45 Room 1 / Salon 1

Optimal Monetary and Fiscal Policy: A Linear-Quadratic Approach

Pierpaolo Benigno (New York University, USA) with

Michael Woodford (Princeton University, USA)

Convenor: Gülçin Özkan (University of York, UK)

C2 IMF POLİTİKALARI, “YAPISAL UYUM, BÜYÜME VE İSTİKRAR” Sept 7 / 7 Eylül, 9:00-11:00 Room 2 / Salon 2

Changing Structures of National and International Finance

C.P. Chandrasekhar (Jawaharlal Nehru University, India)

Deflation, Unemployment and Macroeconomic Policy in the Age of Finance Jayati Ghosh (Jawaharlal Nehru University, India)

Globalization, Distribution and Social Policy: A Cross-Country Analysis

Gökhan Buturak (Bilkent University) Erinç Yeldan (Bilkent University)

The Dominance of Finance: Implications for the Global Economy

Pradhab Patnaik (Jawaharlal Nehru University, India)

Illusion of Macroeconomic Adjustment and Reality of Structural Complexity Fatma Doğruel (Marmara University) Suut Doğruel (Marmara University)

Convenor: Oktar Türel (METU)

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C3-A INVITED LECTURE IN MICROECONOMETRICS Sept 7 / 7 Eylül, 9:00-9:45 Room 3 / Salon 3

Wage Policy in the Health Care Sector:

A Panel Data Analysis of Nurses' Labour Supply Badi H. Baltagi (Texas A&M University, USA)

with Jan Erik Askildsen (University of Bergen, Norway) Tor Helge Holmås (University of Bergen, Norway)

Convenor: İnsan Tunalı (Koç University)

C3-B INVITED LECTURE IN MACROECONOMETRICS Sept 7 / 7 Eylül, 10:00-10:45 Room 3 / Salon 3

The Properties of Automatic Gets Modelling Hans-Martin Krolzig (Oxford University, UK)

with David F. Hendy (Oxford University, UK)

Convenor: Selva Demiralp (Board of Governors of the Federal Reserve System, USA)

C4 GROWTH AND CONVERGENCE: THEORIES AND EVIDENCE Sept 7 / 7 Eylül, 9:00-11:00 Room 4 / Salon 4

Social Recommendations rather than Social Values

Hakan Aksoy (Boğaziçi University and Koç Portföy) Erdem Başçı (Bilkent University)

Why are Some Countries Richer than Others?

A Reassessment of Mankiw-Romer-Weil's Test of the Neoclassical Growth Model Jesus Felipe (Asian Development Bank, Philippines)

John McCombie (Downing College, UK)

Endogenous Growth Theory: A Review of Algebraic Conditions Jean-François Jacques (Université Paris IX-Dauphine, France)

Antoine Rebeyrol (PHARE Université Paris I-Université Paris X, France)

Rural-Urban Migration, Regionally Segmented Capital Markets, and Economic Growth: A Dynamic General Equilibrium Inquiry

Terry Roe (University of Minnesota, USA) D. Şirin Saraçoğlu (University of Minnesota, USA)

Convenor: Alpay Filiztekin (Sabancı University)

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C5 PUBLIC DEBT SUSTAINABILITY: THE TURKISH EVIDENCE Sept 7 / 7 Eylül, 9:00-11:00 Room 5 / Salon 5

Analysing the Sustainability of Fiscal Deficits in Turkey

Emek Günaydın (Undersecretariat of Treasury)

Analyzing Public Debt Sustainability in Turkey Alper Gürler (Türkiye İş Bankası)

A Simulation Framework for Turkey's Debt Strategy

Ali Sercan Atalık (Marmara University) Koray Çağlayan (Marmara University)

Bora Dirik (Marmara University) Tuncay Semiz (Marmara University)

An Analysis of Turkish External Debt Sustainability:

Test of Intertemporal Borrowing Constraints Gülcan Önel (Dokuz Eylül University)

Convenor: Alövsat Müslümov (Doğuş University)

C6 ASSET VALUATION, INVESTMENT AND PORTFOLIO CHOICE Sept 7 / 7 Eylül, 9:00-11:00 Room 6 / Salon 6

A Bivariate Markovian Asset Valuation Model: Model Identification

Hayri Körezlioğlu (METU) Kasırga Yıldırak (METU)

A Statistical Analysis of Intraday Liquidity, Returns and Volatility of an Individual

Stock from the Istanbul Stock Exchange Cumhur Ekinci (Université Aix-Marseille III, France)

Optimal Depreciation Policy in Stochastic Model of Investment Attraction

Vadim Arkin (Central Economics and Mathematics Institute (CEMI), Russia) Alexander Slastnikov (Central Economics and Mathematics Institute (CEMI), Russia)

Evaluating Investment Projects with Raw Material Price Risk

Gültekin Büyükyenerel (METU)

Optimal Level of Investment: Impacts of Backgrounds Multivariate Risks (Non-Financial Risks)

Jean Fernand Nguema (Université Montpellier 1, France)

Convenor: Oral Erdoğan (Istanbul Bilgi University)

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C7 TARIM VE ÇEVRE EKONOMİSİ: TÜRKİYE UYGULAMALARI Sept 7 / 7 Eylül, 9:00-11:00 Room 7 / Salon 7

Türk Tarım Sektörünün Yeniden Yapılanması ve Olası Sonuçları

Öner Günçavdı (İTÜ) Saime Suna Kayam (İTÜ)

Suat Küçükçifçi (İTÜ) Ertuğrul Tokdemir (İTÜ)

Türkiye Açısından Kyoto Protokolü'nün Değerlendirilmesi ve Decomposition

(Ayrıştırma) Yöntemi ile CO2 Emisyonun Belirleyicilerinin Analizi Etem Karakaya (Adnan Menderes Üniversitesi) Mustafa Özçağ (Adnan Menderes Üniversitesi)

Tarım Sektöründe Kullanılan Motorinin Sübvanse Edilmesinin Türkiye Tarımına

Olası Etkileri İlkay Dellal (Tarımsal Ekonomi Araştırma Enstitüsü)

Erdal Ertürk (Tarımsal Ekonomi Araştırma Enstitüsü) Sibel Tan (Tarımsal Ekonomi Araştırma Enstitüsü)

Fahri Yavuz (Atatürk Üniversitesi)

Ayçiçeği Üretiminde Faktör-Talep Analizi:Trakya Bölgesi Örneği Gökhan Unakıtan (Trakya Üniversitesi)

İ. Hakkı İnan (Trakya Üniversitesi)

Çevre Koruma ve Ekonomik Büyüme İlişkisinde Sıfır Toplamlı Oyunun Sonu mu? Özcan Karahan (Balıkesir Üniversitesi) Gökhan Orhan (Balıkesir Üniversitesi)

Oturum Başkanı: Mahir Fisunoğlu (Çukurova Üniversitesi)

C8 COMPETITION, MERGERS AND EFFICIENCY Sept 7 / 7 Eylül, 9:00-11:00 Room 8 / Salon 8

Mergers Involving a Failing Firm: Literature Survey and a Case Study

Murat Çetinkaya (Competition Authority)

Efficiency Issues in Horizontal Mergers Cenk Gülergün (Competition Authority)

Merger Policy with Alternative Mergers and Efficiency Gains

Carlos Razo (Stockholm University, Sweden)

Application of The Proportionality-Calibrated AIDS Model to Predicting Potential Welfare Effects of Mergers Between Fertilizer Sellers as Part of the Turkish

Privitization Program. Serdar Dalkır (Micra Consulting Inc., USA)

Ekrem Kalkan (Competition Authority)

Convenor: Benan Zeki Orbay (Istanbul Technical University)

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KEYNOTE ADDRESS / METU LECTURE Sept 7 / 7 Eylül, 11:30-12:15 Kemal Kurdaş Hall

An Examination of Some Tools for Macro-Econometric Model Building

Adrian Pagan (Australian National University and the University of New South Wales, Australia)

Convenor: Kevin Hoover (University of California at Davis, USA)

D1-A INVITED LECTURE IN MACROECONOMICS AND GROWTH Sept 7 / 7 Eylül, 13:30-14:15 Room 1 / Salon 1

Worlds Apart: International and Global Inequality, 1950-2000

Branko Milanovic (The World Bank, USA)

Convenor: Bart Verspagen (ECIS and Eindhoven University of Technology, The Netherlands)

D1-B INVITED LECTURE IN TECHNOLOGY POLICY


The Impact of EU Regional Support on Growth and Convergence in the European Union

Bart Verspagen (ECIS and Eindhoven University of Technology, The Netherlands) with

Aadne Cappelen (Statistics Norway, Norway) Fulvio Castellacci (Centre for Technology, Innovation and Culture (TIK), University of

Oslo, Norway) Jan Fagerberg (Centre for Technology, Innovation and Culture (TIK), University of Oslo,

Norway)

Convenor: Aykut Göker (Technology Development Foundation of Turkey)

D2 KÜRESELLEŞME, GELİR DAĞILIMI VE YOKSULLUK


"Küreselleşme" Kıskacında Sendikacılık ve Gelir Dağılımı Üzerine Etkisi Yüksel Akkaya (Mersin Üniversitesi)

Kamusal Yoksulluk Endeksi Üzerine Bir Deneme

Sezai Temelli (İstanbul Üniversitesi)

Türkiye'nin Kapitalist Sisteme Eklemlenme Süreçlerinde Çalışma Yasaları Özgür Müftüoğlu (Marmara Üniversitesi)

Bölüşüm İlişkilerinde Devletin Değişen Rolü: Türkiye Açısından Bir Değerlendirme

Yasemin Özuğurlu (Mersin Üniversitesi)

Oturum Başkanı: Fuat Ercan (Marmara Üniversitesi)

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D3-A INVITED LECTURE IN ECONOMETRICS Sept 7 / 7 Eylül, 13:30-14:15 Room 3 / Salon 3

Stochastic Conditional Intensity Processes

Luc Bauwens (Université Catholique de Louvain, CORE, Belgium) with

Nikolaus Hautsch (University of Konstanz, Germany)

Convenor: Jan Erik Magnus (Tilburg University, The Netherlands)

D3-B INVITED LECTURE IN ECONOMETRICS Sept 7 / 7 Eylül, 14:30-15:15 Room 3 / Salon 3

Periodic Unobserved Component Time Series Models

Estimation and Forecasting with Applications Marius Ooms (Vrije Universiteit Amsterdam, The Netherlands)

with Siem Jan Koopman (Vrije Universiteit Amsterdam, The Netherlands)

Convenor: Robert M. Kunst (University of Vienna, Austria)

D4-A INVITED LECTURE: DEFENCE ECONOMICS Sept 7 / 7 Eylül, 13:30-14:15 Room 4 / Salon 4

A Survey of Techniques and Applications in Conflict Management,

Peace Economics and Peace Science Manas Chatterji (Binghamton University, USA)

Convenor: Jülide Yıldırım (Gazi University)

D4-B DAVETLİ KONFERANS: İSTİKRAR PROGRAMLARI VE MALİYE POLİTİKALARI


Kamu Borçlanması, İstikrar Programları ve Uygulanan Maliye Politikalarının Kalitesi: Genel Sorunlar ve Türkiye Üzerine Gözlemler

Ferhat Emil (Hazine Müsteşarlığı) H. Hakan Yılmaz (DPT)

Oturum Başkanı: Oktar Türel (METU)

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D5 MANUFACTURING INDUSTRIES: POLICIES, OWNERSHIP AND PRODUCTIVITY Sept 7 / 7 Eylül, 13:30-15:30 Room 5 / Salon 5

The Impact of Industrial Development Policies on Indigenous Manufacturing Firms:

A Comparison of Singapore with Taiwan and Korea K. Ali Akkemik (Nagoya University, Japan)

The Spillover Effects of Public Capital on the Turkish Private Manufacturing

Industries in the Geographical Regions Ertuğrul Deliktaş (Ege University) Metin Karadağ (Ege University) Özlem Önder (Ege University)

The Spillover Effects of Foreign Owned Firms on Domestic Firms in Turkish

Manufacturing Industry Mehmet Karaçuka (Ege University) Recep Kök (Dokuz Eylül University)

Test of the Export Oriented Economic Growth:

The Case of Turkish Manufacturing Sector Sanlı Ateş (Çukurova University)

Tuğba Direkçi (Çukurova University) Nejat Erk (Çukurova University)

Analysis of Factors Affecting Total Factor Productivity of Rural Small Industries

Sponsored by Jahad-Agriculture Organization of Isfahan Province, Iran Abbas-Ali Dehghani (Jahad-Agriculture Organization of Isfahan Province, Iran)

Mohammad-Naghi Gholami (Isfahan University of Technology, Iran) Javad Mir-Mohammad Sadeghi (Isfahan University of Technology, Iran)

Convenor: Şeref Saygılı (BRSA)

D6 INVITED SESSION ADVANCES IN MATHEMATICAL FINANCE II:

OPTION PRICING AND OPTIMAL INVESTMENT Sept 7 / 7 Eylül, 13:30-15:30 Room 6 / Salon 6

Model Uncertainty and its impact on Option Pricing

Rama Cont (Ecole Polytechnique, France)

Optimal Investment under the Threat of Crashes for Banks and Insurers Ralf Korn (Kaiserslautern University, Germany)

Convenor: Esma Gaygısız (METU)

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D7 MONETARY POLICY RULES AND THE NEW KEYNESIAN MACROECONOMICS


The New Keynesian Phillips Curve and Optimal Reaction Function under Imperfect Information

Runchana Pongsaparn (University of Bristol, UK)

The Influence of the Choice of Utility Function on the Estimation of the Monetary Policy Rule in the Sticky-Price Model

Svitlana Maslova (University of Cambridge, UK)

Monetary Policy and Business Cycle Analysis in an Optimising Model with Expectations Lags

Juan Paez-Farrell (University of Hull, UK)

Open Economy Monetary Policy Rules in a Model of Incomplete Exchange Rate Pass-through

Özge Şenay (METU)

Convenor: Hakan Kara (CBRT)

D8 LABOUR MARKET DYNAMICS


Labor Demand in Turkey Seyfettin Gürsel (Galatasaray University)

Haluk Levent (Galatasaray University)

Patterns and Determinants of Rural-Urban Migration in Turkey Hakan Ercan (METU)

Enver Taştı (State Institute of Statistics)

Transitions in the Turkish Labor Market: Evidence from Individual Level Data Aysıt Tansel (METU)

H. Mehmet Taşçı (METU)

Labor Market Dynamics Based on the HLFS Panel, 2000-2002 Ramazan Baltacı (State Institute of Statistics)

İnsan Tunalı (Koç University)

Convenor: Özlem Onaran (Istanbul Technical University)

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E1 PANEL: ARACILIK MALİYETLERİNİN BANKACILIK SİSTEMİ VE REEL SEKTÖR ÜZERİNE ETKİLERİ


Osman Arıoğlu (TC Maliye Bakanlığı Gelirler Genel Müdürü)

Ahmet Kırman (İş Bankası Yönetim Kurulu Başkanı ve Ankara Üniversitesi)

Güven Sak (TCMB Para Politikası Kurulu Üyesi ve Ankara Üniversitesi)

Ercan Türkan (BDDK Başkan Yardımcısı)

Oktay Varlıer (TÜSİAD Yönetim Kurulu Üyesi ve Ekonomik ve Mali İşler Komisyon Başkanı)

Oturum Başkanı: Hasan Ersel (Yapı Kredi Bankası Genel Müdür Yrd.)

E2 INVITED SESSION: MARXIST PERSPECTIVES ON THE NEW WORLD ORDER


The New Phase of Neoliberalism Gerard Dumenil (CEPREMAP, France)

The Political Economy of New Liberalism in Brazil, 1980-2003

Alfredo Saad-Filho (SOAS, University of London, UK)

The Dynamics of Imperialism in the post-Soviet Period: Towards a Third World War?

Sungur Savran

Convenor: John Milios (National Technical University of Athens, Greece)

E3 NONSTATIONARITY, VAR AND COINTEGRATION Sept 7 / 7 Eylül, 16:00-18:00 Room 3 / Salon 3

A Specification Search Algorithm for Cointegrated Systems

Michal Kurcewicz (Warsaw University, Poland) Jerzy Mycielski (Warsaw University, Poland)

Graphical Models for Structural Vector Autoregressions

Alessio Moneta (Saint Anna School of Advanced Studies, Italy)

Testing for a Random Walk in Random Coefficient Autoregressive Models Walter Distaso (University of Exeter, UK)

Convenor: Nadir Öcal (METU)

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E4 EXCHANGE RATE REGIMES AND MONETARY POLICY Sept 7 / 7 Eylül, 16:00-18:00 Room 4 / Salon 4

A Taylor-type Rule to Assess Monetary Policy in Turkey

Asaf Savaş Akat (İstanbul Bilgi University) M. Ege Yazgan (İstanbul Bilgi University)

The Art of Gracefully Exiting a Peg

Ahmet Atıl Aşıcı (Graduate Institute of International Studies Geneva, Switzerland) Charles Wyplosz (CEPR and Graduate Institute of International Studies Geneva,

Switzerland)

Exchange Rates and Monetary Policy for Turkey Selim Elekdağ (Johns Hopkins University, USA)

Monetary Policy and Transmission Mechanisms in Chile:

Has the Effect of the Monetary Policy Changed in Time? Why? Matías Tapia Gonzalez (Central Bank of Chile, Chile)

Veronica Mies (Central Bank of Chile, Chile)

Convenor: Kürşat Kunter (CBRT)

E5 WELFARE ECONOMICS AND INDUSTRIAL ORGANIZATION Sept 7 / 7 Eylül, 16:00-18:00 Room 5 / Salon 5

Information Presentation and Behavior in Experimental Oligopolies

Özgür Gürerk (University of Erfurt, Germany) Reinhard Selten (University of Bonn, Germany)

Implications of Software Piracy on Social Welfare

Barış Çevik (Boğaziçi University) Gökhan Özertan (Boğaziçi University)

What do Patent Data Reveal? The Case of Turkish Manufacturing Industries

Ümmühan Gökovalı (METU)

Sunk Cost, Entry and Exit Barriers in Malaysian Food Manufacturing Industry Ahmad Zainuddin Abdullah (Univ Putra Malaysia, Malaysia)

Nor Ghani Md Nor (Univ Putra Malaysia, Malaysia)

Measuring Degree of Competition in the U.K. Tea Market: A Dynamic Error Correction Approach

Aydın Çelen (Competition Authority)

Convenor: Güler Aras (Yıldız Technical University)

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E6 ADVANCES IN MATHEMATICAL FINANCE: MODELING RISKS, INVESTMENT AND PORTFOLIO RETURNS


Valuing Corporate Liabilities when Default Threshold is not an Absorbing Barrier Frank Moraux (University of Rennes 1, France)

Multifractal Behaviour of Stock Indices

Massimo Squillante (University of Calabria, Italy) Rosanna Lembo (University of Calabria, Italy)

Aldo Ventre (University of Calabria, Italy)

Effect of Parameter Estimation Errors on Computed Option Prices. Gültekin Büyükyenerel (METU)

Financial Market Model with "Large" Informed Investor

Monique Pontier (Université Paul Sabatier, France) Axel Grorud (Université de Provence, France)

Convenor: Marek Rudkowski (Warsaw University, Poland)

E7 TÜRKİYE EKONOMİSİ: YEREL, BÖLGESEL VE SEKTÖREL DİNAMİKLER Sept 7 / 7 Eylül, 16:00-18:00 Room 7 / Salon 7

İmalat Sanayiinde Bölgesel Gelişmeler (1981-2000)

Malmquist Toplam Faktör Verimliliği İndeksinin Sağladığı Yorum Olanakları Üzerine Bir Değerlendirme İlknur Yavuz (MPM)

Türkiye’de İlçeler Arası Gelir Dağılımını Belirleyen Faktörler

Aytekin Güven (Abant İzzet Baysal Üniversitesi) Ramazan Sarı (Abant İzzet Baysal Üniversitesi)

KOBİ'lerde Liderlik Davranışları: Gaziantep Örneği

Muhsin Halis (Gaziantep Üniversitesi) Mehmet Tekinkuş (Gaziantep Üniversitesi)

Kadın Girişimciliğinin Önündeki Engeller, Mikro ve Küçük İşletmeler

Şemsa Özar (Boğaziçi Üniversitesi)

Türk Tarımı ve Şirketleşme Selim Soydemir (SPK)

Oturum Başkanı: Ayda Eraydın (METU)

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E8 INSTITUTIONS AND LABOUR MARKET PERFORMANCE Sept 7 / 7 Eylül, 16:00-18:00 Room 8 / Salon 8

Evidence on Negative Employment Effects of Minimum Wage in Inflexible Markets:

Part-time Jobs and Female Labor Force Participation in Turkey Orgül Demet Öztürk (University of Wisconsin-Madison, USA)

Exchange Rates and Local Labor Markets in Turkey, 1980-1995

Alpay Filiztekin (Sabancı University)

Tax Policies and Urban Informal Employment: The Turkish Experience Hakan Ercan (METU)

Labor Market Flexibility in Turkey and EU

Şule Özler (University of California Los Angeles, USA) Erol Taymaz (METU)

Convenor: Engelbert Stockhammer (Wirtschaftsuniversitaet Wien, Austria)

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F1-A INVITED LECTURE IN INTERNATIONAL MACROECONOMICS AND FINANCE


Short-Run Pain, Long-Run Gain: The Effects of Financial Liberalization Graciela L. Kaminsky (NBER and George Washington University, USA)

with Sergio L. Schmukler (World Bank)

Convenor: Faik Öztrak (Former Undersecretariat of Treasury)

F1-B INVITED LECTURE IN MONETARY MACROECONOMICS Sept 8 / 8 Eylül, 10:00-10:45 Room 1 / Salon 1

The Importance of Financial Research for Central Banks

Philipp Hartmann (European Central Bank)

Convenor: Şükrü Binay (Deputy Governor, CBRT)

F2 INVITED SESSION: CAPITAL, LABOUR AND VALUE


Capital as a Social Relation George C. Comninel (York University, Canada)

The Debate about the Future of the Work: A Review and Critique

Peter Meiksins (Cleveland State University, USA)

Marx's Value theory Revisited: A 'Value-form' Approach John Milios (National Technical University of Athens, Greece)

Convenor: David McNally (York University, Canada)

F3-A INVITED LECTURE IN ECONOMETRICS Sept 8 / 8 Eylül, 09:00-9:45 Room 3 / Salon 3

Why Pretesting is a Problem?

Jan Erik Magnus (Tilburg University, The Netherlands)

Convenor: Luc Bauwens (Université Catholique de Louvain, CORE, Belgium)

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F3-B INVITED LECTURE IN ECONOMETRICS Sept 8 / 8 Eylül, 10:00-10:45 Room 3 / Salon 3

Some Considerations on the Use of Panel Methods in Testing for Unit Roots and

Cointegration Anindya Banerjee (European University Institute, Italy)

Convenor: Badi H. Baltagi (Texas A&M University, USA)

F4 TÜRKİYE'DE FİNANSAL KRİZLER Sept 8 / 8 Eylül, 09:00-11:00 Room 4 / Salon 4

Türkiye’de Kasım 2000 ve Şubat 2001 Krizlerinin Halka Açık Şirketlere Etkileri

Ali Küçükçolak (İMKB)

Gelişmekte Olan Ülkelerdeki Finansal Krizler: Türkiye, Meksika ve Güney Kore Deneyimlerinin Karşılaştırmalı Bir Analizi

Nilgün Erdem (Ankara Üniversitesi)

Bankacılık Sektöründe Yaşanan Sistemik Risk ve Krizler ile Geliştirilen Risk Yönetimi Uygulamaları ve Mekanizmaları

Murad Kayacan (İMKB) Havana Öngeoğlu (Şekerbank Genel Müdürlüğü)

Esneklik: Kriz Dönemlerindeki Esneklik Uygulamaları Konusunda Bir Alan

Çalışması İsmail Bakan (Kahramanmaraş Sütçü İmam Üniversitesi)

Regaip Baykal (BOSSA) Hakkı Eraslan (Boğaziçi Üniversitesi)

Belirsizlik Altında Yatırım Kararlarında İMKB Örneği

Metin Ustaoğlu (İMKB)

Oturum Başkanı: Naci Canpolat (Hacettepe Universitesi)

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F5 FISCAL POLICY, PUBLIC AND PRIVATE EXPENDITURES Sept 8 / 8 Eylül, 09:00-11:00 Room 5 / Salon 5

Is Public Capital more Productive than Private Capital? Macroeconomic Evidence from Pakistan, 1965-2000

Naveed H. Naqvi (University of Durham, UK)

Dynamic Implications of Fiscal Policy: Crowding out or Crowding In? Faik Bilgili (Erciyes University)

Political Business Cycles in the Turkish Economy: 1977-2001

Yasemin Kuzu (CBRT)

Private Investment and Debt Overhang: The Case of Turkey Burak Gürbüz (Galatasaray University)

Marc Raffinot (University Paris-IX Dauphine, France)

Convenor: Burak Saltoğlu (Marmara University)

F6 EUROPEAN UNION: GROWTH, CONVERGENCE AND ECONOMIC POLICY Sept 8 / 8 Eylül, 09:00-11:00 Room 6 / Salon 6

The Euro Cash Changeover Process

Mikael Stenkula (Lund University, Sweden)

Stabilization Policies for a Small Open Economy in a Monetary Union Rene Torres-Cabral (University of York, UK)

Integration, Productivity Growth and Convergence

Ali M. Kutan (Southern Illinois University Edwardsville and ZEI, USA) Taner Yiğit (Bilkent University)

When can the Candidates Catch up the Members?

A Test of Convergence Hypothesis in the European Union Fuat Erdal (Adnan Menderes University)

Sacit Hadi Akdede (Adnan Menderes University)

Convenor: Bilin Neyaptı (Bilkent University)

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F7 TEKNOLOJİK YENİLİK, REKABET VE FİRMA DAVRANIŞLARI Sept 8 / 8 Eylül, 09:00-11:00 Room 7 / Salon 7

Yoğunlaşma İşlemlerinin Başlangıç Noktası: Kontrol Kavramı ve Türleri

Abdulgani Güngördü (Rekabet Kurumu) Mehmet Akif Kayar (Rekabet Kurumu)

Küreselleşme, Stratejik İttifaklar ve Rekabet Kuralları

Mehmet Yanık (Rekabet Kurumu)

Türk Finans Sektöründe Öğrenen Organizasyon Olmak: T.C. Ziraat Bankasi Örneği Diğde Çalık (Ziraat Bankası) Aysun Özen (Ziraat Bankası)

Teknolojik Yenilik ve Rekabeti Artırmada Yenilik Sistemleri ve Teknoloji Öngörüsü

Ayten Ayşen Kaya (Ege Üniversitesi)

Avrupa Birliği Sürecinde KOBİ’lerin Rekabet Çabaları: Yenilik Stratejisi Mustafa Kurt (Afyon Kocatepe Üniversitesi) Yusuf Topal (Afyon Kocatepe Üniversitesi)

Oturum Başkanı: Yusuf Işık (TBMM)

F8 PENSION SYSTEMS AND PORTFOLIO CHOICE Sept 8 / 8 Eylül, 09:00-11:00 Room 8 / Salon 8

Misinformation and Retirement Wealth:

Re-Estimating the Offset Effect of Pension on Private Wealth Tiziana Brancaccio (University College Dublin, Ireland)

Dynamic Portfolio Effects of Labor Income

Turalay Kenç (Imperial College, UK)

Review of Pension Schemes under Labor Market Asymmetries Renginar Dayangaç (Galatasaray University)

Bilge Öztürk (Galatasaray University)

Reward-Risk Portfolio Selection and Stochastic Dominance Enrico De Giorgi (University of Zurich, Switzerland)

Convenor: Fazeer Sheik Rahim (University of Reading, UK)

KEYNOTE ADDRESS / CBRT LECTURE Sept 8 / 8 Eylül, 11:30-12:15 Kemal Kurdaş Hall

On Currency Collapses and Bank Runs: Argentine Twin Crises [TBC]

Mario Blejer (Director, Centre for Central Banking Studies, Bank of England and Former Governor of the Central Bank of Argentina)

Convenor: Süreyya Serdengeçti (Governor, Central Bank of the Republic of Turkey)

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G0 PANEL TÜRKİYE EKONOMİSİ: KRİZ VE BÜYÜME DİNAMİKLERİ

Sept 8 / 8 Eylül, 13:30-15:30 Kemal Kurdaş Salonu

Süreyya Serdengeçti (TCMB Başkanı)

Ahmet Tıktık (DPT Müşteşarı)

H. İbrahim Çanakçı (Hazine Müşteşarı)

M. Rifat Hisarcıklıoğlu (TOBB Başkanı)

Ersin Özince (Türkiye Bankalar Birliği Başkanı)

Panel Başkanı: Güven Sak (Ankara Üniversitesi, TCMB Para Politikası Kurulu Üyesi)

G2 CAPITAL FLOWS, GLOBALISATION AND FINANCIAL CRISES Sept 8 / 8 Eylül, 13:30-15:30 Room 2 / Salon 2

Turkish Currency Crisis of 2000-1 Revisited

Nazım Ekinci (METU) Korkut Ertürk (University of Utah, USA)

Responding to Financial Crisis with or without IMF: A Comparative Analysis of State – Capital Relations

Galip Yalman (METU) Ergin Yıldızoğlu (METU)

Globalisation and the Role of the State

Turan Subasat (The University of Bath, UK)

Whose money? Multiple Currencies as an Expression of the Crisis of Capital in Argentina

Mariano Féliz (CEIL-PIETTE/CONICET and National University of La Plata (UNLP), Argentina)

Convenor: Giancarlo Marini (University of Rome, Italy)

27

G3 ADVANCES IN MACROECONOMETRICS Sept 8 / 8 Eylül, 13:30-15:30 Room 3 / Salon 3

Non-Parametric Cointegration Test of Purchasing Power Parity in ASEAN-5

Economies Kian-Ping Lim (Universiti Malaysia Sabah, Malaysia)

Modeling Turkish Business Cycles with Markov Switching VAR Model

Burak Saltoğlu (Marmara University) Zeynep Şenyüz (University of Riverside, USA)

Emre Yoldaş (University of Riverside, USA)

Analysis of Structural Change Models with Applications to U.S. Time Series Mohamed Boutahar (GREQAM, Université de la Méditerranée, France)

Jamel Jouini (GREQAM, Université de la Méditerranée, France)

Modelling Seasonality – An Extension of HEGY Approach in the Presence of More Than One Break

Özlem Battal (Newcastle University, UK)

Convenor: Steve Lawford (Brunel University, UK)

G4 ADVANCES IN CORPORATE FINANCE AND INVESTMENT Sept 8 / 8 Eylül, 13:30-15:30 Room 4 / Salon 4

What Determines Financial Conservatism?

Aydın Özkan (University of York, UK)

Informational Asymmetries, Corporate Governance Infrastructure and Foreign Portfolio Equity Investments

Canan Yıldırım (Tilburg University, The Netherlands)

Econometric Models of Financial Dependence and Investment Intensity for Turkish Firms

Çetin Ali Dönmez (ISE) İ. Hakkı Eraslan (Boğaziçi University)

Optimization of Financial Processes and Investments

Bülent Karasözen (METU) Hayri Körezlioğlu (METU)

Stefan Pickl (University of Cologne, Germany) G.Wilhelm Weber (METU)

Convenor: Ike Mathur (Southern Illinois University, USA)

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G5 DEFENCE ECONOMICS I Sept 8 / 8 Eylül, 13:30-15:30 Room 5 / Salon 5

Do Defence Expenditures Increase Debt Rescheduling in Turkey? Probit Model

Approach Erdal Karagöl (Balikesir University)

Selami Sezgin (Pamukkale University)

An Analysis of the Action-Reaction Behaviour in Defense Expenditures of Turkey and Greece

Gülay Günlük-Şenesen (İstanbul University)

Military Expenditure and Economic Growth in Middle Eastern Countries: A Dynamic Panel Data Analysis

Nadir Öcal (METU) Selami Sezgin (Pamukkale University)

Jülide Yıldırım (Gazi University)

Towards a European Defence Union? The Burden Sharing Issue Christos Kollias (TEI of Larissa, Greece)

Convenor: Manas Chatterji (Binghamton University, USA)

G6 ELECTRICITY MARKETS: THEORY AND INTERNATIONAL EVIDENCE Sept 8 / 8 Eylül, 13:30-15:30 Room 6 / Salon 6

Forecast Errors and Efficiency in the US Electricity Futures Market

Gülay Avşar (Monash University, Australia) Barry A. Goss (Monash University, Australia)

Pricing Structures in the Deregulated UK Electricity Market

Evens Salies (City University, UK) Catherine Waddams Price (Centre for Competition and Regulation,

University of East Anglia, UK)

Application of Generalized Long Memory Processes to Electricity Prices Sandro Sapio (Saint Anna School of Advanced Studies, Italy)

Transformation of the Turkish Electricity Sector: A Simulation-based Analysis

Serdal Bahçe (METU)

Convenor: Baha Karabudak (Competition Authority)

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G7 FINANCIAL ASSET RETURNS: THEORY AND EVIDENCE Sept 8 / 8 Eylül, 13:30-15:30 Room 7 / Salon 7

The Implied Market Parameters of the Yield Curve

Paul Bekker (University of Groningen, The Netherlands)

Patience Extracts Sugar From a Lemon: Buy and Hold with a Classifier System in the Istanbul Securities Exchange

Hakan Aksoy (Boğaziçi University and Koç Portföy) İsmail Sağlam (Boğaziçi University)

Conditional Correlation in Stock Market and FX Returns - Implications in Finance

Oral Erdoğan (Istanbul Bilgi University) Harald Schmidbauer (Istanbul Bilgi University)

Empirical Testing of Bidder Behavior in Treasury Auctions

Rasim Özcan (Boston College, USA)

Convenor: Aysu İnsel (Marmara University)

G8 FEMALE LABOUR FORCE PARTICIPATION Sept 8 / 8 Eylül, 13:30-15:30 Room 8 / Salon 8

Labor Market Turkey: A look at the Supply Side

Seyfettin Gürsel (Galatasaray University) Haluk Levent (Galatasaray University) Enver Taştı (State Institute of Statistics)

Arzu Yörükoğlu-Erakat (State Institute of Statistics) Ayla Saygılı-Erçevik (State Institute of Statistics)

Pelin Tercan (State Institute of Statistics)

Some Observations on the Limited Participation of Women in Urban Labor Market in Turkey

Yıldız Ecevit (METU)

Are Married Women in Turkey More Likely to Become Added or Discouraged Workers?

Cem Başlevent (Bilgi University) Özlem Onaran (Istanbul Technical University)

Women's Reasons for Leaving Their Last Job and

Their Labor Force Participation in Turkey, 2000-2002 Aysıt Tansel (METU)

Arzu Yörükoğlu-Erakat (State Institute of Statistics)

Convenor: Meltem Dayıoğlu (METU)

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H1-A INVITED LECTURE IN AGRICULTURAL ECONOMICS Sept 8 / 8 Eylül, 16:00-16:45 Room 1 / Salon 1

Intellectual Property Rights and the Distribution of Gains from Agricultural Research

Richard S. Gray (University of Saskatchewan, Canada) with

Stavroula Malla (University of Saskatchewan, Canada) Kien Tran (University of Saskatchewan, Canada)

Convenor: Erol Çakmak (METU)

H1-B INVITED LECTURE IN AGRICULTURAL ECONOMICS Sept 8 / 8 Eylül, 17:00-17:45 Room 1 / Salon 1

The Effect of FDI on Agriculture and Food Trade: An Empirical Analysis

Hartley W. Furtan (University of Saskatchewan, Canada)

Convenor: Halis Akder (METU)

H2 INVITED SESSION: REVISITING MACROECONOMICS IN THE AGE OF FINANCE


II.Kuşak Yapısal Uyum Programları ve AK Parti İktidarı: Sermayenin Küresel Sosyal Evrenine Uyum Sürecinde Sınıfsal Açmazlar

Fuat Ercan (Marmara Üniversitesi)

Türkiye’de Finansal Birikim Modelinin İki Yüzü: Büyüme ve İstikrarsızlık? Sinan Sönmez (Atılım Üniversitesi)

IMF Destekli Programların Sosyal Maliyetleri

Oğuz Esen (İzmir Ekonomi Üniversitesi)

Türkiye Politik Ekonomisinde Etkin Devlet Tartışması Ahmet Öncü (Sabancı Üniversitesi)

Ahmet Murat Fiş (Sabancı Üniversitesi) Mehmet Berk Talay (Sabancı Üniversitesi)

Oturum Başkanı: Ali Bilge (İktisat, İşletme ve Finans Dergisi)

31

H3-A INVITED LECTURE IN MONETARY MACROECONOMICS Sept 8 / 8 Eylül, 16:00-16:45 Room 3 / Salon 3

Unique and Stable Equilibria with Forward-Looking Rules in a Euro Area-US Two

Country Model Nicoletta Batini (Bank of England, UK)

with Paul Levine (University of Surrey, UK)

Joe Pearlman (London Guildhall University, UK)

Convenor: Fatih Özatay (Deputy Governor, CBRT)

H3-B INVITED LECTURE IN INTERNATIONAL CORPORATE FINANCE


Multinational Corporate Financing and Foreign Exchange Parity Relations Ike Mathur (Southern Illinois University, USA)

with (University of Nottingham, Nottingham, UK)

Convenor: Aydın Özkan (York University, UK)

H4 INTERNATIONAL TRADE AND INTEGRATION: THEORY AND EMPIRICS Sept 8 / 8 Eylül, 16:00-18:00 Room 4 / Salon 4

Has European Customs Union Agreement Really Affected Turkey's Trade?

Bilin Neyaptı (Bilkent University) Fatma Taşkın (Bilkent University) Murat Üngör (Bilkent University)

Determinants of Intra-Industry Trade in Intermediate Goods between the US and

OECD Countries Kemal Türkcan (North Carolina State University, USA)

On the Pattern of Trade in a Multi-country Economy

Bas Straathof (MERIT- Maastricht University, The Netherlands)

The Competitiveness of Croatian Exporters at the European Market Lorena Škuflić (University of Zagreb, Croatia)

Convenor: Güzin Erlat (METU)

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H5 ECONOMIC THEORY AND METHODOLOGY Sept 8 / 8 Eylül, 16:00-18:00 Room 5 / Salon 5

The Representative Agent, Realism and Economic Methodology

John Lewis (Cardiff University, UK)

Samuelson’s ‘Curious Case’ Reconsidered: It Turns out to be Normal William Bryant (Macquarie University, Australia)

Lucas Critique and the Thesis of "Microfoundations"

Rojhat Berdan Avşar (Hacettepe University)

Endogenous Growth Theory versus Neoclassical Growth: A Critical Assessment Mehmet Ağca (University of London SOAS, UK)

Convenor: Sheila Pelizzon (METU)

H6 FINANCIAL SYSTEMS AND MONETARY POLICY: THE INTERNATIONAL EVIDENCE


The Inflationary Consequences of a Currency Changeover: Evidence from the Michelin Red Guide

Fabrizio Adriani (University of Rome, Italy) Giancarlo Marini (University of Rome, Italy)

Pasquale Scaramozzino (University of Rome, Italy)

A Bank without Bankers Katalin Ferber (Comparative Economic Systems, Japan)

Effects of WTO Accession on Croatian Financial System

Marijana Ivanov (University of Zagreb, Croatia) Nika Sokol Knjaz (University of Zagreb, Croatia)

The Integration of Banking and Industrial Capital in Turkey

Derya Gültekin-Karakaş (University of Sydney, Australia and ITU)

Convenor: Elif Akbostancı (METU)

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H7 CAPITAL MARKETS, FOREIGN AID AND GROWTH Sept 8 / 8 Eylül, 16:00-18:00 Room 7 / Salon 7

The Effects of Volatility on Growth through Capital Market Imperfections

Ahmet Aysan (University of Maryland, USA) The Sequential Causality among Institutional Investors, Stock Market Development

and Economic Growth: The Case of OECD Countries Güler Aras (Yıldız Technical University) Alövsat Müslümov (Doğuş University)

Local Financial Development and the Aid-Growth Relationship

Mwanza Nkusu (IMF, USA) Selin Sayek (IMF, USA)

Foreign Aid: Where is Your Money?

A Two-Sector Model Spelling out a Simple Response Raul Fuentes (IRES, Universite Catholique de Louvain, Belgium)

Capital Stock Contribution to the Productivity of the Argentine Economy During the

1990's: A Hedonic Valuation Approach Ariel Alberto Coremberg (Ministry of Economy, Argentina)

Convenor: D. Şirin Saraçoğlu (University of Minnesota, USA)

H8 LABOUR MARKET: UNEMPLOYMENT, DISCRIMINATION AND POVERTY Sept 8 / 8 Eylül, 16:00-18:00 Room 8 / Salon 8

Maori Disadvantage in the Labour Market

Robert Alexander (University of Otago, New Zealand) Murat Genç (University of Otago, New Zealand)

Mohammad Jaforullah (University of Otago, New Zealand)

Explaining European Unemployment: Testing the NAIRU hypothesis and a Keynesian Approach

Engelbert Stockhammer (Wirtschaftsuniversitaet Wien, Austria)

Technical Instruments and Conceptual Definitions: Theoretical and Practical Implications of the Change on the Definition of Unemployment in Colombia

Juan Carlos Guataqui (Universidad del Rosario, Colombia)

Understanding Poverty Dynamics in Uganda: How Important is Health? David Lawson (University of Nottingham, UK)

Convenor: Ellen Brock (National University of Ireland, Ireland)

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I1 INVITED LECTURE IN OPEN ECONOMY MACROECONOMICS Sept 9 / 9 Eylül, 10:00-10:45 Room 1 / Salon 1

The Simple Geometry of the New Open-Economy Macroecononomics

Paolo Pesenti (Federal Reserve Bank of New York, USA)

Convenor: Fatma Taşkın (Bilkent University)

I2 INVITED SESSION: THE IMPERIAL ECONOMY Sept 9 / 9 Eylül, 09:00-11:00 Room 2 / Salon 2

World Money and Inter-imperialist Rivalries

David McNally (York University, Canada)

Governance of the Global Economy: National, Global, or Imperial? Hannes Lacher (Eastern Mediterranean University, N. Cyprus)

Convenor: George C. Comninel (York University, Canada)

I3 MONETARY POLICY AND TRANSMISSION MECHANISMS: THEORY AND EMPIRICS


Disaggregate Modelling at Asymmetric Reactions to Monetary Shocks Juan de Dios Tena Horrillo (University of Newcastle, UK)

Inventory Investment, Financial Mix and Monetary Policy in UK Manufacturing:

A Microeconomic Analysis Cihan Yalçın (The University of Nottingham, UK and CBRT)

The Optimal Reserve Behavior for Turkey

K. Azim Özdemir (University of Sheffield, UK)

The Inflation Tax in a Cash-in-Advance Model with Variable Velocity Neil Arnwine (Bilkent University)

Bedriye Çubuk Cicioğlu (Bilkent University)

Convenor: Özge Şenay (METU)

35

I4 CURRENT ISSUES IN PUBLIC FINANCE AND FISCAL POLICY Sept 9 / 9 Eylül, 09:00-11:00 Room 4 / Salon 4

Aid, Debt Burden and Government Fiscal Behaviour:

A New Model Applied to Cote d'Ivoire Osman Ouattara (Manchester University, UK)

Mark McGillivray (WIDER, United Nations University, Finland)

The Impact of Fiscal Decentralisation on the Size of Public Sector and Economıc Growth in Turkey

Muhsin Kar (Kahramanmaraş Sütçü İmam University) İsa Sağbaş (Afyon Kocatepe University)

Hüseyin Şen (Afyon Kocatepe University)

Monetary versus Fiscal Dominance in the Baltic States Dalia Grigonyte (Center for European Integration Studies, Germany)

The Effects of International Openness on the Public Sector Growth

Ali R. Özdemir (Balikesir University)

Convenor: Serap Türüt-Aşık (METU)

I5 DEFENCE ECONOMICS II


An Econometric Analysis of the Effects of Aggregate Defense Spending on Aggregate Output:

The Case of Turkey, 1950-2002 Ferda Halıcıoğlu (University of Greenwich, UK)

The Effect of the Military Expenditure on Growth in Turkey Between the Period

1950-2000 Kayan Uras (Oxford University, UK)

The Goal Programming Model for Turkish Military Expenditures, Economic

Growth and Inflation Sibel Duman (Gazi University)

Arms Race and Economic Growth: Case of India and Pakistan

Nadir Öcal (METU) Jülide Yıldırım (Gazi University)

Convenor: Gülay Günlük-Şenesen (Istanbul University)

36

I6 FINANCIAL POLICIES, CORPORATE GOVERNANCE AND INDUSTRIAL PERFORMANCE


Entrepreneurial Information Search Practice in Turkey Dilek Çetindamar (Sabancı University) Ahmet Murat Fiş (Sabancı University)

The Corporate Governance Perspective in View of Related Recent International

Developments Yusuf Işık (Grand National Assembly of Turkey)

Productivity and Efficiency Spillovers for Developing Economies Generated by the

Affiliation of Multinational Firms: The South African Economy as a Case Study G. Van Zyl (Rand Afrikaans University, South Africa)

Does Foreign Direct Investment Improve the Productivity of Firms in Turkey?

Sema Bayraktar Tür (Kocaeli University)

Small Firm Loan Guarantee Scheme Finance ‘Additionality’ and Economic Effects: Case of Jordan

Maher Al-Mahrouq (The Hashemite University, Jordan) Mohammad Ali Feizpour (University of Newcastle, UK and University of Yazd, Jordan)

Colin Wren (University of Newcastle, UK)

Convenor: Canan Yıldırım (Tilburg University, The Netherlands)

I7 KÜRESELLEŞME, KALKINMA VE İNSAN Sept 9 / 9 Eylül, 09:00-11:00 Room 7 / Salon 7

Hizmet Ticareti Genel Anlaşması (GATS) ve Öğretim Hizmetleri

Özer Erdoğan (ITU) Lerzan Özkale (ITU)

Finansal Küreselleşme ve Çevre Ülkelerin Durumu

Tahsin Bakırtaş (Sakarya Üniversitesi) Sohbet Karbuz (Uluslararası Enerji Ajansı, Fransa)

Demokrasi - İktisadî Özgürlük - Siyasi İstikrar Üçgeni Bağlamında Türkiye’nin

Ekonomik Özgürlük Endeksi Açısından Yeri Nihal Mızrak Yıldırım (İnönü Üniversitesi)

Kalkınma Sürecinin Temel Belirleyicileri: Türkiye Açısından Bir Değerlendirme

Meltem Taylan (TBMM)

1945‘den 2000’lere Söylem ve Gerçeklik Arasında “Kalkınma”nın Halleri Mehmet Türkay (Marmara Üniversitesi)

Oturum Başkanı: Fatma Doğruel (Marmara University)

37

I8 STRUCTURAL ADJUSTMENT AND LABOUR MARKET OUTCOMES Sept 9 / 9 Eylül, 09:00-11:00 Room 8 / Salon 8

General vs. Vocational Secondary School Choice and Labor Market Outcomes in

the 80s and 90s Didem Sezer (State Institute of Statistics)

İnsan Tunalı (Koç University)

The Effect of Export-Oriented Growth on Female Labor Market Outcomes Cem Başlevent (Bilgi University)

Özlem Onaran (Istanbul Technical University)

Falling Behind While Catching Up: Changes in the Female-Male Wage Differential in Urban Turkey, 1988 to 1994

Meltem Dayıoğlu (METU) İnsan Tunalı (Koç University)

Convenor: Haluk Levent (Galatasaray University)

J1 INVITED LECTURE IN MONETARY MACROECONOMICS Sept 9 / 9 Eylül, 11:30-12:15 Room 1 / Salon 1

Growth and Inflation in Brazil: Economic Policy in a Highly Indebted Country

Eliana Cardoso (University of Sao Paulo, Brasil)

Convenor: Ercan Uygur (Ankara University)

J2 INVITED LECTURE IN POLITICAL ECONOMY Sept 9 / 9 Eylül, 11:30-12:15 Room 2/ Salon 2

The Legacy of Karl Polanyi,

Prospects for the World Economy: Lessons of the 1930s Kari Polanyi-Levitt (McGill University and Karl Polanyi Institute of Political Economy,

Canada)

Convenor: Erinç Yeldan (Bilkent University)

J3 INVITED LECTURE IN ECONOMIC THEORY Sept 9 / 9 Eylül, 11:30-12:15 Room 3 / Salon 3

Modeling Parental Control over Teenage Risk-Taking Behavior:

Applications of Game and Information Theories

V. Joseph Hotz (NBER and University of California Los Angeles, USA)

Convenor: Erdem Başçı (Bilkent University)

38

K1 PANEL: FORMULATION OF THE NATIONAL STRATEGY FOR EMPLOYMENT IN TURKEY


Seyfettin Gürsel (Galatasaray University)

Haluk Levent (Galatasaray University)

Nejdet Kenar (İŞKUR)

Erol Taymaz (METU)

Convenor: İnsan Tunalı (Koç University)

K2/L2 OPEN FORUM ON RADICAL POLITICAL ECONOMICS:

GLOBALISATION AND IMPERALISM: WHAT IS TO BE DONE? Sept 9 / 9 Eylül, 13:30-18:00 Room 2 / Salon 2

Discussants

Aijaz Ahmad (York University, Canada)

Erdoğan Bakır (METU and Utah University, USA)

George C. Comninel (York University, Canada)

Gerard Dumenil (CEPREMAP, France)

Hannes Lacher (Eastern Mediterranean University)

Henry C.K. Liu (Liu Investment Group, USA)

David McNally (York University, Canada)

John Milios (National Technical University of Athens, Greece)

Alfredo Saad-Filho (SOAS, University of London, UK)

Cem Somel (METU)

Nail Satlıgan (İstanbul University)

Ellen Meiksins Wood (York University, Canada)

Galip Yalman (METU)

Convenors: Al Campbell (University of Utah, USA) and Sungur Savran

39

K3 RISKS IN THE BANKING SYSTEM: THE TURKISH EVIDENCE Sept 9 / 9 Eylül, 13:30-15:30 Room 3 / Salon 3

Decomposition of Bank Risks under International Overborrowing:

The Case of Turkey Dündar Murat Demiröz (İstanbul University)

Gökhan Karabulut (İstanbul University)

Liquidity Risks in Banking Sector: A Ratio Analysis Applied to Turkish Commercial Banks

Hande Ayaydın (METU) Esma Gaygısız (METU)

The Determinants of Investors Risk Taking Behaviour

Özcan Kılıç (İstanbul University) Ahmet Köse (İstanbul University)

Mahmut Paksoy (İstanbul University)

Measuring Credit Risk of a Corporate Loan Portfolio of a Bank Using Advanced Internal Ratings Base Approach

Barış Akçay (Istanbul Technical University) Suat Teker (Istanbul Technical University)

Mustafa Turan (Istanbul Technical University)

Convenor: Coşkun Küçüközmen (BRSA)

K4 MONETARY POLICY, INFLATION AND EXCHANGE RATES Sept 9 / 9 Eylül, 13:30-15:30 Room 4 / Salon 4

Does "Inflation Targeting" Reduce Inflation Uncertainty:

Evidence from Five Industrialized Countries Burak Ertürk (Bilkent University) Ümit Özlale (Bilkent University)

Liability Substitution and the Choice of Exchange Rate Regime: The Case of Turkey

Mehmet Kerim Gökay (Boğaziçi University) Emin Karagözoğlu (Boğaziçi University)

Currency Substitution When Domestic Currency is Sole Legal Tender

Veronika Movchan (Institute for Economic Research and Policy Consulting, Ukraine) Volodymyr Shportyuk (University “Kyiv-Mohyla Academy”, Ukraine)

Cross Fertilization of Monetary and Fiscal Policy in Case of Turkey

Zahoor Hussain Javed (Hacettepe University) Ahmet Şahinöz (Hacettepe University)

Convenor: Nur Keyder (METU)

40

K5 GROWTH AND INDUSTRIALISATION DYNAMICS Sept 9 / 9 Eylül, 13:30-15:30 Room 5 / Salon 5

An Input Output Analysis of Structural Change in the Turkish Economy

Gül İpek Tunç (METU)

An Analysis of CNBC-e Consumer Confidence Index: Implications for Domestic Demand in Turkish Economy

Erhan Aslanoğlu (Marmara University) Sadullah Çelik (Marmara University) Hurşit Güneş (Marmara University)

Erratic Growth cum Weak Human Capital in an Open Economy:

An Empirical Study of Education and Development in Turkey Aydın Çeçen (Central Michigan University, USA)

Fatma Doğruel (Marmara University) Suut Doğruel (Marmara University)

Long Live Fenerbahçe: Production Boosting Effects of Soccer in Turkey

Hakan Berument (Bilkent University) Eray M. Yücel (CBRT)

Convenor: Zafer Yavan (TÜSİAD)

K6 CAPITAL FLOWS, ASSET RETURNS AND FINANCIAL CRISES Sept 9 / 9 Eylül, 13:30-15:30 Room 6 / Salon 6

An Empirical Analysis of Foreign Traders and Their Portfolio Performances and the Effects of Foreign Capital Flow on Market Dynamics in the Istanbul Stock Exchange

Equity Market Çetin Ali Dönmez (İstanbul Stock Exchange and Boğaziçi University)

Fatih Kiraz (Boğaziçi University)

Capital Inflows and the Real Exchange Rate in Turkey : Is There a Boom-Bust Financial Cycle?

Mehmet Tuncel (University of Nantes, France)

Short Term Capital Mobility and Financial Crises under Asymetric Risk and Return Conditions

Aslı Bayar (Çankaya University) Alövsat Müslümov (Doğuş University)

On the Causal relationship between Stock Prices and Exchange Rates:

Evidence from the MENA Region Lokman Gündüz (Beykent University)

Abdülnasser Hatemi-J. (University of Skövde, Sweden)

Convenor: Nazım Ekinci (METU)

41

K7 TÜRKIYE EKONOMISI: FINANSAL VE REEL DINAMIKLER Sept 9 / 9 Eylül, 13:30-15:30 Room 7 / Salon 7

Türkiye’de Sosyal Güvenlik Sisteminin Bireysel Tasarruflar Üzerindeki Etkisi

Mahir Fisunoğlu (Çukurova Üniversitesi) Berna Balcı İzgi (Çukurova Üniversitesi)

Dışalıma Bağımlılığın Ne Kadarı Fiyat Değişmelerine, Ne Kadarı Yapısal

Değişmelere Bağlı? Gülay Günlük-Şenesen (İstanbul Üniversitesi)

Eren Ocakverdi (ITU) Ümit Şenesen (ITU)

Konsolide Bütçe Gelir ve Gider Tahminlerinin Gerçekleşmelere Göre Güvenilirlik

Düzeyi H. Hakan Yılmaz (DPT)

Türkiye’de Cari Reel Döviz Kurunun Uzun-Dönem Denge Değerinden Sapmaları

Aykut Kibritçioğlu (Ankara Üniversitesi) Bengi Kibritçioğlu (Hazine Müsteşarlığı)

Oturum Başkanı: Hakan Özyıldız ((Hazine Müsteşarlığı)

K8 EUROPEAN UNION AND TURKEY Sept 9 / 9 Eylül, 13:30-15:30 Room 8 / Salon 8

Cost and Benefit Analysis for Turkey's Possible Integration with

European Monetary Union Evrim Turgutlu (Dokuz Eylül University)

The Economic Impact of the Fifth Enlargement of the European Union on Turkey

and Central and Eastern European Countries Gülsüm Yazgan Arıkan (Undersecretariat of Treasury)

How to Situate the Turkish Economy among the European Union Economies?

An Exploratory Analysis Ayça Akarçay-Gürbüz (Galatasaray University)

Corrine Perraudin (Université Paris I, SAMOS, and EUREQua, France)

The Political Economy of Turkey's Accession Process to the EU: Lessons Learned, Challenges and Prospects

Panayotis Posporelis (Democritus University of Thrace, Greece) Pantelis Sklias (Democritus University of Thrace, Greece)

Convenor: Serap Palaz (Balikesir University)

42

L1 COSTS AND BENEFITS OF FINANCIAL LIBERALISATION AND INTEGRATION


Evaluating the Success of Malaysia's Exchange Controls (1998-99) S.M. Ali Abbas (Oxford University, UK)

The Impact of Trade Liberalisation on Developing Economies: A Comparative Study

Nevzat Evrim Önal (Istanbul Technical University) Lerzan Özkale (Istanbul Technical University)

Financial Integration and Business Cycles: The Impacts of Credit Market on the

Volatility of Consumption and Investment in Turkey Seda Gündüz (Marmara University)

Aysu İnsel (Marmara University) Mehmet Ali Soytaş (Marmara University)

Common Cycles and Common Trends in Turkey:

An Empirical Investigation for Financial Liberalization Period Mustafa Nedim Süalp (Marmara University)

Convenor: Suut Doğruel (Marmara University)

L3 BANKING SYSTEMS: FRAGILITY, EFFICIENCY AND REGULATION Sept 9 / 9 Eylül, 16:00-18:00 Room 3 / Salon 3

Interactions in Boardroom: Implications on Financial Fragility

Ömür Süer (Galatasaray University) Sibel Yamak (Galatasaray University)

Cost Efficiency in Latin American and Caribbean Banking Systems

Oscar Carvallo (Venezuelan Banking Association, Venezuela) Adnan Kasman (Dokuz Eylül University)

Evolving Market Efficiency of Turkish Banks and Bank Supervision

Selçuk Caner (Bilkent University) A. Ece Ungan (Alternatif Bank A.Ş)

Macroeconomic Policies and Tendency of Riskiness in Turkish Banking Sector

Süleyman Değirmen (Mersin University) Feride Öztürk (Mersin University)

Convenor: Çiğdem İzgi Koğar (CBRT)

43

L4 INFLATION AND EXCHANGE RATE PASS-THROUGH Sept 9 / 9 Eylül, 16:00-18:00 Room 4 / Salon 4

International Price Transmission and Market Integration:

The Case of a Small Open Economy Sebastian Fossati (Universidad de la República, Uruguay)

Fernando Lorenzo (Centro de Investigaciones Económicas (CINVE), Uruguay) Cesar Rodriguez (Universidad de la República, Uruguay)

Exchange Rate Exposure of Price-Takers: Firm-Level Evidence From the Turkish

Manufacturing Turan Erol (Başkent University)

Ayhan Algüner (Başkent University) Güray Küçükkocaoğlu (Başkent University)

Modelling and Forecasting Turkish Inflation with Time Series Models:

A Disaggregated Approach Hande Küçük (CBRT) Burç Tuğer (CBRT)

Exchage Rate Pass – Through on CPI

Dejan Miljkovic (University of Belgrade, Yugoslavia)

An Analysis of Private Manufacturing Inflation Expectations Ercan Karadaş (CBRT)

Fethi Öğünç (CBRT)

Convenor: Hakan Berument (Bilkent University)

44

L5 TÜRKİYE EKONOMİSİ: SEKTÖREL YAPILAR, REKABET VE İŞSİZLİK Sept 9 / 9 Eylül, 16:00-18:00 Room 5 / Salon 5

Türkiye’nin Uluslararası Endüstri-İçi Ticareti

Hayriye Atik (Erciyes Üniversitesi) Sevgi Sezer (Erciyes Üniversitesi)

Türkiye'nin Rekabet Dinamikleri:

Tekstil ve Konfeksiyon Sektörü Rekabet Gücünün Karşılaştırmalı Analizi N. Oğuzhan Altay (Ege Üniversitesi) Aydanur Gacener (Ege Üniversitesi)

Uluslararası ve Yurtiçi Türk Reel Sektör Firmalarının Sermaye Yapısı

Özgür Arslan (Hacettepe Üniversitesi) Halit Gönenç (Hacettepe Üniversitesi)

Etkin Ücret Teorileri: Türk İmalat Sanayi Uygulaması

Hüseyin Güler (Gazi Üniversitesi) Bilge Köksel (Çukurova Üniversitesi) Ebru Özgür (Çukurova Üniversitesi)

Emek Piyasasında Histeresiz Yaklaşımının Testi

Melike Bildirici (Yıldız Teknik Üniversitesi) Murat Donduran (Yıldız Teknik Üniversitesi)

Oturum Başkanı: Şemsa Özar (Boğaziçi Üniversitesi)

45

L6 STOCK MARKET VOLATILITY AND RETURNS: INTERNATIONAL EVIDENCE


A Wavelet Analysis of the Stock Price-Volume Relationship Mehmet Balcılar (Kyrgyz-Turkish Manas University, Kyrgyzstan)

Murad Kayacan (ISE)

The Size Reversal in the U.S. Stock Returns: New Evidence Using a Dynamic Market Model Approach

Samer A.M. Al-Rjoub (Hashimite University, Jordan) M. Kabir Hassan (University of New Orleans, USA)

The Status of Turkish Capital Market against the European Community Capital

Markets: A Comparison in the light of Integration Prospects Mehmet Civan (Gaziantep University) Mustafa Uğurlu (Gaziantep University)

The Portfolio Selection Approach for Instutional Investors After the Probable

Integration of European and Turkish Capital Markets Murad Kayacan (ISE)

S. Ozan Tüzünalper (ISE)

Modeling and Forecasting Financial Time Series, Comparison of Forecasting Ability of Neural Networks, Genetic Programming and Econometric

Methods Faiza Ather (Lahore University of Management Sciences, Pakistan) M.M Awais (Lahore University of Management Sciences, Pakistan) Asim Karim (Lahore University of Management Sciences, Pakistan)

Mohammad Ali Farid Khwaja (Lahore University of Management Sciences, Pakistan) Omer Shaikh (Lahore University of Management Sciences, Pakistan)

Umair Hasan Siddiqui (Lahore University of Management Sciences, Pakistan)

Convenor: Gültekin Büyükyenerel (METU)

46

L7 CURRENT ACCOUNT DYNAMICS AND EXCHANGE RATES: THE TURKISH EVIDENCE


Dynamics of the Current Account of the Balance of Payments in Turkey Yelda Yücel (Yapı Kredi Bank)

Foreign Trade Equations of Turkey:

Gravity, Customs Union and Free Trade Agreements-An Econometrical Approach Ebru Arısoy (Undersecretariat of Foreign Trade) Güzin Bayar (Undersecretariat of Foreign Trade)

Özgür Çalışkan (Undersecretariat of Foreign Trade)

The Effect of Exchange Rate on Turkish Agriculture: An Example of Sunflower Oil Aydın Başarır (Louisiana State University, USA, and Gaziosmanpasa University)

Selahattin Bekmez (University of Idaho, USA, and Mugla University) Abdulbaki Bilgiç (Oklahoma State University, USA, and Harran University)

The Dynamics of Exchange Rate in Turkey: 1987- 2002

Sami Keşkek (Fatih University) Mehmet Orhan (Fatih University)

Convenor: Gül İpek Tunç (METU)

L8 LABOUR ECONOMICS, UNEMPLOYMENT AND EDUCATION Sept 9 / 9 Eylül, 16:00-18:00 Room 8 / Salon 8

Skill Obsolescence and Brain Drain: A Model of Student Non-Return

Nil Demet Güngör (METU)

Returns to Education in Turkey: 1994-2000 Fatma Bircan (METU) Aysıt Tansel (METU)

International Trade and Labor Demand Elasticities: Evidence from Turkey

Burça Kızılırmak (Ankara University) Hasan Şahin (Ankara University)

Political Economy of Insecurity:

An Analysis of Turkey’s Labour Legislation Ali Murat Özdemir (Abant İzzet Baysal University)

Gamze Yücesan Özdemir (Abant İzzet Baysal University)

Convenor: Hakan Ercan (METU)

erc/METU INTERNATIONAL CONFERENCE IN ECONOMICS VII · erc/METU INTERNATIONAL CONFERENCE IN ECONOMICS VII September 6 - 9, 2003, Ankara erc/ODTÜ ULUSLARARASI EKONOMİ KONGRESİ ...

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