Muhammed Benli

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Papers by Muhammed Benli

Asymmetric Effect of Income on the Healthcare Expenditure in Türkiye

Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi dergisi, Feb 20, 2024

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Testing obesity Kuznets curve for Türkiye

Obesity medicine, May 1, 2024

Political, Economic, Cultural, and Demographic Determinants of Regional Public Investments in Türkiye

Bilecik Şeyh Edebali Üniversitesi Sosyal Bilimler Enstitüsü Dergisi

Sosyo-ekonomik kalkınmaya doğrudan etki edebilecek kamu yatırımlarını belirleyen temel dinamikler... more Sosyo-ekonomik kalkınmaya doğrudan etki edebilecek kamu yatırımlarını belirleyen temel dinamiklerin ve motivasyon kaynağının tespiti, ulusal ve yerel kalkınma stratejilerinin başarısı için kilit bir role sahiptir. Nitekim kamu yatırımlarını belirleyen faktörlerin anlaşılması, kamu yatırımlarına ayrılması gereken fon miktarının ve öncelenmesi gereken yatırımların tespitinde büyük bir önem arz etmektedir. Bu çerçevede, mevcut çalışmanın amacı, Türkiye örneğinde bölgesel kamu yatırımlarını belirleyen ekonomik, politik, kültürel ve demografik faktörleri, 2004 – 2018 dönemi verilerini kullanarak tespit etmektir. Panel veri analizinden elde edilen bulgular, kişi başına gelirin kamu yatırımları üzerindeki etkisinin pozitif; ancak istatistiksel olarak anlamsız olduğunu göstermektedir. Regresyon sonuçları, istatistiksel etki minimal düzeyde olmak üzere, nüfus yoğunluğunun düşük ve tarımsal üretimin ağırlıkta olduğu illerin kamu yatırımlarını çekmede nispeten daha avantajlı olduğunu göstermek...

Asymmetric Pass-Through of Oil Prices to Consumer Prices Inflation in Türkiye

DergiPark (Istanbul University), Jul 7, 2023

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Türkiye’de Dış Borç Yükü – İktisadi Büyüme Bağlantısı

THE EFFECT OF R&D EXPENDITURES ON ECONOMIC GROWTH IN THE SAMPLE OF OECD COUNTRIES

DergiPark (Istanbul University), Mar 1, 2023

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Economic Complexity and Its Effect on Economic Growth in Turkey

İzmir İktisat Dergisi

1980’li yıllarda ortaya çıkan küreselleşme süreci ile birlikte ülkeler, ithal ikameci politikalar... more 1980’li yıllarda ortaya çıkan küreselleşme süreci ile birlikte ülkeler, ithal ikameci politikaları terk ederek serbest ticaret ve dışa açık politikaları benimsemeye başlamışlardır. Böylelikle ülke ekonomilerinin dış ticaret yapıları bir dönüşüm süreci içerisine girmiş ve rekabet, küresel boyuta taşınmıştır. Bu durum, ülke ekonomilerinin zamanla yüksek teknolojili ürün ihracatı, ürün çeşitliliği ve yüksek beceri düzeyi ihtiyaçlarının artmasına sebep olmuş ve dolayısıyla süreç, görece daha kompleks ekonomilerin ortaya çıkmasıyla sonuçlanmıştır. Bu kapsamda, mevcut çalışmada, Türkiye’de ekonomik kompleksitenin ekonomik büyüme üzerindeki etkisi, 1995 – 2019 dönemine ilişkin zaman serisi verileri kullanılarak tespit edilmeye çalışılmıştır. Bu amaçla; GSYİH, yurt içi yatırımlar, toplam iş gücü ve ekonomik kompleksite arasındaki eşbütünleşme ilişkisi ve ekonomik kompleksitenin iktisadi büyüme üzerindeki etkisinin tespitine yönelik olarak, otoregresif gecikmesi dağıtılmış (ARDL) sınır testi...

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Uluslararası Rezervlerin Gelişme Yolundaki Ekonomilerde Ekonomik Büyüme Üzerindeki Uzun Dönem Etkisi

Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi

This paper attempts to empirically investigate the effect of international reserves growth on eco... more This paper attempts to empirically investigate the effect of international reserves growth on economic growth in the long-run in 41 developing countries over the period 1970-2019. For this purpose, we employ the CS-ARDL and CS-DL estimators to take into account heterogeneity and cross-sectional dependence that may present in our panels, as well as the DFE and MG estimators which are the traditional panel data estimators. The empirical evidence confirms the deteriorating impact of inflation and the significant positive effect of international reserves on the long-run economic growth in the selected sample of countries.

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Does Governance Matter for Foreign Direct Investment? A Comparative Analysis

DergiPark (Istanbul University), Aug 11, 2022

Orta Gelirli ve OECD Üyesi Ülkelerde Doğrudan Yabancı Yatırımlar ve Kirlilik

Balkan Sosyal Bilimler Dergisi

This study reexamines the impact of foreign direct investment inflows on carbon emissions in midd... more This study reexamines the impact of foreign direct investment inflows on carbon emissions in middle-income and OECD countries over the period 1992 – 2017. For that purpose, we employ a two-step system GMM dynamic panel data estimator controlling for endogeneity, omitted variable, and simultaneity in our panels. The empirical results from the analyses show that FDI increases carbon emissions in middle-income countries and provide evidence of the pollution haven hypothesis in developing countries. Our findings suggest that FDI has a small halo effect on advanced economies. Our study also provides evidence of the Environmental Kuznets Curve hypothesis across different panel samples.

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Carbon Emission as a Determinant of Health Expenditures

DergiPark (Istanbul University), Jun 30, 2022

Oil Prices and Economic Growth: Evidence from NARDL

This paper examines empirically the effect of oil price shocks on the real economic activity of T... more This paper examines empirically the effect of oil price shocks on the real economic activity of Turkey by employing recently developed nonlinear autoregressive distributed lags (NARDL) model. The approach enables one not only to test the short- and long-run nonlinearities simultaneously through positive and negative partial sum decompositions of the explanatory variable(s) but also to quantify the respective response of economic growth to positive and negative changes in the explanatory variable(s) from the asymmetric dynamic multipliers. The estimated NARDL model affirms the presence of nonlinear effect of oil price on economic growth. In particular, we find that, in the long run, oil price increases have a negative impact on economic growth of a larger magnitude than that of oil price declines, with the latter being statistically insignificant. In other words, the output growth responds (negatively) to an increase in oil prices but oil price declines. On the other hand, the empirical evidence reveal that, in the long run, increases in credits are found have a positive effect on the real economic activity while declines have a negative impact on economic growth. These findings provide evidence against the linear approach assuming that oil prices and proxy variable for fınancial liberalization (credits to GDP) have symmetric effects on the real economy.

Do International Reserves Matter for Turkey’s Economic Growth in the Long-Run?

Ekonomik Yaklasim

The theoretical considerations do not yield a persuasive answer on the net effect of reserves on ... more The theoretical considerations do not yield a persuasive answer on the net effect of reserves on economic growth as this effect may go either a positive or negative direction. Similarly, the empirical literature on the relationship between the two provides ambiguous findings. Hence, this study attempts to examine the long-run dynamics of Turkey’s international reserves - economic growth nexus for the period 1990-2020, employing the Autoregressive Distributed Lags (ARDL) bounds testing approach to cointegration. The empirical evidence suggests a significant and positive but minimal effect of international reserves on economic growth.

Current Account Deficit – Budget Deficit – Debt Sustainability Triangle in Turkey: A Data Based Causality Analysis

In this study, we examine the causal patterns among current account deficit, budget deficit, gove... more In this study, we examine the causal patterns among current account deficit, budget deficit, government debt sustainability, and inflation in Turkey for the period 1975 – 2017. The strong integration of emerging economies such as Turkey to the global economy depends on determining the true causal relationship between macroeconomic dynamics that are considered in this study and the implementation of the related policies accordingly. Therefore, in order to create inductive causal patterns among the selected variables, we employ Directed Acyclic Graphs (DAGs) widely used in causal modeling. The resulting DAG patterns suggest that the current account deficit has a direct effect on the budget deficit which is a direct determinant of government debt sustainability. The findings also indicate that inflation is an indirect determinant of government debt sustainability through its direct effect on-budget deficit.

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Petrol Fiyatlarının İktisadi Büyüme Üzerindeki Asimetrik Etkisi: Türkiye Örneği

Bilecik Şeyh Edebali Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 2019

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Dış Ticarette Lojistik Performansın Etkisi

Yönetim ve Ekonomi Araştırmaları Dergisi, 2021

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FDI and export spillovers using Heckman's two step approach: Evidence from Turkish manufacturing data

This paper examines the impact of horizontal and vertical spillovers from foreign direct investme... more This paper examines the impact of horizontal and vertical spillovers from foreign direct investment on a firm's decision to export, and on export share. Using Heckman selection models, the export spillover hypothesis is tested using firm-level data from Turkish manufacturing firms. The empirical evidence reveals that domestic firms seem to benefit only in a limited way from export spillovers. Except for backward spillovers to exporters with adequate absorptive capacity, there is no evidence of forward and horizontal spillovers to domestic exporting firms, even when they increase their absorptive capacity. However, the findings also suggest that increases in absorptive capacity will first increase but eventually reduce the export share of domestic firms. Furthermore, the results reveal negative horizontal spillovers and no evidence of vertical spillovers to non-exporters. This may well indicate negative competition effects resulting from entry of foreign firms into domestic marke...

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Asymmetric Effect Of Oil Prices On Economic Growth: Evidence From Turkey

Bu calisma, petrol fiyatlarindaki degisimlerin Turkiye'nin reel ekonomik aktivitesi uzerindek... more Bu calisma, petrol fiyatlarindaki degisimlerin Turkiye'nin reel ekonomik aktivitesi uzerindeki etkisini arastirmaktadir. Bu amacla, kisa ve uzun donemli asimetrilerin eszamanli olarak test edilmesine imkan veren ve ekonomik buyumenin aciklayici degiskenlerdeki degisimlere reaksiyonunun olculmesine olanak saglayan Dogrusal Olmayan Gecikmesi Dagitilmis Otoregresif (NARDL) modeli kullanilmistir. Ampirik sonuclar, petrol fiyatlarindaki degisikliklerin ekonomik buyume uzerindeki asimetrik etkisini dogrulamaktadir. Ozellikle, petrol fiyatlarindaki artislarin uzun donemde ekonomik buyume uzerindeki etkisi negatif olmakla birlikte bu etkinin siddeti petrol fiyatlarindaki dususlerin etkisine oranla daha buyuktur ve ayrica modelde petrol fiyatlarindaki dususlerin etkisi istatistiksel olarak anlamsiz bulunmustur. Bir baska deyisle , iktisadi buyume petrol fiyatlarindaki dususlere tepki gostermezken, petrol fiyatlarindaki artislara tepki vermektedir.

FDI and export spillovers using Heckman’s two step approach: Evidence from Turkish manufacturing data

Theoretical and Applied Economics, 2016

This paper examines the impact of horizontal and vertical spillovers from foreign direct investme... more This paper examines the impact of horizontal and vertical spillovers from foreign direct investment on a firm’s decision to export, and on export share. Using Heckman selection models, the export spillover hypothesis is tested using firm-level data from Turkish manufacturing firms. The empirical evidence reveals that domestic firms seem to benefit only in a limited way from export spillovers. Except for backward spillovers to exporters with adequate absorptive capacity, there is no evidence of forward and horizontal spillovers to domestic exporting firms, even when they increase their absorptive capacity. However, the findings also suggest that increases in absorptive capacity will first increase but eventually reduce the export share of domestic firms. Furthermore, the results reveal negative horizontal spillovers and no evidence of vertical spillovers to nonexporters. This may well indicate negative competition effects resulting from entry of foreign firms into domestic markets, a...

Current Account Deficit – Budget Deficit – Debt Sustainability Triangle in Turkey: A Data Based Causality Analysis

Muhammed Benli

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