Master of Science

thesisThis thesis applies Granger Causality Tests to balance of payments accounts of Turkey between the first quarter of 1992 and the last quarter of 2009, in order to test effectiveness of current account sustainability indicators that are derived by two major theoretical conceptions about current account sustainability. First theoretical conception is called "current account oriented views." That approach states that high and persistent current account deficits may be outcomes of some structural vulnerabilities of the domestic economy. Those vulnerabilities can arise from trade deficits, budget deficits, and saving-investment gap. Second theoretical conception is called "capital account oriented view." According to that approach, high and persistent current account deficits are the main outcomes of speculative-led economic growth and current account deficits which are induced by high capital inflows. Results show that the current account balance of Turkey is mainly driven by capital-financial account and portfolio investments subaccount, during postinternational financial liberalization era. Additionally, causal relationship between current and capital-financial account balances arises from causality from capital-financial account to goods and services subaccount of current account. Finally, according to test results, financial account oriented indicators are found more effective than conventional indicators

A Structural Model for Launching a Business Venture in The Hospitality Industry

This paper is concerned with the important elements to consider when conducting feasibility studies for small and medium sized businesses in today’s rapidly changing world. The stages involved in these studies are grouped under two major headings, namely, market feasibility and financial feasibility. Analysis of market feasibility includes defining the market area characteristics, project site & area evaluation, competition and demand analysis, and finally, recommending facilities and services. Financial feasibility covers the estimation of operating results and project valuation

Cell Therapy for Cardiovascular Disease: A Comparison of Methods of Delivery

The field of myocardial regeneration utilizing novel cell-based therapies, gene transfer, and growth factors may prove to play an important role in the future management of ischemic heart disease and cardiomyopathy. Phases I and II clinical trials have been published for a variety of biologics utilizing four methods of delivery: systemic infusion, intracoronary infusion, transvenous coronary sinus, and intramyocardial. This review discusses the advantages and disadvantages of the delivery approaches above

Three essays on different nature and effects of capital flows among Asian and Latin American countries

2017 Summer.Includes bibliographical references.This dissertation contains three essays on the distinct nature and effects of capital flows on Asian and Latin American countries. Chapter I presents a Post-Keynesian open economy model to investigate the possible effects of capital flows on capacity utilization and distribution in Asian and Latin American countries. In the case of Asian countries, capital flows increase labor productivity through spill-over effects. The increase in labor productivity leads to a decrease in wage share of workers from national income which leads to lower prices. Lower price level results in real exchange rate depreciation and provides higher trade balances through enhanced competitiveness of export goods. In the case of Latin American countries, capital flows result in real exchange rate appreciation in the absence of capital controls. This real exchange rate appreciation decreases the cost of foreign borrowing, foreign intermediate goods and lower wage shares. In line with all these developments, capacity utilization increases, but trade balances deteriorate due to diminished export competitiveness. Chapter II addresses different dependent relations that lead divergent paths of Asian and Latin American countries toward globalization. Nature of dependency is detected through different types of shocks to current account balances. It is found that Latin American countries are dependent on center countries financially while Asian countries are dependent on world demand for their export goods. This divergent nature of dependent relations shape the nature of foreign capital that invests in these countries. Foreign investments in Latin American countries are domestic market oriented and for financing needs. These investments do not have future export revenue potentials and reproduces the dependency on international financial markets. Employment of capital controls and high structural domestic savings allowed Asian countries to be more selective in channeling foreign capital. They employed foreign investments to enhance export competitiveness. However, the export oriented path of development tied their economies to pattern of world trade and produced a divergent dependent relationship. Chapter III tests the dynamic relationship between capital flows, real exchange rate appreciation and trade balances in Latin American and Asian countries. The analysis suggests structural differences between Asian and Latin American countries. Different integration strategies followed in the era of globalization period led to distinct patterns in relation between capital flows and trade balances. In order to test the relationship, Panel Vector of Autoregression analysis and orthogonalized import response functions are employed. It is found that foreign capital flows affect trade balances negatively in Latin American countries. In the case of Asian countries, a positive relationship between capital flows and trade balances is detected, however this relationship is not statistically significant

Autoerythrocyte sensitization syndrome

PubMed ID: 4788340[No abstract available

Effects of propionate on mechanical and metabolic performance in aerobic rat hearts.

The purpose of this report is to describe the contribution of propionate as an adjunct source of oxidative metabolism in aerobic myocardium. In the first series of studies, six groups of isolated working rat hearts (n = 6-8 per group) were perfused for 40 minutes with Krebs-Henseleit media containing 11 mM glucose. Propionate treatment was provided to the media at a constant dose per heart group and extended over a range of dosages, including: 0 (placebo control), 0.1, 0.5, 1.0, 5.0, and 10.0 mM, buffered to pH 7.4. Average aerobic coronary blood flow for all groups was 21.5 +/- 0.6 ml/min; average left ventricular peak systolic pressure was 123.7 +/- 1.4 mmHg. There were no significant differences among groups compared with placebo hearts for aortic flow, heart rate x aortic pressure product, or myocardial oxygen consumption, although performance tended to decline in the 10 mM group. A clear dose-response relationship was observed in 14CO2 production from labeled propionate, with a 12-fold increase between the 0.1 and 10 mM groups. Most of the increase occurred at the lower dosages, with a relative leveling off at the 1.0, 5.0, and 10.0 mM doses. In part 2, propionate was examined as a sole substrate. At 1.0 mM without glucose, propionate per se was unable to support mechanical function over the course of the perfusions, but still maintained high rates of oxidation, comparable to that of the 1.0 mM group with glucose in part 1.(ABSTRACT TRUNCATED AT 250 WORDS