Determining the functional form of relationships between oil prices and macroeconomic variables: The Case of MIST Countries

The aim of this study is to investigate that how economic conditions change when crude oil shocks occured in 1980-2013 for MIST countries. Another objective of the study is to determine accurately the functional forms of the relationships between oil prices and macroeconomic variables. For this aim, the relationships between crude oil price and macroeconomic variables were estimated by using Additive Model being a nonparametric model. In order to make comparisons, estimation results of the OLS model being parametric were also given. The F test statistics showed that relationships between crude oil price and macroeconomic variables were explained by nonparametric models better than parametric models. Teraesvirta Neural Network test (1993) shows also that oil price shocks can cause to be symmetric effects on macroeconomic variables while asymmetric effects on some macroeconomic variables. Keywords: Crude Oil Price, Macroeconomic Variables, Partial Response Functions JEL Classifications: C53, C14, Q43,Q4

The Effect of Tourism Investments on Tourism Income in Turkey: Panel VAR Approach

Tourism is rapidly developing around the world and it effects the economic, social and cultural development of the country. In this study based on the effect of tourism on the economic growth, the effect of tourism investments on tourism income was examined using Panel VAR model. The yearly data from the period 2001-2014 on the most popular touristic towns in Turkey, namely, Antalya, Mugla, Izmir, Aydin and Nevsehir, was used. When the results of the analysis are examined, it can be said that tourism investments have stimulating effect on tourism income, but it was noticed that the tourism investments from the last year had a decreasing effect on tourism income

Issue 2 384 International Journal of Recent Advances in Organizational Behaviour and Decision Sciences (IJRAOB) An Online International Research Journal

Abstract The place of women in working life is extremely important by reason of the fact that it contributes to an increase in overall famil