The contagion effect: evidences from former Soviet Economies in Eastern Europe

This paper analyzes whether or not the contagion effect exists among the seven former-Soviet economies in Eastern Europe: Belarus, Estonia, Latvia, Lithuania, Moldova, Russia and Ukraine throughout the period from November 1996 to December 2009. The evolution of the EU memberships of Estonia, Latvia and Lithuania has been assessed over the membership period (2004:05-2009:12) in comparison to the non-membership period (1995:11-2004:04). Additionally, the economies and the sample period employed in this research give an opportunity to test for two hypotheses on the contagion effect: First, the “flight to quality” hypothesis suggested by Favero and Giavazzi (2002) and second, the “political contagion” hypothesis offered by Drazen (1999). The contagion effect hypotheses for each economy have been tested using the “Threshold Test” proposed by Pesaran and Pick (2007). The econometric method employed in this paper examines only the contagion effect, not the interdependence although the seven economies or groups in the analysis can have interdependence relations. Empirical analysis has highlighted that: (i) the contagion effect exists in the region; (ii) the structure of the contagion mechanism in the region is not stable during the estimation period; (iii) there is an evidence for the validity of “flight to quality” hypothesis; (iv) there is no evidence for the validity of the “political contagion” hypothesis. These results are consistent with the different regional patterns of the former Soviet countries.contagion; threshold test; Eastern Europe; political contagion; flight to quality

The transmission process of financial crises across the emerging markets: an alternative consideration

This paper offers an alternative consideration for the transmission process of financial crises across emerging markets. Here, we hypothesized that the interdependence effect could weaken, even disappear completely, and veer during a crisis period as a result of the contagion process. The importance of this hypothesis for the policy implication is also highlighted because it can be validated for many cases by our data

The contagion effect: evidences from former Soviet Economies in Eastern Europe

This paper analyzes whether or not the contagion effect exists among the seven former-Soviet economies in Eastern Europe: Belarus, Estonia, Latvia, Lithuania, Moldova, Russia and Ukraine throughout the period from November 1996 to December 2009. The evolution of the EU memberships of Estonia, Latvia and Lithuania has been assessed over the membership period (2004:05-2009:12) in comparison to the non-membership period (1995:11-2004:04). Additionally, the economies and the sample period employed in this research give an opportunity to test for two hypotheses on the contagion effect: First, the “flight to quality” hypothesis suggested by Favero and Giavazzi (2002) and second, the “political contagion” hypothesis offered by Drazen (1999). The contagion effect hypotheses for each economy have been tested using the “Threshold Test” proposed by Pesaran and Pick (2007). The econometric method employed in this paper examines only the contagion effect, not the interdependence although the seven economies or groups in the analysis can have interdependence relations. Empirical analysis has highlighted that: (i) the contagion effect exists in the region; (ii) the structure of the contagion mechanism in the region is not stable during the estimation period; (iii) there is an evidence for the validity of “flight to quality” hypothesis; (iv) there is no evidence for the validity of the “political contagion” hypothesis. These results are consistent with the different regional patterns of the former Soviet countries

The contagion effect: evidences from former Soviet Economies in Eastern Europe

This paper analyzes whether or not the contagion effect exists among the seven former-Soviet economies in Eastern Europe: Belarus, Estonia, Latvia, Lithuania, Moldova, Russia and Ukraine throughout the period from November 1996 to December 2009. The evolution of the EU memberships of Estonia, Latvia and Lithuania has been assessed over the membership period (2004:05-2009:12) in comparison to the non-membership period (1995:11-2004:04). Additionally, the economies and the sample period employed in this research give an opportunity to test for two hypotheses on the contagion effect: First, the “flight to quality” hypothesis suggested by Favero and Giavazzi (2002) and second, the “political contagion” hypothesis offered by Drazen (1999). The contagion effect hypotheses for each economy have been tested using the “Threshold Test” proposed by Pesaran and Pick (2007). The econometric method employed in this paper examines only the contagion effect, not the interdependence although the seven economies or groups in the analysis can have interdependence relations. Empirical analysis has highlighted that: (i) the contagion effect exists in the region; (ii) the structure of the contagion mechanism in the region is not stable during the estimation period; (iii) there is an evidence for the validity of “flight to quality” hypothesis; (iv) there is no evidence for the validity of the “political contagion” hypothesis. These results are consistent with the different regional patterns of the former Soviet countries

Investigation of mechanical and electronic properties of In2Ge2Te6, In2Si2Te6, InGeTe3 ve InSiTe3 Compounds by AB Initio method

Bu tez çalışmasında, In2Ge2Te6, In2Si2Te6, InGeTe3 ve InSiTe3 bileşiklerinin trigonal kristal yapısının yapısal, mekaniksel, anizotropi özellikleri, elektronik band yapıları ve termodinamik özellikleri yoğunluk fonksiyoneli teorisine dayanan ab initio metoduyla incelendi. Değiş tokuş enerjisinin hesabında genelleştirilmiş grandyent yaklaşımı (GGA-PBE) kullanıldı. Bileşiklerin elektronik band yapıları, elastik sabitleri, bulk modülü, Young modülü, shear modülü, Poisson oranları, sertlikleri, Debye sıcaklıkları, ses hızları ve anizotropi faktörleri ilk kez hesaplandı ve yorumlandı. Hesaplanan örgü parametreleri deneysel çalışmalar ile uyum içindedir. Tüm bileşikler yapısal ve mekaniksel yönden kararlılık göstermektedir.In study of this thesis, the structural, mechanical, anisotropy properties, electronic band structure and thermodynamic properties of In2Ge2Te6, In2Si2Te6, InGeTe3 and InSiTe3 compounds in trigonal crystal structure have been investigated using by ab initio method based on density functional theory. The exchange correlation energy were described the generalized gradient approximation (GGA-PBE) scheme. The electronic band structures, elastic constants, bulk modulus, Young's modulus, shear modulus, Poisson's ratios, hardness, Debye temperatures, sound velocities and anisotropy factors of these compounds have been calculated and commented for the first time. The calculated lattice parameters are in agreement with the available experimental data. The calculated results have shown that these compounds are both structural and mechanically stable in considered structure

Comparison of Gliclazide Treatment with Diet Therapy on Acute Phase Protein Levels in Patients with Type 2 Diabetes

Coskun, Abdurrahman/0000-0002-1273-0604WOS: 000264805800012Aims: It is known that there is a relationship between diabetic complications and chronic inflammation characterized by alterations in circulating acute phase proteins. It has been emphasized that inflammation contributes to diabetic complications and that gliclazide -an antidiabetic sulfonylurea - decreases the development of such complications. In this study, we aimed to investigate whether gliclazide or diet treatment has an effect on serum levels of acute phase reactants. markers of inflammation. Materials and Methods: Fifty-six newly diagnosed patients with type 2 diabetes and 30 clinically healthy subjects were evaluated prospectively. Twenty-six patients were treated with proper diet and daily gliclazide (80 mg/daily) and 30 patients were randomized to only diet therapy for 6 months. After the 6-month therapy, blood was taken from patients and controls and acute phase protein levels were determined. Results: Serum alpha-1 acid glycoprotein. alpha-2 macroglobulin, alpha-1 antitrypsin. and albumin levels did not differ between the gliclazide and control groups. In the diet group. mean serum alpha-1 acid glycoprotein, alpha-2 macroglobulin, and alpha-1 antitrypsin were significantly higher and mean albumin level was significantly lower than the other groups. Glucose, hemoglobin A1C and haptoglobulin levels were significantly higher, whereas transferrin and prealbumin levels were significantly lower in both diet therapy and gliclazide therapy when compared with the control group. Mean C-reactive protein level did not differ between the groups. Conclusions: Levels of acute phase proteins significantly differ in type 2 diabetes when compared with healthy subjects. Gliclazide may provide better control on acute phase proteins

Empirical Evidence on Indirect Spillover Effects

Parallel Sessions E: Contemporary Country Studies in Economic Measuremen

Effects of electromagnetic radiation exposure on bone mineral density, thyroid, and oxidative stress index in electrical workers

Background: In the literature, some articles report that the incidence of numerous diseases increases among the individuals who live around high-voltage electric transmission lines (HVETL) or are exposed vocationally. However, it was not investigated whether HVETL affect bone metabolism, oxidative stress, and the prevalence of thyroid nodule