Anticipated Money Growth and Stock Prices in Turkey

This study investigates the validity of the policy ineffectiveness hypothesis of Rational Expectations-Natural Rate Models that only unanticipated policy changes affect stock prices by using Turkish data over the period of 1986:1-1999:3. The procedure used to test the hypothesis is the autoregressive system introduced by McGee and Stasiak (1985). The empirical results reported in this paper imply that both anticipated and unanticipated monetary policy appears to play a significant expansionary impact upon stock prices. Such evidence for Turkey strongly rejects the policy ineffectiveness hypothesis of Rational Expectations-Natural Rate Models.anticipated unanticipated money growth stock prices sur shock

Anticipated versus Unanticipated Money in Turkey

This Study investigates the validity of the policy ineffectiveness hypothesis of Rational Expectations-Natural Rate Models that only unanticipated policy changes affect real economic variables by using Turkish data over the period of 1980:I-1995:I. The procedure used to test the hypothesis is the autoregressive system introduced by McGee and Stasiak (1985). The empirical results reported in this paper imply that unanticipated monetary policy appears to play an insignificant role in improving real economic activity, and that anticipated monetary policy exerts a significant expansionary impact upon real economic activity. Such evidence for Turkey strongly rejects the policy ineffectiveness hypothesis of Rational Expectations-Natural Rate Models.anticipated unanticipated money growth sur shock

A Re-examination of Lowry’s Hypothesis for Turkish Case

Lowry’s (1966) hypothesis indicates the predominance of in-migration and the relative insignificance of out-migration with regard to the net migration rates. In the literature, there has been a body of studies which attempted to empirically test the Lowry’s proposition , following Lowrys study (Alonso, 1971, 1972; Beale, 1969a, 1969b; Cordey-Hayes and Gleave, 1973, 1975; Kriesberg and Vining, 1978; Lansing and Mueller, 1967; Plane Rogerson and Rosen, 1984; Gedik, 1992). One of the previous empirical studies was provided by Gedik (1992%29. Gedik investigated the hypothesis for Turkey during the periods of 1965-70, 1975-80 and 1980-85. Her findings were contrary to the findings for developed countries. Then, Gedik argued that in the future Turkish case will come to resemble the developed countries. The main objective of this study is to re-examine the Lowry’s hypothesis and Gedik’s argument on the hypothesis for Turkish case during the period of 1985-90. The results of this paper imply that Gedik’s argument is not valid for Turkish case, migration patterns do not approximate those estimated for the developed countries. The findings of the paper can be summarized as follows: (1) The correlation coefficient between net migration and out-migration rates was found to be –0.89 for all provinces. For provinces with net in-migration, it was found to be –0.317, but statistically insignificant. It was -0.96 for provinces with net out-migration. (2) The correlation coefficient between net migration and in-migration was 0.89 for provinces with net in-migration and 0.63 for all provinces. (3) The correlation coefficient in- and out-migration rates was –0.21 for all provinces, 0.39 for provinces with net out-migration and 0.13 for provinces with net in-migration but statistically insignificant.

Sufism and Yoga According to Muhammad Ghawth

Carl Ernst'ten çevirdiğimiz metinde Şettârî tarikati şeyhlerinden Muhammed Gavs'ın tercüme ettiği eser vasıtası ile Yogiler ile sûfîler arasındaki münâsebet ele alınmaktadır

Project Planning for Opening New Destinations for Global Air Carriers

Announcing new flight routes for promising overseas destinations is a sign of stepping into global business for airlines. Opening new flight lines means expanding the product line for any airline. New destinations in turn mean gaining new customers while retaining the existing ones. That is the main reason why global airlines continually seek for new destinations to extend their flight network. This process is a very complex one with a lot tasks and resource requirements. The projected opening date sets the deadline for all the activities. Project management principles needs to be employed to meet these deadlines in order not to experience any delay. To illustrate this problem a new destination project for Turkish Airlines (THY) is explored in detail. THY, as a global network carrier, is planning to expand its operations spectrum and in achieving that makes intensive use of PERT method. This process is illustrated briefly in the paper

A Laboratory Study on the Use of Seawater in Crosslinked-Gels Used In Hydraulic Fracturing

As unconventional reservoirs continue to dominate the current economic climate, there is a great demand for developing innovative and efficient fracture treatment methodologies. Traditionally, the vast majority of hydraulic fracturing systems incorporate a freshwater-based fracturing fluid. However, freshwater is considered an expensive and valuable resource, particularly in the Middle East and for offshore completions. This research discusses the potential of seawater, a more cost-effective and accessible resource, as an acceptable replacement for current water sources. To develop a successful fracturing fluid system, the chemical composition of seawater, particularly the presence of high concentration cations and anions, must be considered. The primary purpose of this study is to understand how 1) changing temperature, 2) additive concentration, 3) water source, and 4) introducing an oxidizer breaker can affect the gel stability of two types of guar derivative gelling agents: hydroxyl propyl guar (HPG) and carboxymethyl hydroxypropyl guar gum (CMHPG), using High Temperature/High Pressure Chandler Rheometer. Arabian Gulf seawater was used to design and test a seawater-based fracturing fluid in the laboratory. To simulate fracking environments, a dynamic scale loop was used. The seawater sample and formation water mixture were mixed at a 50/50 ratio. Phosphonate type scale inhibitor was then tested at various concentrations, starting at 3,000 ppm, at a temperature range from 270 to 330ºF. Scale buildup is represented by a dramatic change in pressure. Results confirmed that seawater fluid stability at greater than 500 cP at a shear rate of 40 s^-1 for temperatures ranging from 270 to 330°F was feasible. The stability time varied with the given temperature constraint. Additionally, scale loop analysis depicts that scale can be mitigated at temperatures ranging from 270 to 330°F depending on the scale inhibitor concentration used. This work contributes to understanding how seawater based fracturing fluid can be formulated, and potential applications in hydraulic fracturing treatments. Maximizing the use of seawater could help rule out dependency on the scarce freshwater resources

Exploring Customer Perception of Service Quality in Coffeehouse Chains

Turkey is a fast growing market for global coffeehouse brands. This exploratory study investigates the service quality considerations of coffeehouse chains as perceived by the customers; namely customer expectations, loyalty, reasons of preference over coffee house brands, and service attributes of the coffee house brands in Turkey. Data are collected from a sample in several popular shopping malls in different parts of Istanbul that shelters coffeehouses of all of the brands included in this study through a survey questionnaire. The sample is chosen randomly and the survey is conducted mostly at weekends. The brands included in this survey are the five top global brands and one domestic brand. Results give evidence that further study may expose more revealing findings about customer satisfaction and commitment in coffee house brands

Exploring the Main Characteristics of Turkish Firms Practicing Total Quality Methods

This study paper reports the findings of a survey on Total Quality Management (TQM) in Turkey. The primary objective of this paper is to explore how the companies in Turkey plan, execute and control their processes towards a total quality management system and in doing that what characteristics they show and display. For this purpose a structured survey was conducted with the top 106 firms who either have applied or intend to apply for the Quality Prize awarded by Turkish Society for Quality. The following were specified as the aims of this study: to specify the typical behavioral attributes of Turkish firms who decide to improve their processes by TQM methods; to reveal the barriers to the TQM activities; to understand the significant changes in firm’s performances after TQM methods have been applied. The survey was conducted in cooperation with the Turkish Society for Quality

Factors Affecting High School Students’ Motivation and Career Interest in STEM Fields and Their Modeling

This study aims to investigate the motivation and career interest in STEM fields of high school students enrolled in public schools in the districts of Kayseri in Turkey according to various factors, to ascertain the relationship between the two variables, and to present a model for the relationship between the variables. The causal-comparative research and correlation (relational) research designs, which are among the quantitative research designs, were used in this study, which involved 1,667 students from five high education institutions situated. The research employed the Career Interest Scale in STEM Fields and the Motivation Scale in STEM Fields to gather data. It has been found that students whose favorite and most successful course is about STEM have much higher motivation and career interest in STEM fields than the other pupils. According to the study, students who are considering majoring in one of the university’s STEM fields have much higher motivation and career interest in STEM fields than other students do in general. Additionally, the connection between motivation and career interest in STEM fields was looked at. According to research, students’ motivation in STEM fields accounts for 70% of changes in their career interests in those fields