286 10 3494 https://omeka.ibu.edu.ba/files/original/5931d3510322e1ced60ff2780d138b0f.docx be6086435ce51a99386f21ba29041a9b https://omeka.ibu.edu.ba/files/original/debb523514e5280a38077b2aacdd998b.pdf 8ca54a707e13df37221985676217b26e PDF Text Text Female worker in European Union Labor Law and Turkish Labor Law KübraÖz Cumhuriyet University Turkey kubra.oz@hotmail.com Abstract: The European Union social policy includes issues like increasing employment rate, ensuring free movement of labor, improving working conditions and living conditions, providing temporary assistance for unemployed, and freedom of social security and organization within the general lines. Besides all these applications, other European Union social policies can be considered as treating men and women equally, preventing discrimination and social exclusion. Even though the European Union policy developed policies just for workers and unemployed initially, today this policy has become a policy which covers everyone who is economically weak. The first policy which is related to treating women and men equally takes place in Treaty of Rome and according to the provision no. 119. Some arrangements were made which is about balancing the charges for men and women. And this first step taken for equity of wages paved the way for regulations in order to be equal between men and women in the other areas like social security and social welfare. Also European Union Community is established for the purpose of economically this caused many regulations for women. And in this context, up to present EU, there are many legislative work and action programs in order to protect women workers, ensure equal treatment for women and men, and provide equal opportunities for women, increase women employment rate, improve family life and working life. Along these studies, the new approach which is adopted by EU within the framework of equality of women and men is about exposing equality of women and men under the main plan and policies. When we examine Turkish law system, the principle of equal treatment for everyone is guaranteed by the constitution. In true sense, the first embodiment in Turkish work life for women who gained worker status with the industrial revolution took place in Public Health Law in 1930. Although there is no special law for women in our country, there are some provisions to prevent discrimination between men and women. At the same time, in the process of harmonization of Turkish legislation with union acquits, the arrangements for women workers have taken place in Turkish labor legislation. In this paper, the arrangements towards women workers in the context of both European Union labor law and Turkish labor law will be discussed. Keywords:female labor, working life, European Union labor law. 14 � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Extent The size or duration of the resource. 2440 Title A name given to the resource Female worker in European Union Labor Law and Turkish Labor Law Author Author ÖZ, Kübra Abstract A summary of the resource. The European Union social policy includes issues like increasing employment rate, ensuring free movement of labor, improving working conditions and living conditions, providing temporary assistance for unemployed, and freedom of social security and organization within the general lines. Besides all these applications, other European Union social policies can be considered as treating men and women equally, preventing discrimination and social exclusion. Even though the European Union policy developed policies just for workers and unemployed initially, today this policy has become a policy which covers everyone who is economically weak. The first policy which is related to treating women and men equally takes place in Treaty of Rome and according to the provision no. 119. Some arrangements were made which is about balancing the charges for men and women. And this first step taken for equity of wages paved the way for regulations in order to be equal between men and women in the other areas like social security and social welfare. Also European Union Community is established for the purpose of economically this caused many regulations for women. And in this context, up to present EU, there are many legislative work and action programs in order to protect women workers, ensure equal treatment for women and men, and provide equal opportunities for women, increase women employment rate, improve family life and working life. Along these studies, the new approach which is adopted by EU within the framework of equality of women and men is about exposing equality of women and men under the main plan and policies. When we examine Turkish law system, the principle of equal treatment for everyone is guaranteed by the constitution. In true sense, the first embodiment in Turkish work life for women who gained worker status with the industrial revolution took place in Public Health Law in 1930. Although there is no special law for women in our country, there are some provisions to prevent discrimination between men and women. At the same time, in the process of harmonization of Turkish legislation with union acquits, the arrangements for women workers have taken place in Turkish labor legislation. In this paper, the arrangements towards women workers in the context of both European Union labor law and Turkish labor law will be discussed. Keywords:female labor, working life, European Union labor law. Publisher An entity responsible for making the resource available International Burch University Date A point or period of time associated with an event in the lifecycle of the resource 2014-04-24 Keywords Keywords. Article PeerReviewed Identifier An unambiguous reference to the resource within a given context ISSN 2303-4564 H Social Sciences (General) https://omeka.ibu.edu.ba/files/original/f67d92e62046a721a2b8c58d76d4b293.docx 3792377453647ac08b42d9f60b4aa363 https://omeka.ibu.edu.ba/files/original/b4afd899e170c6be7c6cc79845ebb62b.pdf 05e0749d349e233e2bdf60323a5b323b PDF Text Text The Feldstein–Horioka Puzzle among EU Members: A Panel Approach İbrahim Örnek University of KahramanmarasSütcü Imam Turkey iornek@hotmail.com SelenUtlu University of Gaziantep Turkey selenu@gmail.com Abstract: The degree of integration to the international capital markets is a crucial issue for the economic policy implementations in developing countries. A major determinant of the degree of international capital mobility is the saving-investment association. One of the biggest problems of developing countries is the insufficiency of savings. This gap is financed by foreign capital in today’s global economies. It is generally believed that, the correlation between national savings and domestic investments becomes weak when there is high capital mobility between countries. The degree of capital mobility through the domestic saving-investment interaction is firstly analyzed by Feldstein and Horioka (1980). The purpose of this paper is to investigate the level of capital mobility in European Union members in a period of 1980-2012, with using the Feldstein–Horiokamethod. Feldstein and Horioka (1980) regressed the investment ratio against a constant and the saving ratio in a cross section of 16 industrialized countries, which are OECD members, over the period 1960-1974 and found that the coefficient on saving was in the range of 0.85-0.95. The basic conclusion of Feldstein and Horioka’s analysis is that an increase in domestic saving has a substantial effect on the level of domestic investment. However, with perfect world capital mobility, there is little or no relation between the domestic investment in a country and the amount of savings generated in that country. This result is known in the literature as the Feldstein-Horioka Puzzle. Feldstein and Horioka (1980) argued that the relationship between domestic investment and domestic saving rates is related with the international capital mobility and thus caused the rise of a puzzle in the economic literature. Keywords: Feldstein–Horioka puzzle, Saving-investment, Capital mobility, European Union, Panel 15 � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Extent The size or duration of the resource. 2441 Title A name given to the resource The Feldstein–Horioka Puzzle among EU Members: A Panel Approach Author Author ÖRNEK, İbrahim UTLU, Selen Abstract A summary of the resource. The degree of integration to the international capital markets is a crucial issue for the economic policy implementations in developing countries. A major determinant of the degree of international capital mobility is the saving-investment association. One of the biggest problems of developing countries is the insufficiency of savings. This gap is financed by foreign capital in today’s global economies. It is generally believed that, the correlation between national savings and domestic investments becomes weak when there is high capital mobility between countries. The degree of capital mobility through the domestic saving-investment interaction is firstly analyzed by Feldstein and Horioka (1980). The purpose of this paper is to investigate the level of capital mobility in European Union members in a period of 1980-2012, with using the Feldstein–Horiokamethod. Feldstein and Horioka (1980) regressed the investment ratio against a constant and the saving ratio in a cross section of 16 industrialized countries, which are OECD members, over the period 1960-1974 and found that the coefficient on saving was in the range of 0.85-0.95. The basic conclusion of Feldstein and Horioka’s analysis is that an increase in domestic saving has a substantial effect on the level of domestic investment. However, with perfect world capital mobility, there is little or no relation between the domestic investment in a country and the amount of savings generated in that country. This result is known in the literature as the Feldstein-Horioka Puzzle. Feldstein and Horioka (1980) argued that the relationship between domestic investment and domestic saving rates is related with the international capital mobility and thus caused the rise of a puzzle in the economic literature. Keywords: Feldstein–Horioka puzzle, Saving-investment, Capital mobility, European Union, Panel Publisher An entity responsible for making the resource available International Burch University Date A point or period of time associated with an event in the lifecycle of the resource 2014-04-24 Keywords Keywords. Article PeerReviewed Identifier An unambiguous reference to the resource within a given context ISSN 2303-4564 H Social Sciences (General) https://omeka.ibu.edu.ba/files/original/242cb2fec02364c54351a1cb38919ff7.docx e55b19f8f064abae21a983b166b9ee55 https://omeka.ibu.edu.ba/files/original/895a355c6f9f4299b0380400afbe2b7b.pdf ecfdbad4123c3a46800e5127a690be64 PDF Text Text The Feldstein–Horioka Puzzle across EU Members: A Panel Approach İbrahim Örnek University of KahramanmarasSütcü Imam Turkey iornek@hotmail.com SelenUtlu University of Gaziantep Turkey selenu@gmail.com Abstract: The degree of integration to the international capital markets is a crucial issue for the economic policy implementations in developing countries. A major determinant of the degree of international capital mobility is the saving-investment association. One of the biggest problems of developing countries is the insufficiency of savings for financing their investments that is crucial for economic growth. This gap is financed by foreign capital in today’s global economies. It is generally believed that, the correlation between national savings and domestic investments becomes weak when there is high capital mobility between countries. The degree of capital mobility through the domestic savinginvestment interaction is first analyzed by Feldstein and Horioka (1980). Feldstein and Horioka (1980) used regression in the investment ratio against a constant and the saving ratio in a cross section of 16 industrialized countries, which are OECD members, over the period 1960-1974 and found that the coefficient on saving was in the range of 0.850.95. They interpreted this finding as indicating that 85-95 % of national savings was invested in the country of origin, which implied a rejection of perfect capital mobility. The basic conclusion of Feldstein and Horioka’s analysis is that an increase in domestic saving has a substantial effect on the level of domestic investment. However, with perfect world capital mobility, there is little or no relation between the domestic investment in a country and the amount of savings generated in that country. This result was known in the literature as the Feldstein-Horioka Puzzle. Feldstein and Horioka (1980) argued that the relationship between domestic investment and domestic saving rates is related with the international capital mobility and thus caused the rise of a puzzle in the economic literature. The purpose of this paper is to investigate the level of capital mobility in European Union members using the Feldstein–Horioka puzzle proposed by Feldstein and Horioka (1980) in order to investigate relations between saving and investment flows. Keywords: Feldstein–Horioka puzzle, Saving-investment, Capital mobility, European Union, Panel 49 � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Extent The size or duration of the resource. 2481 Title A name given to the resource The Feldstein–Horioka Puzzle across EU Members: A Panel Approach Author Author ÖRNEK, İbrahim UTLU, Selen Abstract A summary of the resource. The degree of integration to the international capital markets is a crucial issue for the economic policy implementations in developing countries. A major determinant of the degree of international capital mobility is the saving-investment association. One of the biggest problems of developing countries is the insufficiency of savings for financing their investments that is crucial for economic growth. This gap is financed by foreign capital in today’s global economies. It is generally believed that, the correlation between national savings and domestic investments becomes weak when there is high capital mobility between countries. The degree of capital mobility through the domestic saving-investment interaction is first analyzed by Feldstein and Horioka (1980). Feldstein and Horioka (1980) used regression in the investment ratio against a constant and the saving ratio in a cross section of 16 industrialized countries, which are OECD members, over the period 1960-1974 and found that the coefficient on saving was in the range of 0.85-0.95. They interpreted this finding as indicating that 85-95 % of national savings was invested in the country of origin, which implied a rejection of perfect capital mobility. The basic conclusion of Feldstein and Horioka’s analysis is that an increase in domestic saving has a substantial effect on the level of domestic investment. However, with perfect world capital mobility, there is little or no relation between the domestic investment in a country and the amount of savings generated in that country. This result was known in the literature as the Feldstein-Horioka Puzzle. Feldstein and Horioka (1980) argued that the relationship between domestic investment and domestic saving rates is related with the international capital mobility and thus caused the rise of a puzzle in the economic literature. The purpose of this paper is to investigate the level of capital mobility in European Union members using the Feldstein–Horioka puzzle proposed by Feldstein and Horioka (1980) in order to investigate relations between saving and investment flows. Keywords: Feldstein–Horioka puzzle, Saving-investment, Capital mobility, European Union, Panel Publisher An entity responsible for making the resource available International Burch University Date A point or period of time associated with an event in the lifecycle of the resource 2014-04-24 Keywords Keywords. Article PeerReviewed Identifier An unambiguous reference to the resource within a given context ISSN 2303-4564 H Social Sciences (General) https://omeka.ibu.edu.ba/files/original/b40d71c9030ee6c249da5133410d141d.docx f7d387070a38ed639a265fafe6e3e3a2 https://omeka.ibu.edu.ba/files/original/4f924fc424610e288aece5c1ea7c8ae6.pdf 548a99b481f1ce0b5726f16ccf980425 PDF Text Text Human Security in Bosnia, Kosovo and Albania BekirÇinar Epoka University Albania bcinar@epoka.edu.al Abstract: It is clear that human security is one of the main concerns of every individual. This paper is investigating human security issues in Bosnia, Albania and Kosovo in order to assess possible threat to humans. Theoretically, paper is investigating ‘the idea of human security’ with focus on material and metaphysical sources that identifying the real foundation of ‘vulnerability or resilience in a population’. Methodology of this paper is quantitative methods and quasi-experimental design is used. In order to assess the human security secondary sources and available primary sources are used for collecting the required data. The main question of this paper is whether these countries have any concern of security and human security studies at their educational institutions which is vital for future of human being in these countries. The paper suggests that that there is a complex situation that could be best described by a multi-cultural and multi- ethnic variation of human security. Keywords: Human Security, Bosnia, Albanian, Threat 18 � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Extent The size or duration of the resource. 2444 Title A name given to the resource Human Security in Bosnia, Kosovo and Albania Author Author ÇINAR, Bekir Abstract A summary of the resource. It is clear that human security is one of the main concerns of every individual. This paper is investigating human security issues in Bosnia, Albania and Kosovo in order to assess possible threat to humans. Theoretically, paper is investigating ‘the idea of human security’ with focus on material and metaphysical sources that identifying the real foundation of ‘vulnerability or resilience in a population’. Methodology of this paper is quantitative methods and quasi-experimental design is used. In order to assess the human security secondary sources and available primary sources are used for collecting the required data. The main question of this paper is whether these countries have any concern of security and human security studies at their educational institutions which is vital for future of human being in these countries. The paper suggests that that there is a complex situation that could be best described by a multi-cultural and multi- ethnic variation of human security. Keywords: Human Security, Bosnia, Albanian, Threat Publisher An entity responsible for making the resource available International Burch University Date A point or period of time associated with an event in the lifecycle of the resource 2014-04-24 Keywords Keywords. Article PeerReviewed Identifier An unambiguous reference to the resource within a given context ISSN 2303-4564 H Social Sciences (General) https://omeka.ibu.edu.ba/files/original/372ef44da3b07999c2078cea2171031e.docx a61009ebe7d183e75477ca18623a5bad https://omeka.ibu.edu.ba/files/original/1becc88819bfc408443f12ebdc8df826.pdf 8b7ee0f7f324f5595a36de480e30a514 PDF Text Text Are Islamic Banks More Effective than Conventional Banks for Turkey’s Development? GönülÇifçi Adiyaman University Turkey cifcigonul@gmail.com SaadettinPaksoy Kilis 7 Aralik University Turkey spaksoy@kilis.edu.tr Abstract: Islamic banks are so popular nowadays, while many people had preferred to stay far in the past. Even to World’s first and foremost conventional banks have new departments related to Islamic banking. Essentially, Islamic banking is similar to conventional banking in many areas but all rules about transactions, services but interest is pivot of conventional banking. That is why some Muslims had hesitation to make investments in banking systems. In that perspective, Islamic banking fulfilled many people’s investment desire. Are Islamic banks more effective than conventional banks for development with Islamic bank’s remarkable performance and ability to generate high volume in Islam countries like Indonesia and Malaysia? Or that success is just a coincidence? We will seek that questions’ answer by examining Islamic and conventional banks in Turkey. Key Words: Islamic Banking, Conventional Banking, Turkey, Development. 62 � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Extent The size or duration of the resource. 2496 Title A name given to the resource Are Islamic Banks More Effective than Conventional Banks for Turkey’s Development? Author Author ÇIFÇI, Gönül PAKSOY, Sadettin Abstract A summary of the resource. Islamic banks are so popular nowadays, while many people had preferred to stay far in the past. Even to World’s first and foremost conventional banks have new departments related to Islamic banking. Essentially, Islamic banking is similar to conventional banking in many areas but all rules about transactions, services but interest is pivot of conventional banking. That is why some Muslims had hesitation to make investments in banking systems. In that perspective, Islamic banking fulfilled many people’s investment desire. Are Islamic banks more effective than conventional banks for development with Islamic bank’s remarkable performance and ability to generate high volume in Islam countries like Indonesia and Malaysia? Or that success is just a coincidence? We will seek that questions’ answer by examining Islamic and conventional banks in Turkey. Key Words: Islamic Banking, Conventional Banking, Turkey, Development. Publisher An entity responsible for making the resource available International Burch University Date A point or period of time associated with an event in the lifecycle of the resource 2014-04-24 Keywords Keywords. Article PeerReviewed Identifier An unambiguous reference to the resource within a given context ISSN 2303-4564 H Social Sciences (General) https://omeka.ibu.edu.ba/files/original/41bde11543734a9c0dde2ed4d8dba79c.docx 13e7791337f8776ed174225c96df6c20 https://omeka.ibu.edu.ba/files/original/392bbbfd53666b4f0508bace902dedf2.pdf eeee60b3c1c76c1dcadc2f03be29a922 PDF Text Text Harnessing Private Sector Growth for Inclusive Development Mohamed Zulkhibri Islamic Development Bank Saudi Arabia khibri1974@yahoo.com Abstract: The study examines the role of private sector for inclusive development based on descriptive qualitative analysis using secondary data and various key economic indicators for private sector with respect to inclusive development, among others are poverty, inclusive growth, investment, job creations, education, and infrastructure. By simple definition, private sector constitutes a broader term covering all private actors engaged in economic activity, from the small market seller and farmer to large domestic and foreign corporations. The private sector consists of more than formal businesses or corporation, even though many discussions have tempted to concentrate on the role of multinational corporations (MNCs) or large corporations. The study argues that private firms can play a vital role in enhancing inclusive growth prospects as investors, employers and creators of new and upgraded productive potential. Private sector activity matters for growth as well as its quality, sustainability and inclusiveness. In most countries, the private sector is the major component of national income and the major employer and creator of jobs. The pace of job growth and the quality of employment in the private sector are thus central to development. A vibrant private sector also contributes to higher wages. The financial sector is seen as playing a crucial role in economic growth by mobilizing savings, facilitating payments and trade of goods and services and promoting efficient allocation of resources. The qualitative analysis suggests that private firms can play a vital role in enhancing inclusive growth prospects given their ability to create new and higher value productive capacity. The capability of firms to launch new export products and raise product quality generates higher profitability and productive potential with spill over benefits to other firms and industries. However, private sector activity per se does not automatically result in equality of opportunity across individuals and firms. It has been very thoughtful to many of countries towards „Inclusive Business Models‟. This includes facilitating these various actors to come together in public-private collaboration to build “inclusive markets” and sectorspecific strategies. Keywords: private sector; inclusive development; poverty reduction 55 � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Extent The size or duration of the resource. 2485 Title A name given to the resource Harnessing Private Sector Growth for Inclusive Development Author Author ZULKHIBRI, Mohamed Abstract A summary of the resource. The study examines the role of private sector for inclusive development based on descriptive qualitative analysis using secondary data and various key economic indicators for private sector with respect to inclusive development, among others are poverty, inclusive growth, investment, job creations, education, and infrastructure. By simple definition, private sector constitutes a broader term covering all private actors engaged in economic activity, from the small market seller and farmer to large domestic and foreign corporations. The private sector consists of more than formal businesses or corporation, even though many discussions have tempted to concentrate on the role of multinational corporations (MNCs) or large corporations. The study argues that private firms can play a vital role in enhancing inclusive growth prospects as investors, employers and creators of new and upgraded productive potential. Private sector activity matters for growth as well as its quality, sustainability and inclusiveness. In most countries, the private sector is the major component of national income and the major employer and creator of jobs. The pace of job growth and the quality of employment in the private sector are thus central to development. A vibrant private sector also contributes to higher wages. The financial sector is seen as playing a crucial role in economic growth by mobilizing savings, facilitating payments and trade of goods and services and promoting efficient allocation of resources. The qualitative analysis suggests that private firms can play a vital role in enhancing inclusive growth prospects given their ability to create new and higher value productive capacity. The capability of firms to launch new export products and raise product quality generates higher profitability and productive potential with spill over benefits to other firms and industries. However, private sector activity per se does not automatically result in equality of opportunity across individuals and firms. It has been very thoughtful to many of countries towards ‘Inclusive Business Models’. This includes facilitating these various actors to come together in public-private collaboration to build “inclusive markets” and sector-specific strategies. Keywords: private sector; inclusive development; poverty reduction Publisher An entity responsible for making the resource available International Burch University Date A point or period of time associated with an event in the lifecycle of the resource 2014-04-24 Keywords Keywords. Article PeerReviewed Identifier An unambiguous reference to the resource within a given context ISSN 2303-4564 H Social Sciences (General) https://omeka.ibu.edu.ba/files/original/2a331a9a02aadee22c5bee0f755af5cc.docx 4c337ed668b99c58631c7e2867db8919 https://omeka.ibu.edu.ba/files/original/e72e51499c34cb1c6b261792eadf08a1.pdf 326ecbaa1a924589bde58290835cff33 PDF Text Text Crisis of the European Union and its Effects on the EU Enlargement Policy: Case of Western Balkans HaticeYazgan CankiriKaratekin University Turkey yazganhatice@hotmail.com Abstract: European Union (EU) Enlargement is identified as a successful tool for the EU in order to enhance economic and security benefits as well as to Europeanize the prospective members. Despite its achievements until now, enlargement have also some negative repercussions since the enlargement process gives rise to exceeding burden to the EU budget, institutions and some key policies in the short term. Current economic crisis of the EU, along with its political and social impacts add another dimension to the challenges of enlargement. Today Western Balkan countries, Turkey and Iceland are the countries involved in the future enlargements. Main aim of this paper is to analyse the impact of the EU crisis on the enlargement of the EU in general and on Western Balkans in particular. Although the EU enlargement process continues officially, current economic crisis has negatively affected the process. On the one hand, the EU with an ongoing crisis lost some attractiveness for the candidates and on the other hand, its absorption/integration capacity has decreased in the sense that a new enlargement wave with burdensome candidates would not be feasible for the EU. Besides, the crisis deepened the North-South divide in the EU and thus Western Balkan countries will be mostly among the Southern part in terms of economic and social development. Bearing in mind the negative perception of the European public opinion towards EU enlargement which deepened with the crisis, EU needs more legitimacy in order to justify the Western Balkans Enlargement. Last but not the least, growing EU demand from the candidates as a result of the evolving enlargement conditionality through the years is the other factor affecting the future of enlargement. Main argument of this paper is; although the economic and political crises of the EU do not present favourable conditions for both sides, the EU already has the justification for Western Balkans’ Enlargement due to its geographic location “in” Europe and the EU’s ineffective position to prevent the violence during the wars of 1990s which will be reverted to an active position with enlargement. Keywords: Conditionality, Crisis, European Union Enlargement, Western Balkans 11 � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Extent The size or duration of the resource. 2435 Title A name given to the resource Crisis of the European Union and its Effects on the EU Enlargement Policy: Case of Western Balkans Author Author YAZGAN, Hatice Abstract A summary of the resource. European Union (EU) Enlargement is identified as a successful tool for the EU in order to enhance economic and security benefits as well as to Europeanize the prospective members. Despite its achievements until now, enlargement have also some negative repercussions since the enlargement process gives rise to exceeding burden to the EU budget, institutions and some key policies in the short term. Current economic crisis of the EU, along with its political and social impacts add another dimension to the challenges of enlargement. Today Western Balkan countries, Turkey and Iceland are the countries involved in the future enlargements. Main aim of this paper is to analyse the impact of the EU crisis on the enlargement of the EU in general and on Western Balkans in particular. Although the EU enlargement process continues officially, current economic crisis has negatively affected the process. On the one hand, the EU with an ongoing crisis lost some attractiveness for the candidates and on the other hand, its absorption/integration capacity has decreased in the sense that a new enlargement wave with burdensome candidates would not be feasible for the EU. Besides, the crisis deepened the North-South divide in the EU and thus Western Balkan countries will be mostly among the Southern part in terms of economic and social development. Bearing in mind the negative perception of the European public opinion towards EU enlargement which deepened with the crisis, EU needs more legitimacy in order to justify the Western Balkans Enlargement. Last but not the least, growing EU demand from the candidates as a result of the evolving enlargement conditionality through the years is the other factor affecting the future of enlargement. Main argument of this paper is; although the economic and political crises of the EU do not present favourable conditions for both sides, the EU already has the justification for Western Balkans’ Enlargement due to its geographic location “in” Europe and the EU’s ineffective position to prevent the violence during the wars of 1990s which will be reverted to an active position with enlargement. Keywords: Conditionality, Crisis, European Union Enlargement, Western Balkans Publisher An entity responsible for making the resource available International Burch University Date A point or period of time associated with an event in the lifecycle of the resource 2014-04-24 Keywords Keywords. Article PeerReviewed Identifier An unambiguous reference to the resource within a given context ISSN 2303-4564 H Social Sciences (General) https://omeka.ibu.edu.ba/files/original/1e375222e663391919875bb1be9283e3.docx b1d6c4314a3bbaeaa9cc943269a86b2a https://omeka.ibu.edu.ba/files/original/57548e2f0ddff57fdd73ade04f6dc7fe.pdf 242c5da9c355c6828bd1c6d2953b9a03 PDF Text Text The Determinants of Tourist Arrivals at NUTSIII Level in Turkey BurcuTürkcan Ege University Turkey burcu.turkcan@ege.edu.tr Abstract:Tourism is one of the key sectors in the regional economic growth and development. Especially countries, which have coastal areas, historical places and famous cultural events like Olympics, Carnivals, Film Festivals etc.- experience high tourism turnovers and hence some other macroeconomic benefits. Particularly, the typical kinds of these macroeconomic benefits that governments can expect from tourism include; earning foreign currency and making a positive contribution to the balance of payments; developing the services sector and contributing to the gross domestic product; attracting inward investment and income multiplier effects; and employment creation. Consequently, tourism has a key importance in both national and regional economies. By taking into account these macroeconomic impacts of tourism sector, the main aims of this study are to analyze the determinants of tourist arrivals at NUTSIII level in Turkey and to make policy recommendations for regional authorities in order to enhance tourism sector in their regions. In this respect, in the first section of this study, the role and importance of tourism sector in regional economic growth and development are explained and some key statistics about the issue are given. In the second section, a spatial panel data analysis is conducted for the period of 2000 - 2010 and the empirical results are interpreted. Lastly, in the third section, by following the empirical results, some policy recommendations for the regional administrations are made. This study makes some contributions to the related literature because of the fact that, to the best of our knowledge, this is the first study examining the determinants of tourist arrivals at NUTSIII level in Turkey by using spatial econometric methods. Keywords: Tourism, regional economics, spatial econometrics, Turkey 60 � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Extent The size or duration of the resource. 2495 Title A name given to the resource The Determinants of Tourist Arrivals at NUTSIII Level in Turkey Author Author TÜRKCAN, Burcu Abstract A summary of the resource. Tourism is one of the key sectors in the regional economic growth and development. Especially countries, which have coastal areas, historical places and famous cultural events -like Olympics, Carnivals, Film Festivals etc.- experience high tourism turnovers and hence some other macroeconomic benefits. Particularly, the typical kinds of these macroeconomic benefits that governments can expect from tourism include; earning foreign currency and making a positive contribution to the balance of payments; developing the services sector and contributing to the gross domestic product; attracting inward investment and income multiplier effects; and employment creation. Consequently, tourism has a key importance in both national and regional economies. By taking into account these macroeconomic impacts of tourism sector, the main aims of this study are to analyze the determinants of tourist arrivals at NUTSIII level in Turkey and to make policy recommendations for regional authorities in order to enhance tourism sector in their regions. In this respect, in the first section of this study, the role and importance of tourism sector in regional economic growth and development are explained and some key statistics about the issue are given. In the second section, a spatial panel data analysis is conducted for the period of 2000 - 2010 and the empirical results are interpreted. Lastly, in the third section, by following the empirical results, some policy recommendations for the regional administrations are made. This study makes some contributions to the related literature because of the fact that, to the best of our knowledge, this is the first study examining the determinants of tourist arrivals at NUTSIII level in Turkey by using spatial econometric methods. Keywords: Tourism, regional economics, spatial econometrics, Turkey Publisher An entity responsible for making the resource available International Burch University Date A point or period of time associated with an event in the lifecycle of the resource 2014-04-24 Keywords Keywords. Article PeerReviewed Identifier An unambiguous reference to the resource within a given context ISSN 2303-4564 H Social Sciences (General) https://omeka.ibu.edu.ba/files/original/e76022707feefdf4c90e9d05b9daa4dd.docx 27fd0b2bd2dfd96474d6830a4d8512b8 https://omeka.ibu.edu.ba/files/original/860906eb288f3e0366931ea2dba4e00a.pdf 2897b2bb3504b7ba91a2e50aa7603b57 PDF Text Text A View to the Short and Long Run Dynamic Relationship between Crude Oil and the Major Asset Classes Ibrahim Turhan Borsa Istanbul Turkey ErkHacihasanoglu Borsa Istanbul Turkey erk.hacihasanoglu@borsaistanbul.com AhmetSensoy Borsa Istanbul Turkey KevserOzturk Borsa Istanbul Turkey Abstract: Using DCC-MIDAS model, we analyze the time-varying correlations between crude oil and the major asset classes by taking into account both long and short term components. Next, the structural changes in the long term correlation components are determined by a novel methodology of penalized contrast functions, and the robustness of the results is checked with Markov switching regressions. We reveal that there is a strong positive (negative) secular trend toward higher correlation magnitudes across crude oil and gold (dollar index) over our sample time period. On the other hand, the increase toward higher positive correlation levels between crude oil-stock market and crude oil-bond market occur in a near-instantaneous fashion after the 2008 global financial crisis. In particular, the structural changes in the long term correlations are observed around April-May 2009. Following Fed's tapering signals in 2013, we observe a significant rise in crude oil-dollar index correlation for both short and long run components. Such a situation might indicate the reversion of the relationship between these two markets to pre-crisis status. Keywords: DCC-MIDAS; crude oil; interest rate; exchange rate; stock market; gold. 92 � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Extent The size or duration of the resource. 2546 Title A name given to the resource A View to the Short and Long Run Dynamic Relationship between Crude Oil and the Major Asset Classes Author Author TURHAN, Ibrahim HACIHASANOGLU, Erk SENSOY, Ahmet OZTURK, Kevser Abstract A summary of the resource. Using DCC-MIDAS model, we analyze the time-varying correlations between crude oil and the major asset classes by taking into account both long and short term components. Next, the structural changes in the long term correlation components are determined by a novel methodology of penalized contrast functions, and the robustness of the results is checked with Markov switching regressions. We reveal that there is a strong positive (negative) secular trend toward higher correlation magnitudes across crude oil and gold (dollar index) over our sample time period. On the other hand, the increase toward higher positive correlation levels between crude oil-stock market and crude oil-bond market occur in a near-instantaneous fashion after the 2008 global financial crisis. In particular, the structural changes in the long term correlations are observed around April-May 2009. Following Fed's tapering signals in 2013, we observe a significant rise in crude oil-dollar index correlation for both short and long run components. Such a situation might indicate the reversion of the relationship between these two markets to pre-crisis status. Keywords: DCC-MIDAS; crude oil; interest rate; exchange rate; stock market; gold. Publisher An entity responsible for making the resource available International Burch University Date A point or period of time associated with an event in the lifecycle of the resource 2014-04-24 Keywords Keywords. Article PeerReviewed Identifier An unambiguous reference to the resource within a given context ISSN 2303-4564 H Social Sciences (General) https://omeka.ibu.edu.ba/files/original/1859bc9c0ba498d34bcebbbb1bd07a29.docx a9447eb7fba2f290e48dcd65d83206ea https://omeka.ibu.edu.ba/files/original/fed4fd4f17897038db42123e7314e28d.pdf cdc15821d76e4ceab9e601faecb1856e PDF Text Text The Driving Forces behind Albania’s Growth GüngörTuran Epoka University Albania gturan@epoka.edu.al ÇeljetaSherifi Epoka University Albania celjetasherifi@gmail.com Abstract: This paper examines the determinants of the Albanian economic growth that occurred from 2002-2012. We have explored, first, the time series properties of the growth rates of gross domestic product and labor productivity with an extended battery of unit-root tests. Then, in a multivariate setting, we use the VAR model methodology to provide evidence that physical and human capital accumulation, R&D expenditure, openness and competitiveness are the main drivers of output, labor productivity and total factor productivity growth in the long run. Keywords: growth, Solow model, VAR methodology, Albania. 56 � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Extent The size or duration of the resource. 2486 Title A name given to the resource The Driving Forces behind Albania’s Growth Author Author TURAN, Güngör SHERIFI, Çeljeta Abstract A summary of the resource. This paper examines the determinants of the Albanian economic growth that occurred from 2002-2012. We have explored, first, the time series properties of the growth rates of gross domestic product and labor productivity with an extended battery of unit-root tests. Then, in a multivariate setting, we use the VAR model methodology to provide evidence that physical and human capital accumulation, R&D expenditure, openness and competitiveness are the main drivers of output, labor productivity and total factor productivity growth in the long run. Keywords: growth, Solow model, VAR methodology, Albania. Publisher An entity responsible for making the resource available International Burch University Date A point or period of time associated with an event in the lifecycle of the resource 2014-04-24 Keywords Keywords. Article PeerReviewed Identifier An unambiguous reference to the resource within a given context ISSN 2303-4564 H Social Sciences (General)