Browsing by Author "Bulut, Umit"
Now showing items 1-19 of 19
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Can biomass energy be an efficient policy tool for sustainable development?
Bilgili, Faik; Kocak, Emrah; Bulut, Umit; Kuskaya, Sevda (PERGAMON-ELSEVIER SCIENCE LTD, 2017)This paper first reviews the potential causality from biomass energy to CO2 emissions and economic development within relevant literature. Later, the paper examines statistically the impacts of biomass energy consumption ... -
The dynamic impact of renewable energy consumption on CO2 emissions: A revisited Environmental Kuznets Curve approach
Bilgili, Faik; Kocak, Emrah; Bulut, Umit (PERGAMON-ELSEVIER SCIENCE LTD, 2016)This paper considers a revisited Environmental Kuznets Curve (EKC) hypothesis with potential impact of renewable energy consumption on environmental quality. To this end, paper aims at investigating the validity of the EKC ... -
Financial Conditions Index as a Leading Indicator of Business Cycles in Turkey
Bulut, Umit (SPRINGER INTERNATIONAL PUBLISHING AG, 2017)A financial conditions index (FCI) is an instrument that is developed using some financial variables in order to predict future output and/or inflation. Therefore, some studies in the literature examine the relationship ... -
HAVE FINANCIAL STABILITY CONCERNS CHANGED THE PRIORITY OF THE CENTRAL BANK OF THE REPUBLIC OF TURKEY?
Erdem, Ekrem; Bulut, Umit; Kocak, Emrah (DE GRUYTER POLAND SP ZOO, 2017)This paper aims at analysing whether the Central Bank of the Republic of Turkey (CBRT), designing a new monetary policy framework to achieve financial stability in the last quarter of 2010, tries to pursue financial stability ... -
How did the US economy react to shale gas production revolution? An advanced time series approach
Bilgili, Faik; Kocak, Emrah; Bulut, Umit; Sualp, M. Nedim (PERGAMON-ELSEVIER SCIENCE LTD, 2016)This paper aims at examining the impacts of shale gas revolution on industrial production in the US. To this end, this paper, first, throughout literature review, exposes the features of shale gas revolution in the US in ... -
How Far Ahead Does the Central Bank of the Republic of Turkey Look?
Bulut, Umit (DE GRUYTER POLAND SP ZOO, 2016)In monetary economics literature, there is an agreement that monetary policy has a lagged effect on inflation. As a result of this agreement, monetary policy reaction functions that include expected inflation, instead of ... -
The impact of urbanization on energy intensity: Panel data evidence considering cross-sectional dependence and heterogeneity
Bilgili, Faik; Kocak, Emrah; Bulut, Umit; Kuloglu, Ayhan (PERGAMON-ELSEVIER SCIENCE LTD, 2017)As population grows considerably in the world, the correlation between intensity of population in urban areas and energy intensity becomes an important issue in energy field. This paper aims at examining the effects of ... -
The impacts of non-renewable and renewable energy on CO2 emissions in Turkey
Bulut, Umit (SPRINGER HEIDELBERG, 2017)As a result of great increases in CO2 emissions in the last few decades, many papers have examined the relationship between renewable energy and CO2 emissions in the energy economics literature, because as a clean energy ... -
Inflation Expectations in Turkey: Determinants and Roles in Missing Inflation Targets
Bulut, Umit (DE GRUYTER POLAND SP ZOO, 2018)This paper aims at specifying the determinants of 12-month ahead and 24-month ahead inflation expectations in Turkey by using monthly data from April 2006 to December 2016. Put differently, this paper tries to shed light ... -
The influence of biomass energy consumption on CO2 emissions: a wavelet coherence approach
Bilgili, Faik; Ozturk, Ilhan; Kocak, Emrah; Bulut, Umit; Pamuk, Yalcin; Mugaloglu, Erhan; Baglitas, Hayriye H. (SPRINGER HEIDELBERG, 2016)In terms of today, one may argue, throughout observations from energy literature papers, that (i) one of the main contributors of the global warming is carbon dioxide emissions, (ii) the fossil fuel energy usage greatly ... -
Is tourism an engine for economic recovery? Theory and empirical evidence
Dogru, Tarik; Bulut, Umit (ELSEVIER SCI LTD, 2018)The purpose of this study is to examine the causal relationships between tourism development and economic growth. For this purpose, the Dumitrescu and Hurlin (2012) technique was employed to analyze the casual link between ... -
Measuring the impacts of monetary policy in Turkey: an extended structural vector autoregressive model with structural breaks
Bulut, Umit (Springer, 2023)The goal of this paper is to measure the impacts of monetary policy shocks in Turkey using monthly data spanning the period 2011:M01–2021:M12. To that end, the paper extends the structural vector autoregressive (SVAR) ... -
Monetary Policy and Asset Prices in the Period Following the Global Crisis: The Case of Turkey
Bulut, Umit (ESKISEHIR OSMANGAZI UNIV, FAC EDUCATION, 2017)This paper aims at examining whether the Central Bank of the Republic of Turkey (CBRT) reacts to changes in asset prices in the period following the global crisis. To this end, the reaction function of the CBRT is extended ... -
Renewable energy in Turkey: Great potential, low but increasing utilization, and an empirical analysis on renewable energy-growth nexus
Bulut, Umit; Muratoglu, Gonul (ELSEVIER SCI LTD, 2018)Concerns about the exhaustion of fossil energy sources, energy security problems, and increasing environmental problems have led policy makers to pay greater attention to renewable energy sources all over the world. ... -
A revisited renewable consumption-growth nexus: A continuous wavelet approach through disaggregated data
Bilgili, Faik; Kuskaya, Sevda; Toguc, Nurhan; Mugaloglu, Erhan; Kocak, Emrah; Bulut, Umit; Baglitas, H. Hilal (PERGAMON-ELSEVIER SCIENCE LTD, 2019)In this research, we aim at exploring the influence of renewables on industrial production (Ip) in the US by following continuous wavelet coherence and partial continuous wavelet coherence analyses. To this end, we observed ... -
Revisiting energy intensity convergence: new evidence from OECD countries
Bulut, Umit; Durusu-Ciftci, Dilek (SPRINGER HEIDELBERG, 2018)In this study, we examine the energy intensity convergence in OECD countries within the context of recent developments in unit root analysis by paying attention to modeling structural shifts. We collect the total primary ... -
Testing environmental Kuznets curve for the USA under a regime shift: the role of renewable energy
Bulut, Umit (SPRINGER HEIDELBERG, 2019)The goals of this paper are to examine whether the environmental Kuznets curve (EKC) holds and to investigate whether renewable energy consumption can decrease CO2 emissions in the USA using monthly data spanning the period ... -
THEORY OF VULNERABILITY AND REMARKABLE RESILIENCE OF TOURISM DEMAND TO CLIMATE CHANGE: EVIDENCE FROM THE MEDITERRANEAN BASIN
Dogru, Tarik; Bulut, Umit; Sirakaya-Turk, Ercan (COGNIZANT COMMUNICATION CORP, 2016)Climate change has become one of the most important challenges for societies around the world. However, the tourism industry's vulnerability and readiness to cope with climate change are unclear. This study advances the ... -
What caused the rise of Airbnb? An examination of key macroeconomic factors
Doğru, Tarık; Zhang, Yingsha; Suess, Courtney; Mody, Makarand; Bulut, Umit; Sırakaya-Turk, Ercan (Elsevier Ltd, 2020)The social and economic implications of the Airbnb phenomenon have been the subject of much research. Yet, the academic literature on Airbnb is nascent. Specifically, the issue of whether major macroeconomic conditions ...