Industrial design students’ perceptions towards a career in user experience field in Turkey

International Journal of Technology and Design Education - The rapid growth of the user experience (UX) field has brought efforts to meet the increasing demand for specialists by welcoming...     

Regional inequalities and the West–East divide in Turkey since 1913

This paper examines the evolution of regional disparities within the present-day borders of Turkey since 1913. Based on our estimates for 58 provinces, we find β-convergence, an inverse U, and more recently, the beginnings of an N-shaped pattern for value added per capita. We also find that regional disparities in Turkey exhibit a number of special features that do not easily fit the well-studied pattern of the early industrializers. First, while per capita value added in other regions moved towards country averages, the differences between the East and the rest of the country persisted and even increased until recently. Second, spatial distribution of economic activity became more concentrated over time due to continued migration to the megacity of Istanbul. Third, we find that regional disparities in per capita value added in Turkey and other developing countries have been higher than those experienced by the early industrializers. These findings raise questions about the extent to which the regional disparities experiences of Turkey and other developing countries have been different than those of the early industrializers.     

The contribution of 3D computer modeling education to twenty-first century skills: self-assessment of secondary school students

International Journal of Technology and Design Education - In this study, the contribution of the 3D computer modeling to the twenty-first century’s common competencies was evaluated from the...     

Crisis of capitalism and cycles of right-wing populism in contemporary Turkey: The making and unmaking of Erdoğanist hegemony

This paper analyses the right-wing populist rule of Recep Tayyip Erdoğan's Adalet ve Kalkınma Partisi (AKP) in Turkey, focusing on the crisis of capitalism, emerging discontent in the rural populations, and opportunities for and obstacles to a successful left-wing populist mobilisation. We put forward three arguments. First, through an examination of the historical evolution, class-based and social-demographic foundations of the ruling right-wing populist alliance between the AKP and the Milliyetçi Hareket Partisi (MHP), we argue that the MHP is a more classical case of far-right populism, whereas the AKP is a “heterodox” case that borrows several elements from the left. These “heterodox” features of the AKP, together with the interlinked crisis of the 1990s, played a significant part in the support the AKP received from the subordinate majority. Second, we argue that the success of the AKP's hegemonic right-wing populism from 2002 to 2013 was linked to an unusually favourable macro-political-economic climate that helped the AKP counterbalance its neoliberal policies with pragmatic social assistance programmes. However, together with the disappearance of this macro-political-economic climate in the second decade of its rule (2013-present), the disastrous consequences of the AKP's neoliberal policies became more explicit, and the AKP's populism moved from a hegemonic to an authoritarian right-wing populist type. Third, we claim that today, due to the deepening of the current economic crisis (further exacerbated by the Covid19 pandemic), the AKP's cross-class alliance began to break down, and the rural movements in the Turkish countryside have been playing a major role in unmaking the AKP's hegemony. However, in the absence of a strong left-wing populist movement with a stronghold in the Turkish countryside, emergent possibilities for a radical progressive transformation are not utilised. Instead, the groundwork is being laid for another wave of right-wing populism.     

Institutional investors and cross-border mergers and acquisitions: The 2000–2018 period

Using a sample of mergers and acquisitions (M&As) from 26 countries over 2000–2018, we find that domestic institutional investors facilitate both domestic and cross-border M&As. The facilitation effect is more pronounced for domestic than cross-border M&As. When the acquirer country has greater financial freedom or better investor protection than the target country, domestic institutional investors facilitate cross-border M&As more effectively. As Ordinary Least Squares regressions are not the best approach regarding cross-border M&As, we confirm that the main results are robust to Zero-inflated Poisson regressions. Foreign institutional investors' influence on cross-border M&As is stronger when the sample excludes the United States.     

Nexus between economic risk and political risk in the United Kingdom: Evidence from wavelet coherence and quantile-on-quantile approaches

This study examines the linkage between economic risk and political risk in the United Kingdom. This linkage has attracted the attention of policymakers; however, there is no consequence of the linkage in the existing literature. The study aims to close this gap for the UK case by applying wavelet coherence (WTC) and quantile-on-quantile regression (QQR) approaches and using quarterly data between 1984/Q1 and 2020/Q4. The results of the WTC reveal that there is time–frequency dependency between economic risk and political risk majorly in the medium and low frequencies. Moreover, the direction of the causality changes over time. Furthermore, the outcomes of the WTC show that economic risk leads political risk between 1995 and 2005, whereas political risk leads economic risk from 2006 to 2019. The outcomes of the QQR approach disclose that in the higher tail (0.7–0.95) of political risk and lower and medium tail (0.05–0.60) of economic risk, the effect of political risk on economic risk is positive and strong. On the flip side, at all quantiles (0.05–0.95) of economic risk and lower quantiles (0.10–0.30) of political risk, the effect of political risk on economic risk is positive and strong. The results are also validated by the outcomes of partial wavelet coherence, multiple wavelet coherence, and quantile regression. Hence, the results highlight the importance of political risk (economic risk) for economic risk (political risk) in the UK case.     

Access to transportation,residential segregation,and economic opportunity

The Housing Choice Voucher Program assists low-income families to afford decent housing and provide them with better economic opportunities. There is growing evidence that public transportation plays an important role in shaping the residential location choices of low-income households. However, transportation has not been a major focus of the research related to housing voucher programs. We develop a general equilibrium model of a city with multiple districts, decentralized employment, multiple commuting modes, and locally financed education. We compare housing vouchers with transportation vouchers with respect to poverty deconcentration, educational quality in each district, unskilled employment in the suburbs, and welfare.     

Credit risk pricing in a consumption-based equilibrium framework with incomplete accounting information

We present a consumption-based equilibrium framework for credit risk pricing based on the Epstein–Zin (EZ) preferences where the default time is modeled as the first hitting time of a default boundary and bond investors have imperfect/partial information about the firm value. The imperfect information is generated by the underlying observed state variables and a noisy observation process of the firm value. In addition, the consumption, the volatility, and the firm value process are modeled to follow affine diffusion processes. Using the EZ equilibrium solution as the pricing kernel, we provide an equivalent pricing measure to compute the prices of financial derivatives as discounted values of the future payoffs given the incomplete information. The price of a zero-coupon bond is represented in terms of the solutions of a stochastic partial differential equation (SPDE) and a deterministic PDE; the self-contained proofs are provided for both this representation and the well-posedness of the involved SPDE. Furthermore, this SPDE is numerically solved, which yields some insights into the relationship between the structure of the yield spreads and the model parameters.