Browsing by Author "Akay, Gökhan H."
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The effect of labor supply changes on output: Empirical evidence from US industries
Akay, Gökhan H.; Doğan, Can (Springer, 2013)In this paper we examine the relationship between labor supply and industry-level output in the context of the specific factors model. Jones (Trade, balance of payment and growth: essays in honor of Charles P. Kindleberger, ... -
Exchange rate exposure at the firm and industry levels: Evidence from Turkey
Akay, Gökhan H.; Çifter, Atilla (Elsevier, 2014)The purpose of this study is to examine industry-weighted exchange rate exposure at the firm and industry level for Turkish plants. We use an unbalanced panel of plant-level data for manufacturing firms in Turkey during ... -
Multi-sector specific factors model with two mobile factors
Doğan, Can; Akay, Gökhan H. (Elsevier Science Bv, 2016)This paper is an extension of the specific factors model to the study of relative wages by considering a multi-industry model with skilled and unskilled labor as the only mobile factors. We show that for changes in the ... -
Oil prices and stock returns in the MENA countries: A firm-level data analysis
Çifter, Atilla; Akay, Gökhan H.; Doğan, F. İrem (Routledge Journals, Taylor & Francis Ltd, 2020)This article analyzes the effect of oil prices on real stock returns in the MENA countries. We use a panel of stock indexes from nine MENA countries: Saudi Arabia, Kuwait, Qatar, Oman, Egypt, Tunisia, Israel, Jordan, and ... -
Trade and factor returns: Empirical evidence from U.S. economy
Akay, Gökhan H. (Elsevier Science Bv, 2012)The purpose of this paper is to illustrate the usefulness of the specific factors model for calibrating the impact of various exogenous changes by simply estimating the elasticities of substitution for any number of sectors. ... -
Turkish tourism, exchange rates and income
Akay, Gökhan H.; Çifter, Atilla; Teke, Özdemir (Sage Publications Ltd, 2017)This study examines the effects of the exchange rate and income on Turkish tourism trade balance (TB) using quarterly data for the period 1998-2011. The authors use tourism trade-weighted exchange rate indices and foreign ...
