Unlike previous milex-growth studies in the EU, this paper investigates this issue in context of the older and the newer members by providing a comparative analysis within a panel framework. Annual data ranging from 1988 ...

Previous empirical studies on the defense spending-economic growth nexus such as Kollias et al. (2007), Mylonidis (2008), Dunne and Nikolaidou (2012) analyzed this relationship in the case of the EU15. This study extends ...

Inspired by the finance-led growth hypothesis at the aggregate level, this study predicates this hypothesis on microfoundations to investigate the causality between financial development and firm growth in Turkish manufacturing ...

This paper assesses the relationship among oil prices, real output growth and employment in Turkey over the period 2000:1-2012:4 by using vector error correction methodology. Empirical findings indicate a long-run ...

The goal of this study is to investigate the impact of COVID-19 on emerging stock markets over the period March 10 – April 30, 2020. Findings reveal that the negative impact of pandemic on emerging stock markets has gradually ...