Yazar "Colakovic, Namik" seçeneğine göre listele

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    Öğe
    Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism
    (2019) Muslija, Adnan; Satrovic, Elma; Colakovic, Namik
    This paper explores the dynamic relationship between economic freedom and the tourism industrywhile controlling for the potential heterogeneity. Countries that report high levels of economicfreedom index tend to have a more favorable business climate that increases the stability of the labormarket; monetary system and rule of law. As a consequence, it can attract more investments indifferent sectors including the tourism industry. Thereby, economic freedom is expected to cause thetourism industry. Herein, we have explored the link of interest by collecting the balanced panel datafor 87 countries over the period 2002-2015. The methodology includes the panel VAR model. Thefindings of this article suggest a unidirectional link running from economic freedom to the tourismindustry. Given the importance of the tourism industry, this paper suggests that governments shouldmake necessary changes to foster economic freedom since it is found to be an important factor toattract foreign tourists.
  • [ X ]
    Öğe
    THE CAUSAL LINK BETWEEN ELECTRICITY GENERATION AND CO2 EMISSIONS:TODA AND YAMAMOTO APPROACH
    (Pan-European Univ Apeiron, 2020) Muslija, Adnan; Satrovic, Elma; Colakovic, Namik
    The link between energy consumption and CO2 emissions has received a significant research attention in the last few decades in the case of Turkey. The authors in general agree on the positive link between these two macroeconomic terms. However, the link between electricity generation and CO2 emissions did not receive much attention what was the motivation to conduct this study. Thus, this paper aims to provide empirical evidence on the link between these two variables while controlling for the role of the population growth. The time-series data are collected at annual basis in the period between 1974 and 2016. Our results reveal a bidirectional causal link between electricity generation and population growth. These findings imply that population growth stimulates the electricity generation. In addition, electricity generation tends to stimulate the population growth. This is since some of the countries in the World have big problems with electricity supply. It influences negatively the manufacturing sector, educational sector as well as many other sectors. Moreover, a bidirectional link between population growth and CO2 emissions are recorded. More population is expected to demand more working place, and firms especially those in industry sector are known as significant energy gluttons. The empirical evidence of this paper can serve as an important insight for decision makers. At first, it suggests the necessity to think of the possibilities to develop renewable energy in Turkey. This is since Turkey has a great potential in the fields of renewable energy. In this light, Turkey may solve the problem of the great reliance on the imported energy. Moreover, the business climate should be more favorable for investors tending to support the projects in the fields of renewable energy. Apart from these, it is of great importance to make a necessary effort to increase the energy efficiency which will reduce the current energy consumption and CO2 emission consequently. At last, it would be necessary to educate both, the private and public sector, on the benefits of renewable energy.
  • Küçük Resim
    Öğe
    The causal link between electricity generation and co2 emissions:toda and yamamoto approach
    (2020) Satrovic, Elma; Colakovic, Namik; Muslija, Adnan
    Th e link between energy consumption and CO2 emissions has received a signifi - cant research attention in the last few decades in the case of Turkey. Th e authors in general agree on the positive link between these two macroeconomic terms. However, the link between electricity generation and CO2 emissions did not receive much attention what was the motivation to conduct this study. Th us, this paper aims to provide empirical evidence on the link between these two variables while controlling for the role of the population growth. Th e time-series data are collected at annual basis in the period between 1974 and 2016. Our results reveal a bidirectional causal link between electricity generation and population growth. Th ese fi ndings imply that population growth stimulates the electricity generation. In addition, electricity generation tends to stimulate the population growth. Th is is since some of the countries in the World have big problems with electricity supply. It infl uences negatively the manufacturing sector, educational sector as well as many other sectors. Moreover, a bidirectional link between population growth and CO2 emissions are recorded. More population is expected to demand more working place, and fi rms especially those in industry sector are known as signifi cant energy gluttons. Th e empirical evidence of this paper can serve as an important insight for decision makers. At fi rst, it suggests the necessity to think of the possibilities to develop renewable energy in Turkey. Th is is since Turkey has a great potential in the fi elds of renewable energy. In this light, Turkey may solve the problem of the great reliance on the imported energy. Moreover, the business climate should be more favorable for investors tending to support the projects in the fi elds of renewable energy. Apart from these, it is of great importance to make a necessary eff ort to increase the energy effi ciency which will reduce the current energy consumption and CO2 emission consequently. At last, it would be necessary to educate both, the private and public sector, on the benefi ts of renewable energy.