EconWorld2016@London

10–12 August 2016 · London, United Kingdom · Imperial College London, Sir Alexander Fleming Building

The 4th EconWorld conference (International Conference in Economics) was held in London, United Kingdom on 10–12 August 2016 at Imperial College London, Sir Alexander Fleming Building.

Organizing Committee

ZK Secretary

Zeynep Karal

JS Secretary

Jitka Siriner

Hasan DuduEuropean Comission Joint Research Center IPTS, Spain
Yilmaz KilicaslanAnadolu University, Turkey
Daniela MaggioniUniversity of Catania, Italy
İsmail SirinerBatman University, Turkey

Scientific Committee

Ali T. AkarcaUniversity of Illinois at Chicago, USA
Teimuraz BeridzeIvane Javakhishvili Tbilisi State University, Georgia
Max BoutXavier University, USA
Erol CakmakTED University, Turkey
Celia CenkinsUniversity of Westminster, United Kingdom
Dana DluhošováVŠB – Technical University of Ostrava, Czech Republic
Nazim K. EkinciHarran University, Turkey
Erkan ErdilMETU, Turkey
Vittorio FerreroIRES, Italy
Alfredo Saad FilhoUniversity of London, SOAS, United Kingdom
Alper GuzelOndokuz Mayis University, Turkey
Ayhan KoseWorldbank, USA
Daniela MaggioniUniversity of Catania, Italy
Fahrang MoradyWestminster University, United Kingdom
Azra MusaviAligarh Muslim University, India
Nadir OcalMETU, Turkey
Ahmet ÖncüSabancı University, Turkey
Vladimer PapavaIvane Javakhishvili Tbilisi State University, Georgia
Serdar SayanTOBB ETU, Turkey
Robin C. SicklesRice University, USA
Macello La RosaIRES, Italy
A. Cevat TasiranMiddlesex University
Erol TaymazMETU, Turkey
Hulya UlkuWorldbank, USA
Tomas WroblowskyVŠB-Technical University of Ostrava, Czech Rep
Paul ZarembkaBuffalo University, USA

Accepted papers 45

Paper	Authors	Abstract
T1A – Financial Markets
The New Stock that Did Not Underperform	Bader Alhashel	Abstract
Assessing Cost and Profit Efficiency by a Joint Application of Parametric and Non-parametric Approaches: Evidence from the Algerian Banking System	Benzai Yassine, Aouad Hadjar Soumia	Abstract
Estimating Risk-Neutral Distribution and Risk Aversion for the Indian Options Index Market	Sonalika Sinha	Abstract
T1B – Turkish Economy / Türkiye Ekonomisi
Innovative University Culture: A Scale Development Study/ Yenilikçi Üniversite Kültürü: Bir Ölçek Geliştirme Çalışması	Nurcan Hakan Çırakları, Ethem Duygulu	Abstract
Testing Unemployment Series Stationarity Properties for Turkey: Is Natural rate of unemployment or unemployment hysteresis?/ İşsizlik Serisinin Durağanlık Özelliklerinin Test Edilmesi: Doğalİşsizlik Oranı mı ya da İşsizlik Histerisi mi?	Ethem Esen, Sultan Fatih Kostakoğlu	Abstract
An Analysis of the Causality Relationship of Consumer Loans with Inflation and Current Account Deficit in Turkey / Türkiye’deki Bireysel Krediler ile Enflasyon ve Cari İşlemler Açığı Arasındaki Nedensellik İlişkisinin İncelenmesi	Serhat Yüksel, Mustafa Özsarı	Abstract
T1C – Environment and Economy / Çevre ve Ekonomi
Evaluation of Low Carbon Development (LCD) Levels of EU Countries and Turkey by Grey Relational Analysis/ AB Ülkeleri ve Türkiye’nin Düşük Karbonlu Kalkınma Düzeylerinin Gri İlişkisel Analiz ile Değerlendirilmesi	Nesrin Alptekin, Orkun Alptekin, Bilal Saraç	Abstract
Sustainable Development and Energy Relations in Turkey’s EU Accession Process / Türkiye’nin AB’ye Uyum Sürecinde Sürdürülebilir Kalkınma ve Enerji İlişkisi	Füsun Yenilmez, Mehmet Samet Erdem	Abstract
The Low Carbon Solution to Turkey’s Fossil Energy Problems: Green Economy / Türkiye’nin Fosil Enerji Kaynaklı Sorunlarına Düşük Karbonlu Bir Çözüm: Yeşil Ekonomi	Ceyda Erden Özsoy, Ahmet Dinç	Abstract
T2A – Environment
Impact of Climate Change on Turkish Agriculture: Autonomous Adaptation and Farmers’ Risk Behavior	Gökhan Özertan, Yiğit Gürdal, Barış Karapınar, Gözde Unal	Abstract
What’s the Cost of Regulating the Environment? Aggregate İmplications of Cap-and-Trade Programs	Evangelina Dardati, Meryem Saygılı	Abstract
A Data Envelopment Analysis Application for Comparing Efficiency of G7 Countries and Turkey	Aslışah Şenak, Nuray Girginer	Abstract
T2B – Macro Economy / Makro Ekonomi
The Relationship between Credit Volume and Current Account Deficit: A Dynamic Analysis for Turkey / Kredi Hacmi ile Cari Açık arasındaki İlişki: Türkiye için dinamik Bir Analiz	Pınar Karahan, Nilgün Çağlarırmak Uslu	Abstract
Structural Analysis of the Turkish Economy’s Balance of Payments: 1984-2015 / Türk Ekonomisinde Ödemeler Bilançosunun Yapısal analizi: 1984-2015	Füsun Yenilmez, Yahya Can Dura	Abstract
Reserve Option Mechanism from Monetary Policy Instruments Being Implemented in Turkey / Türkiye’de Uygulanan Para Politikası Araçlarından Rezerv Opsiyon Mekanizması (ROM)	Burhan Doğan, Yasin Altın	Abstract
T2C – Public Finance / Kamu Maliyesi
The Relationship between Tax Revenues and Economic Growth: A Panel Data Analysis on the OECD Countries / Vergi Gelirleri Ekonomik Büyüme İlişkisi: OECD Ülkelerine İlişkin Bir Panel Veri Analizi	Murat Demir, Erşan Sever	Abstract
Evaluation of Efficiencies of Hospitals in Turkey Using Data Envelopment Analysis/ Türkiye’de Hastanelerin Etkinliğinin Veri Zarflama Analizi ile Değerlendirilmesi	Selin Çalışkan, Nuray Girginer	Abstract
Relation Causality between Stock and Futures Markets: An Application on the BIST / Menkul Kıymet ve Vadeli İşlem Piyasaları arasındaki Nedensellik İlişkisi: BİST Üzerine Bir Uygulama	Abdulkadir Kaya, Mehmet Suphi Özçomak, Sakir Dizman	Abstract
T3A – Firm Studies
The Entrepreneurial Decision Making: Use of Effectuation and Relation with Perceived Financial Performance and Innovation in the Firm	Subeika Rizvi, Shahid Querishi	Abstract
Corporate Governance Rating Changes at Borsa Istanbul	Emrah Arioğlu, Onder Uzkaralar, Metin Borak, Koray Tuan	Abstract
Role of Islamic Banking on Entrepreneurship: The Key to Global Prosperity and Employment	Hafiz Mushtaq Ahmad, Shazia Mushtaq	Abstract
T3B – Social Capital and Education / Beşeri Sermaye ve Eğitim
Reviewing the Glass Ceiling Syndrome Perception of Academicians with Exploratory Factor Analysis: An Application on ESOGU Academicians/ Akademisyenlerin Cam Tavan Sendromu Algılarının Açıklayıcı Faktör Analizi ile İncelenmesi: ESOGÜ Akademisyenleri	Nuray Girginer, Zeliha Kaygısız Ertuğ, Tuba Yiyit	Abstract
Role of Social Media on Social Movements / Sosyal Medyanın Toplumsal Hareketler Üzerindeki Rolü	Nuray Girginer, Gökçe Özcan	Abstract
T3C – Entrepreneurship/ Girişimcilik
The Importance of Business Ethics and Social Responsibility for Entrepreneurship / Girişimcilikte İş Ahlakı ve Sosyal Sorumluluğunun Önemi	Berfu Ilter	Abstract
Discovering The Culture of Innovation: A Qualitative Study /Yenilikçilik Kültürünü Keşfetmek : Nitel Bir Araştırma	Ethem Duygulu, Nurcan Hakan Çıraklar, Özlem Abacıoglu	Abstract
Worldwide Practices of Micro Credit within the Context of Increasing Entrepreneurship / Girişimciliğin Artırılması Kapsamında Dünya Çapında Mikro Kredi Uygulamaları	Damla Geldişen, Ergü Armutlu	Abstract
The Socio-Economic Dimension of Urban Regeneration in Turkish Construction Sector / Türk İnşaat Sektöründe Kentsel Dönüşümün Sosyo-Ekonomik Boyutu	Emre Altuğ Özsoy	Abstract
F1A – Country Studies
Economic Costs of Briexit From The EU: Costs Involved For The EU and UK	Murat Pütün	Abstract
Did Sweden Gain or Lose not Joining the European Monetary Union	Emilia Gyoerk	Abstract
Cutback Management Through Public Procurement in Spanish Regional Governments	Jose Caamano-Alegre, Pilar Gago-de-Santos	Abstract
The Economic Consequences of the Youth Unemployment Case the EU Countries: A Critical Analysis	Murat Pütün, Ali Samet Karataş, İbrahim Ethem Akyıldız	Abstract
F1B – Theoretical Discussion in Economics / Ekonomide Teorik Tartışmalar
Different Approaches to Underground Economy Effect / Kayıt Dışı Ekonominin Etkilerine Farklı Yaklaşımlar	Zeynep Erdinç	Abstract
Institutional Economics and Naturalism: Problems and Prospects? / Kurumsal İktisat ve Naturalizm: Ortodoks İktisada Muhalefetin İmkanları ve Kısıtları	Ferudun Yılmaz	Abstract
Price and Income Elasticities of Telecommunication: Example of Turk Telekom/ Telekomünikasyon Fiyat ve Gelir Esneklikleri: Türk Telekom Örneği	Yeliz Zoğal	Abstract
F1C – Monetary Policy / Para Politikası
Does Price Stability entail Financial Stability? / Fiyat İstikrar Finansal İstikrar Sağlar mı?	Nejla Adanur Aklan	Abstract
The Inflationary Effects of Politic Crisis with Russia band Turkey / Rusya ile Türkiye Arasında Yaşanan Politik Krizin Enflasyonist Etkileri	Zişan Kılıçkan	Abstract
Macro and Micro Factors Determining the Ratio of Non-Performing Loans for Deposit Banks in the Turkish Banking Sector / Türk Bankacılık Sektöründe Mevduat Bankaları için Takipteki Kredi Oranını Belirleyen Makro ve Mikro Faktörler	Nuray İslatince	Abstract
F2A – Technology and Efficiency
Technological Cooperation between Countries: An Analysis with Patent Applications	Ulaş Akküçük	Abstract
The Economics of App Review	Ming Gao, Travis Ng	Abstract
Innovation and Competition in a Memory Process	Juan A. Correa	Abstract
A Kaldorian Interpretation of the Turkish Economic Growth Performance	Lütfi Uçal, Esra Ballı	Abstract
F2B – Behavioral Studies / Davranışsal Çalışmalar
Response of EU Public Opinion Against the Free Trade Agreement Between US and EU / AB ile ABD arasında Yürütülen Serbest Ticaret Anlaşması’na AB Kamuoyunun Tepkisi	Ersin Uğurkan	Abstract
An Assessment of Financial Decision Making in Markets: A Behavioural Finance Perspective / Piyasalarda Finansal Karar Süreçlerinin Davranışsal Finans Perspektifinden Değerlendirilmesi	Hülya Akay	Abstract
How Many Hours Do Unemployed Desire to Work in Turkey? / Türkiye’de İşsizler Ne Kadar Süre Çalışmak İstiyorlar?	İsmail Şentürk, Murat İstekli	Abstract
The Factors that affect the Probfitability of the Companies: The Sample of BIST 30 / Frimaların Karlılığını Etkileyen Faktörler: BIST 30 Örneği	Özge Korkmaz, Şenol Kılıçaslan	Abstract