Browsing by Author "Berument, M. Hakan"

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Citation - WoS: 141
Citation - Scopus: 191
The Impact of Oil Price Shocks on the Economic Growth of Selected Mena Countries
(int Assoc Energy Economics, 2010) Berument, M. Hakan; Ceylan, Nildag Basak; Dogan, Nukhet; Tourism Management; Tourism Management; 05. School of Business; 01. Atılım University
This paper examines how oil price shocks affect the output growth of selected MENA countries that are considered either net exporters or net importers of this commodity, but are too small to affect oil prices. That an individual country's economic performance does not affect world oil prices is imposed on the Vector Autoregressive setting as an identifying restriction. The estimates suggest that oil price increases have a statistically significant and positive effect on the outputs of Algeria, Iran, Iraq, Kuwait, Libya, Oman, Qatar, Syria, and the United Arab Emirates. However, oil price shocks do not appear to have a statistically significant effect on the outputs of Bahrain, Djibouti, Egypt, Israel, Jordan, Morocco, and Tunisia. When we further decompose positive oil shocks such as oil demand and oil supply for the latter set of countries, oil supply shocks are associated with lower output growth but the effect of oil demand shocks on output remain positive.
Citation - WoS: 16
Citation - Scopus: 19
Soccer, Stock Returns and Fanaticism: Evidence From Turkey
(Elsevier Science Bv, 2009) Berument, M. Hakan; Ceylan, Nildağ Başak; Ceylan, Nildag Basak; Ogut-Eker, Gulin; Ceylan, Nildağ Başak; Tourism Management; Tourism Management; 05. School of Business; 01. Atılım University
This paper assesses the effect of three major soccer teams' wins on the returns of the Istanbul Stock Exchange (ISE). We argue that the effect of soccer wins on ISE returns increases with the fanaticism of the teams' supporters. (C) 2009 Western Social Science Association. Published by Elsevier Inc. All rights reserved.