İsmihan, Mustafa
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Name Variants
Mustafa, İsmihan
İ.,Mustafa
Ismihan, Mustafa
İsmihan,M.
M.,İsmihan
İsmihan, Mustafa
I.,Mustafa
Mustafa, Ismihan
I., Mustafa
M.,Ismihan
Ismihan,M.
M., Ismihan
Ismihan, M
İ.,Mustafa
Ismihan, Mustafa
İsmihan,M.
M.,İsmihan
İsmihan, Mustafa
I.,Mustafa
Mustafa, Ismihan
I., Mustafa
M.,Ismihan
Ismihan,M.
M., Ismihan
Ismihan, M
Job Title
Profesör Doktor
Email Address
mustafa.ismihan@atilim.edu.tr
Main Affiliation
Department of Business
Status
Former Staff
Website
ORCID ID
Scopus Author ID
Turkish CoHE Profile ID
Google Scholar ID
WoS Researcher ID
Sustainable Development Goals
1NO POVERTY
0
Research Products
2ZERO HUNGER
0
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3GOOD HEALTH AND WELL-BEING
0
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4QUALITY EDUCATION
0
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5GENDER EQUALITY
0
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6CLEAN WATER AND SANITATION
0
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7AFFORDABLE AND CLEAN ENERGY
0
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8DECENT WORK AND ECONOMIC GROWTH
4
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9INDUSTRY, INNOVATION AND INFRASTRUCTURE
1
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10REDUCED INEQUALITIES
0
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11SUSTAINABLE CITIES AND COMMUNITIES
0
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12RESPONSIBLE CONSUMPTION AND PRODUCTION
0
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13CLIMATE ACTION
0
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14LIFE BELOW WATER
0
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15LIFE ON LAND
0
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16PEACE, JUSTICE AND STRONG INSTITUTIONS
1
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17PARTNERSHIPS FOR THE GOALS
3
Research Products
This researcher does not have a Scopus ID.
This researcher does not have a WoS ID.
Scholarly Output
16
Articles
11
Views / Downloads
16/64
Supervised MSc Theses
2
Supervised PhD Theses
3
WoS Citation Count
109
Scopus Citation Count
132
Patents
0
Projects
0
WoS Citations per Publication
6.81
Scopus Citations per Publication
8.25
Open Access Source
2
Supervised Theses
5
| Journal | Count |
|---|---|
| Emerging Markets Finance and Trade | 2 |
| Economics Letters | 2 |
| Applied Economics | 2 |
| Review of Keynesian Economics | 1 |
| International Journal of Economic Perspectives | 1 |
Current Page: 1 / 2
Scopus Quartile Distribution
Competency Cloud
11 results
Scholarly Output Search Results
Now showing 1 - 10 of 11
Article Citation - WoS: 18Citation - Scopus: 21Does Central Bank Independence Lower Inflation?(Elsevier Science Sa, 2004) Ismihan, M; Ozkan, FG; Gulcin Ozkan, F.This paper provides a potential explanation for the recent findings of no significant relationship between central bank independence (CBI) and lower inflation. We argue that although CBI delivers lower inflation in the short-term, it may reduce the scope for productivity enhancing public investment and so harm future growth potential. We also argue that the effects on growth make CBI less likely to achieve lower inflation in the long-term. (C) 2004 Elsevier B.V. All rights reserved.Article Citation - WoS: 2Citation - Scopus: 2A Note on Public Investment, Public Debt, and Macroeconomic Performance(Cambridge Univ Press, 2011) Ismihan, Mustafa; Ozkan, F. GulcinThis paper provides an assessment of public capital spending within a macroeconomic policy model with explicit monetary and fiscal interactions, in contrast to most of the existing analyses of public investment that utilize "real" general equilibrium models. As such, we are able to consider the interactions of public investment with inflation, taxation, and public debt. Our results indicate that a clear trade-off exists between the costs and benefits of public investment, as is the case in the existing literature. However, the use of a monetary-fiscal policy model rather than a "real" general equilibrium one enables us to trace the macroeconomic channels including monetary ones through which these costs and benefits are transmitted to the rest of the economy. To the extent that these costs and benefits vary between countries, our results provide a potential explanation for the mixed empirical findings on the real effects of public capital spending.Article Citation - WoS: 17Citation - Scopus: 17Productivity and Growth in an Unstable Emerging Market Economy: the Case of Turkey, 1960-2004(Routledge Journals, Taylor & Francis Ltd, 2009) Ismihan, Mustafa; Metin-Ozcan, KivilcimThis paper explores sources of growth in the Turkish economy by performing growth accounting exercises over the 1960-2004 period and relevant subperiods. It also analyzes the role of a number of important policy-related factors, such as infrastructure investment, macroeconomic instability, and imports, on total factor productivity (TFP) by performing cointegration and impulse response analyses. The results suggest that both TFP and capital accumulation were crucial sources of growth during the sample period. Nevertheless, TFP growth displayed enormous variation from 1960 to 2004. The descriptive and empirical evidence suggests that TFP is positively affected by imports and public infrastructure investment and negatively affected by macroeconomic instability.Article Citation - Scopus: 3The Political Economy of Public Spending Decisions and Macroeconomic Performance(2011) Ismihan,M.; Ozkan,F.G.This paper provides a political-economy analysis of the dynamics of public spending decisions. We propose a simple dynamic model of macroeconomic policymaking that explicitly incorporates the policymaker's strategic decision regarding the composition of public expenditure. By utilizing this framework, we show that policymakers' choice for one type of spending over the other plays a key role in determining the effects of fiscal policy on macroeconomic performance. Furthermore, our analysis suggests that the scale of corruption in an economy is likely to be associated with lower quality public investment and, as a result, with an inferior macroeconomic outcome. © International Economic Society.Article Citation - WoS: 30Citation - Scopus: 30Public Debt and Financial Development: a Theoretical Exploration(Elsevier Science Sa, 2012) Ismihan, Mustafa; Ozkan, F. GulcinIn countries where the government is the major recipient of bank lending, public debt is likely to harm financial development. Moreover, the lower the financial depth, the greater the adverse effects of public borrowing on financial development and macroeconomic outcomes. (C) 2012 Elsevier B.V. All rights reserved.Article Citation - WoS: 20Citation - Scopus: 31The Role of Macroeconomic Instability in Public and Private Capital Accumulation and Growth: the Case of Turkey 1963-1999(Routledge Journals, Taylor & Francis Ltd, 2005) Ismihan, M; Metin-Ozcan, K; Tansel, AThis study investigates the empirical relationship(s) between macroeconomic instability, public and private capital accumulation and growth in Turkey over the period 1963-1999. Time series econometric techniques. such as cointegration and impulse response analysis, are used. The results of this paper suggest that the chronic and increasing macroeconomic instability of the Turkish economy has seriously affected her capital formation and growth. Furthermore, the Turkish experience indicates that chronic macroeconomic instability seems to be a serious impediment to public investment, especially to its infrastructural component, and shatters, or even reverses. the cornplementarity between public and private investment in the long run.Article Citation - WoS: 11Citation - Scopus: 14The Banking Sector, Government Bonds, and Financial Intermediation: The Case of Emerging Market Countries(M E Sharpe inc, 2010) Ozkan, F. Gulcin; Kipici, Ahmet; Ismihan, MustafaThis paper develops an analytical framework to explore how financial-sector characteristics shape the terms and the scale of public borrowing in emerging market economies. We find that the more competitive the banking sector and the more liquid and deeper the deposit market, the better are conditions in the public securities market. We also show that the greater the central bank independence, the higher the cost of public borrowing. Furthermore, our results suggest that, in countries where banks rely significantly on foreign currency financing, the greater the government's reliance on bank lending, the greater is its exposure to exchange rate risk.Article Çok Partili Dönemde Türkiye’nin Makroekonomik Performansı(Bilim ve Teknoloji, 2015) İsmihan, Mustafa; Çelik, Eşref Uğur1950 yılında Türkiye’nin fiilen çok partili döneme geçişiyle geniş toplum kitleleri siyasette daha aktif rol almaya başlamıştır. Bu yeni dönemde artan siyasi rekabet ortamında, iktidarda bulunan birçok parti uzun vadeli politikalar yerine genellikle kısa vadeli ve popüler politikalar izlemeyi tercih etmişlerdir. Bu politikaların yansıması olarak, sıklıkla yaşanan popülist süreçler, ekonomik ve siyasi krizler Türkiye ekonomisini kırılgan ve istikrarsız bir yapıya büründürmüştür.Article Citation - WoS: 6Citation - Scopus: 6Revisiting the Finance-Growth Nexus: the Turkish Case, 1980-2010(Routledge Journals, Taylor & Francis Ltd, 2017) Ismihan, Mustafa; Dincergok, Burcu; Cilasun, Seyit MuminIn Turkey, the empirical results on the link between financial development and economic growth are mixed. The existing studies do not take into account the fact that Turkey has experienced endemic political and economic instabilities over extended periods. This study aims to analyse the role of macroeconomic instability and public borrowing on the finance-growth nexus in Turkey by using time series econometric techniques over the 1980-2010 period. In doing so, we attempt to extend the existing literature by taking into account the role of macroeconomic instability as well as public borrowing. Our results reveal that there are additional - albeit indirect - channels between finance and growth via the effects of macro instability and public borrowing on financial development and economic growth. After taking into account the effects of overall instability and public borrowing, we found that growth-financial development relationship is bidirectional and permanent. In other words, in Turkish case, economic growth and financial development are jointly determined. Thus, our results shed some light on the ambiguity of the evidence on the link between financial development and economic growth for Turkey.Article Citation - WoS: 1Citation - Scopus: 3Political Instability, Public Investment and Macroeconomic Performance(Economics Bulletin, 2005) Ismihan, Mustafa; Ozkan, F. Gulcin; Department of BusinessThis paper attempts to provide a framework to explain both the lower share of current spending in large fiscal adjustments and the potential expansionary effects of fiscal contractions. We distinguish between current spending and productivity enhancing public investments and analyze the potential determinants of the policy maker's choice for the composition of overall public spending. Using this framework, we also link the overall macroeconomic performance to the public spending decisions. Our results suggest that raising current spending at the expense of public investment is associated with less favourable performance in terms of not only inflation and output but also, interestingly, future 'current' spending.
