Volume: 14 Issue: 2 , 1/12/23

Year: 2022

 International Econometric Review (IER), sponsored by the Econometric Research Association (ERA), is an independent international journal which publishes quarterly. It is an open access journal. IER is indexed and abstracted in EconLit, DOAJ, EBSCOhost, RePEc, Sobiad and Ulrich. The journal applies double bilind peer review process for papers. IER has recently modified and expanded its scope, as indicated by the subtitle "21st Century Economics". We seek to publish high quality papers in new fields of research in all areas of economics. The article "New Directions in Macroeconomics" lists the many areas of Macro which are of interest. In Microeconomics, we are interested in behavioral, experimental and heuristics of decision making. We are also interested in the large scale experiments pioneered by Duflo and Banerjee. In Econometrics, we would like to see papers in Causality, Data Visualization, Big Data Techniques, especially Machine Learning, as well as many other emerging fields. Briefly, we would like to see research in new areas, outside the scope of traditional Micro, Macro and Econometrics of the 20th Century.

IER aims to publish articles of high quality introducing new econometric techniques to a wide variety of problems in economics and related subjects, covering topics in estimation, hypothesis testing, forecasting, and policy analysis. Moreover Machine Learning papers are also wellcome. Applied papers using these new techniques can be published. Regarding the applied papers, IER particularly gives importance to the replicability of empirical results. Therefore, authors are expected to make available their data set and computer programs in case readers, editors or referees want to replicate results reported in submitted contributions.

Only English written, word formatted (.doc or .docx) articles are accepted to the journal. Submissions should be made through DergiPark system ( https://dergipark.org.tr/ier ) and they should be in the "Full Text" format where the example can be found from the "Full Text Example". 

ETHICAL GUIDELINES FOR AUTHORS


In this journal, all the manuscripts are subject to a strict peer-review process by at least two reviewers that are experts in his/her research area. The review process in this journal is double-blinded. After the review process, the submissions can be accepted or rejected. Besides, the editor follows the reviewers' suggestions.
The submission should be original, and it has not been submitted elsewhere and is not under consideration with any other journal.
Submissions can be rejected by International Econometric Review’s editorial office if it is believed that the manuscript fails to meet the following ethical criteria:


A) Authorship
Ghost and gift authorships are strictly prohibited. The corresponding author has to provide the contribution of all the co-authors if any, such as data collection, empirical analysis, reviewing and editing.


B) Conflicting Interest
Authors have to provide a declaration in their paper of all potential competing interests involving people or organizations which is related to the work (e.g., personal or financial relationship).


C) Corrections, Clarifications, and Retractions
International Econometric Review is able to publish corrections, clarifications, retractions, and apologies when required. Moreover, the works can be removed or retracted from the journal’s database if it is detected that they violate the ethical issues.


D) Plagiarism
Plagiarism, including self-plagiarism or false citation, forms a serious violation of the principles of scholarship and this type of ethical issue is not acceptable. International Econometric Review uses the Crossref Similarity Check (provided by iThenticate and/or Turnitin) software to evaluate the similarity score of the manuscripts. The submissions are not welcomed that have a higher similarity score than 30% totally, and 1% per source.


E) Clinical Trials and Animal Research
International Econometric Review does not accept submissions that are related to clinical trials and animal research. 

For the submissions to this journal no submission fee is required.

Chief Editor

Sıdıka Başçı
Assoc. Prof. Dr. Sıdıka BAŞÇI Econometric Research Association Web
Sıdıka Başçı after receiving her Ph.D in economics from Bilkent University, Ankara, Türkiye in June 1998, started teaching at universities in Türkiye, and UK, Her research areas are econometrics, data analytics and machine learning. She founded and managed a consultant firm where economic and financial reports were prepared during 1999 - 2005. In 2005 she founded Econometric Research Association (ERA) which publishes the semi-annual international journal named “International Econometric Review-Economics of the 21st Century (IER)”. It is an EconLit indexed journal. She is also among the editors of IER. During 2006 - 2011, she worked at Statistical Economic and Social Research and Training Centre for Islamic Countries (SESRIC), a subsidiary organ of the Organization of the Islamic Countries (OIC) as the Director of the Statistics and Information Department and Acting Director. During 2011 – 2013 she worked at Strategic Thinking Institute as the Coordinator of the Economic Program. In 2013 she started teaching at Ankara Yıldırım Beyazıt University (AYBU) as assistant professor. In 2018, she got the associate professor position. During 2017 – July 2020 she had an on leave position from AYBU and had an Invited Visiting Professor position at CY Tech, Paris, France. In July 2020, she returned to AYBU. She has many articles published in journals and book chapters.
Econometric and Statistical Methods

Editors

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Dr. Asad ZAMAN Pakistan Institute of Development Economics
Mustafa Özer
Prof. Dr. Mustafa ÖZER ANADOLU ÜNİVERSİTESİ
Economic Models and Forecasting, Panel Data Analysis, Applied Macroeconometrics, Time-Series Analysis, Growth, Monetary Policy, Financial Economy
Asad Ul Islam Khan
Asst. Prof. Dr. Asad Ul Islam KHAN IBN HALDUN UNIVERSITY, INSTITUTE OF SOCIAL SCIENCES
Panel Data Analysis, Applied Macroeconometrics, Applied Microeconometrics, Time-Series Analysis, Statistics

Editorial Board

Applied Microeconometrics, Microeconomic Theory, Labor Economics, Theory of Economy
Asad Ul Islam Khan
Asst. Prof. Dr. Asad Ul Islam KHAN IBN HALDUN UNIVERSITY, INSTITUTE OF SOCIAL SCIENCES

Dr. Asad Ul Islam Khan is currently working as an Assistant Professor and an ERASMUS coordinator in Economics Department at Ibn Haldun University, Istanbul Turkiye. The research interests of Dr. Khan are Applied and Theoretical Econometrics, Behavioral Finance and Financial Markets. Currently Dr. Khan is also working in Financial Econometrics and has published research papers on crypto currencies and financial markets. Dr. Khan secured funding for four projects, one from TUBITAK Turkiye Govt. and three from Ibn Haldun University BAP as Project Head and the principal researcher. Two projects have been successfully completed and two are ongoing. Six MA students have graduated under the supervision of Dr. Khan and three MA and five PhD students belonging to different nationalities are pursuing their dissertations under the supervision of Dr. Khan.

Panel Data Analysis, Applied Macroeconometrics, Applied Microeconometrics, Time-Series Analysis, Statistics
Mustafa Özer
Prof. Dr. Mustafa ÖZER ANADOLU ÜNİVERSİTESİ Web
Mustafa Özer (Prof. Dr.) is an economist and teaches at the Anadolu University, Eskişehir, Turkey. Mustafa Özer received his Ph.D. from the Department of Economics at Anadolu University and an MA from the Department of Economics at Northeastern University in Boston, USA. Mustafa Özer’s areas of research are applied econometrics (especially in the fields of tourism economics, financial markets, Turkish Economy and open macro economy), financial crises, business cycles, as well as civil society and publishes articles in international journals especially subjects of financial market interactions, current account deficit and its effect on macro economy and foreign trade, growth and tourism. He teaches the Ph.D. econometrics courses at Social Sciences Institute of Anadolu University and Belgrade Banking Academy, Belgrade, Serbia. Mustafa Özer also teaches Central Banks at different countries. Özer led the both national and international projects regarding the role of civil society in Turkey, especially measuring the value added and employment contributions of civil society. Özer is also member of the scientific committee of international conferences such as MIBES, ICOBAS, ASECU, IJOPEC, EconAnadolu, Europe and Asia: Economic Integration Prospects and EUREFE. He is also editiorial board member of the international scientific journals such as Equilibrium. Quarterly Journal of Economics and Economic Policy, Journal of Risk Management, the Journal of International Interdisciplinary Business-Economics Advancement, International Econometric Review, and, Journal of Central Banking Theory and Practice and some journals in Turkey. Özer also contributes regularly Singapore Economic Review as reviewer and Sage Open as an article editor and reviewer. His recent publications indexed in web of science core collection journals (SSCI and ESCI): Malovic, Marko and Mustafa Özer & Aleksandar Zdravkovic (2018): Misunderstanding of FDI in the Western Balkans: Cart before the Horse and Wheels without Suspension, Journal of Balkan and Near Eastern Studies, DOI: 10.1080/19448953.2018.1506285. Gül, H., M. Özer (2018) Frequency domain causality analysis of tourism and economic activity in Turkey. European Journal of Tourism Research, 19, pp. 86-97. Özer, Mustafa and Karagöl, Veysel (2018), relative effectiveness of monetary and fiscal policies on growth in Turkey: an ARDL bounds test approach, Equilibrium. Quarterly Journal of Economics and Economic Policy, 13(3), 3914-409. Özer, Mustafa; Žugić, Jovana and Sonja Tomaš-Miskin (2018), The Relationship between Current Account Deficits and Growth in Montenegro: ARDL Bounds Testing Approach, Journal of Central Banking Theory and Practice, 3, pp. 5-24.
Economic Models and Forecasting, Panel Data Analysis, Applied Macroeconometrics, Time-Series Analysis, Growth, Monetary Policy, Financial Economy
Ayşegül Durucan
Asst. Prof. Dr. Ayşegül DURUCAN KIRIKKALE ÜNİVERSİTESİ

Ankara’da doğdu. Lisansını 2010 yılında Hacettepe Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümünde; Yüksek Lisansını Kırıkkale Üniversitesi, Sosyal Bilimler Enstitüsü, İktisat Ana Bilim Dalında; Doktorasını Ankara Yıldırım Beyazıt Üniversitesi, Sosyal Bilimler Enstitüsü, Maliye Programında tamamladı. 2011 yılında Araştırma Görevlisi olarak çalışmaya başladığı Kırıkkale Üniversitesi, İktisadi ve İdari Bilimler Fakültesi Maliye Bölümü’nde 2020-2022 yılları arasında Arş. Gör. Dr. olarak çalıştı. 2022 yılından itibaren çalışmalarına Doktor Öğretim Üyesi olarak devam etmektedir.

Finance Studies, Public Finance, Theory of Treasury
Fuat Erdal
Prof. Dr. Fuat ERDAL ANADOLU ÜNİVERSİTESİ

Professor Dr. Fuat ERDAL (Rector), Anadolu University, Türkiye

Dergi Sahibi

Econometrics (Other), Growth

2009 yılında Gazi Üniversitesi İktisadi ve İdari Bilimler Fakültesi Ekonometri Bölümü’nden mezun oldu. Yüksek lisans eğitimini 2011 yılında Leicester Üniversitesi’nde tamamlayan İsmail Kavaz, doktora derecesini 2018 yılında Ankara Yıldırım Beyazıt Üniversitesi’nde hazırladığı “Türkiye için Enerji Talebi Modellemesi ve Tahmini” başlıklı teziyle aldı. Çalışma alanları arasında enerji politikaları, enerji kaynakları, verimlilik ve enerji talebi konuları bulunmaktadır. Halen Fırat Üniversitesi İktisadi ve İdari Bilimler Fakültesi'nde öğretim üyesi olarak çalışmaktadır. 

Econometrics, Time-Series Analysis, Macroeconomics, Growth, Regional Development and Globalisation in International Economics
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Prof. Dr. A. Özlem ÖNDER EGE ÜNİVERSİTESİ

Özlem Önder lisans eğitimini Ankara Üniversitesi ‘nde, yüksek lisans ve doktora eğitimini Bilkent Üniversitesi’nde tamamlamıştır. Ekonometri- Uygulamalı Makro Ekonometri ; Ekonometri Teorisi alanlarında çalışan Önder akademik görevine Ege Üniversitesi’nde devam etmektedir.

Econometrics, Econometrics Theory, Applied Macroeconometrics
Saud Ahmed Khan
Asst. Prof. Dr. Saud Ahmed KHAN Pakistan Institute of Development Economics (PIDE)

With an experience of more than fifteen years, Saud has proficiency in all types of data handling and analysis including Big Data (Huge, Fat and Large). He has expertise in Macro-Econometric Modeling, Micro-econometric Modeling, a-theoretical simulation techniques and Forecasting. As a Data Analyst, he worked in UNICEF funded project “Sustainability Check on WASH Services (Rural Open Defecation Free and Rural Drinking Water Supply Schemes - RWSS) in Sindh & Punjab” in collaboration with National University of Science and Technology (NUST) and ANN associates. He worked as Lead Econometrician in Economic Cooperation Organization (ECO) funded project “Economic Management Modeling in ECO Member Countries”. As a team lead he evaluated the methodological aspects of Global Innovation Index (GII) and highlight the reasons behind poor performance of PAKISTAN in GII 2016. He is trained at National School of Public Policy, Lahore on a course “Ambassador Of Evidence: Training of Trainers”. He attended workshop on Price Statistics at “Training Wing, Pakistan Bureau of Statistics, Islamabad”. He remained Member of National Curriculum Revision Committee (NCRC) of Higher Education Commission (HEC) Pakistan. He is member of ‘Energy Division’ at Pakistan Institute of Development Economics. Currently he has been working on several Demand Driven Research (DDR) studies requested from Finance Division Government of Pakistan, Chief Economist Pakistan and Pay & Pension Commission of Pakistan.

Econometrics Theory, Econometric and Statistical Methods, Economic Models and Forecasting, Comparative Economic Systems, Panel Data Analysis, Applied Macroeconometrics, Applied Microeconometrics, Cross-Sectional Analysis, Time-Series Analysis
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Assoc. Prof. Dr. Moinak MAİTİ Witwatersrand University

Prof. Maiti, FirstRand Foundation Endowed Chair in Financial Data Science at the University of the Witwatersrand is a globally recognized expert in his field. He also serves as a visiting professor at several esteemed institutions, all of which proudly occupy places within the upper echelon of the QS World University Rankings' top 100. With over 60 articles in top journals and a textbook on Applied Financial Econometrics (Palgrave Macmillan), he has made significant contributions to Asset Pricing, Data Science, Financial Econometrics, Fintech, and Sustainable Finance. He is not only an accomplished academic but also a business mentor, holder of German patents, and an editorial board member for several prominent journals. His insights are sought after by leading media outlets, reflecting his impact on bridging academia and real-world applications in financial data science and business innovation.

Financial Economy, Sustainable Development
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Prof. Dr. Yeliz YALÇIN ANKARA HACI BAYRAM VELI UNIVERSITY

Yeliz Yalçın lisans eğitimini Gazi Üniversitesi’nde, İktisat yüksek lisansını Ankara Üniversitesi Ekonometri yüksek lisansı ve doktora eğitimini Gazi Üniversitesi’nde tamamlamıştır. Ekonometri-Zaman Serisi Analizi, Uygulamalı Makro Ekonometri, Ekonometri Teorisi alanlarında çalışan Nazlıoğlu akademik görevine Ankara Hacı Bayram Veli Üniversitesi’nde devam etmektedir.

Time-Series Analysis
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Prof. Dr. Furkan EMİRMAHMUTOGLU Ankara Hacı Bayram Veli Üniversitesi

Furkan EmirMahmutoğlu lisans,yüksek lisans ve doktora eğitimlerini Gazi Üniversitesi’nde tamamlamıştı. Ekonometri-Panel Veri Ekonometrisi; Zaman Serisi Analizi alanlarında çalışan Emirmahmutoğlu halen Ankara Hacı Bayram Veli Üniversitesi’nde akademik görevine devam etmektedir.

Econometrics Theory, Panel Data Analysis, Time-Series Analysis
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Dr. Nermin YAŞAR BAŞKARAAĞAÇ ÇANKAYA ÜNİVERSİTESİ

Nermin Yaşar lisans, yüksek lisans ve doktora eğitimini Hacettepe Üniversitesi’nde tamamlamıştır. Makro İktisat alanında çalışan Yaşar, Çankaya Üniversitesi’nde akademik görevine devam etmektedir.

Macroeconomics (Other)
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Prof. Dr. Arzdar KİRACI SİİRT ÜNİVERSİTESİ

Arzdar Kiracı completed her undergraduate education at METU Faculty of Engineering-Department of Electrical and Electronics Engineering and his master's and doctorate at İhsan Doğramacı Bilkent University. Working in the fields of Multi-Criteria Decision Making, Operations Research, Business Statistics, Arzdar Kiracı currently continues her academic career at Siirt University.

Econometric and Statistical Methods, Operations Research, Mathematical Economics
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Assoc. Prof. Dr. Fatma Özgü SERTTAŞ ANKARA YILDIRIM BEYAZIT ÜNİVERSİTESİ

Fatma Özgü Serttaş lisans ve yüksek lisans eğitimini Bilkent Üniversitesi İktisat bölümünde almıştır. Doktora derecesini ise Iowa State Üniversitesinde tamamlamıştır. Zaman serisi analizi, uygulamalı ekonometri ve makroekonomi alanlarında çalışan Serttaş halen akademik görevine Ankara Yıldırım Beyazıt Üniversitesi’nde devam etmektedir.

Applied Macroeconometrics
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Asst. Prof. Dr. Mehmet Fatih ÖZTEK ANKARA YILDIRIM BEYAZIT ÜNİVERSİTESİ

Mehmet Fatih Öztek lisans,yüksek lisans - doktora bütünleşik eğitimini Orta Doğu Teknik Üniversitesi’nde tamamlamıştır. İktisat Teorisi, Ekonometri, Finans Ekonomisi alanlarında çalışan Öztek Ankara Yıldırım Beyazıt Üniversitesi’nde akademik görevine devam etmektedir.

Economic Methodology, Financial Economy
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Prof. Dr. Kivilcim METİN OZCAN ANKARA SOSYAL BİLİMLER ÜNİVERSİTESİ

Prof. Dr. Kıvılcım Metin Özcan Lisans derecesini T.O.D.A.İ.E bağlı Sevk ve İdare Yüksek okulundan 1979 yılında aldı. Akademik hayata 1981 yılında Gazi Üniversitesi'nde İktisat bölümünde araştırma görevlisi olarak başladı. Master derecesini 1984 yılında Ortadoğu Teknik Üniversitesi İktisat bölümünden ve Doktora derecesini 1992 yılında Ingiltere`de Oxford Üniversitesi`nden İktisat dalında  almıştır. Aynı yıl Bilkent Üniversitesi İktisat bölümünde yardımcı doçent olarak çalışmaya başlamış ve 1995 yılında doçent olmuştur. Bilkent Üniversitesi İktisat bölümünde 20 yıl çalıştıktan sonra  2012 yılında Necmettin Erbakan Üniversitesi`ne profesör kadrosu ile  geçmiştir. 2017 yılı Eylül ayına kadar Konya Necmettin Erbakan Üniversitesi`nde Sosyal ve Beşeri Bilimler Fakültesi İktisat Bölümü`nde İktisat Teorisi Anabilim dalı başkanı olarak çalışmıştır. 2017 yılı Eylül ayında Ankara Sosyal Bilimler Üniversitesi Siyasal Bilgiler Fakültesi'ndeki görevine başlamıştır. Endeksli dergilerde ve kitap bölümlerinde çok sayıda eseri bulunmakta, bir çok derginin akademik kurullarında yer almakta ve iktisadi kuruluşlarda üyelikleri bulunmaktadır.

Growth, Inflation, Monetary Policy
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Prof. Dr. Şaban NAZLIOĞLU PAMUKKALE ÜNİVERSİTESİ Web

Şaban Nazlıoğlu lisans, yüksek lisans ve doktora eğitimini Erciyes Üniversitesi’nde tamamlamıştır. Makro İktisat alanlarında çalışan Nazlıoğlu akademik görevine Pamukkale Üniversitesi’nde devam etmektedir

Econometrics, Panel Data Analysis, Time-Series Analysis
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Prof. Dr. Hakan BERUMENT BILKENT UNIVERSITY

Hakan Berument lisans eğitimini ODTÜ‘nde, yüksek lisans eğitimini University of Kentucky’de tamamlamıştır. Doktora derecesini ise UNC Chapel Hill ‘da almıştır. Monetary Economics, Macroeconomics, Time Series Analysis, Econometrics alanlarında çalışan Berument akademik görevine Bilkent Üniversitesi’nde devam etmektedir

Monetary Policy