Asian Development Policy Review

Publish by: Production and Hosting by Pak Publishing Group on behalf of Asian Economic and Social Society 

Online ISSN: 2313-8343
Print ISSN: 2518-2544
Total Citation: 0

No.3

The Representability of City Councils in Turkey: The Case of Kahramanmaras Province


Pages: 61-75
Find References

Finding References


The Representability of City Councils in Turkey: The Case of Kahramanmaras Province

Search :
Google Scholor
Search :
Microsoft Academic Search
Cite
DOI: 10.18488/journal.107/2015.3.3/107.3.61.75


Citation: 0
Export to    BibTeX   |   EndNote   |   RIS

Ugur YILDIRIM --- Zehra GUL --- Soner AKIN --- Celalettin SEN --- Murtaza ERSOZ 
Abstract
|
Reference
|
XML
|
PubMed
|
Video
Statstics
PDF Download Open Access
Ugur YILDIRIM --- Zehra GUL --- Soner AKIN --- Celalettin SEN --- Murtaza ERSOZ  (2015). The Representability of City Councils in Turkey: The Case of Kahramanmaras Province. Asian Development Policy Review, 3(3): 61-75. DOI: 10.18488/journal.107/2015.3.3/107.3.61.75
The role of local governments has recently increased in importance, and as reforms and restructuring of their functions have revealed, the concept of ?representation and participation? is coming into prominence.? Notably, the representation of local communities within the decisions is mainly taken on behalf of society gained importance. The city councils, which are under the focal scope of our study, are the ones constituted by "local representatives" being elected by local communities and responsible for protecting the rights of society. The acknowledgement of representatives by society, the representatives? own recognition of society and also representing issue emerged as important determinants so that the function of representation might materialize as effective. This study examined the represent ability of city council members in Turkey within the case of Kahramanmaraş Province in Turkey. Hence, the profile of all city council members was presented, and then the views and approaches of them were discussed. The elicited approaches and views which belong to the members were mainly probed within the frame of "represent ability of city council members".

Contribution/ Originality
This study is unique and original on paying attention for demographic features’ own effects through the representation facilities and organs’ using. Indeed, instead of a more theoretical scanning framework, a unique study on researching the available position of a city on local representation was performed.
  1. Aksu, H. and H. Kurtulus, 2011. Yerel Temsil ve Katilim Açisindan Sivas Belediye Meclisi. Türk Idare Dergisi, 8(15): 113-132.
  2. Çitçi, O., 1996. Temsil, Kat?lma ve Yerel Demokrasi. Ça?da? Yerel Yönetimler Dergisi, 5(6): 5-14.
  3. Oktay, T., 2013a. Yerel Siyaset Ba?lam?nda Belediye Meclis Komisyonlar. ?stanbul: MBB Yay?n?, s.26.
  4. Örs, B., 2006. Siyasal temsil. ?stanbul: ?stanbul Üniversitesi Siyasal Bilgiler Fakültesi Dergisi.
  5. Toplak, J., 2003. Preferential vote and its use in Slovenia. Lex Localis, 1(2): 15-43.
  6. TÜ?K, 2014. TÜ?K Türkiye ?statistik Kurumu. Available from http://www.tuik.gov.tr [Accessed 12.03.2014].
  7. TÜ?K, 2015. TÜ?K Türkiye ?statistik Kurumu. Available from http://www.tuik.gov.tr/ilGostergeleri/iller/K.MARAS.pdf [Accessed 15.01.2015].
  8. Yildirim, S., 1993. Yerel Yönetim ve Demokrasi: Kavramlar. ?stanbul: Yakla??mlar.

Impact of Financial Deepening on Economic Growth in Indian Perspective: ARDL Bound Testing Approach to Cointegration


Pages: 49-60
Find References

Finding References


Impact of Financial Deepening on Economic Growth in Indian Perspective: ARDL Bound Testing Approach to Cointegration

Search :
Google Scholor
Search :
Microsoft Academic Search
Cite
DOI: 10.18488/journal.107/2015.3.3/107.3.49.60


Citation: 0
Export to    BibTeX   |   EndNote   |   RIS

Vipin  Ghildiyal --- A.K. Pokhriyal --- Arvind Mohan
Abstract
|
Reference
|
XML
|
PubMed
|
Video
Statstics
PDF Download Open Access
Vipin  Ghildiyal --- A.K. Pokhriyal --- Arvind Mohan (2015). Impact of Financial Deepening on Economic Growth in Indian Perspective: ARDL Bound Testing Approach to Cointegration. Asian Development Policy Review, 3(3): 49-60. DOI: 10.18488/journal.107/2015.3.3/107.3.49.60
The present work is an attempt to investigate into the causal impact of financial deepening on economic growth in case of India. For analyzing the long term equilibrium relationship between the desired variables, we have employed Autoregressive Distributed Lag (ARDL) Bound testing approach. ARDL being a new approach is an improvement over the other traditional techniques of cointegration. Further, using the Granger Error Correction Model (ECM) technique we have tried to estimate the causal impact in the short run also. The findings suggest that there exist an equilibrium relationship in long run between financial deepening and economic development. Results suggested that financial deepening causes economic growth in the long run and also in the short run. Therefore, it is concluded that for enhancing the economic growth the government has to take effort to improve the financial deepening. Special efforts should be put to provide easy credit to private sector, stock market development and also to foster foreign trade.

Contribution/ Originality
This study uses Auto Regressive Distributive Lag (ARDL) bound testing approach of estimating cointegration among variables.  This technique is rather new and improved over the traditional co integration techniques. Moreover we have used the most recent dataset for finding the impact of financial deepening on the economic growth in Indian context. 
  1. Anthony, E.N. and R.G. Tajudeen, 2010. Financial sector development and economic growth: The experience of 10 Sub-Saharan African countries revisited. The Review of Finance and Banking, 2(1): 17–28.
  2. Arestis, Luintel and Luintel, 2005. Financial development and economic growth: The role of stock markets. Journal of Money, Credit, & Banking, 33(1): 16-41.
  3. Azra, 2012. Financial development and poverty alleviation: Time series evidence form Pakistan. World Applied Science Journal, 18(11): 1576-1581.
  4. Calderon, C. and L. Liu, 2003. The direction of causality between financial development and economic growth. Journal of Development Economics, 72(1): 321–334.
  5. Darrat, A. and A. Salah, 2005. Assessing the role of financial deepening in business cycles: The experience of the United Arab Emirates. Applied Financial Economics, 15(7): 447-453.
  6. Goldsmith, R.W., 1969. Financial structure and development. New Haven, Conn: Yale University Press.
  7. Gupta, S.K. and S. Verma, 2012. Financial sector reforms in India and its impact. International Journal of Research in Finance and Marketing, 2(7): 49-63.
  8. Harris, R. and R. Sollis, 2003. Applied time series modelling and forecasting. West Sussex: Wiley.
  9. Khalil, M., 2014. Financial development and economic growth: A dynamic panel data analysis. International Journal of Econometrics and Financial Management, 2(2): 48-58.
  10. Kirkpatrick, 2000. Financial development, economic growth and poverty reduction. Pakistan Development Review, 3(4): 363-388.
  11. Levine and Zervos, 1998. Stock markets, banks and economic growth. American Economic Review, 88(3): 537-557.
  12. Levine, R., 1997. Financial development and economic growth: Views and Agenda. Journal of Economic Literature, 35(2): 688-726.
  13. Luintel, K.B. and M. Khan, 1999. A quantitative reassessment of the finance—growth nexus: Evidence from a multivariate VAR. Journal of Development Economics, 60(2): 381-405.
  14. MacKinnon, J.G., 1996. Numerical distribution functions for unit root and cointegration tests. Journal of Applied Econometrics, 11(6): 601–618.
  15. McKinnon, R.I., 1988. Financial liberalisation in retrospect: Interest rate policies in LDCs, in G. Ranis and T.P. Schultz (eds.), The state of development economics. Oxford: Basil Blackwell.
  16. Onayemi Sherifat, O., 2013. Output growth, economic openness and financial deepening in Nigeria: A structural differential and causality analyses. European Journal of Humanities and Social Sciences, 26(1): 1381-1395.
  17. Patrick, H.T., 1966. Financial development and economic growth in underdeveloped countries. Economic Development and Cultural Change, 14(1): 174-189.
  18. Pesaran, M. and Y. Shin, 1999. An autoregressive distributed lag modelling approach to cointegration analysis. In Strom, S. (Eds). Paper Presented at Econometrics and Economics Theory in the 20th Century: The Ragnar Frisch Centennial Symposium, Cambridge University Press, Cambridge.
  19. Pesaran, M., Y. Shin and R. Smith, 2001. Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3): 289-326.
  20. Pesaran, M.H. and B. Pesaran, 1997. Working with microfit 4.0: Interactive econometric analysis. Oxford: Oxford University Press.
  21. Pradhan, R.P., 2009. Nexus between financial development and economic growth in India: Evidence from multivariate VAR model. International Journal of Research and Reviews in Applied Sciences, 1(2): 141-151.
  22. Singh, A., 1997. Financial liberalization, stock markets and economic development. Economic Journal, 107(442): 771-782.
  23. Stock, J.H. and M.W. Watson, 2011. Introduction to econometrics. 3rd Edn., Boston: Addison–Wesley. pp: 644-649.
  24. Wong, A. and X. Zhou, 2011. Development of financial market and economic growth: Review of Hong Kong, China, Japan, the United States and the United Kingdom. International Journal of Economics and Finance, 3(2): 111-115.

ADVERTISEMENT