Zamira ÖSKÖNBAYEVA

Proceedings Paper | 2019 | Ecological Agriculture and Sustainable Development

The main purpose of this study is to investigate the causal relationship between trade openness and economic growth using the panel data of 125 countries for the period 1992-2015. For this purpose, a three-stage panel Granger causality test has been employed. Countries were divided into two groups as developed and developing countries. In the first stage panel unit root test has been used in order to explore stationarity properties of the series. Then panel co-integration technique has been employed in order to estimate long-run economic relationships between variables. In the last stage panel causality test has been adopted. Accord . . .ing to the findings obtained there is unidirectional short-term causality running from trade openness to economic growth both in developed and developing countries. Policy makers should implement appropriate economic policies to take full advantages of trade openness More less

Mehmet BALCILAR

Proceedings Paper | 2004 | Emerging Markets Finance and Trade40 ( 5 )

This paper examines persistence in Turkish inflation rates using data from consumer and wholesale price indices. The inflationary process in Turkey is believed to be highly inertial, which should lead to strongly persistent inflation series. Persistence of seventy-five inflation series at various aggregation levels is examined by estimating models that allow long memory through fractional differencing. The order of fractional differencing is estimated using several semiparametric and maximum likelihood methods. Persistence of each series is evaluated using the time required for a given percentage of the effect of a shock to dissipat . . .e. We find that disaggregate inflation series show no significant persistence. We found that only twelve out of seventy-five series require more than six months for 99 percent of the effect of a shock to dissipate. Thus, the paper finds evidence of spurious long memory due to aggregation. - Keywords: aggregation, fractional differencing, inflation, inertia, long memory models, persistenc More less

Bakıt BORKOYEV

Proceedings Paper | 2013 | Afghanistan and Central Asia: NATO's Role in Regional Security since 9/11 : Book Series: NATO Science for Peace and Security Series - E: Human and Societal Dynamics106

This article discusses the sources and characteristics of terrorism in Central Asia, particularly in Kyrgyzstan as well as the scope and effectiveness of counter-terrorism measures in the region. The article analyzes the threats to regional security, nature of radicalism, reasons of population's involvement in radical politics and the impact of Afghanistan on the problem of terrorism in the region. The article also focuses on the phenomenon of terrorism in Kyrgyzstan by identifying its main causes, such as weak political institutions, the crisis of ideology in the post-Soviet era and Kyrgyzstan's legal system. It also discusses the . . .history of terrorism, and active terrorist movements within the borders of the Kyrgyz Republic. In addition, the article explores the legal and regulatory frameworks of Kyrgyz Republic in which the Kyrgyz authorities take their measures to combat terrorism. In this respect, the article also identifies role of regional security institutions in countering terrorism. These regional security organizations include the Commonwealth of Independent States (CIS), the Collective Security Treaty Organization (CSTO) and the Shanghai Cooperation Organization (SCO) More less

Ertuğrul DELİKTAŞ

Proceedings Paper | 2005 | Emerging Markets Finance and Trade41 ( 1 )

The paper examines the macroeconomic performance of 25 transition economies using a comparable data set. In order to see whether transition to a market-based economy increased economic efficiency, technical progress, and total factor productivity (TFP), we estimate efficiency measures for Eastern European and Baltic countries and the republics of the former Soviet Union using stochastic frontier analysis (SFA) and data envelopment analysis as a confirmatory analysis. According to the SFA estimates, the average annual efficiency level for the 25 transition economies is 0.548, and the average annual rate of growth in technical efficie . . .ncy is 1.8 percent for the 1991-2000 period. The average annual technical change in transition economies is -4.3 percent for the period examined. That is, there is no technological progress, but over the period there has been a technological regress. The sum of the rate of change in technical efficiency and technical change implies a 2.5 percent decline in the average annual TFP. These results suggest that, on average, change in technical efficiency is outweighed by the technical regress. - Keywords: convergence, data envelopment analysis, stochastic production frontiers, technical efficiency, total factor productivity, transition economie More less

Ayçürök MACİTOVA | Asılbek KULMIRZAYEV | Cıldızay ÖZBEKOVA | Aybek BODOŞOV

Proceedings Paper | 2015 | Procedia - Social and Behavioral Sciences195

The high nutritional and health-promoting properties of kymyz, a traditional drink of nomads produced from mare's milk, are well-known and reported in literature. The composition of mare's milk is significantly different from that of cow and other ruminants. Fatty acid composition and amino acid profile of mare's milk produced at Suusamyr pastures of Kyrgyzstan were studied during four lactation months (May, June, July and August). The amino acid composition was determined by precolumn derivatization with diethyl ethoxymethylenemalonate (DEEMM) in high-performance liquid chromatography (HPLC) and 18 amino acids were determined in ma . . .re's milk. Most abundant amino acids were glutamic acid (16.8-21.2%), leucine (8.2-10.1%), lysine (8.9-10.1%) and ornithine (0.1-0.7%) was in a small amount. The percentages of essential AA in protein of mare milk were 46%, 46%, 51%, 48% for May, June, July and August months respectively, which demonstrate the high biological value of milk during all milking season. The fatty acid contents of the milk fat were determined in the form of fatty acid methyl esters by gas chromatograph after methylation with potassium hydroxide in methanol. The concentrations of capric (10:0), lauric (12:0) and myristic acid (14:0) were similar during four lactation months and the concentration of linoleic acid (18:2) was higher in July month. The results of the study have shown that the highest contents of the nutritive compounds were found in the mare's milk obtained in July. - Keywords: amino acids; fatty acids; geographical location; mare milk; milking seaso More less

Azamat MAKSUDUNOV

Proceedings Paper | 2016 | Globalization: Developments, Opportunities, and Challenges

Social media attracts a wide range of users and in this way creates great opportunities for businesses and in this way attract the academic researchers from all over the world. According to recently published research, the majority of the articles on this subject concentrated in the last 5 years and main of them addressed to developed countries. Limited numbers of studies have published from emerging markets especially from the former Soviet Union countries. This study aims to examine social media usage in Post-Soviet Kyrgyzstan. Data was collected by using structured questionnaire, which based to collect data on demographic charact . . .eristics, statements related to peopl More less

Celaleddin SERINKAN

Proceedings Paper | 2015 | Procedia - Social and Behavioral Sciences207

The aim of this research includes what the perception of textile firms operating in Denizli province about strategic management issues are, at what organizational level the strategic management decisions are taken and what the strategic goals are. Moreover, this study is important in terms of creating awareness by reminding the importance of strategic management in textile sector. The textile sector which has an important place within Denizli's economy. The textile production and sales have always been placed on the top for the economic structure in Denizli and it will continue to be an economic necessity for Denizli in the near fut . . .ure. Within the scope of this study, 320, 45%, of about 700 all size textile firms operating in Denizli were applied with a questionnaire about their perception of strategic management. It was concluded as a result of the study that most of the firms are family-owned, their strategic plans are set by senior managers and business owners, strategic plans are generally created during the operation and the opinion “if the competitors are changing, one should change too” is common. And it was also seen that most of the managers participated in the study exhibited a positive participation about the statements on strategic management process. - Keywords: Strategic Management; Textile Sector; Denizl More less

Zakir ÇOTAYEV

Proceedings Paper | 2013 | Afghanistan and Central Asia: NATO's Role in Regional Security since 9/11 : Book Series: NATO Science for Peace and Security Series - E: Human and Societal Dynamics106

This paper seeks to examine the foreign policies of the United States and Russia towards Central Asia. The paper also aims at exploring the competition between the two countries and its consequences for the Central Asian states. The main argument of the paper is that despite the fact that the active involvement of the United States and Russia in the Central Asian security produces positive effects for the Central Asian countries, the worsening of their bilateral relations increases their regional competition and undermines political stability in Central Asia. In the aftermath of 9/11, the United States projected its influence to the . . . Central Asia, and maintained its dominance until 2006. Russia challenged the US influence in the region and reasserted itself significantly between 2006 and 2009. This is followed by a period of balancing policies of both the United States and Russia between 2009 and the present More less

Mehmet BALCILAR

Proceedings Paper | 2003 | Emerging Markets Finance and Trade39 ( 2 )

There is a growing awareness among financial researchers that the traditional models of asset returns cannot capture essential time series properties of the current stock return data. We examine commonly used models, such as the autoregressive integrated moving average (ARIMA) and the autoregressive conditional heteroskedasticity (ARCH) family, and show that these models cannot account for the essential characteristics of the real Istanbul Stock Exchange and Moscow Stock Exchange returns. These models often fail, and when they succeed, they do at the cost of an increasing number of parameters and structural equations. The measures o . . .f risk obtained from these models do not reflect the true risk to traders, since they cannot capture all key features of the data. In this paper, we offer an alternative framework of analysis based on multifractal models. Compared to the traditional models, the multifractal models we use are very parsimonious and replicate all key features of the data with only three universal parameters. The multifractal models have superior risk evaluation performance. They also produce better forecasts at all scales. The paper also offers a justification of the multifractal models for financial modeling. - Keywords: Key words: fractal Brownian motion, Hö, lder exponent, multifractal market hypothesis, multifractal spectrum, scaling phenomena, statistical self-similarity, Wavelet transfor More less

Muhsin HALİS

Proceedings Paper | 2011 | Procedia - Social and Behavioral Sciences24

2008 economic crisis hit very hard many sectors globally, beside tourism, too. According to the economical and financial reports, the demand of hotel & restaurant industry declined sharply, and as a result of that situation tourism revenues had been affected negatively. Turkey was one of the few destination, which had a growing at the international tourist arrivals despite the 2008 crisis. Although the tourism revenues declined, but it was little while comparing with its competitors. Via the analyses of data's has been obtained by Prime Ministry Undersecretaries of Treasury, the effects of the main sectors operating in Turkey and th . . .eir ratios on GDP during recession periods has been compared. As a result of those reports, tourism industry (hotels & restaurants) has been attracting attention with a quick recovering, by the last quarter of 2008. It can be said that tourism has been also main industry during recession periods with generating revenues and helping for current payments deficits. - Keywords: Tourism; recession; global crisis; industrial growt More less

Camgırbek BÖKÖŞOV

Proceedings Paper | 2013 | Afghanistan and Central Asia: NATO's Role in Regional Security since 9/11 : Book Series: NATO Science for Peace and Security Series - E: Human and Societal Dynamics106

This paper explores the impact of the security problems of Afghanistan on Kyrgyzstan's current national security situation. Afghanistan's main channels of indirect influence are the narcotics trafficking and the infiltration of the international terrorist groups into the territory of the Kyrgyz Republic. Besides, the “Afghan crisis” has a direct impact on the national security of Kyrgyz Republic. The identification and assessment of Afghanistan's influence on the security situation in Kyrgyzstan necessitates an analysis of the social, political, geopolitical, economic and ideological aspects of this complex issue. In this paper, it . . .is emphasized that the negative regional influence of the security situation in Afghanistan could be contained depending on the stability of the internal socio-political situation in the Kyrgyz Republic and the existence of a reliable system of the international cooperation against the terrorism and extremism in the region. The active participation of the Kyrgyz Republic in the socio-economic recovery of Afghanistan could also have a positive impact on the strengthening of Kyrgyzstan's national security too More less