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Öğe Analysis of macroeconomic determinants and the persistence of income inequality in Africa(Taylor & Francis Ltd, 2026) Miraji Ally Simba, Hamis; Radulescu, Magdalena; Gunes, Hakan; Sit, Ahmet; Karadag, Haydar; Sit, MustafaDespite increased efforts to reduce income inequality in African countries, the issue remains significant. Therefore, this study uses proxies of macroeconomic indicators, including foreign direct investment (FDI), real per capita GDP, human capital development (HCAPD), and trade openness, to examine their impact on income inequality (GINI coefficient). To investigate this, balanced panel data from 38 African countries, collected from the World Development Indicator (WDI) between 2005 and 2024, were analyzed. The Driscoll-Kraay and Generalized Method of Moments (GMM) approaches were used to assess the effect of macroeconomic indicators on income inequality. The findings indicate a proportional increase in both macroeconomic indicators and income inequality across the selected countries. These results challenge the effectiveness of current efforts to reduce income inequality in Africa. Moreover, the Driscoll-Kraay analysis reveals that foreign direct investment, real per capita GDP, and human capital development have limited effects on reducing income inequality. The results suggest that macroeconomic factors play a limited role in explaining income inequality; therefore, to mitigate rising income inequality, robust and effective macroeconomic policies-such as targeted FDI policies, increasing real per capita income to eradicate poverty, and enhancing human capital development-must be prioritized.Öğe Does good governance promote tourism sector? A panel data coefficient analysis(Conscientia Beam, 2025) Karadag, Haydar; Sit, Mustafa; Gunes, Hakan; Sit, AhmetThis study examines the impact of good governance on the tourism sector in the top 10 countries that attract the most tourists worldwide. Good governance encompasses the rule of law, government effectiveness, political stability, transparency, accountability, and corruption control. The study has transformed these elements into a comprehensive index called the Corporate Governance Index (CGI). Panel data methods are conducted, and the Beck and Katz and Driscoll and Kraay estimator techniques are employed in the analysis. According to the findings, a 1-unit increase in the CGI leads to a 17% increase in tourism expenditure and a 7% increase in the number of incoming tourists. These findings show that countries with strong and transparent institutions are more attractive to international tourists. A stable political environment, low corruption perception, and effective public services positively influence tourists' travel decisions. Additionally, good governance ensures economic stability and internal security, strengthens the country's global image, and yields positive results in the tourism sector. This study combines governance indicators, which were previously addressed separately in the literature, into a single composite index, namely CGI, and empirically reveals the impact of crosscountry governance differences on tourism performance through a comparative analysis using panel data techniques. Furthermore, the estimation methods used in the analysis increase the reliability of the results. In conclusion, this study highlights the importance of good governance reforms for the sustainable growth of the tourism sector and provides policymakers with concrete recommendations for improving governance quality.Öğe Rethinking of Government Institutions and Governance Quality Indicators on Economic Growth in Sub-Saharan African Countries(Springer, 2024) Sit, Ahmet; Radulescu, Magdalena; Gunes, Hakan; Simba, Hamis Miraji Ally; Sit, Mustafa; Karadag, HaydarThe study aims to investigate the effect of governance quality on economic growth and government consumption in Sub-Saharan African countries. Balanced dynamic panel data for 36 Sub-Saharan African countries from 2011 to 2022 were analyzed using GMM and Driscoll-Kraay regressions. In addition to the fact that there is no study in the literature that examines the effect of state governance indicators on economic growth in SSA countries, the addition of government consumption variable as a second dependent variable adds originality to the study. The empirical analysis revealed that government institutions have a positive effect and are significant in SSA countries' economic growth. In addition, according to the Driscoll-Kraay regression, it is seen that governments' development of institutions increases government consumptions. The governance indicators threshold that strengthens the government institution in Sub-Sahara Africa must be reached to increase the economic growth of Sub-Sahara Africa. For economic growth, effective government institutions and governance quality policies should be practiced and maintained among the Sub-Saharan African countries.Öğe Rethinking of Government Institutions and Governance Quality Indicators on Economic Growth in Sub-Saharan African Countries (Jun, 10.1007/s13132-024-02040-6, 2024)(Springer, 2024) Sit, Ahmet; Radulescu, Magdalena; Gunes, Hakan; Simba, Hamis Miraji Ally; Sit, Mustafa; Karadag, Haydar[Abstract Not Available]












