City and Regional Planning / Şehir ve Bölge Planlama

Permanent URI for this collectionhttps://hdl.handle.net/11147/4274

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  • Article
    Citation - WoS: 1
    Citation - Scopus: 1
    Socio-Economic and Development Disparities Over the Long-Run: Exploring Spatial Heterogeneities in the Case of Turkey
    (Hungarian Central Statistical Office, 2024) Duran, Hasan Engin; Cifci, Burcu Degerli; Karabakan, Berfin; Dogan, Fehmi
    The aim of this paper is to explore the evolution of socioeconomic development and income disparities and convergence patterns across Turkish provinces, emphasizing the impact of spatial heterogeneities. We propose two types of contributions to the literature. First, most of the studies that apply the 13- convergence method presume a unique 13 parameter, assuming that all regions homogenously converge to the steady state at the same pace. However, we argue that relaxing this assumption by way of considering spatial heterogeneities might be more informative. Second, we provide a simple solution to a severe problem: The neoclassical model assumes a monotonic saddle path along which economic fluctuations are not considered, which might be particularly influential with regard to convergence when the time span is too short to capture long-term evolution. Many empirical studies cover only short periods, which may be easily dominated by recessions or expansions, significantly biasing the results. To overcome this problem, we look into two datasets covering long periods (1963-2017 and 1975-2021). Having applied various empirical methods, such as spatial regressions, GWR and nonparametric regressions, we obtain several results. First, at the country level, there is empirical evidence of regional convergence and decreasing development inequalities. Second, however, this convergence process is not valid in all areas. We conclude that there is nonnegligible spatial heterogeneity that should be taken into account in such analyses.
  • Article
    Citation - WoS: 8
    Citation - Scopus: 13
    Heterogenous Responses To Monetary Policy Regimes: a Regional Analysis for Turkey, 2009-2019
    (Hungarian Central Statistical Office, 2022) Duran, Hasan Engin; Karahasan, Burhan Can
    The heterogeneous response of regions to interest rate shocks is a severe issue that reduces the effectiveness of monetary policy. While the impact of interest rate shocks is central on policymaking, less has been discussed about the spatial heterogeneity in influencing macroeconomic policy implementations. In order to fill this gap, the authors explore regional responses to monetary policy in developing countries, such as Turkey. The main aim of the paper is to investigate how different regions adjust the extent of real economic activity in response to an exogenous country-wide shock in the interest rate policy. The analyses cover 81 Turkish provinces using monthly data from January 2009 to November 2019. To consider temporal and spatial patterns in the same framework, time-series analyses via unit root, co-integration, and VAR with spatial methods have been combined, including exploratory spatial data analysis and spatial econometric models. Preliminary findings validate that regional economic activity measured by employment responses is heterogeneous across provinces and policy regimes. Among the different determinants in assessing responsiveness to monetary policy shocks, interest rate, broad credit channels, and certain regional demographics have explanatory power. Moreover, sizeable spatial spillovers have been detected, which are believed to be crucial in evaluating the externalities and the exact impact of the country-wide policy shock in Turkey. Combined results indicate that the macroeconomic policy impact and spatial externalities are visible only during monetary expansion periods.