- Eklemek veya çıkarmak istediğiniz kriterleriniz için 'Dahil' / 'Hariç' seçeneğini kullanabilirsiniz. Sorgu satırları birbirine 'VE' bağlacı ile bağlıdır. - İptal tuşuna basarak normal aramaya dönebilirsiniz.
In the 1960s, endogenous growth theories revealed that human capital accumulation is at least as important as physical capital accumulation on economic growth. Then, it was focused on how to increase the accumulation of human capital, and it was determined that the two main components were primarily education and then health. There are many studies in the literature on the relationship between economic growth and health expenditures. In the studies on the relationship between health expenditures and economic growth, although it has been observed that health expenditures generally increase economic growth, there are also studies that . . . do not affect economic growth or decrease economic growth. In this study, the relationship between health expenditures and economic growth has been examined for OECD countries with five different methods: panel data analysis, structural break panel data analysis, panel causality test, dynamic panel data analysis and non-linear panel data analysis. In these methods, firstly, the relationship between economic growth and health expenditures was examined. Then, the other generally accepted components of economic growth in the literature, such as capital accumulation, total factor productivity and the democracy index, whose effects on economic growth are discussed, were included in the model and the effect of health expenditures on economic growth was determined
This study aims to provide an extensive analysis of systematic (market-wide) and systemic (sector-wide and industry-wide) components of the idiosyncratic default risk. We detect significant heterogeneity among the default risk structure of various industry groups. More specifically, the default probability of institutions affiliated with certain industry groups is more strongly linked to industry-wide risks while others are more heavily tied to sectorwide risks. We further show that systematic and systemic components of default risk alter also relative to up/down market cycles for each industry group. That is, the default risk of c . . .ompanies associated with certain industry groups proves systematic in both uptrends and downtrends whereas others induce the market risk during only bullish or bearish market states. We further consider a scenario where higher default risk of firms belonging to a specific industry group aggravates the sector risks other than its own and find that an increase in the default risk of various industry groups can in fact destabilize one or more sectors. We notice that the stability of firms within specific industry groups matter more than others for the health of an economy and the wealth of its participants, regardless of the market state while others carry weight with respect to market cycles. Our findings on the direct linkages between idiosyncratic default risk and systematic and systemic risks among financial and non-financial firms provide valuable insights for investors as well as policy makers
YEDİTEPE ÜNİVERSİTESİ AKADEMİK ARŞİVİ
Yeditepe Üniversitesi, akademisyen ve lisansüstü öğrencilerinin iç ve dış paydaşlarla ürettikleri bilimsel çalışmalarını, Akademik Açık Arşivi’nde elektronik olarak yayınlayarak ülkemiz ve insanlık yararına sunar.
Yeditepe Üniversitesi Akademik Açık Arşivi’nde bulunan tüm kaynaklar, telif haklarına uygun şekilde ve açık erişim olarak yayınlanır.
Preprint (ön baskı), yayınlanmış makaleler ve diğer bilimsel belgeler Yeditepe Üniversitesi birimleri, araştırmacı adları, yayın tarihi ve anahtar kelimelere göre kategorize edilerek sunulmuştur.
Yeditepe University provides the scientific studies conducted by academicians and graduate students with internal and external partners for the benefit of our country and humanity by publishing them electronically in the Academic Open Archive. All resources in the Yeditepe University Academic Open Archive are published in accordance with copyright and open access. Preprint published articles and other scientific documents are categorised on the basis of Yeditepe University units, researcher names, publication date and keywords.
6698 sayılı Kişisel Verilerin Korunması Kanunu kapsamında yükümlülüklerimiz ve çerez politikamız hakkında bilgi sahibi olmak için alttaki bağlantıyı kullanabilirsiniz.