Eurasian Journal of Business and Economics

1-14

Authors: Mehmet MERCAN, Ismet GOCER, Sahin BULUT & Metin DAM

In this study, the effect of trade openness on economic growth was searched for the most rapidly developing countries (emerging markets; Brazil, Russia, India, China and Turkey, BRIC-T) via panel data analysis by using the annual data of the period from 1989 to 2010. As trade openness variable, the rate of external trade (Export+ Import) to GDP was used. According to empirical evidence derived from the study made with panel data analysis it was found that the effect of openness on economic growth was positive, and statistically significant in line with theoretical expectations.

39-51

Authors: Dilek ALTAS & Hakan OZTUNC

Watching the commercials depends on the choice of the viewer. Most of the television viewing takes place during “Prime-Time” unfortunately; many viewers opt to zap to other channels when commercials start. The television viewers’ demographic characteristics may indicate the likelihood of the zapping frequency. Analysis made by using Multinomial Logit Model indicates how effective the demographic variables are in the watching rate of the first minute of the television commercials.

75-91

Authors: Renu SHARMA & Mandeep KAUR

Global economic environment is changing rapidly during the last two decades. This change is reflected in widening and intensifying international linkages in trade and FDI. Various countries are now favouring economic reforms for attaining rapid and sustained growth. The scope for transnational production has expended due to reduction of the barriers to international trade and the various regional integration agreements between the different countries. This paper examines the causal relationships between FDI and trade (i.e Exports and Imports) in India and China. Granger causality test has been employed to examine the causal relation between FDI and trade by using the data over the period of 1976-2011.The results for China show unidirectional causality running from FDI to imports and FDI to exports, however, there exist bidirectional causality between imports and exports. India gives the results which are not similar to China where bidirectional causality between FDI and imports; FDI and exports; and exports and imports have been found.

121-134

Authors: Nurlan ATABAEV & Junus GANIYEV

This article examines the effects of monetary transmission on real output and price level in Kyrgyzstan which is very important issue for central banks. We analyzed the relationships between the money supply, real output, price level, interest rate, credit and real exchange rate by using the vector autoregression approach (VAR) and monthly data for 2003-2011. As a result the interest rate channel remains weak, on the other hand it have been revealed that the credit channel has some affects to real output, the exchange rate channel affects the prices. Exchange rate channel remains still the most effective channel. Based on these results, it can be argued that government can use credit and interest rate channel in increasing real output, and the exchange rate channel in achieving price stability in Kyrgyzstan.