Narod Erkol

MEF University · Department of Economics

In Turkey, a dramatic surge in the number of university graduates has increased the share of skilled labor in the workforce over the last two decades. This study aims to analyze the effects of this change on the skill wage premium by using Goldin and Katz’s (The race between education and technology. Belknap for Harvard University Press, 2008) fram...

The Turkish labour market has undergone remarkable changes in the last two decades. An important development is the rising number of university graduates: The aim of this study is to explore whether the Turkish economy has undergone sufficient technological progress to favour more skilled workers, by analysing the effects of skill mismatch on wages...

The goal of the this paper is to investigate the shock spillover characteristics of the Russian stock market during different rounds of sanctions imposed as a reaction to Russia’s alleged role in the Ukrainian crisis. We consider six stock markets, represented by their respective stock indices, namely the US (DJIA), the UK (FTSE), the euro area (Eu...

We consider three equity markets, represented by stock indices DJIA (USA), FTSE 100 (UK), and EURO STOXX 50 (euro area). Connecting these three markets together via vector autoregressive processes in index returns (or volatilities), we construct “propagation values” to measure, on a daily basis, the relative importance of a market as a volatility c...

One of the advantages to analyze the economic links between two countries on the basis of stock market data, rather than aggregate economic data published by national statistical offices, is that stock market data are readily available, allowing analysis in almost real time. We consider a directed network with equity markets as nodes and return-to-...

Movements in the age structure of a population are often accompanied by substantial rural-urban migration. It is therefore compelling to analyze the implications of fertility, mortality, and migration patterns together. We use a joint Leslie-type population model of urban and rural populations which projects the current population structure into th...

Economic growth and urbanization are often closely linked. From a formal point of view, urbanization can be seen as a result of migration probabilities, together with fertility rates and survival probabilities prevalent in urban and rural areas, together with migration probabilities. We introduce a new Leslie-type population model which describes t...