Associate Professor, Department of Economics, Kazakhstan Institute of Management, Economics, and Strategic Research (KIMEP), Almaty, Kazakhstan. 8/2004-9/2005.

Associate Professor, Department of Economics, Kyrgyz-Turkish Manas University, Bishkek, Kyrgyzstan. 4/2004-7/2004

Classes Taught

Fields of Interests

Honors/Awards

Research

Published Papers

The Conditional Relationship between Beta and Return during Up and Down Makets in ISE, ISE Jornal, forthcoming, (200y). (with Y. Byazit and S. Sahin)

A Comparative Analysis of Productivity Growth, Catch-Up, and Convergence in Transition Economies, Emerging Markets Finance and Trade, 41, 6-29, (2005). (with E. Deliktas)

Persistence in Inflation: Does Aggregation Cause Long Memory, Emerging Markets Finance and Trade, 40, 25-56, (2004).

Multifractality of the Istanbul and Moscow Stock Market Returns, Emerging Markets Finance and Trade, 39, 5–46, (2003).

Estimation and Inference in Inventory Models with Integrated Technology Shocks, METU Studies in Development, 29, 217-246, (2002). (with R. J. Rossana)

Adjustment Costs and Optimal Taxes in a Dynamic Model of Pollution, Kyrgyz‑Turkish Manas University Science Journal, 4, 23‑37, (2003). (with M. Fisunoglu)

Trends, Cycles, and Volatility in Export Prices: The Case of Turkey, Kyrgyz‑Turkish Manas University Journal of Social Sciences, 6, 161–185, (2003). (with F. Dulger)

An Analysis of the Time Series Properties of Export Prices Using Unobserved Components Model, Kyrgyz‑Turkish Manas University Journal of Social Sciences, 7, 69–82, (2003).

Comparative Technical Efficiencies of State and Privately Owned Sugar Plants in Turkey, Kyrgyz‑Turkish Manas University Journal of Social Sciences, 8, 167–179, (2003). (with M. Cokgezen)

What Does a Unit Root Mean? The Statistical and Economic Interpretation of Unit Root Processes with a Survey of Unit Root Tests, Journal of the Faculty of Economics and Administrative Sciences, Cukurova University, Special Issue on Econometrics, 8, 289-332, (1998). (with A. Cabuk)

Structural Change and Unit Roots, Journal of Faculty of the Economics and Administrative Sciences, Cukurova University, Special Issue on Econometrics, 8, 355-402, (1998).

How Important are Structural Changes as an Explanation of Unit Roots in Macroeconomics Time Series? Some Counter Evidence from G-7 Countries, Journal of the Faculty of Economics and Administrative Sciences, Cukurova University, 9, 71-89, (1998).

Effects of Taxes and Public Goods on Economic Growth in Endogenous Growth Models, Journal of the Faculty of Economics and Administrative Sciences, Dokuz Eylul University, 12, 149-167, (1997).

Time Series Tests of Growth Models and Convergence Hypothesis, Journal of the Faculty of Economics and Administrative Sciences, Cukurova University, 6, 55‑77, (1996).

Informatization of Economics: A Case Study, Proceedings the First International Scientifically-Practical Conference of the Informatization of Society, Eurasian National University, Astana, Kazakhstan (2004).  (with J. Leonard and S. Khakimzhanov)

A Wavelet Analysis of the Stock Price-Volume Relationship , Proceedings of the First International Manas University Conference in Economics, Kyrgyz-Turkish Manas University Publications, No: 61, 72‑83, Bishkek, Kyrgyzstan, (2004).

An Econometric Analysis on the Governance and Macroeconomic Performance in Central Asian Countries , Proceedings of the First International Conference on the Transition Countries on the Way of Transforming Into Market Economies, Kyrgyz-Turkish Manas University Publications, No: 50,  84-100, Bishkek, Kyrgyzstan, (2003).

Is Governance Key to the Successful Transition? Empirical Findings, Proceedings of the Conference on the Stable Development of the Kyrgyz Republic, Section 2, Ministry of Education and Culture, Bishkek State Institute of Economics and Trade, 253-270, Bishkek, Kyrgyzstan, (2003).

On the Governance and Economic Development in Transition Countries, Proceedings of the Conference on the Strategic Perspectives and Contemporary Economic Problems of Kyrgyz Republic, Kyrgyz‑Russian Slavic University, 3-15, Bishkek, Kyrgyzstan, (2003).

Governance Issues in Central Asia States: Effects on the Business and Development, Proceedings of the State and Business in XX1 Century: International Scientific-Practical Conference, Al-Farabi Kazakh National University, 303-313, Almaty, Kazakhstan, (2003).

Teaching Econometrics Using Dynamic Graphics, Proceeding of the Osh State University International Science Conference on University Education, Osh State University Social Science Publication, No: 5, 170‑180, Osh, Kyrgyzstan, (2002).

An Evolution of the Growth Efficiency of the Transition Economies, Proceeding of the Kyrgyz-Turkish Manas University International Conference on Globalization and Transition Economies, Kyrgyz-Turkish Manas University Publications, No: 29, 89‑129, Bishkek, Kyrgyzstan, (2002).

Estimation of Dynamic Import Demand Functions for the Turkish Economy: Cointegration Approach, Proceedings of the Third National Econometrics and Statistics Symposium, 311-324, Bursa, Turkey, (1998). (with M. Doganlar)

Bootstrap Based Unit Root Test, Proceedings of the Research Symposium ’97, State Statistical Institute, 28-31, Ankara, Turkey, (1997).

Conference Presentations and Other Papers

The Dynamics of Real Exchange Rate Misalignment in Turkey, Eight National Econometrics and Statistics Symposium, May 2007, Malatya, Turkey.

Real Exchange Rate Misalignment and Macroeconomic Performance in Turkey,

First International Conference on Business, Management and Economics, Yasar University, June 2005, Izmir, Turkey. (with D. Danju)

Inflation Persistence in Transition Economies, First International Conference on Business, Management and Economics, Yasar University, June 2005, Izmir, Turkey.

 Competition in Transition Economies: Does Ownership Matter?, Business at the Heart of Central Asia: Critical Issues of Competition and Competitiveness, Westminster International University in Tashkent, May 2005, Tashkent, Uzbekistan. 

 Private Sector Development in Kazakhstan and other Central Asian Economies, Private Sector Development in North East Asia:  Issues and Challenges, Mongolian Development Research Center, March 2005, Ulan Bator, Mongolia. (with J. Leonard)

Informatization of Economics: A Case Study, First International Scientifically-Practical Conference of the Informatization of Society, Eurasian National University, Astana, Kazakhstan (2004).  (with J. Leonard and S. Khakimzhanov)

A Wavelet Analysis of the Stock Price-Volume Relationship, First International Manas University Conference in Economis, Kyrgyz-Turkish Manas University, September 2004, Bishkek, Kyrgyzstan.

An Econometric Analysis on the Governance and Macroeconomic Performance in Central Asian Countries , First International Conference on the Transition Countries on the Way of Transforming Into Market Economies, Kyrgyz-Turkish Manas University, December 2003, Biskek, Kyrgyzstan.

Governance Issues in Central Asia States: Effects on the Business and Development, State and Business in XX1 Century: International Scientific-Practical Conference, Al-Farabi Kazakh National University, November 2003, Almaty, Kazakhstan.

Is Governance Key to the Successful Transition? Empirical Findings, Conference on the Stable Development of the Kyrgyz Republic,  Ministry of Education and Culture, Bishkek State Institute of Economics and Trade, October 2003, Bishkek, Kyrgyzstan.

Long Memory and Structural Breaks in Turkish Inflation Rates, Sixth National Econometrics and Statistics Symposium, May 2003, Ankara, Turkey.

On the Governance and Economic Development in Transition Countries, Conference on the Strategic Perspectives and Contemporary Economic Problems of Kyrgyz Republic, Kyrgyz‑Russian Slavic University, May 2003, Bishkek, Kyrgyzstan.

An Analysis of the Macroeconomic Performance, Economic Development, and Governance in the Central Asia Countries, Symposium on the Socio-Economic Change and Development of the Turkish Republics and Communities after the Soviet Union, Institute of Management, May 2003, Celal‑Abad, Kyrgyzstan. 

Teaching Econometrics Using Dynamic Graphics, International Science Conference on University Education, Osh State University, May 2003, Osh, Kyrgyzstan.

An Evolution of the Growth Efficiency of the Transition Economies, International Conference on Globalization and Transition Economies, Kyrgyz-Turkish Manas University, May 2002, Bishkek, Kyrgyzstan.

Persistence in Inflation: Long Memory, Aggregation, or Level Shifts?, METU International Conference on Economics VI, Middle East Technical University, September 2002, Ankara, Turkey.

A Comparative Analysis of Productivity Growth, Catch-Up, and Convergence in Transition Economies, METU International Conference on Economics VI, Middle East Technical University, September 2002, Ankara, Turkey. (with E. Deliktas)

A Multifractal Random Walk Down IMKB, METU International Conference on Economics V, Middle East Technical University, September 2001, Ankara, Turkey.

Testing for Cointegration Rank in Fractionally Integrated Processes, METU International Conference on Economics V, Middle East Technical University, September 2001, Ankara, Turkey.

A Comparison of Fractional Cointegration Tests, Sixth National Econometrics and Statistics Symposium, September 2001, Adana, Turkey.

Bootstrap Based Unit Root Tests Under Structural Change, METU International Conference on Economics IV, Middle East Technical University, September 2000, Ankara, Turkey.

Inefficiency of Labor Use: The Case of Turkish Banking Industry, METU International Conference on Economics IV, Middle East Technical University, September 2000, Ankara, Turkey. (with M. Cokgezen)

Balcilar, M. and M. Fisunoglu, Adjustment Costs and Optimal Taxes in a Dynamic Model of Pollution, METU International Conference on Economics II, September 1998, Middle East Technical University, Ankara, Turkey. (with M. Fisunoglu)

Estimation of Dynamic Sectoral Import Demand Functions for Turkey Using Vector Error Correction,  METU International Conference on Economics II, Middle East Technical University, September 1998, Ankara, Turkey. (with F. Dulger and Z.A. Ozdemir)

Point Optimal Invariant Tests of a Unit Root in Models with Structural Change, METU International Conference on Economics, Middle East Technical University, September 1997, Ankara, Turkey.

Trends, Cycles, and Volatility in Export Prices: The Case of Turkey, METU International Conference on Economics, Middle East Technical University, September 1997, Ankara, Turkey. (with F. Dulger)

Books

Projects and Grants

Cukurova University Research Center, Turkey, “An Analysis of Consumption Bahavior in Adana,” Principal Researcher, April 1988 – June 1990 - $3,000.

National Institute on Drug Abuse, USA, “EconomicAnalyses of Drug Treatment Costs and Demand,” Researcher, October 1993 - July 1997 - $700,000.

Cukurova University Research Center, Turkey, “Point Optimal Unit Root Tests with Structural Breaks,” Principal Researcher, October 1996 – October 1997 - $5,000.

Economic Research Center, Kyrgyzstan, “How to Measure Effects of Governance and Corruption,” Principal Researcher, April 2002 – April 2003 - $1,000.

Procter & Gamble jointly with KIMEP Research Center, Kazakhstan, “A Local Content Research on Kazakhstan,” Researcher, 2004 – 2005 - $10,0000.

State Planning Organization, Turkey, “The Measurement of Performance of Industrial Development Regions and Development of New Strategies,” Researcher, September 2006 – February 2008 - $255,000.

Cukurova University Research Center, Turkey, “A Value at Risk System Development for Turkish Financial Markets,” Principal Researcher, January 2007 – January 2008 - $5,500.

Computing Skills

Good programming skills in FORTRAN and C/C++.

Very well knowledge in S-Plus, R, GAUSS, and RATS statistics/econometrics software and languages.