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Öğe BILATERAL J-CURVE BETWEEN TURKEY AND THE EUROZONE(Mehmet Akif Ersoy Univ, 2022) Ozdemir, Salih; Topcu, Mert; Emirmahmutoglu, FurkanA large body of the literature use aggregate data to investigate the validity of the J-curve hypothesis. Recent studies, however, address the importance of disaggregated data in order to prevent aggregation bias. In the case of Turkey where foreign trade volume is largely dominated by the Eurozone countries, one set of studies examines the J-curve phenomenon using total trade data while the second set of studies investigates the validity of the bilateral J-curve within a time-series framework. This study intends to investigate the validity of the bilateral J-curve between Turkey and the Eurozone over the period 2002:Q1-2019:Q4 within a dynamic panel data framework robust to heterogeneity and cross-section dependence. Results obtained from the Dynamic Common Correlated Effects estimator reveal that the J-Curve hypothesis does not hold given the short-run results.Öğe Exploring the role of socio-economic factors in European Green Deal performance(Cambridge Univ Press, 2025) Topcu, Mert; Ozdemir, Salih; Demirel, NeslihanThe European Green Deal (EGD) provides a strategic framework for the European Union's (EU) transition to climate neutrality by 2050. Yet, limited integration of socio-economic dimensions may hinder its long-term success and fairness. This study investigates the indirect impacts of socio-economic factors on EGD performance by constructing a Green Deal Performance Index (GDPI) using a multi-criteria decision-making approach for 22 EU countries over 2010-2020. We then apply an instrumental variable regression approach to estimate how emissions, shaped by structural socio-economic conditions, affect the GDPI. Our results show that the negative impact of emissions is nearly 47 times larger when socio-economic dynamics are ignored. These findings underscore the necessity of inclusive policymaking for achieving carbon neutrality, contributing to discussions on ensuring a just transition by highlighting the critical role of socio-economic dynamics. We also present implications for policymakers developing fair and equitable strategies promoting sustainability and social justice in this context.












