Research
FIELDS OF SPECIALIZATION
Primary:
Macroeconomics, Development Macroeconomics
Secondary:
Applied Econometrics, Computational Economics, Open-market Macroeconomics,
Industrial Organization.
REFEREED
ARTICLES
Bayraktar, Nihal and Yan Wang. "Banking Sector Openness and
Economic Growth," Margin – The Journal
of Applied Economic Research, (forthcoming
in 2008).
Agénor, Pierre-Richard, Nihal Bayraktar,
and Karim El Aynaoui, "Roads out of Poverty?
Assessing the Links between Aid, Public Investment, Growth, and Poverty
Reduction." Journal of Development Economics, vol. 86, issue 2, June 2008,
pages 277-295.
Pinto-Moreira, Emmanuel and Nihal Bayraktar. "Foreign Aid, Growth and
Poverty: A Policy Framework for Niger," Journal
of Policy Modeling, vol. 30,
issue 3, May-June 2008, pages 523-539.
BOOK CHAPTERS
Bayraktar, Nihal. "Aid,
Public Investment, Growth, and the MDGs: A quantitative Analysis."
Chapter 6. World Bank Country
Economic Memorandum on Niger.
Washington DC: World Bank. (2006).
Nihal Bayraktar
and Emmanuel Pinto Moreira, "Constraints to Strong
and Sustainable Growth and Poverty Traps." Chapter 4. World Bank
Country Economic Memorandum on Niger. Washington
DC: World Bank. (2006).
Agénor, Pierre-Richard, Nihal Bayraktar,
and Karim El Aynaoui, "Roads out of Poverty? Assessing the Links between
Aid, Public Investment, Growth, and
Poverty Reduction." Chapter 4. World Bank
Country Economic Memorandum on Ethiopia. Washington
DC: World Bank. (2004).
PAPERS UNDER REVIEW
Agénor, Pierre-Richard, and
Nihal Bayraktar. “Contracting
Models of the Phillips Curve: Empirical Estimates
for Middle-Income Countries,” Journal
of Monetary Economics, (February 2008) [initial submission].
Bayraktar, Nihal, and Hippolyte Fofack. “Specifications of Investment Functions in Sub-Saharan
Africa,” Journal of African Economies,
(March 2008) [initial submission].
Published
as World Bank Working Paper No: 4171 (March 2007).
Bayraktar, Nihal, Plutarchos Sakellaris, and
Philip Vermeulen. “Real Versus Financial
Frictions to Capital Investment,” Journal of Money, Credit, and Banking, (December 2006). [working on the paper for revised resubmission].
Published also as
European Central Bank Working Paper
No: 566 (December, 2005).
Bayraktar, Nihal. “Investment, Alternative Measures of Fundamentals, and
Financial Variables,” Journal of Monetary Economics, (May
2006) [working on the paper for revised resubmission].
WORKING PAPERS AND PAPERS IN PROGRESS
Agenor, P.R., N. Bayraktar,
and E. Pinto Moreira.
Linking Public Investment Programs and SPAHD Macro Models: Methodology and
Application to Aid Requirements," mimeo, 2005. Published as World Bank
Working Paper No: 3944 (June
2006).
Bayraktar, Nihal and Plutarchos Sakellaris. “Firm
Market Value and Investment: The Role of Firm Market Power and Different
Types of Adjustment Costs,” mimeo, 2005.
Bayraktar, Nihal and
Yan Wang.
“Foreign Bank Entry and Domestic
Banks' Performance: Evidence Using Bank-Level Data,” mimeo. November 2005.
Bayraktar,
Nihal. “On a Macroeconomic Model for
Ethiopia: Counterfactual Analysis,” mimeo, 2005.
Bayraktar,
Nihal. “Analyses
of Alternative Fundamentals
of Fixed Capital Investment,” University of Maryland,
mimeo, 2002c.
Bayraktar, Nihal. “Effects of Financial Market
Imperfections and Non-convex
Adjustment Costs in the Capital Adjustment Process,” University of Maryland,
mimeo, 2002a.
PRESENTATION OF REFEREED PAPERS
Agenor, P. & Bayraktar, N.
(2008, August). Contracting Models of the Phillips Curve Empirical
Estimates for Middle-Income Countries. Accepted for The 23rd European
Economic Association Congress - Milan, Italy August 27-31, 2008, Milan,
Italy.
Bayraktar, N. (2008, July). The Composition of Public Expenditure
and Growth: A Small-scale Intertemporal Model for
Low-Income Countries. Accepted for EcoMod2008, International
Conference on Policy Modeling, Berlin 2-4, 2008, Berlin, Germany.
Agenor, P. & Bayraktar, N.
(2008, June). Contracting Models of the Phillips Curve Empirical
Estimates for Middle-Income Countries. Accepted for International
Economic Association 15th World Congress, Istanbul, Turkey.
Bayraktar, N. &
Pinto Moreira, E. (2007, March). The Composition of Public Expenditure and Growth:
A Small-scale Intertemporal Model for Low-Income
Countries. Presented at Seminar series - World Bank - Latin
America and Caribbean Region, Washington, District of Columbia.
Bayraktar, N. & Sakellaris, P.
(2007, January). Firm Market Value and Investment: The Role of Market
Power and Adjustment Costs. Presented at ASSA
Meetings, Chicago, Illinois.
Bayraktar, N., Agénor, P., & El Aynaoui,
K. (2006, October). Roads out
of Poverty? Assessing the Links between Aid, Public Investment, Growth, and
Poverty Reduction. Presented at 62nd International Atlantic
Economic Conference, Philadelphia, Pennsylvania.
Pinto
Moreira, E. & Bayraktar,
N. (2005, December). A Macroeconomic
Framework for Quantifying Growth and Poverty Reduction Strategies in Niger.
Presented at 3rd Murat Sertel Graduate
Student Festival (CENTER FOR ECONOMIC DESIGN - BOGAZICI UNIVERSITY
), ISTANBUL, Turkey.
Bayraktar, N. & Sakellaris,
P. (2005, August). Firm Market Value
and Investment: The Role of Firm Market Power and Different Types of
Adjustment Costs. Accepted for European Economic Association
Meeting, Amsterdam, Netherlands.
Bayraktar, N. & Pinto-Moreira,
E. (2005, June). A Macro Framework for
Quantifying Growth and Poverty Reduction Strategies in Niger.
Presented at International Conference on Policy Modeling, Istanbul,
Turkey.
Bayraktar, N. & Wang, Y. (2005, May). Foreign Bank Entry and Domestic Banks
Performance: Evidence Using Bank-Level Data. Presented at Shanghai
Forum 2005, Shanghai, China.
PRESENTATION OF NON-REFEREED PAPERS
Bayraktar, N. &
Pinto Moreira, E. (2007, August). The Composition of Public Expenditure and
Growth: A Small-scale Intertemporal Model for
Low-Income Countries. Invited presentation at Bogazici
University - Brown Bag Seminar Series, Istanbul, Turkey.
Agenor, R. , Bayraktar, N., Pinto-Moreira, E., & El Aynaoui,
K. (2005, September). Building
Strategy Papers for Human Development: A Monitoring Framework for Niger.
Invited presentation at Workshop on Accelerating Growth and Achieving the
MDGs, Washington, District of Columbia.
Bayraktar, N. , Agenor, P., & El Aynaoui, K. (2006,
November). Roads out of Poverty? Assessing the Links between Aid, Public
Investment, Growth, and Poverty Reduction. Penn State Harrisburg Seminar
Series, Middletown, Pennsylvania.
Pinto Moreira, E. & Bayraktar, N. (2005, April). A Macroeconomic Framework for
Quantifying Growth and Poverty Reduction Strategies in Niger. Invited
presentation at Brown Bag Seminar Series (Department of Business at
Elizabethtown College), Elizabethtown, Pennsylvania.
RESEARCH
GRANTS
2005
- Bayraktar, N., "RESEARCH COUNCIL GRANT:
2005-06 COMPETITIONS", Penn State Capital College, ( $3,300).
SOFTWARE
DEVELOPED
2007: Un
Modèle SPAHD pour l’analyse des stratégies de croissance et de développement
humain. This simulation program package
written in E-views is used to solve the SPAHD model for Madagascar.
2007: A SPAHD Model for the Dominican Republic.
This simulation program package written in E-views is used to solve the SPAHD
model for the Dominican Republic.
2005:
Updated version of the numerical simulation package is created for Niger (Bayraktar and Pinto-Moreira,
2005) in E-Views for Microeconomic Modeling. It is the updated version of the
initial program used in simulating the models for Ethiopia (Agénor, Bayraktar, El Aynaoui, 2005).
OTHER
RESEARCH ACTIVITIES
2007 - An operational
manual giving detailed information on the simulation of a SPAHD model for
Madagascar. The manual explains how the model is specified, the parameters
are calibrated, and the program is run. It also explains the different steps
to follow to introduce policy shocks, analyze the output table, and derives
policy implications. In order to help readers not familiar with Eviews to get started, we provide some basic information
on EViews 4.0.
2007 - An operational
manual giving detailed information on the simulation of a SPAHD model for the
Dominican Republic. The manual explains how the model is specified, the
parameters are calibrated, and the program is run. It also explains the
different steps to follow to introduce policy shocks, analyze the output
table, and derives policy implications. In order to help readers not familiar
with Eviews to get started, we provide some basic
information on EViews 4.0.
2005 - The
second version of this operational manual gives detailed information on the
simulation of a macroeconomic model linking aid, public investment
(disaggregated into education, health, and infrastructure), and growth,
developed by Agénor, Bayraktar,
and El Aynaoui (2005) and applied to Niger by Pinto
Moreira and Bayraktar
(2005).
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