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Investors consider foreign exchange as being among the most significant financial markets. Many discussions regarding economic development, growth strategies and stabilization policies place real exchange rate to play the most important role in the macroeconomic adjustment mechanism. This study compares a structural model and a statistical model, namely, purchasing power parity and artificial neural...
Energy plays a fundamental role in an economy. Turkey has the world's 15th largest GDP-Purchasing power parity and 17th largest Nominal GDP. Economists and political scientists classify Turkey as a newly industrialized country. In this study, an alternative model for Turkey's energy consumption is proposed for the time between 1980 and 2004. Artificial neural network based model (ANN) is preferred...
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