Economics Literature <p><strong>Economics Literature (eLit)</strong>, is designed to help researchers in the area of economics keep abreast of the vast flow of literature. <strong>Economics Literature</strong> issues contain commissioned, peer-reviewed survey and review articles, short communications, book reviews, an annotated bibliography of new books classified by subject matter, and a brief of dissertations in universities&nbsp;during the previous academic year.</p> <p>&nbsp;</p> WERI Eğitim Araştırma Geliştirme Basım Yayım Organizasyon ve Danışmanlık Sanayi ve Ticaret Ltd. Şti en-US Economics Literature 2687-282X <p><strong>Economics Literature</strong> is an&nbsp;<strong>Open Access</strong>&nbsp;journal and provides immediate open access to its contents. The Journal aims to promote the development of global&nbsp;<a href="">Open Access</a>&nbsp;to scientific information and research. The Publisher provides copyrights of all online published papers (except where otherwise noted) for free use of readers, scientists, and institutions (such as link to the content or permission for its download, distribution, printing, copying, and reproduction in any medium, except change of contents and for commercial use), under the terms of&nbsp;<a href="">Creative Commons Attribution-NonCommercial (CC BY-NC) License</a>, provided the original work is cited.&nbsp;<a href="">Written permission</a>&nbsp;is required from the publisher for use of its contents for commercial purposes.</p> <p><img src="" alt="Creative Commons Lisansı"></p> Issue Information (Vol. 1 Issue 1) Journal eLit ##submission.copyrightStatement## 2019-06-01 2019-06-01 1 1 Breake from Creative Destruction: The Demolishment of Neo-Classical Economics <p>The story of the industrialization process began in England has brought about a deep transition in terms of relations of production, and this led to brand new objective conditions that caused the economy to go into a major metamorphosis by changing the institutional and intellectual structure. This process has been influential in changing the discipline of economics. The classical theory of economics, which began with optimistic terms like freedom and perfect competition, evolved into “dismal science”, got replaced by a transition called marginal revolution, and furthermore, with critics, by Neo-classical theory of economics which was mesmerized by mathematics. While moving away from practice for the sake of being scientific, Neo-classical economics tried to utilize laws of physics on human beings, put the emphasis on the principle of rationality and the perceived economy as a machine. The theory’s inability to explain the contemporary world and its habit of reducing economics to abstract mathematics, combined with its mistaken ideal to explain economics by cause-and-effect relation as in natural sciences, caused economics to be isolated from other disciplines. This study presents a critical approach to the emergence of Neo-Classical economics by discussing the contextual structure and conditions of its birth from a historical perspective.</p> Kübra Aycan Gelekçi Arif Kılıç ##submission.copyrightStatement## 2019-06-01 2019-06-01 1 1 1 23 10.22440/elit.1.1.1 Does Interest Rate Influence Demand for Money? An Empirical Evidence from Ghana <p>This paper investigates whether interest rate influences demand money in Ghana using annual time series from 1980 to 2016. Demand for money is measured by broad monetary aggregate (M2+) whilst the rate of interest is proxied by the 91-day Treasury bill rate. Other variables included in the study are real income, inflation, and exchange rate. The bounds testing approach to cointegration within the autoregressive distributed lag (ARDL) framework is employed as the estimation technique. The results show that interest rate has no significant influence on demand for money in Ghana in both the long and short run. It is also found that real income has a positive and significant effect on demand for money in the long run. In the short run, inflation exerts a negative and significant influence on money demand. Based on the insignificant relationship between the interest rate and money demand, it is recommended that monetary authorities should not focus much on the interest rate when designing monetary policies that are geared towards stabilizing the economy to expedite economic growth. However, authorities should focus more on inflation and real income as these variables exert a significant effect on the demand for money.&nbsp;</p> Samuel Tawiah Baidoo Hadrat Yusif ##submission.copyrightStatement## 2019-06-01 2019-06-01 1 1 24 36 10.22440/elit.1.1.2 The Pollution Haven Hypothesis and Foreign Trade - A Survey on the Relation with Environment <p>The liberalization of foreign trade has enabled the movement of foreign direct investments between countries. Therefore, developing countries have sought to achieve their industrialization targets by applying loose environmental policies to attract foreign direct investments to their own countries. These environmental policies are attractive to pollution-causing industries in developed countries and cause the movement of these industries to developing countries. This situation has been the subject of research in the literature under the name of “Pollution Haven Hypothesis” or “Pollution Shelters Hypothesis”. This study aims to examine the studies contributing to the Pollution Paradise Hypothesis literature. The results based on our review of existing literature show that there is still no clear conclusion on the Pollution Haven Hypothesis.</p> İlker Akar ##submission.copyrightStatement## 2019-06-01 2019-06-01 1 1 37 50 10.22440/elit.1.1.3 Modeling Climate Change Impact on Health and Population Migration: A Systematic Review <p>In addition to the many economic consequences, climate change alters migration and human health. However, while there are many models in the literature to analyze the economic shocks of climate change, authors still face many difficulties in finding appropriate models for studying the migration and health consequences related to climate change. In this article, a systematic review method is utilized to examine the modeling techniques used in studies about the influences of climate change on migration and health in recent literature. A total of 32 published studies in the last 20 years are reviewed with a focus on the modeling techniques using to study the relationship between climate change, migration, and health. The results of our analysis show that linear regression models, general equilibrium models, agent-based models, and Bayesian models are among the most widely used models in the literature of climate change effect on health and population displacements. In addition, the temperature level, the rainfall quantity, and air quality are the most used climatic change indicators in empirical studies. Moreover, the empirical findings of the review indicate that climate change will increase population mobility and increase the risk of diseases such as malaria, asthma and gastric diseases. It is also estimated that climate change will increase temperature-related death.</p> D. Abdoul Karim Zanhouo A. Berenger Ismael Nana ##submission.copyrightStatement## 2019-06-01 2019-06-01 1 1 51 65 10.22440/elit.1.1.4 Pricing Corridor of Companies in Turkey on Labels of Domestic Production: An Examination of Behavioral Economics <p>Recently experienced difficulties in the exchange rate pose great pressure on the economic system in Turkey.Turkey Authority is applying various methods to solve this currency printing. One of these methods is the domestic production label that is put into practice in order to influence the people's consumption motivation. This label is strong enough to cause serious pressures on the consumption motivation of the public, while at the same time making a change in the minimum and maximum price that people are willing to pay for a product. For this purpose, the change in the price corridor has been examined and it has been concluded that the maximum price and minimum price that people are willing to pay for a product increase and on the other hand this situation effect small firms are negatively and the big firms positively.</p> Mehmet Ertaş ##submission.copyrightStatement## 2019-06-01 2019-06-01 1 1 66 80 10.22440/elit.1.1.5 Kurumsal İktisat Yakla¸sımları Bağlamında Kurumsal Yapı-Ekonomik B¨uy¨ume İli¸skisi: Teori ve Uygulama <p>In this study, Institutional Economics, one of the most important schools of economic theory, is examined with a historical analysis methodology. In this context, the main purpose is to reveal the possible relations between the institutional structure and economic growth.</p> Yahya Can Dura ##submission.copyrightStatement## 2019-06-01 2019-06-01 1 1 81 83 10.22440/elit.1.1.6