Last update: March 27, 2017.

Affiliation:

 Department of Econometrics, Faculty of Economics and Administrative Sciences, Pamukkale University, Denizli-Turkey.

Contact:

Pamukkale Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Ekonometri Bölümü, Kınıklı Kampusu Denizli/Türkiye.

Tel: +90 258 296 2694

Fax: +90 258 296 2626

e-mail: snazlioglu@pau.edu.tr; snazlioglu@hotmail.com

webpage: www.pau.edu.tr/snazlioglu

Education

 

 

Undergraduate

:

Erciyes University (Turkey), Faculty of Economics and Administrative Sciences, Department of Management, 2002.

Master’s Degree

:

Erciyes University (Turkey), Institute of Social Sciences, Master’s degree in Economic Policy, 2006.

PhD

:

Erciyes University (Turkey), Institute of Social Sciences, PhD in Economic Policy, 2010.

Employment

 

 

 



Research Assistant

:

Erciyes University-Institute of Social Sciences, 2005-2010.

Research Associate

:

Pamukkale University-Department of Econometrics, 2010-2011.

Assistant Professor

:

Pamukkale University-Department of Econometrics, 2011-2012.

Associate Professor

:

Pamukkale University-Department of Econometrics, 2012-

Administrative

 

 

Chair

:

Pamukkale University-Department of Econometrics, 2011-2014.

Chair

:

Pamukkale University-Department of Econometrics, 2016-.

Coordinator

:

Pamukkale University-Scientific Research Projects Unit, 2016-.

Memberships:

International Association for Applied Econometrics (IAAE), International Trade and Finance Association, Society for the Study of Emerging Markets, International Economic Society

Research Fields:

Unit root-cointegration-causality, energy-agricultural markets linkage, macro economy and agriculture, commodity prices, international trade.

Referee:

Agricultural Economics, Economic Modelling, Energy Sources Part B, Emerging Markets Finance and Trade, Ege Academic Review, Journal of International Development, Energy Policy, Energy Journal, Energy Economics, European Review of Agricultural Economics, Empirical Economics, Resources Policy, International Journal of Electrical Power and Energy Systems, Journal of International Trade and Economic Development, Applied Economics.

Awards:

Pamukkale University Social Sciences “Research Performance Award-2012”.

Pamukkale University Social Sciences “Science Award-2016”.

TÜBA (Turkish Academy of Sciences) “The Young Scientists Award (GEBIP)-2015”.

TÜBİTAK (Scientific and Technological Research Council of Turkey) “Incentive Award-2015”.

 

Research:

Articles in International Journals

Bayrakdaroğlu, A., Nazlıoğlu, Ş. (2009) “Hisse Senedi Fiyat-Hacim İlişkisi: İMKB’de İşlem Gören Bankalar için Doğrusal ve Doğrusal Olmayan Granger Nedensellik Analizi”. İktisat İşletme ve Finans 24(277): 85–109.

                               

Nazlioglu, S., Yalama, A., Aslan, M. (2009) “Financial Development and Investment: Cointegration and Causality Analysis for the case of Turkey”. International Journal of Economic Perspectives 3(2): 107-119.

 

Nazlioglu, S., Ege, I., Bayrakdaroglu, A. (2009) “Financial Development and Economic Growth: Cointegration and Causality for Turkey”. Banking and Finance Letters 1(2): 59-66.

 

Nazlioglu, S., Erdem, C. (2010) “Exchange Rate (Volatility) and Bilateral Agricultural Trade: Turkey versus her Major Trading Partners”. International Journal of Trade and Global Markets 3(3): 295-311.

 

Erdem, E., Guloglu, B., Nazlioglu, S. (2010) “The Macroeconomy and Turkish Agricultural Trade Balance with the EU Countries: Panel ARDL Analysis”. International Journal of Economic Perspectives 4(1): 371-379.

 

Nazlioglu, S., Erdem, E. (2010) “Impacts of Turkey’s Integration into the European Union on Agricultural Markets and Income Distribution”. Agricultural Economics Review 11(1): 33-43.

 

Erdem, E., Gozbasi, O., Ilgun, M.F., Nazlioglu, S. (2010) “Stock Market and Economic Growth Nexus in Emerging Markets: Cointegration and Causality Analysis”, International Journal of Business Forecasting and Marketing Intelligence 11(3/4): 262-274.

 

Erdem, E., Nazlioglu, S., Erdem, C. (2010) “Exchange Rate Uncertainty and Agricultural Trade: Panel Cointegration Analysis for Turkey”. Agricultural Economics 41(6): 537-543.

 

Kar, M., Nazlioglu, S., Agir, H. (2011) “Financial Development and Economic Growth Nexus in the MENA Countries: Bootstrap Panel Granger Causality Analysis”. Economic Modelling 28(1-2): 685-693.

 

Nazlioglu, S., Soytas, U. (2011) “World Oil Prices and Agricultural Commodity Prices: Evidence from an Emerging Market”. Energy Economics 33(3): 488-496.

 

Nazlioglu, S., Erdem, E. (2011) “Exchange Rates and Turkish Fresh Fruits and Vegetables Trade with the EU Countries: Bilateral Trade Data Analysis”. Journal of International Food & Agribusiness Marketing 23(2): 93-109.

 

Nazlioglu, S., (2011) “World Oil and Agricultural Commodity Prices: Evidence from Nonlinear Causality”. Energy Policy 39(5): 2935-2943.

 

Agir, H., Kar, M., Nazlioglu, S. (2011) “Do Remittances Matter for Financial Development in the MENA Region: Panel Cointegration and Causality Analysis”. Empirical Economics Letters 10(5): 449-456.

 

Nazlioglu, Lebe, F., Kayhan, S. (2011) “Nuclear Energy Consumption and Economic Growth in OECD Countries: Cross-sectionally Dependent Heterogeneous Panel Causality Analysis”. Energy Policy 39(10): 6615-6621.

 

Nazlioglu, S., Soytas, U. (2012) “Oil Price, Agricultural Commodity Prices, and the Dollar: A Panel Cointegration and Causality Analysis”. Energy Economics 34(4): 1098-1104.

 

Nazlioglu, S., Erdem, C., Soytas, U. (2013) “Volatility Spillover between Oil and Agricultural Commodity Markets”. Energy Economics 36(1): 658-665.

 

Erdem, C., Nazlioglu, S. (2013) “Determinants of New Vehicle Registrations in EU Countries: A Panel Cointegration Analysis”. Transportation Planning and Technology 36(3): 287-298.

 

Nazlioglu, S. (2013) “Exchange Rate Volatility and Turkish Industry-level Export: Panel Cointegration Analysis”. Journal of International Trade & Economic Development 22(7): 1088-1107.

 

Nazlioglu, S., Kayhan, S., Adiguzel, U., (2014) “Electricity Consumption and Economic Growth in Turkey: Cointegration, Linear and Nonlinear Granger Causality”. Energy Sources Part B: Economics, Planning, and Policy 9(4): 315-324.

 

Menyah, K., Nazlioglu, S., Wolde-Rufael, Y. (2014) “Financial Development, Trade Openness and Economic Growth in African Countries: New Insights from a Panel Causality Approach”. Economic Modelling 37: 386-394.

 

Gozbasi, O., Kucukkaplan, I., Nazlioglu, Y. (2014) “Re-examining the Turkish Stock Market Efficiency: Evidence from Nonlinear Unit Root Tests”. Economic Modelling 38: 381-384.

 

Adiguzel, U., Sahbaz, A., Ozcan, C.C., Nazlioglu, S. (2014) “The Behavior of Turkish Exchange Rates: A Panel Data Perspective”. Economic Modelling 42: 177-185.

 

Nazlioglu, S. (2014) “Trends in International Commodity Prices: Panel Unit Root Analysis”. North American Journal of Economics and Finance 49: 441-451.

 

Aslan, M., Buyrukoglu, S., Oz, E., Nazlioglu, S. (2014) “Does Fiscal Policy Matter for Trade Balance in the OECD Countries? Panel Vector Error Correction Estimation”. Journal of International Trade and Global Markets 7(4): 271-284.

 

Nazlioglu, S., Soytas, U., Gupta, R., (2015) “Oil Prices and Financial Stress: A Volatility Spillover Analysis”. Energy Policy 82: 278-288.

 

Nazlioglu, S., Hammoudeh, S., Gupta, R., (2015) “Volatility Transmission between Islamic and Conventional Equity Markets: Evidence from Causality-in-Variance Test, Applied Economics 47(46): 4996-5011.

 

Kayhan, S., Bayat, T., Nazlioglu, S., (2015) “Exchange Rate and Oil Price Interactions in Transition Economies: Czech Republic, Hungary and Poland”. Panoeconomicus 62(3): 267-285.

 

Nazlioglu, S., Gormus, A., Soytas, U. (2016) “Oil Prices and Real Estate Investment Trusts (REITs): Gradual-Shift Causality and Volatility Transmission Analysis”. Energy Economics 60(1): 168-175.

 

Nazlioglu, S., Karul, C. (2017) “A Panel Stationarity Test with Gradual Structural Shifts: Re-investigate the International Commodity Price Shocks”. Economic Modelling 61: 181-192.

 

 

Articles in National Journals

Nazlioglu, S. (2011) “Tarımsal Fiyatlarda Hedefi Aşma Hipotezi: Gelişmiş ve Gelişmekte Olan Ülkeler için Panel ARDL Analizi”. Ekonomik Yorumlar 48(556): 67–80.

 

Güloğlu, B., Nazlıoğlu, Ş. (2013) “Enflasyonun Tarımsal Fiyatlar Üzerindeki Etkileri: Panel Yumuşak  Geçiş Regresyon Analizi”. Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi 1(1):1-20.

 

Adıgüzel, U., Bayat, T., Kayhan, S., Nazlıoğlu, Ş. (2013) “Oil Prices and Exchange Rates in Brazil, India and Turkey: Time and Frequency Domain Causality Analysis”. Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi 1(1):49-73.

 

Kar, M., Nazlioglu, S., Agir, H. (2014) “Trade Openness, Financial Development, and Economic Growth in Turkey: Linear and Nonlinear Causality Analysis”. BDDK Bankacılık ve Finansal Piyasalar Dergisi 8(1):63-86.

 

 

Projects

“A New Panel Unit Root Test with Gradual Structural Shifts”, TÜBİTAK-SOBAG 1001/Project No: 215K086. (In progress)

 

“Are Commodity Price Shocks Temporary or Permanent? A New Perspective with Panel Unit Root Analysis”, TÜBA-GEBİP 2015. (In progress)

 

 

International Conference Papers

Erdem, E., Nazlioglu, S. (2008). “Gravity Model of Turkish Agricultural Exports to the European Union”. 18th International Conference of the International Trade and Finance Association, May 22-24, 2008, Lisbon-Portugal. International Trade and Finance Association Working Papers 2008, Working Paper 21.

http://services.bepress.com/itfa/18th/art21.

 

Nazlioglu, S., Kar, M, Agir, H. (2009). “Financial Development and Economic Growth in the Mena Countries”. 10th Mediterranean Social and Political Research Meeting of the Mediterranean Programme of the Robert Schuman Centre for Advanced Studies at the European University Institute, March 25 – 28, 2009, Montecatini Terme, Florence-Italy.

 

Erdem, E., Nazlioglu, S. (2009). “Likelihood-Based Panel Cointegration Approach to Exchange Rate Sensitivity of Bilateral Agricultural Trade Flows: Turkey versus her Major Trading Partners”. 19th International Conference of the International Trade and Finance Association, May 27-30, 2009, Beijing-China. International Trade and Finance Association Working Papers 2009, Working Paper 5. http://services. bepress.com/itfa/19th/art5.

 

Erdem, E., Tugcu, C.T., Nazlioglu, S. (2009). “The J-curve Effect and Turkey-Germany Trade Balance: An Industry Level Data Analysis”. International Davraz Congress on Social and Economic Issues Shaping the World’s Future: New Global Dialogue, September 24-27, 2009, Isparta-Turkey.

 

Erdem, E., Gozbasi, O., Ilgun, M.F., Nazlioglu, S. (2009). “Stock Market and Economic Growth Nexus in Emerging Markets: Cointegration and Causality Analysis”. The Fifth International Conference on Global Research in Business & Economics, December 28-30, 2009, Kuala Lumpur-Malaysia. Best Paper Awarded.

 

Kar, M., Guloglu, B., Nazlioglu. S., Agir, H. (2010). “Financial Development and Poverty Reduction in the MENA Countries: Panel Data Analysis”. Economics of the Mediterranean and the Euro-Mediterranean Process, July 16 – 17, 2010, Barcelona-Spain.

 

Erdem, E., Nazlioglu, S. (2010). “Exchange Rate Sensitivity of Bilateral Agricultural Trade Flows: Turkey versus her Major Trading Partners”. 20th International Conference of the International Trade and Finance Association, May 23-26, 2010, Las Vegas-USA. International Trade and Finance Association Working Papers 2011, Working Paper 10.

http://services.bepress.com/itfa/20th/art10/.

 

Nazlioglu, S., Kar, M, Agir, H. (2011). “Financial Development and Trade Openness: Linear and Nonlinear Causality Analysis”. 12th International Symposium on Econometrics Operations Research and Statistics, May 26 – 29, 2011, Denizli-Turkey.

 

Nazlioglu, S. (2011). “The Behavior of Commodity Prices: What Panel Unit Root Tests Say?”. 9th International Conference on Knowledge, Economy & Management, June 23 – 25, 2011, Sarajevo-Bosnia & Herzegovina.

 

Chu, H., Chang, T., Nazlioglu, S., Sagafi-Nejad, T. (2012) “Globalization and Economic Growth: Further Evidence Based on Bootstrap Panel Causality”.  2012 Western Hemisperic Trade Conference, April 11-12, 2012, Texas-USA.

 

Ispir, S., Nazlioglu, S., Guloglu, B., (2012). “Yapısal Kırılma ve Kesitler Arası Bağımlılık Varsayımları Altında Türkiye’de Satınalma Gücü Paritesinin Geçerliliği”. 13th International Symposium on Econometrics Operations Research and Statistics, May 24 – 26, 2012, Fagamusta-North Cyprus.

 

Erdem, C., Nazlioglu, S.(2012). “Factors Affecting the New Vehicle Registration in the EU Countries”. 3th International Symposium on Sustainable Development, May 31 – June 1, 2012, Sarajevo-Bosnia & Herzegovina.

 

Nazlioglu, S., Yildirim, S. (2012). “Causality between Oil Prices and Exchange Rate: New Evidence via Wavelet Transformation”. 3th International Conference on Economics (ICE-TEA), November 1 – 3, 2012, İzmir-Turkey.

 

Nazlioglu, S. (2013) “Trends in International Commodity Prices: Panel Unit Root Analysis”. 7th  International Finance Conference, March 7 – 9, 2013, Paris-France.

 

Adiguzel, U., Ozcan, C.C., Nazlioglu, S. (2013) “Purchasing Power Parity in Turkish Real Exchange Rates revisited: sequential panel selection method”. 7th International Finance Conference, March 7 – 9, 2013, Paris-France.

 

Nazlioglu, S., Soytas, U., Gupta, R., (2014) “Volatility Spillover between Energy and Financial Markets”. 2nd International Symposium on Energy and Finance Issues, March 28, 2014, Paris-France.

 

Adiguzel, U., Sahbaz, A., Ozcan, C.C., Nazlioglu, S. (2014) “The Nature of Shocks to Turkish exchange rates: what panel approach says?”. 2nd Economics  &  Finance  Conference, June 3 – 6, 2014, Vienna-Austria.

 

Nazlioglu, S., Karul, C. (2015) “The Flexible Fourier Form and Panel Stationary Test with Gradual Shifts”.  International Conference on New Trends in Econometrics and Finance Conference, March 23 – 28, 2015, Sharjah-Dubai.

 

Nazlioglu, S., Karul, C. (2015) “The Flexible Fourier Form and Panel Stationary Test with Gradual Shifts”.  2nd Annual Conference of International Association for Applied Econometrics, June 25 – 27, 2015, Thessaloniki-Greece.

 

Nazlioglu, S., Karul, C. (2015) “Panel Unit Root Test with Flexible Fourier Form”. 16th International Symposium on Econometrics, Operation Research and Statistics, May 7 – 12, 2015, Edirne-Turkey.

 

Nazlioglu, S., Caglar, A.E. (2015) “Small Sample Properties of Unit Root Tests with Structural Breaks”.  16th International Symposium on Econometrics, Operation Research and Statistics, May 7 – 12, 2015, Edirne-Turkey.

 

Nazlioglu, S., Yetkiner, H. (2015) “The h-ratio: theory and evidence”. IV. Anadolu International Conference on Economics, June 10 – 12, 2015, Eskişehir-Turkey.

 

Aslan, M., Nazlioglu, S., (2015) “Trends in international commodity prices: an old question with a new perspective”. 1st International Annual Meeting of Sosyoekonomi Society, October 29–30, 2015, Munich-Germany.

 

Oz, E., Nazlioglu, S., (2016) “Economic Crisis, Fiscal Policy and Macro Economics: An Empirical Analysis”. International Conference in Economics (EcWorld-2016), February 1 – 3, 2016, Barcelona-Spain.

 

Gormus, A., Nazlioglu, S., Soytas, U. (2016) “Oil prices and real estate investment trusts (REITs): gradual-shift causality and volatility transmission analysis”. 4th International Symposium on Energy and Finance Issues, March 24-25, 2016, Paris-France.

 

Nazlioglu, S., Karul, C. (2016) “A panel unit root test with gradual structural Shifts: revisiting the purchasing power parity hypothesis in Turkey”. 17th International Symposium on Econometrics, Operation Research and Statistics, June 2 – 4, 2016, Sivas-Turkey.

 

Nazlioglu, S., Karul, C., Koncak, A. (2016) “Smoothing breaks and stationarity test with fractional frequency: re-examining the PPP hypothesis in Turkish exchange rates”. International Work-Conference on Time Series Analysis (ITISE)-2016, June 27-29, 2016. Granada-Spain.

 

Kar, M., Nazlioglu, S., Agir, H., Sahbaz, A. (2016) “Financial development and economic growth in the emerging markets: further evidence from the gradual shift causality analysis”. International Work-Conference on Time Series Analysis (ITISE)-2016, June 27-29, 2016. Granada-Spain.

 

Nazlioglu, S., Kar, M. (2016) “Financial development and economic growth in emerging markets: insights from a panel data perspective”. International Symposium on Economics and Social Sciences (ISESS)-2016, July 12-14, 2016. Kyoto-Japan.

 

Nazlioglu, S., Karul, C., Koncak, A. (2016) “Testing the hysteresis hypothesis in OECD countries: New insights from stationarity test with smoothing shifts”. International Congress on European Union Relations, Economics, Finance and Econometrics (EUREFE-16), July 14-16, 2016. Aydın-Turkey.

 

Kar, M., Nazlioglu, S., Karakaya, V. (2016) “Does the size of shadow economy matter for financial development?”. International Congress on Political, Economic and Social Studies (ICPESS), August 24-26, 2016. Istanbul-Turkey.

 

Nazlioglu, S., Karul, C., Koncak, A. (2016) “A fractional stationarity test with gradual shifts and the hysteresis hypothesis in OECD countries”. International Conference on Changing World and Social Research, October 14-16, 2016, Barcelona-Spain.

 

Durusu-Ciftci, D., Nazlioglu, S., (2016) “Are incomes converging among Turkish provinces? a critical role of modelling structural shifts. 5th International Conference of the Turkish Economics Association (ICE-TEA 2016), October 20-22, 2016. Bodrum-Turkey.

 

Ozcan, C.C., Nazlioglu, S., Agir, H. (2016) “Does tourism affect the environment? Case of Turkey”. The International Conference on Environmental Science and Development, December 18-19, 2016, Warsaw-Poland.

 

Kar, M., Nazlioglu, S., Sahbaz, A. (2017) “Energy self-sufficiency, current account and economic growth”. International Congress of Energy Economy and Security (ENSCON)-2017, March 25-26, 2017, Istanbul-Turkey.

 

Nazlioglu, S., Karul, C., Kucukkaplan, I. (2017) “Dynamics of international commodity prices:  a new look at with new perspectives”. International Congress of Energy Economy and Security (ENSCON)-2017, March 25-26, 2017, Istanbul-Turkey.

 

National Conference Papers

Erdem, E., Nazlıoğlu, Ş. (2008). “Tarımsal Destekleme Politikalarının Gelir Dağılımı Üzerindeki Etkileri: Türk Tarım Sektörü Örneği”. Türkiye İstatistik Kurumu 16. İstatistik Araştırma Sempozyumu, Sosyo–Ekonomik Gelişme ve İstatistik, 10 – 11 Mayıs 2007, Ankara-Türkiye. (Bildiriler Kitabında Basıldı: Mart 2008, ss. 118–132).

 

Erdem, E., Çoban, S., Nazlıoğlu, Ş., Tuğcu, C.T. (2007) “Hacılar Kökenli Büyük Firmaların Büyüme Dinamikleri”. I. Hacılar Sempozyumu, 11 – 13 Mayıs 2007, Kayseri-Türkiye. (Bildiriler Kitabında Basıldı: Mart 2008, ss. 347–358).

 

Küçükkaplan, I., Gözbaşı, O., Nazlıoğlu, Ş. (2012) “Kaynak Yapısının Firma Değeri ile İlişkisinin İMKB’de 2000-2011 Yılları Arasında Panel Yumuşak Geçiş Regresyon Yöntemiyle Araştırılması”. 16. Finans Sempozyumu, 10 – 13 Ekim 2012, Erzurum-Türkiye. (Bildiriler Kitabında Basıldı: Ekim 2012, ss. 343–362).

 

Nazlioglu, S., Yetkiner, H. (2015) “The h-ratio: theory and evidence”. Global İşletme Araştırmaları Konferansı, 24-26 Mayıs, 2016, İstanbul-Türkiye.

 

 

Book/Book Chapters

Kar, M., Guloglu, B., Nazlioglu. S., Agir, H. (2012). “The Financial Sector and Poverty in the MENA Countries” in European and the Mediterranean Economy (Routledge Studies in the European Economy) (editor: Joan Costa-Font), Routledge: London. (pp. 193-211).