Mehmet Balcilar - Economic Research Forum (ERF)

Mehmet Balcilar

Research Fellows

Professor, Eastern Mediterranean University, Famagusta, Turkish Republic of Northern Cyprus

Areas of Interest:

  • Nonlinear Time Series Analysis
  • Nonstationary Time Series Analysis
  • Long-memory Time Series Models
  • Structural Change and Time Varying Coefficient Models
  • Financial Econometrics
  • Computational Econometrics


  • Ph.D., Economics (Econometrics),Wayne State University, Detroit, Michigan, US, 1996
  • MA, Economics, Cleveland State University, Cleveland, Ohio, US.
  • MA, Economics, Cukurova University, Adana, Turkey, 1990 BA, Tourism Management, Dokuz Eylul University, Izmir, Turkey, 1986


  • Professor, Department of Economics, Eastern Mediterranean University, Famagusta, Northern Cyprus, 2011-present
  • Associate Professor, Department of Economics, Eastern Mediterranean University, Famagusta, Northern Cyprus, 2007-2011
  • Associate Professor, Department of Econometrics, Cukurova University, Adana, Turkey, 2005-2007

Latest Publications:

  • Balcilar, M., Gupta, R., Lee, C.-C., Olasehinde-Williams, G. The synergistic effect of insurance and banking sector activities on economic growth in Africa (2018) Economic Systems, 42 (4), pp. 637-648. (DOI: 10.1016/j.ecosys.2018.08.002)
  • Balcilar, M., Gupta, R., Nguyen, D.K., Wohar, M.E. Causal effects of the United States and Japan on Pacific-Rim stock markets: nonparametric quantile causality approach (2018) Applied Economics, 50 (53), pp. 5712-5727. (DOI: 10.1080/00036846.2018.1488062)
  • Aye, G.C., Balcilar, M., Demirer, R., Gupta, R. Firm-level political risk and asymmetric volatility (2018) Journal of Economic Asymmetries, 18, art. no. e00110. (DOI: 10.1016/j.jeca.2018.e00110)
  • Balcilar, M., Ozdemir, Z.A., Ozdemir, H., Shahbaz, M. The renewable energy consumption and growth in the G-7 countries: Evidence from historical decomposition method (2018) Renewable Energy, 126, pp. 594-604. (DOI: 10.1016/j.renene.2018.03.066)
  • Ozcebe, H., Erguder, T., Balcilar, M., Ursu, P., Reeves, A., Stuckler, D., Snell, A., Galea, G., Mikkelsen, B., Mauer-Stender, K. The perspectives of politicians on tobacco control in Turkey (2018) European Journal of Public Health, 28, pp. 17-21. (DOI: 10.1093/eurpub/cky152)
  • Balcilar, M., Chang, S., Gupta, R., Miller, S.M. The relationship between the inflation rate and inequality across U.S. states: a semiparametric approach (2018) Quality and Quantity, 52 (5), pp. 2413-2425. (DOI: 10.1007/s11135-017-0676-3)
  • Andre, C., Balcilar, M., Chang, T., Gil-Alana, L.A., Gupta, R. Current account sustainability in G7 and BRICS: Evidence from a long-memory model with structural breaks (2018) Journal of International Trade and Economic Development, 27 (6), pp. 638-654. (DOI: 10.1080/09638199.2017.1410853)
  • Balcilar, M., Hammoudeh, S., Toparli, E.A. On the risk spillover across the oil market, stock market, and the oil related CDS sectors: A volatility impulse response approach (2018) Energy Economics, 74, pp. 813-827. (DOI: 10.1016/j.eneco.2018.07.027)
  • Balcilar, M., Gupta, R., van Eyden, R., Thompson, K., Majumdar, A. Comparing the forecasting ability of financial conditions indices: The case of South Africa (2018) Quarterly Review of Economics and Finance, 69, pp. 245-259. (DOI: 10.1016/j.qref.2018.03.012)
  • Nasr, A.B., Balcilar, M., Akadiri, S.S., Gupta, R. Kuznets Curve for the US: A Reconsideration Using Cosummability (2018) Social Indicators Research, pp. 1-17. Article in Press. (DOI: 10.1007/s11205-018-1940-1)
  • Balcilar, M., Bonato, M., Demirer, R., Gupta, R. Geopolitical risks and stock market dynamics of the BRICS (2018) Economic Systems, 42 (2), pp. 295-306. (DOI: 10.1016/j.ecosys.2017.05.008)
Working Papers

Do Global Shocks Drive Investor Herds in Oil-Rich Frontier Markets?

This paper examines the dynamic relationship between global factors and herding behavior in the oil-rich ... read more


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