Hasan Murat Ertuğrul

Hasan Murat Ertuğrul

Professor, Department of Economics, Anadolu University

Dr. Hasan Murat Ertuğrul is a Professor at the Department of Economics Anadolu University. He previously worked as Economic Counsellor at the Turkish Embassy in Rome and as a senior assistant at the Turkish Ministry of Treasury and Finance. He was a visiting researcher at the European University Institute. His current research focuses on applied macroeconomic modelling, forecasting, financial modelling and energy economics. Dr Ertuğrul's work has been published in journals such as Applied Energy, Finance Research Letters, Applied Economics Letters, Food and Energy Security, Computational Economics, Energy & Environment, International Journal of Finance & Economics, Housing Studies, European Journal of Health Economics, Defence and Peace Economics, Renewable and Sustainable Energy Reviews. He also serves as a referee for SSCI-indexed journals and is a member of the editorial board of economics at PLOS One and chief Editor at Anadolu University FEAS Journal.

Areas of Interest:
  • Applied macroeconomic modeling
  • Forecasting Financial modeling
  • Energy economics

Education:

  • Doctor of Philosophy in Economics, Institute for Social Sciences, Hacettepe University, Ankara, Turkey, 2012
  • Master of Science in Economics, Institute for Social Sciences, Balikesir University, Department of Economics, Balıkesir, Turkey, 2006
  • Bachelor of Science in Economics, Marmara University, Faculty of Economics and Administrative Sciences, Department of Economics, Istanbul, Turkey, 2003

Experience:

  • Professor at the Department of Economics Anadolu University, 2022 - Present
  • Economic Counselor, The Republic of Turkey, Embassy of Rome, Rome, Italy. 2018 - 2022
  • Treasury Expert, Department of Mining and Energy, General Directorate of State-Owned Enterprises (GDSOE), Prime Ministry, Under-secretariat of Treasury, Ankara, Turkey, 2016-2018
  • Treasury Expert, Department of Mining and Energy, General Directorate of State Support (GDSS), Prime Ministry, Under-secretariat of Treasury, Ankara, Turkey, 2013-2016

Latest Publications:

  • “The Dynamic Effect of Participation Index on the Stable Firm Dynamics: Evidence from Non-Financial Firms from Türkiye” with Omer Tuğsal Doruk and Ömer Faruk Tekdoğan. International Journal of Islamic and Middle Eastern Finance and Management, (SSCI), October, 2025.
  • “Shariah-compliant Firms and Firm Leverage: Evidence from Firm-level Time Varying Quasi Experimental Analysis for MENA countries ” with Talat Ulussever, Omer Tuğsal Doruk and Ömer Faruk Tekdoğan. Humanities and Social Sciences Communication, (SSCI), September, 2025, 12(1).
  • “Idiosyncratic risk and international trade: New evidence” with Volkan Sezgin, Ömer Tuğsal Doruk, and Ahmet Yasin Barak. Finance Research Letters, (SSCI), May 2025, 78, 107173.
The Impact of the Informal Sector on Firm Performance: New Evidence for MENA Firms

Areas of Interest: Applied macroeconomic modeling Forecasting Financial modeling Energy economics Education: Doctor of Philosophy in Economics, Institute... Read More

December, 2025

Working Papers
The Impact of the Informal Sector on Firm Performance: New Evidence for MENA Firms

Areas of Interest: Applied macroeconomic modeling Forecasting Financial modeling Energy economics Education: Doctor of Philosophy in Economics, Institute... Read More

March, 2025

Conference Paper
The Nexus between Construction Investment and Economic Development: Evidence from MENA Countries

Areas of Interest: Applied macroeconomic modeling Forecasting Financial modeling Energy economics Education: Doctor of Philosophy in Economics, Institute... Read More

August, 2021

Working Papers
Nonlinear Excess Demand Model for Electricity Price Prediction

Areas of Interest: Applied macroeconomic modeling Forecasting Financial modeling Energy economics Education: Doctor of Philosophy in Economics, Institute... Read More

December, 2020

Working Papers
Annual Conferences
ERF 31st Annual Conference: Parallel Sessions

Areas of Interest: Applied macroeconomic modeling Forecasting Financial modeling Energy economics Education: Doctor of Philosophy in Economics, Institute... Read More

Apr 27, 2025

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