CV

Research Interests

·         Development Economics, Panel Data Econometrics.

Work Experience

·         Associate Professor, Alanya Alaaddin Keykubat University, Department of Economics, 2021-current

·         Visiting Scholar, Valdosta Stata University, Department of Economics, , GA, USA, Fall 2022.

·         Associate Professor, Nevsehir Haci Bektas Veli University, Department of Economics, 2019-2021.

·         Visiting Lecturer, The State University of Applied Sciences, Department of Economics, Plock, Poland, 2017.

·         Visiting Scholar, Georgia College & State University, Department of Economics, GA, USA, Fall 2016.

·         Assistant Professor, Nevsehir Haci Bektas Veli University, Department of Economics, 2015-2019.

·         Research Assistant, Nevsehir Haci Bektas Veli University, Department of Economics, 2010-2014.

Education

·           Ph.D., Economics, Afyon Kocatepe University, Afyonkarahisar, Turkey, 2014.

·           M.A., Economics, Afyon Kocatepe University, Afyonkarahisar, Turkey, 2010.

·           B.A., Economics, Afyon Kocatepe University, Afyonkarahisar, Turkey, 2008.

Editorial Responsibilities

·           Ekonomi Politika ve Finans Araştırmaları Dergisi, Associate Editor, 2016-present.

·           International Journal of Financial Markets, Editorial Board Member, 2014-2017.

·           International Journal of Sustainable Energy and Environment, Editorial Board Member, 2014-2016.

·           Bulletin of Energy Economics, Editorial Board Member, 2013-2016.

Web of Science H-index

·           11 (as of August 2023)

Awards, Honors & Grants

·         Brown Scholar Award Winner, Valdosta State University, 2022.

·         Academic Recognition Award, Alanya Alaaddin Keykubat University, 2022.

·         Recognized Reviewer, Journal of Financial Stability (Elsevier), 2021.

·         Recognized Reviewer, Energy Research & Social Science (Elsevier), 2021.

·         Recognized Reviewer, Finance Research Letters (Elsevier), 2020, 2021.

·         Recognized Reviewer, The Quarterly Review of Economics & Finance (Elsevier), 2021.

·         Recognized Reviewer, International Review of Economics & Finance (Elsevier), 2020.

·         Recognized Reviewer, The North American Journal of Economics & Finance (Elsevier), 2020.

·         Most Cited Finance Research Letters Articles (Top 25), Finance Research Letters (Elsevier), 2020.

·         Most Downloaded Finance Research Letters Articles (Top 25), Finance Research Letters (Elsevier), 2020.

·         Recognized Reviewer, Economic Modelling (Elsevier), 2019.

·         Recognized Reviewer, Energy Economics (Elsevier), 2019.

·         Recognized Reviewer, Energy Reports (Elsevier), 2019.

·         Recognized Reviewer, Energy Reports (Elsevier), 2016.

·         Best Paper Award, Global Economy & Governance Conference, China, 2016.

·         International Postdoctoral Research Fellowship, Scientific and Technological Research Council of Turkey, 2015.

·         Most Cited Energy Economics Articles (Top 25), Energy Economics (Elsevier), 2013.

·         Most Downloaded Energy Economics Articles (Top 25), Energy Economics (Elsevier), 2013.

Publications 

JournalArticles:

   · Topcu, M. Denaux, Z. And Crews, C. (2023). “Good governance and the US tourism demand”, Annals of Tourism Research Empirical Insights, 4, 1000095.

   · Yagli, I. and Topcu, M. (2023). “Determinants of credit risk in Turkish banking sector: Does ownership matter?”, Sosyoekonomi, 31(55), 49-67.

   · Ozdemir, S. Topcu, M. and Emirmahmutoglu F. (2022). “Bilateral J-Curve between Turkey and the Eurozone”, Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty, 9(2), 1420-1432.

·  Topcu, M. Yagli, I. and Emirmahmutoglu F. (2021). “COVID-19 and stock market volatility: A time-varying perspective”, Economics Bulletin, 41(3), 1681-1689.

·  Payne J. E., Topcu, M., Hajille, M. and Niroomand, F. (2021). “Economic Policy Uncertainty Shocks and U.S. Overseas Travel”, The International Trade Journal, 35(1), 115-122.

·  Emirmahmutoglu, F, Denaux Z. and Topcu M. (2021). “Time-varying causality between renewable and non-renewable energy consumption and real output: Sectoral evidence from the United States”, Renewable and Sustainable Energy Reviews, 149, 111326.

·  Topcu, M. and Gulal, O. S. (2020). “The Impact of COVID-19 on Emerging Stock Markets”, Finance Research Letters, 36, 101691.

·  Topcu, M. and Tugcu, C. T. (2020). “The Impact of Renewable Energy Consumption on Income Inequality: Evidence from Developed Countries”, Renewable Energy, 151, 1134-1140.

·  Topcu, M. and Payne J. E. (2018). “Further Evidence on the Trade-Energy Consumption Nexus in OECD Countries”, Energy Policy, 117, 160-165.

·  Tugcu, C. T. and Topcu, M. (2018). “Total, Renewable and Non-renewable Energy Consumption and Economic Growth: Revisiting the Issue with and Asymmetric Point of View”, Energy, 152, 64- 74.

·  Tugcu, C. T. and Topcu, M. (2018). “The Impact of Carbon Dioxide (CO2) Emissions on Tourism: Does the Source of Emission Matter?”, Theoretical and Applied Economics, 25(1), 125- 136.

·  Topcu, M. and Coban S. (2017). “Financial Development and Firm Growth in the Turkish Manufacturing Industry: Evidence from Heterogeneous Panel Based Non-Causality Test”, Economic Research, 30(1), 1758-1769.

·  Topcu, M. and Payne J. E. (2017). “The Financial Development-Energy Consumption Nexus Revisited”, Energy Sources, Part B: Economics, Planning, and Policy, 12(9), 822-830.

·  Topcu, M. and Aras I. (2017). “Military Expenditures and Economic Growth in Central & Eastern EU Countries: Evidence from Post-Cold War Era”, European Review, 25(3), 453-462.

·  Topcu, M. and Altay, B. (2017). “New Insight into the Finance-Energy Nexus: Disaggregated Evidence from Turkish Sectors”, International Journal of Financial Studies, 5(1), 1-16.

·  Apergis, N., Payne J. E. and Topcu, M. (2017). “Some Empirics on the Convergence of Carbon Dioxide Emissions Intensity across U.S. States”, Energy Sources, Part B: Economics, Planning, and Policy, 12(9), 831-837.

·  Topcu, M. and Girgin, S. (2016). “The Impact of Urbanization on Energy Demand in the Middle East”, Journal of International and Global Economic Studies, 9(1), 21-28.

·  Topcu, M. and Aras I. (2015). “Defence Spending and Economic Growth: Extended Empirical Analysis for the European Union”, Defence and Peace Economics, 26(2), 233-246.

·  Altay, B. and Topcu M. (2015). “Relationship between Financial Development and Energy Consumption: The Case of Turkey”, Bulletin of Energy Economics, 3(1), 18-24.

·  Aslan, A., Apergis, N. and Topcu, M. (2014). “Banking Development and Energy Consumption: Evidence from a Panel of Middle Eastern Countries”, Energy, 72, 427-433.

·  Coban, S. and Topcu, M. (2013). “The Nexus Between Financial Development and Energy Consumption in the EU: A Dynamic Panel Data Analysis”, Energy Economics, 39, 81-88.

·  Topcu, M., Aras I. and Erdoğan E. (2013). “A New Look at Military Expenditures-Growth Nexus in the EU: Old Members vs. New Members”, International Journal of Economic Sciences, 2(3), 143-151.

·  Unlu, U. and Topcu, M. (2013). “Oil Price, Exchange Rate and Stock Market in Asean-5 Countries”, The Empirical Economics Letters, 12(5), 551-557.

·  Aydogus, I. and Topcu, M. (2013). “An Investigation of Co-integration and Causality between Trade Openness and Government Size in Turkey”, International Journal of Economics and Financial Issues, 3(2), 319-323.

·  Topcu, M. and Unlu, U. (2013). “Do Investors Consider Composite Leading Indicators?: Time Series Evidence from Emerging Countries”, Theoretical and Applied Economics, 9(586), 51- 62.

·  Topcu, M. and Aras I. (2013). “Economic Impacts of Military Expenditures: A Comparative Analysis on Superpowers of the World”, Actual Problems of Economics, 145(4), 495-506.

·  Altay, B., Topcu M. and Erdoğan E. (2013). “Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model”, International Journal of Energy Economics and Policy, 3 (Special Issue), 7-13.

·  Unlu, U. and Topcu, M. (2012). “Do Oil Prices Directly Affect Stock Markets?: Evidence from Istanbul Stock Exchange”, İktisat, İşletme ve Finans, 27(319), 75-88.

·  Topcu M. and Kuloglu A. (2012). “Total Spending Equation of St. Louis Model: A Causality Analysis for Turkish Economy”, Chinese Business Review, 11(4), 368-376.

· Topcu M. ,Kuloglu A. and Lobont O. R. (2012). Relative Efficiency of Monetary and Fiscal Policies: The Case of Romania. Annals-Economy Series, 1, 47-51.

Book Chapters:

·  Topcu M. Tugcu C. T. and Ocal O. (2020). “How does environmental degradation react to stock market development in the developing countries?”, in the Econometrics of Green Energy Handbook – Economic and Technological Development (Ed: Muhammad Shahbaz and Daniel Balsalobre-Lorente) Springer (in press).

·  Altay, B and Topcu M. (2017). “Re-examining the Impact of Financial System on Economic Growth: New Evidence from Heterogeneous Regional Panels”, in the Handbook of Research on Global Enterprise Operations and Opportunuties, (Ed: Mehdi Khosrow-Pour) IGI Global, USA, 2017, 1- 16.

·  Topcu M., Yazıcı, M. and Kartal, G. (2016). “An Investigation of Causality between Urbanization and Carbon Emissions in Turkey”, in the Economic Development in the Context of Social andPolitical Interactions, (Ed: H. A. Aydın, B. Christansen and E. Akgün) IJOPEC Publication, London, 2016, 81-87.

Conference Presentations:

·  Topcu, M. (2022). “An Analysis of Tourism-led Growth Hypothesis in Turkey”, 1st International Scientific Conference “Academics and Science Reviews Materials”, November 10, 2022, Helsinki, Finland.

·  Gulsen, M. A. and Topcu, M. (2022). “Fiscal Policies and COVID-19: Evidence from Central and Eastern European Countries”, The 17th International Scientific Conference on Contemporary Problems of Economics, Management, Finance, Insurance and Banking, June 10, 2022, Plock, Poland.

·  Topcu, M. (2022). “Lockdown Policies and Fiscal Policy Stimulus Packages: Cross Country Evidence from COVID-19 Era”, 6th International Scientific Conference on Economics and Management, March 24, 2022, Ljubljana, Slovenia.

·  Topcu, M. (2021). “COVID-19 Era Question: The Wealthier The Healthier?”, International Management Conference on Re-Inventing the Future of Work and Business: Challenges, Opportunities and the Path Ahead, February 27-28, 2021, Odisha, India.

·  Payne J. E., Topcu, M., Hajille, M. and Niroomand, F. (2020). “Economic Policy Uncertainty Shocks and U.S. Overseas Travel”, 24th Annual Western Hemispheric Trade Conference, April 15-17, 2020, Laredo, Texas, USA.

·  Topcu M. and Ölmez, U. (2019). “The Impact of Trade on Renewable Energy Consumption: An Empirical Investigation for Different Income Levels”, 2nd International Conference on Technology and Science: Energy-Environment-Economics, November 14-16, 2019, Burdur, Turkey.

·  Topcu M. and Tuğcu, C. T. (2018). “The Impact of Renewable Energy Consumption on Income Inequality: Evidence from Developed Countries”, International Conference on Sustainable Energy and Environment Sensing, 18-19 June 2018, Cambridge/United Kingdom.

·  Secme G. and Topcu M. (2017). “A Comparative Study on Tourism Demand with Artificial Neural Networks: The Case of Turkey”, International Scientific Conference on Recent Advances in IT, Tourism, Economics, Management and Agticulture, October 26, 2017, Budapest, Hungary.

·  Topcu M., Lobont R. O., Vatavu, S. and Kuloglu A. (2016). “Defence Spending and Economic Growth: A Panel Evidence from G-20 Countries”, Global Economy & Governance: Perspectives, Challenges and Risks of the World, October 13-16, 2016, Quingdao, China.

·  Tuğcu, C. T. and Topcu M. (2016). “The Impact of Carbon Dioxide Emissions on Tourism Receipts: Evidence from Top Ten Country Destinations”, Multidisciplinary Academic Conference on Economics, Management and Marketing, August 5-6, 2016, Prague,Czech Republic.

·  Topcu M., Yazıcı, M. and Kartal, G. (2016). “An Investigation of Causality between Urbanization and Carbon Emissions in Turkey”, 7th International Conference of Political Economy: State, Economic Policy, Taxation and Development (ICOPEC 2016), June 28-30, 2016, İstanbul, Turkey.

·  Topcu M., Aras İ. and Erdoğan E. (2013). “A New Look at Military Expenditures-Growth Nexus in the EU: Old Members vs. New Members”, Conference in Macroeconomics and Finance: Monetary and Financial Stability in Europe, September, 1-4, 2013, Prague, Czech Republic.

·  Altay, B., Topcu M. and Erdoğan E. (2013). “Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model”, Cappadoccia Series: International Conference on Energy Economics and Policy, May 16-18, 2013, Nevşehir, Turkey.

·  Lobont R. O., Topcu M. and Kuloglu A. (2012). “The Importance of Explicit Inclusion of Quality of Governance in the Design of Economic Performances”, Beyond the Short Run: Productivity Growth, Market Imperfections and Macroeconomic Disequilibrium, May 11-12, 2012, Rome, Italy.

·  Topcu M., Kuloglu A., Erdogan E. and Lobont R. O. (2012). “Inequality, Unemployment and Crime: Panel Data Evidence from European Union”, International Conference on Economic Thought and Performance, April 27-28, 2012, Timisoara, Romania.

·  Kuloglu A., Lobont R. O. and Topcu M. (2012). “A Question of Causality Between Political Corruption, Economic Freedom and Economic Growth in Europe”, International Conference on Crisis Aftermath: Economic Policy Changes in the EU and its Members, March 8-9, 2012, Szeged, Hungary.

·  Lobont R. O., Topcu M. and Kuloglu A. (2011). “Factual Objectivity and Operationality in Addressing ‘Good Governance’ Incidence on the Results of Economic Activities”, InternationalConference on Public Finances and the Eurozone Economies: Past, Present and Future Perspectives, December 9-10, 2011, Porto, Portugal.

·  Topcu M., Kuloglu A. and Lobont R. O. (2011). “Relative Efficiency of Monetary and Fiscal Policies: The Case of Romania”, International Conference of Ecotrend 2011: Exit from Crisis and Revival of Sustainable Growth, November 25-26, 2011, Targu Jiu, Romania.

·  Topcu M. and Kuloglu A. (2011). “Total Spending Equation of St. Louis Model: A Causality Analysis for Turkish Economy”, 7th International Conference on Business Management and Economics (ICBME’11), October 6-8, 2011, İzmir, Turkey.

Journal Articles in Turkish:

·  Tekkeli, R. ve Topcu, M. (2022). “Türkiye’de İşgücü Piyasasındaki Cinsiyet Yanlı Dışlama Etkisinin Analizi”, Uluslararası İşletme Ekonomi ve Yönetim Perspektifleri Dergisi, 6(2), 484-501.

·  Topcu, M. ve Oztekin, B. S. (2021). “Finansal Gelişme ile Firma Performansı Arasındaki İlişki: Borsa İstanbul’da Sektörel Bir Uygulama”, Maliye ve Finans Yazıları, 116, 37-56.

·  Topcu, M. ve Karlıdağ, K. (2020). “Büyümenin Savunma Esnekliğinin Tahmin Edilmesi: Bölgelerarası Bir Analiz?”, İşletme ve İktisat Çalışmaları Dergisi”, 8, 2, 146-160.

·  Topcu, M. ve Biçimveren, L. (2020). “Türkiye’de Bölgesel Genç İşsizlik: Belirleyiciler Cinsiyete Göre Değişken mi?”, İktisat Politikası Araştırmaları Dergisi”, 7, 2, 51-68.

·  Topcu, M. ve Özdemir, S. (2019). “Türkiye ve Avro Bölgesi Arasındaki İkili Ticaretin Analizi: Marshall-Lerner Koşulu Geçerli mi?”, İzmir İktisat Dergisi”, 34, 4, 481-489.

·  Topcu, M. (2018). “İşgücünün Dışındaki Kalabalık: Ev İşleriyle Uğraşanların Belirleyicileri Üzerine Bir Analiz”, Uluslararası Yönetim, İktisat ve İşletme Dergisi”, 14, 3, 867-881.

·  Topcu, M. (2018). “Hisse Senedi Piyasası Gelişimi ve Ekonomik Büyüme: Gelişmekte Olan Piyasalara Yeni Bir Bakış”, Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi”, 40, 1, 101-116.

·  Topcu, M. ve Tel, İ. (2018). “Enerji-GSYH İlişkisine Yeni Bir Bakış: Türkiye ve G7 Ülkelerinde Gelir ve Sürdürülebilir Refah Yaklaşımlarının Karşılaştırılması”, Ekonomi, Politika ve Finans Araştırmaları Dergisi”, 3, 3, 208-225.

·  Erdoğan, E., Topcu, M. ve Bahar O. (2013). “Vergi Gelirleri ve Ekonomik Büyüme: Türkiye Ekonomisi Üzerine Eşbütünleşme ve Nedensellik Analizi”, Finans Politik & Ekonomik Yorumlar”, 576, 99-109.

·  Altay B., Tuğcu C. T. ve Topcu M. (2011). “İşsizlik ve Enflasyon Oranları Arasındaki Nedensellik İlişkisi: G8 Ülkeleri Örneği”, Afyon Kocatepe Üniversitesi İİBF Dergisi, 13, 2, 1- 27.

Book Chapters by Turkish Publications:

·  Topcu M. ve Ölmez, U. (2019). “The Impact of Trade on Renewable Energy Consumption: An Empirical Investigation for Different Income Levels”, Enerji, Çevre ve İktisat Araştırmaları içinde, (Ed: Mehmet Karagül, Afşin Güngör, Ümit Koç, Ali Özhan Akyüz ve Azim Doğuş Tuncer) Siyasal Kitabevi, Ankara, 2019, 1-12.

·  Topcu M. (2013). “Avrupa Birliği'nde Mali Birimler: Avrupa Yatırım Bankası ve Avrupa Yatırım Fonu”, Avrupa Birliği'nde Karar Alma Mekanizması, Yardımcı Organlar ve Ajanslar içinde, (Ed: E. Tezcan ve İ. Aras) On İki Levha Yayıncılık, İstanbul, 2013, 333-372.

Conference Presentations in Turkish:

·  Topcu M. and Biçimveren, L. (2019). “Türkiye’de Bölgesel Genç İşsizlik: Belirleyiciler Cinsiyete Göre Değişen mi?”, 9. Uluslararası Balkanlarda Sosyal Bilimler Kongresi, October, 26- 27, 2019, Kuşadası, Turkey.

·  Topcu M. and Özdemir, S. (2018). “G7 Ülkelerinde Tahvil Piyasası Gelişimi ve Ekonomik Büyüme”, International Economic Research and Financial Market Congress, April 12-14, 2018, Nevsehir, Turkey.

·  Topcu M. (2018). “Türkiye’de İşsizlik-Göç Nedenselliği Üzerine Bir Değerlendirme”, International Congress of Management, Economy and Policy, April 28-29, 2018, İstanbul, Turkey.

·  Topcu M. and Özdemir, S. (2018). “Finansal Gelişmenin Ekonomik Büyüme Üzerindeki Rolü: Finansal Gelişmenin Kaynağı Önemli mi?”, International Economic Research and Financial Market Congress, April 12-14, 2018, Nevsehir, Turkey.

·  Topcu M. and Büyükılgaz U. (2017). “Türkiye'de İl Bazında Turizm Talebi Belirleyicilerinin Milliyetlere Göre Değişkenlik Analizi”, EconAnadolu, May 11-13, 2017, Eskişehir, Turkey.

·  Topcu M. and Büyükılgaz U. (2011). “Yarım Asırlık Tartışma: Neoliberal Küreselleşme Sürecinin Etkileri”, Uluslararası Sosyal Bilimler Lisansüstü Öğrenci Sempozyumu, April 28-30, 2011, Ordu, Turkey.