The Role of Monetary Policy in Renewable Energy Stock Returns: Evidence From Renewable Energy Producers in Türkiye
International Journal of Energy Research
Vice Rector for Financial Affairs & Professor of Economics
Salih Katircioglu
Eastern Mediterranean University · Famagusta, North Cyprus
Economist specializing in tourism-led growth, energy consumption, and the macroeconomic dynamics of small island economies.
10,380
Citations
46
H-Index
26
Publications
Google Scholar verified
Research Focus
Areas of Expertise
Tourism EconomicsEnergy ConsumptionEconomic GrowthCointegration AnalysisTRNC EconomySmall Island StatesInformal EconomyHigher Education EconomicsFinancial DevelopmentEnvironmental Kuznets CurveExchange Rate Dynamics
Biography
About
Professor Salih Katircioglu is a leading economist and Vice Rector for Financial Affairs at Eastern Mediterranean University, with three decades of research experience. His scholarship has been cited over 10,000 times, placing him among the most influential economists working on small open economies today.
His research applies rigorous econometric methods — cointegration, causality, and panel analysis — to questions of tourism-led growth, energy economics, and the macroeconomic dynamics of island states, with particular attention to the Turkish Republic of Northern Cyprus. "Sound economic policy for small economies begins with understanding the causal engines of growth — not assuming them."
Beyond the page, his expertise has shaped policy: he contributed to the TRNC Ports Masterplan and the national Tourism Masterplan, and was awarded EMU's Publication Citation Award for four consecutive years (2018–2021). He is a member of the International Network of Financial and Economics, and continues to mentor the next generation of researchers across the Eastern Mediterranean.
Academic Positions
2005 – Present
Professor of Economics
Eastern Mediterranean University
2001 – 2002
Assistant Professor
Çağ University
Education
2000
PhD, Economics
Uludağ University
1996
MSc, Economics
Eastern Mediterranean University
1994
BBA, Business Administration
Eastern Mediterranean University
Scholarly Work
View full list on Google Scholar →
Selected Publications
US AI media attention and state-dependent spillovers across AI markets
The Service Industries Journal
The role of tourism in environmental pollution: evidence from Malta
The Service Industries Journal
The effects of business and finance conditions on the tourism stock markets: An empirical investigation from Turkey
International Journal of Finance & Economics
Links between growth, trade and financial openness in South Africa: An empirical investigation
International Journal of Finance & Economics
Dynamic effects of shadow economy and environmental pollution on the energy stock prices: empirical evidence from OECD countries
Environmental Science and Pollution Research
Does higher education system moderate energy consumption and climate change nexus? Evidence from a small island
Air Quality, Atmosphere & Health
The role of shadow economies in ecological footprint quality: empirical evidence from Turkey
Environmental Science and Pollution Research
Estimating the effects of tourism growth on emission pollutants: empirical evidence from a small island, Cyprus
Air Quality, Atmosphere & Health
The vulnerability of tourism firms’ stocks to the terrorist incidents
Current Issues in Tourism
Volatility of the alternative energy input prices and spillover effects: a VAR [MA]-MGARCH in BEKK approach for the Turkish economy
Environmental Science and Pollution Research
Estimating the role of climate changes on international tourist flows: evidence from Mediterranean Island States
Environmental Science and Pollution Research
The role of tourism growth in generating additional energy consumption: empirical evidence from major tourist destinations
Environmental and Ecological Statistics
Testing the moderating role of financial development in an environmental Kuznets curve
Cited by 210 S. Katircioglu, N. Taspinar
Renewable and Sustainable Energy Reviews
Estimating tourism demand and its concentration for small island economies
Cited by 47 S. Katircioglu
Intl. Conference on Tourism Economics
Interactions between energy consumption and imports: empirical evidence from Singapore
Cited by 150 S. Katircioglu
Energy Policy
Testing the tourism-led growth hypothesis for Turkey
Cited by 318 S. Katircioglu
Tourism Management
International tourism, energy consumption, and environmental pollution: a panel causality analysis
Cited by 412 S. Katircioglu, et al.
Energy Policy
Co-integration and causality between GDP, agriculture, industry and services growth in North Cyprus
Cited by 94 S. Katircioglu
Ekonomia — Economic Studies
10,380
Total Citations
46
H-Index
95
i10-Index
26
Publications
Citations per Year
In the Classroom
Teaching
ECON 601
Advanced Econometrics
Graduate · Fall
Time-series methods, cointegration, and causality testing for applied macroeconomic research.
Currently Teaching
ECON 402
Economics of Tourism
Undergraduate · Spring
Demand modeling, tourism-led growth, and policy design for destination economies.
Currently Teaching
ECON 515
Energy & Environmental Economics
Graduate · Spring
Energy-growth nexus, the environmental Kuznets curve, and sustainability policy.
BANK 310
Financial Development & Growth
Undergraduate · Fall
The role of financial markets in economic development, with island-economy case studies.
ECON 700
Doctoral Research Seminar
PhD · Year-round
Supervised research design and publication strategy for doctoral candidates.
Currently Teaching
ECON 205
Macroeconomic Theory
Undergraduate · Fall
Core macroeconomic models, policy analysis, and open-economy dynamics.
Recognition
Awards & Honors
— 2021
Highly Cited Researcher
Web of Science / Clarivate
Recognized among the most-cited economists in tourism and energy research.
— 2021
EMU Publication Citation Award
Eastern Mediterranean University
Awarded for four consecutive years (2018–2021) in recognition of scholarly citation impact.
— 2018
Best Paper Award
International Conference on Applied Economics
For contributions to the tourism–growth nexus literature.
— 2015
Distinguished Research Award
Eastern Mediterranean University
Awarded for sustained scholarly impact and publication record.
— 2010
Policy Contribution Recognition
TRNC Ministry of Economy & Tourism
For work on the national Ports and Tourism Masterplans.
Get in Touch
For research collaboration, doctoral supervision, media enquiries, or speaking invitations.
Email
salihk@emu.edu.tr
Office
Department of Banking and Finance, Eastern Mediterranean University, Famagusta, North Cyprus
Academic Profiles