Up until the 1980s, studies on corruption were dominated by disciplines of public administration and sociology. In the following years, however, economists have also provided a good amount of research on this issue. According to Transparency International Agency, corruption, which has a negative impact on most macroeconomic indicators, is "the abuse of entrusted power for private gain". Even though the disruption of corruption causing weak growth and investment rates has long been examined, there is little evidence regarding its impact on inflation. In this study, the nexus between corruption and inflation was investigated for 20 countries over the period 1995-2015. Estimation results indicated that high corruption increased inflation rates, and that there was a unidirectional causal relationship from corruption to inflation for ten countries in the sample.

This study aims to analyze inter-relationship between firm profitability, growth and size by using quarterly data of Turkish manufacturing industry consisting of Borsa Istanbul (BIST) listed manufacturing firms covering 1991.Q2-2014.Q4. In the study, to test the stationarity of series and the co-integration relationship between them, unit root test of Carrioni-iSilvestre et. al. (2009) and co-integration test of Maki (2012) (2012) test results show that the series are co-integrated in the long-run. Long-run parameters estimated by DOLS method posit a significantly negative relationship between profitability and size. Causality test results indicate the existence of one-way causality from size to profitability.

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The goal of this paper is to examine the relationship between inflation and inflation uncertainty for Turkey through monthly data spanning the period 2004:01-2019:12. To this 1 See Kara ( 2006) for the details of the implicit inflation targeting strategy in Turkey.