Triggering economic growth to ensure financial stability:case study of Northern Cyprus

This study questions the importance of public debt in stable growth between 1980 and 2018,specifically,the Ricardian equivalence hypothesis and Keynesian view are questioned.This study used data obtained from the Northern Cyprus State Planning Office.A restricted vector autoregressive model is used to test the causal relationships between this model and public debt,government expenditure,total capital,consumption,investment,employment,net exports,exchange rate,and gross domestic product growth rate.To ensure financial stability,the variables that trigger economic growth through increased interactions were evaluated.Accordingly,unlike other studies,the Wald test results reveal that public debt does not have a direct effect on the gross national product but indirectly affects total capital,consumption,investment,and public expenditure,all of which influence real gross domestic product(RGDP).It has been observed that employment affects RGDP,consumption,government spending,and investment.There is also bidirectional causality between consumption,government spending,and RGDP.The estimates of the Ricardian equivalent hypothesis are important.However,today’s changing economic policies,declining real incomes,and consumer behavior in the face of ever-increasing inflation require that the theory be redesigned.Therefore,contrary to theoretical predictions,consumers are concerned about maintaining their standard of living rather than directing tax deductions to savings.Contrary to the claims of Keynesian researchers,no causal relationship is observed between public debt and growth in this study.However,public debt directly affects total capital,consumption,government spending,and investment,which are important for sustainable economic policy.

New Perspective for the Philosophy of Religion: New Era Theory, Religion and Science

In this article,author expressed the meaning of“belief”,possible effective factors in human life,and how these factors can be effective on person and/or communities.With this respect,the meaning of religion,the possible interaction and relation between religion and science evaluated.42 past/present theories of religion and evaluation of the past/present works of the 87 philosophers of religion are explained.Author considered new synthesis(R-Synthesis),and also new era philosophy,new and re-constructed branches of philosophy,and some systems/constructions to express the new perspective for philosophy of religion.Author applied 27(+)possible definitive/certain result cases of the synthesis for R-Religion discipline specifically,and did the followings under new perspective:(i)eliminated some religious subjects,(ii)unified some religious subjects,(iii)modified some religious subjects,(iv)united some religious subjects in upper phase,(v)separated some religious subject,(vi)defined all religious subjects under one framework,(vii)integrated all religious subjects,(viii)defined new religious subjects,(ix)re-defined some religious subjects,(x)removed some religious subjects and put new religious subjects instead,(xi)added some religious subjects,(xii)kept/protected some religious subjects,(xiii)proposed progression for religious subjects,(xiv)changed the priority of some religious subjects,(xv)increased the importance of some religious subjects,(xvi)strengthened the ethics,(xvii)integrated philosophy branches under one framework,(xviii)others.Some of the purposes of this article are:(i)to define new synthesis method,(ii)to define good and/or correct new perspective and structure for philosophy of religion,science of religion,theories of religion,and related subjects,(iii)to extend the definition/limits of philosophy of religion with new perspective,(iv)others.As result of the synthesis,new perspective for philosophy of religion explained by considering the following concepts/sections:(a)theories of religion,(b)17 upper constructional philosophies and philosophy of religion,(c)eight complementary branches of philosophy of religion,(d)14 lower constructional philosophies and philosophy of religion,(e)science of religion,(f)new theory of religion and its relations with other disciplines.Author defined New Era Theory,New Era Religion,New Era Belief,Progressive Religion and their relations with other religions,beliefs,religious/non-religious movements,and the relation with other theories of religion.Also,power authorities and functional position levels in the New Era Belief,and Religion of God,Knowledge of God/gods,Nature of God/gods concepts are explained generally/specifically.

Philosophy of GodForm:Power Authorities, Functional Position Levels, Religion and Science

In this work,author expressed new R-Synthesis specifically.Good and/or correct perspective that must be behind the definitions and administration generally expressed.New perspective of the philosophy explained generally.Philosophy of GodForm is defined and expressed as connected/related with the following concepts:(a)basic principles,(b)17 upper constructional philosophies,(c)14 lower constructional philosophies,(d)eight basic philosophies.As special cases,Philosophy of Engineering and Technology,Philosophy of Wireless Administration and others defined as hybrid philosophies.17 specific components/units which can be considered to define the basic principles of the related formation,are proposed to be designed by GodForm and defined by the author.Philosophy of GodForm and its relation with Values and Positions specifically defined.New Era Theory and New Era Belief explained generally.Some specific religions/beliefs are defined as variants/forms of the Progressive Religion.Good and/or correct power authorities(R-Power Authority)are defined due to 29 categories.Functional position levels defined for the R-Power Authorities with a unique table.As result of the R-Synthesis,functional position levels of some philosophers,some scientists,and of Prophet Jesus,Prophet Mohamed,Prophets Mouses,Buddha,and of Confucius generally/specifically defined.Integration and past/present effects of some R-Power Authorities in 5 x 5 Ideal Political Construction specifically explained.New Era Belief,Concepts of GodX and Science relation explained with the following concepts:(1)Religion of GodForm,(2)Knowledge of GodX,(3)Nature of GodX.With this respect,some other characteristics of 7 GodX power authorities expressed with details as complementary information.Following concepts/systems defined to arrange and solve some/most/all religious problems,which are determined with R-Synthesis:(a)Religious Responsibilities and Positions,(b)Ideal Religious Administration,(c)Sustainable/Continuable Political Administration System,(d)Community Values Council/Authority for each world country,(e)Progressive Councils.15 general religious position categories defined to express their good and/or correct meanings/values/responsibilities in the religious system.21 general/specific cases/programs defined due to New Era Belief to solve possible past/present/future community values problems,to have continuous,judicious,and progressive administration about the 36 kinds of community values.Progressive Councils,which are related with the CUS-WW-HO,are defined.Progressive Religion Council and some of the related religious responsibilities expressed for the kind progressive religion studies due to the Philosophy of Progressive Religions.