Ugur Soytas, PhD, MBA Middle East Technical University

Department of Business Administration Cankaya, Ankara, 06800 Turkey

e-mail: soytas@metu.edu.tr Phone: +90-533-375-9429

EDUCATION Ph.D. Economics Texas Tech University May 2001 M.B.A. Business Texas Tech University Dec. 1996 B.S. Business Middle East Technical University June 1994

ACADEMIC POSITIONS

Professor, Department of Business Administration Middle East Technical University 2012- present Visiting Research Scholar, Department of Finance and Real Estate

University of Texas at Arlington Sept. 2016-Jul. 2017

Associate Professor, Department of Business Administration Middle East Technical University 2008-2012

Assistant Professor, Department of Business Administration Middle East Technical University 2001-2008

Visiting Assistant Professor, Department of Economics

Texas Tech University Jan.-May. 2001

Graduate Instructor, Department of Economics Texas Tech University 1996-2001

PROFESSIONAL SERVICE

Editorial

Co-editor of Energy Economics (current) Editor of Routledge Handbook of Energy Economics (current) Member of the Associate Editorial Board of Energy Economics Member of the Board of Editors of Journal of Energy, Markets, and Regulation Member of the Board of Editors of Modern Economy

Refereeing Agricultural Economics, Annals of Operations Research, Applied Economics, Applied Economics Letters, Applied Energy, Applied Financial Economics, Climatic Change, Ecological Economics, Economics Bulletin, Economic Modeling, Energy, Emerging Markets Finance and Trade, Energy and Diplomacy, Energy Journal, Energy Economics, Energy Policy, Energy Research and Social Science, Environment and Development Economics, Environmental and Resource Economics, Environmental Science and Pollution Research, The European Journal of Finance, Food Policy, The International Journal, International Review of Economics and Finance, Journal of Banking and Finance, Journal of Macroeconomics, Journal of Policy Modeling, METU Studies in Development, Physica A, Quarterly Review of Economics and Finance, Resources Policy,

CITATIONMETRICS (Source: Google Scholar, as of Feb. 19, 2018)

Number of citations : 5381 h-index : 25 i10-index : 27

WORK IN PROGRESS Under review Quantitative easing and financialization (invited to revise and resubmit JIFMIM) Societal acceptance of shale oil: the role of information content and source Rewards and penalties in an evolutionary model of IEAs Burden sharing rule for climate change mitigation Time-Varying Link between Equities and Oil Time varying link between Energy Consumption and Output in G7 Countries In preparation Funding liquidity and idiosyncratic risk Aggregate and disaggregate food markets and energy prices Oil prices and Texas unemployment rate Quality of life and energy use Fair use of energy Green energy scenarios for Turkey

PEER-REVIEWED PUBLICATIONS

1. Ordu-Akkaya, B.M., Ugurlu, E., Soytas, U. (forthcoming) “Trading volume, open interest and speculators: Do they spill volatility to futures and spot markets” Resources Policy,

2. Gormus, A., Diltz, J.D., Soytas, U. (forthcoming) “Energy mutual funds and oil prices.” Managerial Finance, https://doi.org/10.1108/MF-04-2017-0124

3. Gormus, A. Nazlioglu, S., Soytas, U. (forthcoming) “Oil prices and monetary policy in emerging markets: structural shifts in causal linkages”, Emerging Markets Finance and Trade, https://doi.org/10.1080/1540496X.2018.1434072

4. Ewing, B.T., Gormus, A., Soytas, U. (forthcoming) “Risk transmission from oil and natural gas futures to emerging market mutual funds” Emerging Markets Finance and Trade, https://doi.org/10.1080/1540496X.2017.1400965

5. Ordu, B.M., Soytas, U., Oran, A. (forthcoming) “Is food financialized? Yes, but only when liquidity is abundant” Journal of Banking and Finance, https://doi.org/10.1016/j.jbankfin.2017.06.001

6. Gormus, A., Nazlioglu, S., Soytas, U. (2018) “High-Yield Bond and Energy Markets” Energy Economics, 69, 101-110. https://doi.org/10.1016/j.eneco.2017.10.037

7. Kocaarslan, B., Sari, R., Gormus, A., Soytas, U. (2017) “Dynamic correlations between BRIC and U.S. stock markets: The asymmetric impact of volatility expectations in oil, gold and financial markets” Journal of Commodity Markets, 7, 41-56. https://doi.org/10.1016/j.jcomm.2017.08.001

8. Kocaarslan, B., Soytas, U., Sari, R. (2017) “Are there any Diversification Benefits among Global Finance Center Candidates in Eurasia?” Emerging Markets Finance and Trade 53(2), pp. 357-374. https://doi.org/10.1080/1540496X.2016.1216838

9. Nazlioglu, S., Gormus, A., Soytas, U. (2016). “Oil Prices and Real Estate Investment Trusts (REITs): Gradual-Shift Causality and Volatility Transmission Analysis.” Energy Economics (60), 168-175. https://doi.org/10.1016/j.eneco.2016.09.009

10. Ordu, B.M., Soytas, U. (2015) “The impact of energy commodity dependence on electricity and market index performances: Evidence from an emerging market.” Emerging Markets Finance and Trade, pp. 1-16. https://doi.org/10.1080/1540496X.2015.1068067

11. Fathurrahman, F., Kat, B., and Soytas, U. (2015) “Simulating Indonesian fuel subsidy reform: a social accounting matrix analysis” Annals of Operations Research, pp. 1-25, https://doi.org/10.1007/s10479-015-1954-x

12. Karaveli, A.B., Soytas, U., and Akinoglu B.G. (2015) “Comparison of large scale solar PV (photovoltaic) and nuclear power plant investments in an emerging market” Energy 84: 656-665. https://doi.org/10.1016/j.energy.2015.03.025

13. Nazlioglu, S., Soytas, U., and Gupta, R. (2015) “Oil prices and financial stress: A volatility spillover analysis.” Energy Policy 82: 278-288. https://doi.org/10.1016/j.enpol.2015.01.003

14. Gormus, N.A., Soytas, U., and Diltz, J.D. (2015) “Oil prices, fossil-fuel stocks and alternative energy stocks” International Journal of Economics and Finance 7: 43-56. http://dx.doi.org/10.5539/ijef.v7n7p43

15. Gormus, N.A., Soytas, U., and Diltz, J.D. (2014) “Volatility transmission between energy-related asset classes.” Global Finance Journal 25: 246-259. https://doi.org/10.1016/j.gfj.2014.10.005

16. Sensoy, A., Soytas, U., Yildirim, I., Hacihasanoglu, E. (2014).”Dynamic relationship between Turkey and European countries during the global financial crisis.” Economic Modelling 40: 290-298. https://doi.org/10.1016/j.econmod.2014.04.024

17. Ertugrul, H. M., Soytas, U. (2013). “The stationarity properties of the industrial production index.” İktisat, İşletme ve Finans (Economics, Business and Finance) 28, 51-66. https://doi.org/10.3848/iif.2013.328.3751

18. Turhan, I., Hacıhasanoglu, E., Soytas, U. (2013), “Oil Prices and Emerging Market Exchange Rates.” Emerging Markets Finance and Trade 49, 21-36. https://doi.org/10.2753/REE1540-496X4901S102

19. Nazlioglu, S., Erdem, C., and Soytas, U. (2013) “Volatility spillover between oil and agricultural commodity markets.” Energy Economics 36, 658-665.

20. Hacihasanoglu, E., Simga-Mugan, F.N.C., and Soytas, U. (2012), “Do global risk perceptions play a role in emerging market equity return volatilities?” Emerging Markets Finance and Trade 48, 67-78.

21. Nazlioglu, S., and Soytas, U. (2012) “Oil Price, Agricultural Commodity Prices, and the Dollar: A Panel Cointegration and Causality Analysis” Energy Economics 34, 1098-1104. https://doi.org/10.1016/j.eneco.2011.09.008

22. Yılmaz, O.O., and Soytas, U. (2012) “Are Fertility Decisions in Turkey Affected by Infant Mortality and Income?” İşletme, İktisat ve Finans (Economics, Business and Finance) 27: 39-52. https://doi.org/10.3848/iif.2012.310.3182

23. Kaltalioglu, M., Soytas, U. (2011) “Volatility Spillover from Oil to Food and Agricultural Raw Material Markets” Modern Economy 2, pp. 71-76. https://doi.org/10.4236/me.2011.22011

24. Sari, R, Soytas, U., and Hacihasanoglu, E. (2011) “Do Global Risk Perceptions Influence World Oil Prices?” Energy Economics 33, pp. 515-524. https://doi.org/10.1016/j.eneco.2010.12.006

25. Nazlioglu, S., and Soytas, U. (2011) “World Oil Prices and Agricultural Commodity Prices: Evidence from an Emerging Market” Energy Economics 33, pp. 488-496. https://doi.org/10.1016/j.eneco.2010.11.012

26. Soytas, U. and Kucukkaya, E. (2011) “Economic Growth and Financial Development in Turkey: New Evidence.” Applied Economics Letters 18, 595-600. http://dx.doi.org/10.1080/13504851003761764

27. Soytas, U. and Oran, A. (2011) “Volatility Spillover from World Oil Spot Markets to Aggregate and Electricity Stock Index Returns in Turkey” Applied Energy 88, pp. 354-360. https://doi.org/10.1016/j.apenergy.2010.07.018

28. Basdas, U. and Soytas, U. (2010) “Stock Returns, Economic Growth, Interest Rates and the 2001 Crisis in Turkey” Empirical Economics Letters 9(11), pp. 1059-1065.

29. Dogrul, G. and Soytas, U. (2010) “Relationship between Oil Prices, Interest Rate, and Unemployment: Evidence from an Emerging Market.” Energy Economics 32, pp. 1523-1528. https://doi.org/10.1016/j.eneco.2010.09.005

30. Sari, R., Hammoudeh, S., and Soytas, U. (2010) “Dynamics of Oil Price, Precious Metal Prices, and Exchange Rate” Energy Economics 32, pp. 351-362. https://doi.org/10.1016/j.eneco.2009.08.010

i. Re-published in the book Recent Developments In Exchange Rate Economics, edited by Mark P. Taylor, Meher Manzur, (2013) Edward Elgar Publishing Ltd, Cheltenham.

31. Soytas, U., Sari, R., Hammoudeh, S., and Hacihasanoglu, E. (2009) “World Oil Prices, Precious Metal Prices and Macroeconomy in Turkey” Energy Policy 37, pp. 5557-5566. https://doi.org/10.1016/j.enpol.2009.08.020

32. Soytas, U. (2009) “Modeling the Firm Population Dynamics: An Application to the Turkish Manufacturing Industry for the 1950-2000 Period” International Journal of Business and Economics 8, pp. 213-223.

33. Soytas, U. and Hacihasanoglu, E.(2009) “Can macroeconomic variables improve the forecasts of foreign reserve levels in Turkey?” Empirical Economics Letters 8(7), July.

34. Sari, R. and Soytas, U. (2009) “Are global warming and economic growth compatible? Evidence from five OPEC countries” Applied Energy 86, pp. 1887-1893. https://doi.org/10.1016/j.apenergy.2008.12.007

35. Soytas, U. and Sari, R. (2009) “Energy Consumption, Income, and Carbon Emissions: Challenges Faced by an EU Candidate Member” Ecological Economics 68: 1667-1675. https://doi.org/10.1016/j.ecolecon.2007.06.014

i. This article is among influential articles in environmental and ecological economics. (Hoepner, AGF, Kant, B, Scholtens, B, and Yu P-S. (2012) “Environmental and Ecological Economics in the 21st century: An age adjusted analysis of the influential articles, journals, authors, and institutions.” Ecological Economics 77, 193-206.)

36. Sari, R., Ewing, B.T., and Soytas, U. (2008) “The Relationship Between Disaggregate Energy Consumption and Industrial Production in the United States: An ARDL Approach.” Energy Economics 30: 2301-2313. https://doi.org/10.1016/j.eneco.2007.10.002

i. This article is among influential articles in environmental and ecological economics. (Hoepner, AGF, Kant, B, Scholtens, B, and Yu P-S. (2012) “Environmental and Ecological Economics in the 21st century: An age adjusted analysis of the influential articles, journals, authors, and institutions.” Ecological Economics 77, 193-206.)

37. Soytas, U. and Sari, R. (2007) “The relationship between energy and production: Evidence from Turkish manufacturing industry.” Energy Economics 29 (6), pp. 1151-1165. https://doi.org/10.1016/j.eneco.2006.05.019

i. This article is among influential articles in environmental and ecological economics. (Hoepner, AGF, Kant, B, Scholtens, B, and Yu P-S. (2012) “Environmental and Ecological Economics in the 21st century: An age adjusted analysis of the influential articles, journals, authors, and institutions.” Ecological Economics 77, 193-206.)

38. Soytas, U., Sari, R., and Ewing, B.T. (2007)”Energy Consumption, Income, and Carbon Emissions in the United States.” Ecological Economics 62: 482-489. https://doi.org/10.1016/j.ecolecon.2006.07.009

i. This article is among influential articles in environmental and ecological economics. (Hoepner, AGF, Kant, B, Scholtens, B, and Yu P-S. (2012) “Environmental and Ecological Economics in the 21st century: An age adjusted analysis of the influential articles, journals, authors, and institutions.” Ecological Economics 77, 193-206.)

39. Sari, R. and Soytas, U. (2007) “The Growth of Income and Energy Consumption in Six Developing Countries.” Energy Policy 35 (2): 889-898. https://doi.org/10.1016/j.enpol.2006.01.021

40. Ewing, B. T., Sari, R. and Soytas, U. (2007) “Disaggregate Energy Consumption and Industrial Output in the United States.” Energy Policy 35 (2): 1274-1281. https://doi.org/10.1016/j.enpol.2006.03.012

41. Soytas, U. (2006) “Long run relationship between entry and exit: Time series evidence from Turkish manufacturing industry.” Economics Bulletin, Vol. 12 (10), pp. 1-12.

42. Soytas, U. and Sari, R. (2006) “Can China contribute more to the fight against global warming?” Journal of Policy Modeling 28(8): 837-846.

43. Sari, R. and Soytas, U. (2006) “The Relationship between Stock Returns, Crude Oil Prices, Interest Rates, and Output: Evidence from a Developing Economy” Empirical Economics Letters 5(4): 205-220.

44. Soytas, U. and Sari, R. (2006) “Energy consumption and income in G7 countries.” Journal of Policy Modeling 28(7): 739-750. https://doi.org/10.1016/j.jpolmod.2006.02.003

45. Sari, R. and Soytas, U. (2006) “Income and Education in Turkey: A Multivariate Analysis.” Education Economics 14(2): 181-196. http://dx.doi.org/10.1080/09645290600622921

46. Soytas, U. (2006) “Physical and Ergonomic Hazards in the Textile, Chemicals, Food, Metal Products, and Wood Working Industries in Turkey” International Journal of Occupational and Environmental Health 12(1), pp. 35-41. 10.1179/oeh.2006.12.1.35

47. Sari, R. and Soytas, U. (2005) “Inflation, Stock Returns, and Real Activity: Evidence from a High Inflation Country.” Empirical Economics Letters 4(3): 181-192.

48. Sari, R. and Soytas, U. (2004) “Disaggregate Energy Consumption, Employment; and Income in Turkey.” Energy Economics, Vol. 26 (3), pp. 335-344. https://doi.org/10.1016/j.eneco.2004.04.014

49. Soytas, U. and Becker, K.G. (2003) “Is Limit Pricing Evolutionarily Stable?” Journal of Evolutionary Economics, Vol. 13 (3), pp. 281-88. https://doi.org/10.1007/s00191-003-0154-z

50. Soytas, U. and Sari, R. (2003) “Energy Consumption and GDP: Causality Relationship in G-7 Countries and Emerging Markets.” Energy Economics, Vol. 25 (1), pp.33-37, January 2003. https://doi.org/10.1016/S0140-9883(02)00009-9

i. This article is among the most influential new articles in Energy Economics (Tol, R.S.J. and Weyant, J.P. “Energy Economics’ Most Influential Papers.” Energy Economics.).

ii. This article is among influential articles in environmental and ecological economics. (Hoepner, AGF, Kant, B, Scholtens, B, and Yu P-S. (2012) “Environmental and Ecological Economics in the 21st century: An age adjusted analysis of the influential articles, journals, authors, and institutions.” Ecological Economics 77, 193-206.)

iii. Abstract Published in: "Energy consumption and GDP: causality relationship in G-7 countries and emerging markets : Soytas, U. and Sari, R. Energy Economics, 2003, 25, (1), 33–37", Fuel and Energy Abstracts, 44(4), July 2003, pp. 266

PEER-REVIEWED PUBLICATIONS IN TURKISH

51. Yildirim, S., Ertugrul, H.M., and Soytas, U. (2015). “Stationarity Properties of Monthly Employment in Turkey: Conventional, Structural Break and Seasonal Unit Root Tests” Anadolu University Journal of Social Sciences 15(4), 91-102. https://doi.org/10.18037/ausbd.16380

52. Soytas, U. (2015). “From energy free growth models to ‘renewable’ economics” Energy and Diplomacy 1(3), 11-27.

53. Hacihasaonoglu, E. and Soytas, U. (2011) “The Relationship between the Composite Index and Industrial Stock Indexes” Dokuz Eylul University Faculty of Economics and Administrative Sciences Journal 26(1), 79-91.

54. Soytas, U. and Unal, O.S. (2010). “Forecasting the Volatility in Turkish Exchange Markets and an Evaluation from a Risk Management Perspective” Celal Bayar University Journal of Management and Economics: 17, 121-145.

55. Hacihasanoglu, E. and Soytas, U. (2010). “The Role of Sovereign Wealth Funds in the New Financial Architecture after the Global Crisis.” Celal Bayar University Journal of Social Sciences 8, 97-114.

56. Hacihasanoglu, E. and Soytas, U. (2010) “Diversification effect of global risk perceptions in developing countries” METU Studies in Development 37, 41-52.

57. Hacihasanoglu, E. and Soytas, U. (2009). “The Impact of Global Risk Perceptions on Emerging Markets: The Case of Turkey” The International Journal of Economic and Social Research 5(1), 39-50.

58. Hacihasanoglu, E. and Soytas, U. (2009) “S&P 500 Volatility and the Credit Default Risk Spread of Turkey” Celal Bayar University Journal of Social Sciences 7: 1-10

59. Oran, A. and Soytas, U. (2009) “Beta variability: Evidence from an emerging market.” METU Studies in Development 35, 233-243.

60. Soytas, U. (2007) “Corporate Control Interaction as an Evolutionary Game” Ankara University The Journal of the Faculty of Political Sciences 62 (2): 155-166.

61. Soytas, U. (2005) “The Role of Fixed Entry Costs in an Evolutionary Entry Game with Bertrand Players.” Hacettepe University Faculty of Economics and Administrative Sciences Journal 23 (2): 207-219.

62. Soytas, U. (2002) “A note on evolutionary game theory” Abant İzzet Baysal Üniversitesi IIBF Dergisi 5:198-206. http://dx.doi.org/10.11616/AbantSbe

CONFERENCE PROCEEDINGS AND PRESENTATIONS

1. Gormus, A., Soytas, U., Nazlioglu, S. (2017). “Are high yield bond and stock markets really similar? Evidence from interactions with the energy markets.” Southwestern Finance Association 2017 Annual Conference, Little Rock, Arkansas.

2. Ordu, B.M., Oran, A, Soytas, U. (2017). “Is food financialized? Yes, but only when liquidity is abundant” Commodity and Energy Markets Conference Annual Meeting 2017, Oxford, UK.

3. Gormus, A., Nazlioglu, S., Soytas, U. (2016) “Oil Prices and Real Estate Investment Trusts (REITs): Gradual-Shift Causality and Volatility Transmission Analysis.” 4th International Symposium on Energy and Finance Issues, Paris, France

4. Kocaarslan, B., Soytas, U., Sari, R. (2016) “Volatility expectations and BRIC and US market comovements” 4th International Academic Conference in Paris, Paris, France.

5. Ordu, B.M., Soytas, U. (2014) “The impact of oil and natural gas prices on electricity and market index performances: Evidence from an emerging market.” International Conference for Academic Disciplines, International Journal of Arts and Sciences, Rome-Italy

6. Nazlioglu, S., Soytas, U., Gupta, R., (2014) “Volatility Spillover between Energy and Financial Markets”. 2nd International Symposium on Energy and Finance Issues, Paris-France.

7. Soytas, U., Ozkarabuber, D., Hacihasanoglu, E. (2012). “Impact Of Global Risk Perceptions On Aggregate And Sectoral Indexes In Turkey” 2012 Bangkok International Business & Economics Conference

8. Dolgopolova, I.S. and Soytas, U. (2010) “The Influence of Oil Price Changes on Economic Growth in Turkey” Eurasia Business and Economics Society Conference, EBES, Istanbul

9. Bastas, U. and Soytas, U. (2010) “The Relationship between Spot Index and Futures Returns: Cross-correlation Evidence from Turkey.” Annual Meetings of the Middle East Economics Association, ASSA, Atlanta, US.

10. Bulut, B. and Soytas, U. (2009) “Forecasting the Prices of Aluminum, Copper, and Zinc with GARCH Models” GBATA International Conference Proceedings, pp 166-173, Prague.

11. Kaltalioglu, M. and Soytas, U. (2009) “Price Transmission between World Food, Agricultural Raw Material, and Oil Prices” GBATA International Conference Proceedings, pp 596-603, Prague.

12. Bastas, U. and Soytas, U. (2009) “Do stock returns trigger economic growth: Evidence from Turkey” 13th Annual International Conference on Macroeconomic Analysis and International Finance, p. 95, Crete.

13. Soytas, U. (2008) “The Evolution of Firm Population in Turkish Manufacturing Industry: A Time Series Exploration” 10th Annual International Conference of the Global Business and Technology Association, Madrid.

14. Sari, R. and Soytas, U. (2008) “CO2 Emissions and Economic Growth in 5 OPEC Countries” 10th Annual International Conference of the Global Business and Technology Association, Madrid. Kucukkaya, E., U. Soytas, R, Sari, (2007) “Assessing the Value of the (New) Turkish Lira” GBATA International Conference Proceedings, pp. 377-381, Taiwan.

15. Kucukkaya, E. and U. Soytas, (2006) “The temporal link between financial development and economic growth: The case of Russian Federation.” GBATA International Conference Proceedings, pp. 492-500, Moscow.

16. Soytas, U. and Oran, A. (2003) “Why Signalling through the use of Debt versus Equity may not function.” GBATA International Conference Proceedings, pp. 1193-1198, Budapest.

17. Oran, A. and Soytas, U. (2003) “Beta Stability in ISE” GBATA International Conference Proceedings, pp. 987-991, Budapest.

18. Soytas, U., Sari, R., and Ozdemir, O. (2001) “Energy Consumption and GDP Relationship in Turkey: A Cointegration and Vector Error Correction Analysis.” GBATA International Conference Proceedings, pp. 838-844, İstanbul.

19. Sari, R. and Soytas, U. (2001) “Purchasing Power Parity: New Evidence from Turkey.” GBATA International Conference Proceedings, pp. 813-818, İstanbul.

20. Soytas, U., Sari, R., and Ozdemir, O. (2000) “Causality Relationship between Energy Consumption and GDP: Evidence from top ten Emerging Markets and G-7 Countries.” Southwestern Economic Association Conference, Galveston.

21. Soytas, U. (1999) “Energy Consumption and Economic Growth: Evidence from Error Correction and Cointegration Analysis” The Age of Transnationalism Interdisciplinary Conference, Lubbock, TX, USA.

COURSES TAUGHT

Graduate: Applied Regression Analysis (PhD), Applied Multivariate Analysis (PhD), Climate Change: Economics and Policy (at Earth System Science interdisciplinary program, PhD and Masters), Managerial Economics, Business Statistics, Game Theory, Industrial Organization, Intermediate Macroeconomics, Econometrics for Finance Undergraduate: Econometrics for Finance, Microeconomics, Macroeconomics, Introduction to Game Theory, International Economics, Industrial Organization, Business Statistics I, Business Statistics II, Mathematical Programming

DISSERTATIONS AND THESES CHAIRED

1. Beyza M. Ordu (2017). “Essays on Financialization of Commodity Markets” Department of Business Administration, Ph.D. dissertation in Finance, METU, Co-chair.

2. Fahman Fathurrahman (current) “Transformation Pathway towards a Sustainable Energy System in Turkey.” Ph. D. dissertation in Earth System Science, METU.

3. A. Bugrahan Karaveli (current). “Turnkey Solar Electricity and Energy Planning for Turkey” Ph. D. dissertation in Earth System Science, METU. Co-chair

4. M. Olcay Aydemir (current). “An Ecological Economics Perspective on Energy Efficiency Policies: Introducing Fair use into Energy Policy Making.” Ph. D. dissertation in Earth System Science, METU.

5. Simay Erdogan (current). “An Econometric Analysis of the Impact of Urbanization on Energy Consumption and Greenhouse Gas Emissions: Panel Estimation for Different Economic Development Stages.” Ph. D. dissertation in Earth System Science, METU.

6. Devrim Ersanli (current). “Development of Strategic Environmental Assessment Practice in Integrated Coastal Zone Management Methodologies.” Ph. D. dissertation in Earth System Science, METU. Co-chair

7. Fahman Fathurrahman (2014) “Simulating Indonesian Fuel Subsidy Reform: A Social Accounting Matrix (SAM) Analysis.” Earth System Science Master’s thesis, METU.

8. Hasret Şahin (2014). “Decarbonization of Turkish Public Electricity Sector: Adopting Sustainable Energy Portfolio.” Earth System Science Master’s thesis, METU.

9. A. Buğrahan Karaveli (2014). “Nuclear Energy versus Solar Energy: The Comparison of their Economic Feasibilities and Environmental Aspects for Turkey.” Earth System Sciences Master’s thesis METU Best Thesis Award, Co-chair

10. Alper Gormus (2013) “Causality and Volatility Spillover Effects on Sub-sector Energy Portfolios” Ph. D. dissertation in Finance, Department of Finance and Real Estate, University of Texas at Arlington, Co-chair

11. Derya Dağdelen (2012) “The Effects of Exchange Rates, Oil Prices, Global Risk Perceptions, and Carbon Emission Prices on Food Prices” Department of Business Administration, MBA thesis, METU

12. Mehmet Emin Kavlak (2012) “Economic Impacts of Free Zones in Turkey: A Questionnaire Study Conducted with Firms Operating in Turkish Free Zones Regarding the Perception of the Firms on the Success of Free Zones” Department of Business Administration, MBA thesis, METU

13. Gökçe Gürsel (2011) “Influence of World Oil and Copper Prices on Turkish Precious Metal and Financial Markets” Department of Business Administration, MBA thesis

14. Baki Cem Şahin (2011) “Impact of Monetary Policy Decisions on the Stock Exchange Market: Turkish case” Thesis, Central Bank of Republic of Turkey.

15. Cem Ali Gökçen (2011) “The Impact of Global Financial Crisis on the Volatility in Financial Markets: The Case of Turkey” Thesis, Central Bank of Republic of Turkey.

16. Müge Kaltalıoğlu (2010) “Price Transmissions between Food and Oil” Department of Business Administration, MBA thesis, METU

17. Burçak Bulut (2010) “Forecasting the Prices of Non-Ferrous Metals with GARCH Models & Volatility Spillover from World Oil Market to Non-Ferrous Metal Markets” Department of Business Administration, MBA thesis, METU

18. Kevser Öztürk (2010) “The Volatility in Foreign Exchange Markets and its Relationship with Interest Rate Volatility” Döviz Kuru Oynaklığı ve Döviz Kuru Oynaklığının Faiz Oranı Oynaklığıyla İlişkisi” Thesis, Central Bank of Republic of Turkey.

19. Serkan Tekbacak (2010) “The Use of Options and Foreign Exchange Options as Exchange Rate Intervention Tools by Central Banks” Thesis, Central Bank of Republic of Turkey.

20. Özlem Serpil Ünal (2009) “Forecasting Exchange Rate Volatility and Risk Management: Turkish Case” Thesis, Central Bank of Republic of Turkey.

21. Alsan, Murat (Dec. 2006) “Cost and Demand Driven Pricing Model for Internet Services and Application on Turkey’s Case” Department of Information Systems, MS thesis, METU, Co-chair.

22. İskender, Gökhan. (2006) “Anti-competitive Pricing and Regulation in the Electronic Communications Sector.” Thesis, Information and Communication Technologies Authority

23. Çetinkaya, Önder. (2005) “Meeting the EU Consumption Policy Targets via Deregulation and Steps Turkey must take during the EU Application Process.” Thesis, Information and Communication Technologies Authority

PROJECTS

Ongoing

1. Nature4Cities (Horizon 2020) Starts Dec. 2016 (4 years). Total budget: EUR 7.5 million.

Nature4Cities concept is based on: (1) the building of a NBS knowledge base and associated integrated analysis framework, (2) the development of a holistic assessment methodology, (3) the adaptation of existing technologies for urban data management and citizens’ participatory engagement, and (4) the co-development and demonstration with partner cities (Città Metropolitana Di Milano (IT), Çankaya (TR), Szeged (HU), Alcala de Henares (ES)). The N4C consortium is drawn from 9 countries taking a pro-active part in the EU dynamics of R&D&I, at the crossing of urban green infrastructure planning and construction sector, environmental assessment, social sciences, innovation management and Information and Communication Technology supporting tools.

METU group is responsible for measuring societal acceptance of nature based solutions

2. Shape-Energy (Horizon 2020) Starts Feb. 2017 (2 years). Total budget: EUR 2 million.

SHAPE-ENERGY aims to develop Europe’s expertise in using and applying energy-SSH. Our innovative Platform will unite those who ‘demand’ energy research, because they can use it to develop practical initiatives, with those who ‘supply’ that research. Each of our Platform activities (below) will create space for these two groups to meet and collaborate in ‘shaping’ the European energy agenda. This will build deep and shared understanding of what is needed and what is possible, as well as stretching their collective ambition.

METU group is responsible for the economics, sociology, and psychology areas for a platform for energy scholars in social sciences.

Completed

1. Climate Change Mitigation from the Perspective of Economic Policies (in Turkish: Ekonomi Politikalari Perspektifinden Iklim Değişikliğiyle Mücadele) (December, 2016) TÜSİAD- T/2016 T/2016, 12 – 583. Authored the section: Developments in Energy Sector: Renewable energy incentives and the risks faced by coal and fossil fuel companies

2. Impact of TPAO on Turkish Economy in 2012 (2013) Project leader. Estimated the macroeconomic and industry wise direct, indirect, and induced effects of TPAO in Turkey using SAM analysis, computed multipliers, and interpreted the results, and prepared the report

3. Impact of Coca-Cola System on Turkish Economy in 2012 (2013) Member of project group. Estimated the macroeconomic and industry wise direct, indirect, and induced effects of Coca-Cola System in Turkey using SAM analysis, computed multipliers, and interpreted the results, and prepared the report

4. Impact of Coca-Cola System on Turkish Economy in 2009 (2011) Member of project group. Estimated the macroeconomic and industry wise direct, indirect, and induced effects of Coca-Cola System in Turkey using input-output analysis, computed multipliers. and interpreted the results. Wrote the section on input-output analysis and assisted in the preparation of the final report.

5. BAP-2007-04-02-03 “The link between energy consumption, economic growth and the environment” Director Prepared a research agenda. Conducted research on the links between economic development, energy consumption and carbon dioxide emissions in US and in Turkey. Published the results in international journals: Soytas, U., Sari, R., and Ewing, B.T. (2007)”Energy Consumption, Income, and Carbon Emissions in the United States.” Ecological Economics 62: 482-489. Soytas, U. and Sari, R. (2009) “Energy Consumption, Income, and Carbon Emissions: Challenges Faced by an EU Candidate Member” Ecological Economics 68: 1667-1675

6. Occupational Health and Safety Market Analysis (2005) External expert (EUROPEAID/114648/D/SV/TR) Worked with international experts and authorities from the Ministry of Work to determine the needs and problems in OHS of business firms in different industries and cities in Turkey. Set up a survey plan for exploratory market analysis. Designed a questionnaire and implemented a pilot run to finalize the questionnaire. Planned and used a quota sampling procedure to select a sample of different sized firms from 5 different industries and 10 different towns in Turkey. Selected and trained field personnel. Supervised data collection and organization. Conducted statistical analysis and has written a comprehensive report on the findings on OHS market analysis. Presented key findings to the ministry. In addition to the report, a journal article was also published: Soytas, U. (2006) “Physical and Ergonomic Hazards in the Textile, Chemicals, Food, Metal Products, and Wood Working Industries in Turkey” International Journal of Occupational and Environmental Health 12(1), pp. 35-41.

7. Occupational Health and Safety Laboratory Survey (2005) External expert (EUROPEAID/114648/D/SV/TR) Worked with international experts and authorities from the Ministry of Work to determine the needs and problems faced by state owned OHS laboratories. Prepared a survey plan to identify privately run OHS laboratories in Turkey. Determined a sample of

state and private OHS laboratories. Designed a questionnaire and implemented a pilot run to finalize it. Supervised data collection and organization. Conducted statistical analysis and has written a comprehensive report on the findings on exploratory OHS laboratory analysis. Submitted the report to the ministry.

8. DOSAP project “Impact of energy price shocks on the Turkish macro economy” Supervisor 2 post-doctoral researchers with the following research output: Dolgopolova, I.S. and Soytas, U. (2010) “The Influence of Oil Price Changes on Economic Growth in Turkey” Eurasia Business and Economics Society Conference, EBES, Istanbul Dogrul, G. and Soytas, U. (2010) “Relationship between Oil Prices, Interest Rate, and Unemployment: Evidence from an Emerging Market.” Energy Economics 32, pp. 1523-1528.

SEMINAR PRESENTATIONS AND INVITED SPEECHES

“Are high yield bond and stock markets really similar? Evidence from interactions with the energy markets”, 2017, TSU

“The state of Energy Industry in Turkey”, 2016, Energy Commerce, TTU

“Markov switching Granger causality between energy consumption and growth”, 2015, Institute of Applied Mathematics, METU

“Time varying link between energy use and income”, 2015, Department of Economics, Anadolu University

“Financial stress and the oil market”, 2015, Department of Physics, METU

“Food Demand Estimation” Food Security and Project Cycle Management training program (FAO), 2013 1.5 hours

“Market Structures and Assessment” Food Security and Project Cycle Management training program (FAO), 2013 3 hours

“Energy Consumption, Economic Growth, and Greenhouse Gas Emissions” METU, Continuing Education Center, Earth System Science certificate program 2010 (1 hour), 2011 (2 hours).

“Game Theory and Strategic Thinking” METU, Continuing Education Center, METESAN Ltd. 2004, 10 hours.

“International Finance” METU, Continuing Education Center, International Civil Engineers Association, 2003, 6 hours.

“Groundwater Property Rights in Turkey” Spring 1998, Texas Tech University Interdepartmental Seminar Series.

AWARDS AND SCHOLARSHIPS

METU FEAS Academic Performance Award, 2004, 2005, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015 (ranked #1 among approximately 80 faculty members across 4 departments since 2010)

METU Young Scientist Award 2008

METU Young Scientist Award 2007

METU International Publication Award, 2003 A-class twice, 2004 A-class, 2006 A-Class 3 times, 2007 A-class 4 times, 2008 A-class, 2009 A-class 3 times, 2010 A-class 4 times, 2011 A-class 4 times, 2012 A-class 3 times, 2013 A-class 3 times, 2014 A-class 2 times, 2015 A-class 2 times

Turkish Academy of Sciences, Incentive Award for International Publication in Social Sciences 2003 (Twice A-class), 2004 A-class, 2006 C-class.

Outstanding Graduate Instructor Award, 1998-1999 Texas Tech University

International Education Fee Scholarship, Spring 1999 Texas Tech University

West Texas Turkish-American Association Scholarship, 1995-1996, Lubbock, Texas.

Marketing Departmental Scholarship, Spring 1995, Texas Tech University.

PROFESSIONAL AFFILIATION

IAEE Member, 2005 – date. Omicron Delta Epsilon, International Honor Society in Economics, May 2000 – date. American Economic Association, Fall 1996 – Spring 2000, Fall 2016 - date

SERVICE

2015-2016 Academic Incentives Committee Member, METU

2015-August 2016 Graduate School of Social Sciences, Administrative Board Member, METU.

2015- Sept. 2016 Faculty of Economics and Administrative Sciences Academic Board Member, METU

2014-date Social Sciences Academic Ethics Board Member, METU.

2011-date Administrative Board Member, Continuing Education Center, METU

Sept. ‘05 – date. ERASMUS and International Exchange coordinator. METU, Dep. of Bus. Admin.

May ‘02 – May ‘05 Vice Chair. METU, Dep. of Bus. Admin.

2001 – Fall 2002 Academic Advisor to MBA Students. METU, Dep. of Bus. Admin.

Fall 2002 – May ‘05 Academic Advisor to Undergraduate Students. METU, Dep. of Bus. Admin.

REFERENCES

Richard S.J. Tol, PhD Editor in Chief of Energy Economics Professor of the Economics of Climate Change, Vrije Universiteit, Amsterdam, the Netherlands and Professor of Economics, University of Sussex, Department of Economics Sussex House, Falmer Brighton, BN1 9RH United Kingdom e-mail: R.Tol@sussex.ac.uk Ph: +44 1273 877282

Bradley T. Ewing, PhD. Professor of Energy Economics C.T. McLaughlin Chair of Free Enterprise Area of Energy, Economics and Law Texas Tech University Lubbock, TX 79409 e-mail: bradley.ewing@ttu.edu Ph: +1 806 834-3939 Klaus G. Becker, PhD Associate Professor of Economics Department of Economics Chairperson Texas Tech University Lubbock, TX 79409 e-mail: klaus.becker@ttu.edu Ph: +1 806-834-7275 Alper Gormus, PhD Assistant Professor of Finance Department of Economics and Finance Texas A&M University Commerce Commerce, TX 75429-3011 e-mail: al.gormus@tamuc.edu Ph: +1 817-881-8568