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- Title
The Impact of Crude Oil Import Prices on Household Natural Gas Prices: The Case of Turkey.
- Authors
Tatlı, Halim; Barak, Doğan
- Abstract
This study examines the impact of crude oil import prices on household natural gas prices in Turkey. The household sector natural gas prices are chosen as a dependent variable while crude oil import price and real exchange rate are chosen as independent variables. The data for the period 1990-2016 for these variables are analyzed by the ARDL, causality test, variance decomposition and impulse-response functions. As a result of the ARDL, it was concluded that both short-run and longrun crude oil import prices affect natural gas prices positively while the real exchange rate affects it negatively. The results obtained from the impulse-response functions confirm the results of the ARDL model. According to the causality test result, there is not any causality between crude oil import prices and household natural gas prices. However, it has been concluded that there is unidirectional causality from the real exchange rate to the natural gas prices.
- Subjects
TURKEY; NATURAL gas prices; PETROLEUM sales &; prices; GAS industry
- Publication
Journal of Economic Cooperation & Development, 2020, Vol 41, Issue 4, p1
- ISSN
1308-7800
- Publication type
Article