We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Petrol Fiyatlarının Makro Ekonomi Üzerindeki Etkisi-Ülke Karşılaştırmaları İle Panel Veri Analizi.
- Authors
Alagöz, Mehmet; Alacahan, Nur Dilbaz; Akarsu, Yağmur
- Abstract
In this study, it was attempted to investigate the effects of oil prices on macroeconomic variables in these countries which are similar in economic level upon, specifying Turkey, China, South Africa, Mexico, Colombia, Costa Rica, Indonesia and Kazakhstan mentioned in the report of the OECD (Organization for Economic Cooperation and Development) published in the December 12, 2016, titled as "Perspectives on Global Development 2017" as will be in the group of high-income countries in 2030. The data are on an annual basis and cover the period 1980-2016. These data are taken from World Bank website. Panel data analysis was conducted to investigate the effects of oil prices on economic growth, current account deficit and inflation. According to the results of the study, A dollar increase in Crude Oil price caused a 0.04% increase in inflation across the countries examined. Increase in Crude Oil price, affecting as current account deficit by making a negative impact on the current account balance. A unit increase in oil prices is affecting the current account balance - $ 30,833,384.19.
- Publication
Karamanoglu Mehmetbey University Journal of Social & Economic Research / Karamanoğlu Mehmetbey Üniversitesi Sosyal ve Ekonomi̇k Araştırmalar Dergi̇si, 2017, Vol 19, Issue 33, p144
- ISSN
2147-7833
- Publication type
Article
- DOI
10.18493/kmusekad.400722