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- Title
Petrol Fiyatlarındaki Artış Ekonomik Büyüme Üzerinde Etkili mi? Türkiye Ekonomisi Üzerine Ampirik Bir Tahmin.
- Authors
ÖZBEK, Sefa; NAİMOĞLU, Mustafa
- Abstract
In this study, the relationship between oil prices and economic growth in the In this study, the relationship between oil prices and economic growth for the Turkish economy is investigated using monthly data for the period 1988:07-2019:08. For this purpose, the stationarity of the variables is investigated with Fourier Kwiatkowski-Phillips-Schmidt-Shin (FKPSS) and Kwiatkowski-Phillips-Schmidt-Shin (KPSS) tests. The existence of a long-term relationship between the variables is revealed by Fourier SHIN and SHIN cointegration tests. It has been found that there is a long-term relationship between oil prices and economic growth. The long- and short-run cointegration coefficients were estimated by the Fully Modified Ordinary Least Squares (FMOLS) and the Dynamic Ordinary Least Squares Method (DOLS). The findings show that the increase in energy prices increases economic growth.
- Subjects
TURKEY; PETROLEUM sales &; prices; PRICE increases; LEAST squares; ECONOMIC expansion; COINTEGRATION; PETROLEUM
- Publication
Uluslararasi Ekonomi ve Yenilik Dergisi, 2021, Vol 7, Issue 2, p183
- ISSN
2149-6838
- Publication type
Article
- DOI
10.20979/ueyd.910381