IDEAS home Printed from https://ideas.repec.org/a/asi/aeafrj/v5y2015i5p846-857id1401.html
   My bibliography  Save this article

Oil Price Shocks-Macro Economy Relationship in Turkey

Author

Listed:
  • Feride Ozturk

Abstract

This paper analyzes the impact of oil price shocks on the selected macroeconomic variables in Turkey for the period of 1990Q1-2011Q4. Vector Autoregression (VAR) models and bivariate Granger causality tests are applied to determine the oil price shocks - macro economy relationship. The empirical findings show that both symmetric and positive oil price shocks decrease industrial production, money supply, and imports while the negative oil price shocks increase imports. Granger causality analysis demonstrate that symmetric and positive oil price shocks Granger-cause industrial production and imports in Turkey.

Suggested Citation

  • Feride Ozturk, 2015. "Oil Price Shocks-Macro Economy Relationship in Turkey," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(5), pages 846-857.
    • Handle: RePEc:asi:aeafrj:v:5:y:2015:i:5:p:846-857:id:1401
    as

    Download full text from publisher

    File URL: https://archive.aessweb.com/index.php/5002/article/view/1401/2021
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. T.P. Ghosh, 2019. "Economic Diversification and the State of Oil Dependency of UAE Stock Returns-An Analysis of ADX Indices 2014-2019," Accounting and Finance Research, Sciedu Press, vol. 8(4), pages 199-199, November.
    2. repec:aly:journl:202206 is not listed on IDEAS
    3. Adilson de Oliveira & Susan Schommer & Ledson L. G. da Rosa, 2023. "Oil price volatility: impacts in the Brazilian economy," Economics Bulletin, AccessEcon, vol. 43(1), pages 429-440.
    4. Preeti Sharma & Avinash K. Shrivastava, 2024. "Economic Activities and Oil Price Shocks in Indian Outlook: Direction of Causality and Testing Cointegration," Global Business Review, International Management Institute, vol. 25(3), pages 771-790, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:asi:aeafrj:v:5:y:2015:i:5:p:846-857:id:1401. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Robert Allen (email available below). General contact details of provider: https://archive.aessweb.com/index.php/5002/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.