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The Impact of US Sanctions on the Consumer Price Index (CPI) of Turkey

Author

Listed:
  • Waqar BADSHAH

    (Faculty of Humanities & Social Sciences)

  • Amaama ABDUL-MALIK

    (Faculty of Humanities & Social Sciences)

  • Asad Ul İSLAM KHAN

    (Faculty of Humanities & Social Sciences)

  • Rasim OZCAN

    (Faculty of Humanities & Social Sciences)

Abstract

This paper addresses the assessment of effect of the sanctions imposed on Turkey by the United States of America in the year 2018 on the Consumer Price Index (CPI) of Turkey. The study used a cross sectional data from the 81 provinces in Turkey for the periods of 2016 to 2018 from Turkish Statistical Institute (TUIK). Dummy variable with Ordinary Least Squares (OLS) estimation method is used to determine that how the sanctions affected the CPI over that period by looking at the years before 2018, the year the sanctions were imposed.

Suggested Citation

  • Waqar BADSHAH & Amaama ABDUL-MALIK & Asad Ul İSLAM KHAN & Rasim OZCAN, 2021. "The Impact of US Sanctions on the Consumer Price Index (CPI) of Turkey," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 22(2), pages 213-221, May.
  • Handle: RePEc:rom:rmcimn:v:22:y:2021:i:2:p:213-221
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    References listed on IDEAS

    as
    1. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
    2. Saziye Gazioglu, 2003. "Capital flows to an emerging financial market in Turkey," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 9(3), pages 189-195, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    CPI; OLS method; Sanctions; Crisis.;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions

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