In this study, it has been aimed to determine the effect of oil prices on basic macroeconomic indicators econometrically by using the monthly data of the Turkish economy of the 2007-2018 period. Johansen Cointegration method has been used to determine the long-term relationship, and FMOLS, DOLS, and CCR methods have been used to calculate the long-term coefficients. According to the empirical results, oil price mobility is cointegrated with the main macroeconomic indicators in the long run, and have a positive effect on the interest rate, inflation, industrial production index, real effective exchange rate and employment and a negative effect on the current account deficit.
In this study, it has been aimed to determine the effect of oil prices on basic macroeconomic indicators econometrically by using the monthly data of the Turkish economy of the 2007-2018 period. Johansen Cointegration method has been used to determine the long-term relationship, and FMOLS, DOLS, and CCR methods have been used to calculate the long-term coefficients. According to the empirical results, oil price mobility is cointegrated with the main macroeconomic indicators in the long run, and have a positive effect on the interest rate, inflation, industrial production index, real effective exchange rate and employment and a negative effect on the current account deficit.
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Uluslararası
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