The Effects of Oil Price on Turkish Economic Growth

Ay?en Edirneligil () and Mehmet Mucuk ()
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Ay?en Edirneligil: Selcuk University
Mehmet Mucuk: Selcuk University

No 702083, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: Although the oil price is determined by demand and supply, it is also affected by lots of variables such as economic, political and technical conditions. On the other hand, fluctuations in oil price have also effect on macroeconomic stability. Oil price has an important role in Turkey, since Turkey is a country that has external dependency in energy sources. The purpose of this paper is to examine the effects of oil prices on Turkish economic growth. In this respect, the relationship between variables will be analyzed by using annual data between the years 1980-2013. For analyzing variables, it will be used Johansen Cointegration Test, Impulse-Response Function, and Variance Decomposition tests.

Keywords: Oil price; Economic growth; Turkish Economy (search for similar items in EconPapers)
JEL-codes: A10 E00 E21 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2014-10
New Economics Papers: this item is included in nep-ara, nep-cwa, nep-ene, nep-fdg and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in Proceedings of the Proceedings of the 12th International Academic Conference, Prague, Oct 2014, pages 360-370

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:0702083

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