The Effect of Oil Prices Mobility on Basic Macroeconomic IndicatorsAbstract: 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

Murat Aykiri

Sosyoekonomi Journal, 2020, issue 28(45)

Keywords: Oil Prices; Macroeconomic Indicators; Cointegration. (search for similar items in EconPapers)
JEL-codes: C19 F62 Q43 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:200308

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