EconPapers    
Economics at your fingertips  
 

Asymmetric Effects of Oil Prices on the Manufacturing Sector in Turkey

Orhan Torul () and C. Emre Alper ()

Review of Middle East Economics and Finance, 2010, vol. 6, issue 1, 90-105

Abstract: We investigate the relationship between oil prices and manufacturing sector of a small open economy, Turkey. We take into account exogeneity of oil prices, extreme oil-reliance and import-dependence, as well as asymmetric responses of oil product prices to world crude oil price changes. We also control for the global liquidity and domestic finance conditions, along with real exchange rate dynamics in our VAR estimations. We report that while oil price increases do not significantly affect the manufacturing sector in aggregate terms, some sub-sectors are adversely affected.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.2202/1475-3693.1269 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
Working Paper: Asymmetric Effects of Oil Prices on the Manufacturing Sector in Turkey (2009) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:rmeecf:v:6:y:2010:i:1:n:4

Ordering information: This journal article can be ordered from
https://www.degruyter.com/view/j/rmeef

DOI: 10.2202/1475-3693.1269

Access Statistics for this article

Review of Middle East Economics and Finance is currently edited by Ghassan Dibeh

More articles in Review of Middle East Economics and Finance from De Gruyter
Bibliographic data for series maintained by Peter Golla ().

 
Page updated 2022-09-17
Handle: RePEc:bpj:rmeecf:v:6:y:2010:i:1:n:4