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
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.
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)
For access to full text, subscription to the journal or payment for the individual article is required.
Working Paper: Asymmetric Effects of Oil Prices on the Manufacturing Sector in Turkey (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
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
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 ().