The Effects of Oil Prices Changes on Output Growth and Inflation: Evidence from Turkey
Pelin ÖGE GÜNEY
Journal of Economics and Behavioral Studies, 2013, vol. 5, issue 11, 730-739
Abstract:
This paper investigates the effects of oil price changes on output and inflation for the case of Turkey using monthly time series data for the period 1990:1–2012:3. Recent studies suggest that oil price changes may have asymmetric effects on the macroeconomic variables. To account for asymmetric effects, we decompose oil price changes into positive and negative parts following Hamilton (1996). Our results show that while oil price increases have clear negative effects on output growth, the impact of oil price decline is insignificant. Similarly, oil price increases have positive and significant effects on inflation. However, oil price declines have not a significant effect on inflation. The Granger causality tests also support these results.
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
https://ojs.amhinternational.com/index.php/jebs/article/view/446/446 (application/pdf)
https://ojs.amhinternational.com/index.php/jebs/article/view/446 (text/html)
Related works:
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:rnd:arjebs:v:5:y:2013:i:11:p:730-739
DOI: 10.22610/jebs.v5i11.446
Access Statistics for this article
More articles in Journal of Economics and Behavioral Studies from AMH International
Bibliographic data for series maintained by Muhammad Tayyab ().