Is the relationship between oil-gas prices index and economic growth in Turkey permanent?

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dc.authoridKIRCA, MUSTAFA/0000-0002-5630-7525
dc.authoridCANBAY, SERIF/0000-0001-6141-7510
dc.contributor.authorKirca, Mustafa
dc.contributor.authorCanbay, Serif
dc.contributor.authorPirali, Kerem
dc.date.accessioned2021-12-01T18:47:18Z
dc.date.available2021-12-01T18:47:18Z
dc.date.issued2020
dc.department[Belirlenecek]en_US
dc.description.abstractOil and gas are the most important inputs that countries use in their production process. For this reason, changes in oil-gas prices affect economic growth, which is the most important macroeconomic performance indicator. This study aims to investigate whether the relations between the oil-gas prices index and economic growth are permanent in Turkey, covering the period 1998Q1-2019Q4. For this purpose, the relationships between variables are first examined by Granger and Toda-Yamamoto causality tests with structural breaks. Then, we analyze whether the relationships between them are permanent using frequency domain causality tests based on these two tests. There is insignificant causality relationship between the variables according to Granger and the Frequency Domain Causality Test results based on this test. However, according to the results of the Toda-Yamamoto causality test with a structural break, there is a causality relationship from oil-gas prices to economic growth. According to the results of the Frequency Domain Causality Test based on this test, the permanent effect of oil-gas prices on economic growth is approximately five years.en_US
dc.identifier.doi10.1016/j.resourpol.2020.101838
dc.identifier.issn0301-4207
dc.identifier.issn1873-7641
dc.identifier.pmid34173421en_US
dc.identifier.scopus2-s2.0-85090217222en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1016/j.resourpol.2020.101838
dc.identifier.urihttps://hdl.handle.net/20.500.12684/10224
dc.identifier.volume69en_US
dc.identifier.wosWOS:000600783300035en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakPubMeden_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevier Sci Ltden_US
dc.relation.ispartofResources Policyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectEconomic growthen_US
dc.subjectOil-gas pricesen_US
dc.subjectStructural breaksen_US
dc.subjectFrequency domain causality testen_US
dc.subjectTurkeyen_US
dc.subjectUnit-Rooten_US
dc.subjectElectricity Consumptionen_US
dc.subjectEnergy-Consumptionen_US
dc.subjectSupply Shocksen_US
dc.subjectPass-Throughen_US
dc.subjectGreat Crashen_US
dc.subjectMacroeconomyen_US
dc.subjectCausalityen_US
dc.subjectGdpen_US
dc.subjectInflationen_US
dc.titleIs the relationship between oil-gas prices index and economic growth in Turkey permanent?en_US
dc.typeArticleen_US

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