Exploring the Relationship Between Oil Prices and Economic Growth in Türkiye

dc.contributor.authorYıldırım, Abdulmecit
dc.contributor.authorKonat, Gökhan
dc.date.accessioned2024-08-04T19:42:50Z
dc.date.available2024-08-04T19:42:50Z
dc.date.issued2023
dc.departmentİnönü Üniversitesien_US
dc.description.abstractThis study investigates the existence of a long-run relationship between economic growth and oil prices in Türkiye, using annual data for the period 1987-2019. First, the stationarity of the variables is evaluated using the Residual Augmented Least Squares (RALS) based ADF unit root test. Second, the RALS-based cointegration test is used to investigate the longrun relationship between the variables. The findings indicate that there is no long-run relationship between economic growth and oil prices in Türkiye. As a result, it is concluded that the series does not return to equilibrium in the long run and oil price shocks during the financial turmoil may affect economic growth.en_US
dc.identifier.doi10.33399/biibfad.1295409
dc.identifier.endpage117en_US
dc.identifier.issn2651-3234
dc.identifier.issn2651-3307
dc.identifier.issue2en_US
dc.identifier.startpage103en_US
dc.identifier.trdizinid1214889en_US
dc.identifier.urihttps://doi.org/10.33399/biibfad.1295409
dc.identifier.urihttps://search.trdizin.gov.tr/yayin/detay/1214889
dc.identifier.urihttps://hdl.handle.net/11616/88733
dc.identifier.volume7en_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.relation.ispartofBingöl Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi (Online)en_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.titleExploring the Relationship Between Oil Prices and Economic Growth in Türkiyeen_US
dc.typeArticleen_US

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