Role of oil prices and major macroeconomic factors in the economic growth of selected G20 countries

Basit Öğe Kaydı
dc.authorscopusid57212874011
dc.contributor.authorÇanakcı M.
dc.date.accessioned2024-08-04T20:02:34Z
dc.date.available2024-08-04T20:02:34Z
dc.date.issued2021
dc.departmentİnönü Üniversitesien_US
dc.description.abstractThe research is focused on investigating the influence of oil price fluctuation and different selected macroeconomic indicators on the economic growth of selected G20 countries. The research simply applied descriptive analysis technique as well as regression analysis technique by using a random effect model and Pearson correlation analysis technique to investigate formulated objectives. Results of the research suggested that oil prices and GDP in selected G20 countries have a negative relationship with each other. Results of the research further suggested that the broad money, balance of payment and inflation have a negative impact on the exchange rate of selected G20 countries. These results suggest that it is important for selected G20 countries to make sure to decrease the oil rents and maintain oil prices to have overall positive impact on the economy. Overall, results of the research suggest that a decrease in oil prices can be a significant factor for having a positive influence on the economic growth and progress of selected G20 countries. © 2021 WITPress. All rights reserved.en_US
dc.identifier.doi10.18280/IJSDP.160214
dc.identifier.endpage356en_US
dc.identifier.issn1743-7601
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-85105806077en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.startpage347en_US
dc.identifier.urihttps://doi.org/10.18280/IJSDP.160214
dc.identifier.urihttps://hdl.handle.net/11616/91791
dc.identifier.volume16en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherInternational Information and Engineering Technology Associationen_US
dc.relation.ispartofInternational Journal of Sustainable Development and Planningen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectBroad moneyen_US
dc.subjectCobb-Douglas production functionen_US
dc.subjectEconomic growthen_US
dc.subjectInflationen_US
dc.subjectOil pricesen_US
dc.titleRole of oil prices and major macroeconomic factors in the economic growth of selected G20 countriesen_US
dc.typeArticleen_US

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