The Relationship between Industrial Production, GDP, Inflation and Oil Price: The Case of Turkey
作者： Korhan Gokmenoglu , Vahid Azin , Nigar Taspinar
DOI: 10.1016/S2212-5671(15)00762-5
关键词:
摘要: Abstract After the oil shock in 1973, number of studies on causal relationship between price and macroeconomic variables has dramatically increased. This paper investigates among price, inflation, GDP industrial production for 1961 to 2012 period case Turkey. Data used study was extracted from World Bank Development Indicators OPEC. Three different tests, namely unit root, co-integration causality have been employed investigate variables. The results Phillips-Perron (PP) as a root test suggests that all under investigation are integrated order one; I(1). Johansen confirm long-run these Granger illustrates unidirectional production.
elsevier.com
sci-hub.se 参考文章(23)
Bharat Trehan, Oil price shocks and inflation FRBSF Economic Letter. ,(2005)
Paul Castillo, Carlos Montoro, Vicente Tuesta, Inflation, oil price volatility and monetary policy Journal of Macroeconomics. ,vol. 66, pp. 103259- ,(2020) , 10.1016/J.JMACRO.2020.103259
Yong U. Glasure, Aie-Rie Lee, Cointegration, error-correction, and the relationship between GDP and energy: Resource and Energy Economics. ,vol. 20, pp. 17- 25 ,(1998) , 10.1016/S0928-7655(96)00016-4
Young U. Glasure, Aie-Rie Lee, The impact of oil prices on income and energy International Advances in Economic Research. ,vol. 8, pp. 148- 154 ,(2002) , 10.1007/BF02295345
Man-Hwa Wu, Yen-Sen Ni, The effects of oil prices on inflation, interest rates and money Energy. ,vol. 36, pp. 4158- 4164 ,(2011) , 10.1016/J.ENERGY.2011.04.028
A. Nazif Çatık, A. Özlem Önder, An asymmetric analysis of the relationship between oil prices and output: The case of Turkey Economic Modelling. ,vol. 33, pp. 884- 892 ,(2013) , 10.1016/J.ECONMOD.2013.06.004
Pascal Jacquinot, Mika Kuismanen, Ricardo Mestre, Martin Spitzer, An Assessment of the Inflationary Impact of Oil Shocks in the Euro Area The Energy Journal. ,vol. 30, pp. 49- 83 ,(2009) , 10.5547/ISSN0195-6574-EJ-VOL30-NO1-3
Bradley T. Ewing, Mark A. Thompson, Dynamic cyclical comovements of oil prices with industrial production, consumer prices, unemployment, and stock prices Energy Policy. ,vol. 35, pp. 5535- 5540 ,(2007) , 10.1016/J.ENPOL.2007.05.018
Werner Roeger, International oil price changes: impact of oil prices on growth and inflation in the EU/OECD International Economics and Economic Policy. ,vol. 2, pp. 67- 78 ,(2005) , 10.1007/S10368-005-0027-Z
James D. Hamilton, Oil and the Macroeconomy since World War II Journal of Political Economy. ,vol. 91, pp. 228- 248 ,(1983) , 10.1086/261140