THE DYNAMICAL RELATIONSHIP BETWEEN OIL PRICE SHOCKS AND SELECTED MACROECONOMIC VARIABLES IN TURKEYReport as inadecuate




THE DYNAMICAL RELATIONSHIP BETWEEN OIL PRICE SHOCKS AND SELECTED MACROECONOMIC VARIABLES IN TURKEY - Download this document for free, or read online. Document in PDF available to download.

Economic research - Ekonomska istraživanja, Vol.25 No.2 June 2012. -

In many empirical studies, the dynamic

relationship among energy sector

variables such as, oil, electricity,

gasoline, coal, renewable energy, etc. and

economic variables such as; financial markets,

real economy and the overall economy are

studied. Oil price changes may affect the

economic variables more of oil importer

countries then oil exporter countries especially

emerging markets. In addition to this, oil price

changes and shocks may be an important

device to explain stock market index return.

In this paper, Istanbul stock exchange market

index ISE-100, interest rates, exchange rates

and oil price are analyzed by using a vector

autoregressive VAR approach for Turkey.

The results suggest that there is a dynamic

relationship among oil price shocks, Istanbul

stock market index, exchange rate and interest

rate.

Oil Price shocks; ISE-100; Interest rates; Exchange rates; Vector –autoregressive VAR



Author: MEHMET ERYIĞIT -

Source: http://hrcak.srce.hr/



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