Türkiye ekonomisinde petrol fiyatlari ve enflasyon ilişkisi: ampirik analiz
The relationship between oil prices and inflation in Turkish economy: an empirical analysis
Author(s): Sultan Koçak, Feyza Balan, Barış AlbayrakSubject(s): Energy and Environmental Studies, Economic development, Financial Markets, Globalization, Socio-Economic Research
Published by: Rating Academy
Keywords: Inflation; Oil Prices;
Summary/Abstract: Movements in oil prices in the globalizing world have significant impacts on economic indicators. Oil prices, which have a significant impact on the general level of prices especially in the oil-importing countries, are a determining factor for inflation that an important macroeconomic indicator. In this context, the relationship between oil prices and inflation for the period 2003: 01/2017: 02 investigated with the aid of VAR model. As a result of the analysis, a positive relationship identified between oil prices and inflation. In this case, it is understood that an increase in oil prices increased the inflation rate in the corresponding period.
Journal: Journal of Life Economics
- Issue Year: 4/2017
- Issue No: 4
- Page Range: 261-273
- Page Count: 13
- Language: Turkish