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WORLD OIL PRICES AND AGRICULTURAL COMMODITY PRICES IN TURKEY: EVIDENCE FROM SYMMETRIC AND ASYMMETRIC CAUSALITY TESTS

Journal of Applied Research in Finance and Economics

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Title WORLD OIL PRICES AND AGRICULTURAL COMMODITY PRICES IN TURKEY: EVIDENCE FROM SYMMETRIC AND ASYMMETRIC CAUSALITY TESTS
 
Creator ARI, Ayse
 
Description This paper looks for empirical support of the validity of the causal relationship between world crude oil prices and agricultural commodity  prices in Turkey over the period 1994:01-2010:12 by applying the symmetric causality test of Hacker and Hatemi (2006) and also a recently introduced causality test of Hatemi-J’s (2012), which allows for asymmetry. We determine that world oil prices Granger-cause the price of maize by employing the symmetric causality test. However, the results of the asymmetric causality test show that the positive and negative cumulative shocks in oil prices Granger-cause the positive and negative cumulative shocks of cotton prices.
 
Publisher Journal of Applied Research in Finance and Economics
 
Contributor —
 
Date 2016-01-12
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.jarfe.org/index.php/jarfe/article/view/4
 
Source Journal of Applied Research in Finance and Economics; Vol 1, No 1 (2015); 25-35
2458-8083
 
Language eng
 
Relation http://www.jarfe.org/index.php/jarfe/article/view/4/4
 
Rights Copyright (c) 2016 Journal of Applied Research in Finance and Economics