Record Details

OIL PRICES AFFECT CURRENT ACCOUNT DEFICIT: EMPIRICAL EVIDENCE FROM TURKEY

Journal of Applied Research in Finance and Economics

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Title OIL PRICES AFFECT CURRENT ACCOUNT DEFICIT: EMPIRICAL EVIDENCE FROM TURKEY
 
Creator BEŞEL, Furkan
 
Description This study investigates the relationship between current account deficit and oil prices in Turkey over the period from 1976 to 2016 by utilizing the Zivot-Andrews Unit Root Test, Gregory-Hansen Cointegration Test, Toda-Yamamoto Causality Test methods. The tests indicate that both variables are stationary when their first differences are taken. According to cointegration test results there is a long run relationship between the current account deficit and oil prices in Turkey. The results of Toda-Yamamoto Causality Test indicate that there is unidirectional causality from oil prices to current account deficit.
 
Publisher Journal of Applied Research in Finance and Economics
 
Date 2017-04-30
 
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/20
 
Source Journal of Applied Research in Finance and Economics; Vol 3 No 2 (2017): Issue 3-2; 13-21
2458-8083
 
Language eng
 
Relation http://www.jarfe.org/index.php/jarfe/article/view/20/20
 
Rights Copyright (c) 2017 Journal of Applied Research in Finance and Economics