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The Effects of Changes in Oil Prices on Turkey’s Current Account Deficit

Author

Listed:
  • Selim Güngör

    (Gaziosmanpaşa University)

  • Lütfiye Sönmez

    (Gaziosmanpaşa University)

  • Özge Korkmaz

    (Bayburt University)

  • Süleyman Serdar Karaca

    (Gaziosmanpaşa University)

Abstract

The aim of this study is to examine the effect of changes inoil prices on turkey’s current account deficit the period of databelongs to 1992:1 to 2015:12. In this context, monthly brent oilprices and turkey’s monthly current account deficit data havebeen analysed with arch-garch models. According to the resultsobtained from this model has been shown to have an effecton the current account deficit will reduce oil prices and deficit onthe current account of the structural break has been determinedthat there is no significant effect.keywords: oil prices, current

Suggested Citation

  • Selim Güngör & Lütfiye Sönmez & Özge Korkmaz & Süleyman Serdar Karaca, 2016. "The Effects of Changes in Oil Prices on Turkey’s Current Account Deficit," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 31(106), pages 29-48, October.
    • Handle: RePEc:acc:malfin:v:31:y:2016:i:106:p:29-48
    DOI: https://doi.org/10.33203/mfy.312266
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    References listed on IDEAS

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