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OIL PRICES AND CURRENT ACCOUNT DEFICITS: Analysis OF CAUSALITY in the USA

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  • BILDIRICI, M.E.
  • ALP, E.A.
  • BAKIRTAS, T.

Abstract

In this discussion, the theoretical structure of the great depression and the historical dimension of the crisis were taken into consideration and while we examine the depression within the framework of oil prices and financial crisis, we will use mortgage credit and current account deficits. Depression will be tested with TVAR and Granger Causality analysis.

Suggested Citation

  • Bildirici, M.E. & Alp, E.A. & Bakirtas, T., 2010. "OIL PRICES AND CURRENT ACCOUNT DEFICITS: Analysis OF CAUSALITY in the USA," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 10(1).
  • Handle: RePEc:eaa:aeinde:v:10:y:2010:i:1_9
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    More about this item

    Keywords

    Threshold VAR; Granger Causality; Financial Crisis; Depression; Oil Prices;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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