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The Impact of Oil Prices on ISE Indices

Author

Listed:
  • Hasan Huseyin Yildirim

    (Burhaniye School of Applied Sciences, Balikesir University, Balikesir, Turkey)

  • Sakir Sakarya

    (Faculty of Economics and Administrative Science, Balikesir University, Balikesir, Turkey)

Abstract

Changes in oil prices, which is one of the major inputs of industrial production has been identified in some surveys as having a significant impact on shares of industrial companies' prices. On the other hand, in the direction of stock prices reacting to changes in oil prices are also a widespread belief. From this point forth, the main aim of this chapter is to research the long-term relationship between oil-prices and ISE 100, ISE Electricity, ISE Industrials, ISE Chemical, Petroleum and plastic index. In this study, Granger cointegration analyzes, and Granger causality test will be applied to determine the relationship of time series.

Suggested Citation

  • Hasan Huseyin Yildirim & Sakir Sakarya, 2017. "The Impact of Oil Prices on ISE Indices," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 3(3), pages 17-31, September.
    • Handle: RePEc:mgs:ijoied:v:3:y:2017:i:3:p:17-31
    DOI: 10.18775/ijied.1849-7551-7020.2015.33.2002
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    More about this item

    Keywords

    Oil Prices; Stock Prices; Stock Index; Cointegration; Causality;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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