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The Effect of Oil Prices Mobility on Basic Macroeconomic IndicatorsAbstract: In this study, it has been aimed to determine the effect of oil prices on basic macroeconomic indicators econometrically by using the monthly data of the Turkish economy of the 2007-2018 period. Johansen Cointegration method has been used to determine the long-term relationship, and FMOLS, DOLS, and CCR methods have been used to calculate the long-term coefficients. According to the empirical results, oil price mobility is cointegrated with the main macroeconomic indicators in the long run, and have a positive effect on the interest rate, inflation, industrial production index, real effective exchange rate and employment and a negative effect on the current account deficit

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  • Murat AYKIRI

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  • Murat AYKIRI, 2020. "The Effect of Oil Prices Mobility on Basic Macroeconomic IndicatorsAbstract: In this study, it has been aimed to determine the effect of oil prices on basic macroeconomic indicators econometrically by," Sosyoekonomi Journal, Sosyoekonomi Society, issue 28(45).
    • Handle: RePEc:sos:sosjrn:200308
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    More about this item

    Keywords

    Oil Prices; Macroeconomic Indicators; Cointegration.;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other

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