IDEAS home Printed from https://ideas.repec.org/a/spt/admaec/v5y2015i4f5_4_7.html
   My bibliography  Save this article

Oil Price, Exhange Rate and Economic Growth in Russia: A Multiple Structural Break Approach

Author

Listed:
  • Fatih Kaplan

Abstract

This study aims to investigate the relation between oil prices, exchange rate and economic growth in Russia from a multiple structural break approach. For this reason, quarterly series have been used for the period 1995:q1-2014:q3. In the study, first of all, the series have been subject to multiple structural break unit root test and multiple structural break cointegration test, and the effect of oil prices and exchange rate on economic growth has been estimated with dynamic least squares method. Two significant findings have been identified as a result. First of all, it has been observed that there are structural breaks in the series, and despite this, series move together in the long run. Secondly, it has been observed that increasing oil prices are an important factor for economic growth and that depreciation of rouble against dollar will have a limited effect on economic growth in the long run.

Suggested Citation

  • Fatih Kaplan, 2015. "Oil Price, Exhange Rate and Economic Growth in Russia: A Multiple Structural Break Approach," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 5(4), pages 1-7.
  • Handle: RePEc:spt:admaec:v:5:y:2015:i:4:f:5_4_7
    as

    Download full text from publisher

    File URL: http://www.scienpress.com/Upload/AMAE%2fVol%205_4_7.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:ris:apltrx:0353 is not listed on IDEAS

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spt:admaec:v:5:y:2015:i:4:f:5_4_7. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Eleftherios Spyromitros-Xioufis). General contact details of provider: http://www.scienpress.com/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.