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Ham Petrol İthalatı ve Ekonomik Büyüme: Türkiye
[Crude Oil Import and Economic Growth: Turkey]

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  • Ugurlu, Erginbay
  • Ünsal, Aydın

Abstract

The relationship between crude oil import economic growth of Turkey is the main concern of this paper. Economic growth performance of Turkey depends on imported capital goods as well as oil. Oil price increases bring a heavy burden for Turkish economy since Turkey is an oil-importing developing economy. We aim to examine the effects of imported oil fluctuations on Turkey’s economic growth using vector autoregression (VAR) model in this paper. Annual data set for the period of 1971-2007 is used in this study. In order to capture the net effects of imported oil price on Turkey’s economic growth.

Suggested Citation

  • Ugurlu, Erginbay & Ünsal, Aydın, 2009. "Ham Petrol İthalatı ve Ekonomik Büyüme: Türkiye [Crude Oil Import and Economic Growth: Turkey]," MPRA Paper 69923, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:69923
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    File URL: https://mpra.ub.uni-muenchen.de/69923/1/MPRA_paper_69923.pdf
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    References listed on IDEAS

    as
    1. Altinay, Galip, 2007. "Short-run and long-run elasticities of import demand for crude oil in Turkey," Energy Policy, Elsevier, vol. 35(11), pages 5829-5835, November.
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    Cited by:

    1. Suleyman ACIKALIN & Erginbay UGURLU, 2014. "Oil Price Fluctuations and Trade Balance of Turkey," International Conference on Economic Sciences and Business Administration, Spiru Haret University, vol. 1(1), pages 6-13, December.

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    More about this item

    Keywords

    Crude Oil Import; Economic Growth; Cointegration;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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