Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/7175
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dc.contributor.authorÖzlale, Ümit-
dc.contributor.authorPekkurnaz, Didem-
dc.date.accessioned2021-09-11T15:55:52Z-
dc.date.available2021-09-11T15:55:52Z-
dc.date.issued2010en_US
dc.identifier.issn0301-4215-
dc.identifier.issn1873-6777-
dc.identifier.urihttps://doi.org/10.1016/j.enpol.2010.03.082-
dc.identifier.urihttps://hdl.handle.net/20.500.11851/7175-
dc.description.abstractAlthough there has been an increasing number of studies about the effects of oil prices on the macroeconomic performances, the literature on the interaction between oil prices and current account is limited, especially for oil importing developing countries. This paper analyzes the impact of oil prices on the current account balances for the Turkish economy using a structural vector autoregression model. Our model allows us to identify the net effect of oil prices on current account balances after controlling for other factors such as output gap and exchange rate misalignment. The results show that the response of current account ratio to oil price shock increases gradually up to the first three months and then starts to decrease, which indicates a significant effect of oil price shocks in the short-run. Moreover, when the obtained structural shocks are employed in a simple regression analysis, the parameter regarding the oil price shocks is found to be negative and statistically significant. The final section discusses the policy implications of the results. (C) 2010 Published by Elsevier Ltd.en_US
dc.language.isoenen_US
dc.publisherElsevier Sci Ltden_US
dc.relation.ispartofEnergy Policyen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectOil pricesen_US
dc.subjectCurrent account balancesen_US
dc.subjectTurkish economyen_US
dc.titleOil prices and current account: A structural analysis for the Turkish economyen_US
dc.typeArticleen_US
dc.departmentFaculties, Faculty of Economics and Administrative Sciences, Department of International Entrepreneurshipen_US
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, Uluslararası Girişimcilik Bölümütr_TR
dc.identifier.volume38en_US
dc.identifier.issue8en_US
dc.identifier.startpage4489en_US
dc.identifier.endpage4496en_US
dc.identifier.wosWOS:000279117500064en_US
dc.identifier.scopus2-s2.0-77952846385en_US
dc.institutionauthorÖzlale, Ümit-
dc.identifier.doi10.1016/j.enpol.2010.03.082-
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.identifier.scopusqualityQ1-
item.fulltextNo Fulltext-
item.grantfulltextnone-
item.openairetypeArticle-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.languageiso639-1en-
item.cerifentitytypePublications-
crisitem.author.dept04.02. Department of International Entrepreneurship-
Appears in Collections:Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
Uluslararası Girişimcilik Bölümü / Department of International Entrepreneurship
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection
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