Year 2019, Volume 4, Issue 1, Pages 1 - 11 2019-06-30

The impact of oil price on the exchange rates: A panel analysis for Selected Oil Exporter Countries
Petrol Fiyatları ve Döviz Kuru İlişkisi: Seçilmiş Petrol İhracatçısı Ülkeleri için Panel Veri Analizi

Sabit BAİMAGANBETOV [1] , Zhanture Zhetibayev [2] , Elvira ALİMKULOVA [3] , Ulmeken MAKHANBETOVA [4]

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Changes in oil prices can affect macroeconomic variables of both oil exporters and oil importing countries. While the rise in oil prices is Good news for Oil-exporting countries, it is bad news for oil-importing countries. The study selected 10 countries from oil-exporting developing countries. The impact of Brent crude oil prices on the exchange rate using the monthly data of these countries 2003-2017 is investigated using the panel Co-Integration test of the Westerlund (2007). Empirical findings that improvements in oil prices affect the real exchange rate of oil-exporting developing countries.

Petrol fiyatlarında meydana gelen değişimler hem petrol ihracatçısı hem petrol ithalatçısı ülkelerinin makroekonomik değişkenleri üzerinde etkili olabilmektedir. Petrol fiyatlarındaki artış (azalış) petrol ihracatçısı ülkeler için iyi (kötü) haber iken, petrol ithlatçısı ülkeler için kötü haberdir. Bu çalışmada gelişmekte olan petrol ihracatçısı ülkelerin arasından 10 ülke seçilmektedir. Bu ülkelerin 2003-2017 aylık verileri kullanılarak Brent tipi ham petrol fiyatlarının döviz kuru üzerindeki etkileri Westerlund (2007) panel eşbütünleşme testi yardımı ile araştırılmaktadır. Elde edilen ampirik bulgulara petrol fiyatlarındaki gelişmelerin gelişmekte olan petrol ihracatçısı ülkelerin reel döviz kuru üzerinde etkili olduğunu göstermektedir.

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Primary Language tr
Subjects Management
Journal Section Original Articles
Authors

Orcid: 0000-0003-2099-5562
Author: Sabit BAİMAGANBETOV
Institution: HOCA AHMET YESEVİ ULUSLARARASI TÜRK-KAZAK ÜNİVERSİTESİ
Country: Kazakhstan


Author: Zhanture Zhetibayev (Primary Author)
Country: Kazakhstan


Orcid: 0000-0001-7428-4729
Author: Elvira ALİMKULOVA
Institution: HOCA AHMET YESEVİ ULUSLARARASI TÜRK-KAZAK ÜNİVERSİTESİ

Orcid: 0000-0001-5172-0380
Author: Ulmeken MAKHANBETOVA
Institution: HOCA AHMET YESEVİ ULUSLARARASI TÜRK-KAZAK ÜNİVERSİTESİ

Dates

Publication Date: June 30, 2019

APA BAİMAGANBETOV, S , Zhetibayev, Z , ALİMKULOVA, E , MAKHANBETOVA, U . (2019). Petrol Fiyatları ve Döviz Kuru İlişkisi: Seçilmiş Petrol İhracatçısı Ülkeleri için Panel Veri Analizi. Bulletin of Economic Theory and Analysis, 4 (1), 1-11. DOI: 10.25229/beta.420438