Testing Causal Relationship Between Energy Costs and Transport Service Prices:Evidence from Turkey
Abstract
Price stability is one of the main objectives of policy authorities for the health of the economy. The course of transportation services prices after the change in energy prices is a matter of concern for economists. In this study, the relationship between energy costs and transport service prices in Turkey's economy for a sample period of 2003M01-2019M03 is examined. The Johansen cointegration test is used to show long-run relationships between variables. According to findings; there is a one-way causality relationship from energy prices to the price of transport service as expected. It is seen thata 1% increase in energy prices leads to a 4.65% increase in transportation services prices.
Keywords
References
- Johansen, S. (1988). Statistical analysis of cointegration vectors.Journal of economic dynamics and control,12(2-3), 231-254.
- Johansen, S. (1995). Identifying restrictions of linear equations with applications to simultaneous equations and cointegration. Journal of Econometrics,69(1), 111-132.
- Orhon, F. (1983). Ulaştırma İşletmelerinde Maliyet Muhasebesi (İlkeler ve Türkiye'deki Uygulama), İstanbul: Eko - Bil Ekonomik ve Bilimsel Yayınlar Ltd. Şti. Yayın No: 7.
- Saatçioğlu, C. (2016). Ulaştırma Ekonomisi Sistemler-Politikalar-Uygulamalar. Sümer Kitabevi, Istanbul.
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Details
Primary Language
English
Subjects
-
Journal Section
Research Article
Publication Date
December 31, 2019
Submission Date
October 31, 2019
Acceptance Date
November 30, 2019
Published in Issue
Year 2019 Volume: 16 Number: 2
APA
Saatçioğlu, C., & Amanov, A. (2019). Testing Causal Relationship Between Energy Costs and Transport Service Prices:Evidence from Turkey. Çağ Üniversitesi Sosyal Bilimler Dergisi, 16(2), 82-86. https://izlik.org/JA85HY32RS
AMA
1.Saatçioğlu C, Amanov A. Testing Causal Relationship Between Energy Costs and Transport Service Prices:Evidence from Turkey. Çağ Üniversitesi Sosyal Bilimler Dergisi. 2019;16(2):82-86. https://izlik.org/JA85HY32RS
Chicago
Saatçioğlu, Cem, and Akmyrat Amanov. 2019. “Testing Causal Relationship Between Energy Costs and Transport Service Prices:Evidence from Turkey”. Çağ Üniversitesi Sosyal Bilimler Dergisi 16 (2): 82-86. https://izlik.org/JA85HY32RS.
EndNote
Saatçioğlu C, Amanov A (December 1, 2019) Testing Causal Relationship Between Energy Costs and Transport Service Prices:Evidence from Turkey. Çağ Üniversitesi Sosyal Bilimler Dergisi 16 2 82–86.
IEEE
[1]C. Saatçioğlu and A. Amanov, “Testing Causal Relationship Between Energy Costs and Transport Service Prices:Evidence from Turkey”, Çağ Üniversitesi Sosyal Bilimler Dergisi, vol. 16, no. 2, pp. 82–86, Dec. 2019, [Online]. Available: https://izlik.org/JA85HY32RS
ISNAD
Saatçioğlu, Cem - Amanov, Akmyrat. “Testing Causal Relationship Between Energy Costs and Transport Service Prices:Evidence from Turkey”. Çağ Üniversitesi Sosyal Bilimler Dergisi 16/2 (December 1, 2019): 82-86. https://izlik.org/JA85HY32RS.
JAMA
1.Saatçioğlu C, Amanov A. Testing Causal Relationship Between Energy Costs and Transport Service Prices:Evidence from Turkey. Çağ Üniversitesi Sosyal Bilimler Dergisi. 2019;16:82–86.
MLA
Saatçioğlu, Cem, and Akmyrat Amanov. “Testing Causal Relationship Between Energy Costs and Transport Service Prices:Evidence from Turkey”. Çağ Üniversitesi Sosyal Bilimler Dergisi, vol. 16, no. 2, Dec. 2019, pp. 82-86, https://izlik.org/JA85HY32RS.
Vancouver
1.Cem Saatçioğlu, Akmyrat Amanov. Testing Causal Relationship Between Energy Costs and Transport Service Prices:Evidence from Turkey. Çağ Üniversitesi Sosyal Bilimler Dergisi [Internet]. 2019 Dec. 1;16(2):82-6. Available from: https://izlik.org/JA85HY32RS