Effects of Oil and Natural Gas Prices on Industrial Production In the Eurozone Member Countries

Volume: 4 Number: 2 June 1, 2014
  • Yılmaz Bayar
  • Cuneyt Kılıc
EN

Effects of Oil and Natural Gas Prices on Industrial Production In the Eurozone Member Countries

Abstract

Industrial production is one of the leading indicators of gross domestic product which reflects the overall economic performance of a country. In other words decreases or increases in industrial production point out a contracting or expanding economy. Therefore, changes in prices of oil and natural gas which are the crucial inputs to the industrial production are also important for the overall economy. This study examines the effects of changes in oil and natural gas prices on the industrial production in the 18 Eurozone member countries during the period January 2001-September 2013 by using panel regression. We found that oil prices and natural gas prices had negative effect on industrial production in the Eurozone member countries.

Keywords

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Yılmaz Bayar This is me

Cuneyt Kılıc This is me

Publication Date

June 1, 2014

Submission Date

June 1, 2014

Acceptance Date

-

Published in Issue

Year 2014 Volume: 4 Number: 2

APA
Bayar, Y., & Kılıc, C. (2014). Effects of Oil and Natural Gas Prices on Industrial Production In the Eurozone Member Countries. International Journal of Energy Economics and Policy, 4(2), 238-247. https://izlik.org/JA66TM25JG
AMA
1.Bayar Y, Kılıc C. Effects of Oil and Natural Gas Prices on Industrial Production In the Eurozone Member Countries. IJEEP. 2014;4(2):238-247. https://izlik.org/JA66TM25JG
Chicago
Bayar, Yılmaz, and Cuneyt Kılıc. 2014. “Effects of Oil and Natural Gas Prices on Industrial Production In the Eurozone Member Countries”. International Journal of Energy Economics and Policy 4 (2): 238-47. https://izlik.org/JA66TM25JG.
EndNote
Bayar Y, Kılıc C (June 1, 2014) Effects of Oil and Natural Gas Prices on Industrial Production In the Eurozone Member Countries. International Journal of Energy Economics and Policy 4 2 238–247.
IEEE
[1]Y. Bayar and C. Kılıc, “Effects of Oil and Natural Gas Prices on Industrial Production In the Eurozone Member Countries”, IJEEP, vol. 4, no. 2, pp. 238–247, June 2014, [Online]. Available: https://izlik.org/JA66TM25JG
ISNAD
Bayar, Yılmaz - Kılıc, Cuneyt. “Effects of Oil and Natural Gas Prices on Industrial Production In the Eurozone Member Countries”. International Journal of Energy Economics and Policy 4/2 (June 1, 2014): 238-247. https://izlik.org/JA66TM25JG.
JAMA
1.Bayar Y, Kılıc C. Effects of Oil and Natural Gas Prices on Industrial Production In the Eurozone Member Countries. IJEEP. 2014;4:238–247.
MLA
Bayar, Yılmaz, and Cuneyt Kılıc. “Effects of Oil and Natural Gas Prices on Industrial Production In the Eurozone Member Countries”. International Journal of Energy Economics and Policy, vol. 4, no. 2, June 2014, pp. 238-47, https://izlik.org/JA66TM25JG.
Vancouver
1.Yılmaz Bayar, Cuneyt Kılıc. Effects of Oil and Natural Gas Prices on Industrial Production In the Eurozone Member Countries. IJEEP [Internet]. 2014 Jun. 1;4(2):238-47. Available from: https://izlik.org/JA66TM25JG