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Re-examining of the Turkish Crude Oil Import Demand with Multi-structural Breaks Analysis in the Long Run Period

Year 2015, Volume: 5 Issue: 2, 402 - 407, 01.06.2015

Sevda Yapraklı Fatih Kaplan

Abstract

This study examines the Turkish crude oil import demand for the period of 1970-2013. Unlike earlier studies on Turkey, we tested the income and price elasticities of crude oil demand with structual breaks. In emprical analysis, the income and the price of crude oil used as a function of crude oil import demand. We employed Carrion-i-Silvestre et al. (2009) test for testing unit root, Maki (2012) cointegration test employed for testing for the existence of relationships. DOLS estimation employed for the estimating the long-run income and price elasticities. The empirical results show that the partial elasticities of crude oil import demand; income is (0.18) and crude oil is (-0.25). In the light of these results, it is said that income and price elasticities of demand for crude oil import in the long-run are inelastic. Furthermore, we used dummy varibale for testing internal and external crisses affetct. We conlcuded that the external crises had major impact on import oil demand on the contrary to internal crises in the long run.

Keywords

Income elasticity Price elasticicy Structual Breaks

Year 2015, Volume: 5 Issue: 2, 402 - 407, 01.06.2015

Sevda Yapraklı Fatih Kaplan

Abstract

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Details

Other ID JA35PR48ZZ
Journal Section Research Article
Authors

Sevda Yapraklı This is me

Fatih Kaplan This is me

Publication Date June 1, 2015
Published in Issue Year 2015 Volume: 5 Issue: 2

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APA Yapraklı, S., & Kaplan, F. (2015). Re-examining of the Turkish Crude Oil Import Demand with Multi-structural Breaks Analysis in the Long Run Period. International Journal of Energy Economics and Policy, 5(2), 402-407.
AMA Yapraklı S, Kaplan F. Re-examining of the Turkish Crude Oil Import Demand with Multi-structural Breaks Analysis in the Long Run Period. IJEEP. June 2015;5(2):402-407.
Chicago Yapraklı, Sevda, and Fatih Kaplan. “Re-Examining of the Turkish Crude Oil Import Demand with Multi-Structural Breaks Analysis in the Long Run Period”. International Journal of Energy Economics and Policy 5, no. 2 (June 2015): 402-7.
EndNote Yapraklı S, Kaplan F (June 1, 2015) Re-examining of the Turkish Crude Oil Import Demand with Multi-structural Breaks Analysis in the Long Run Period. International Journal of Energy Economics and Policy 5 2 402–407.
IEEE S. Yapraklı and F. Kaplan, “Re-examining of the Turkish Crude Oil Import Demand with Multi-structural Breaks Analysis in the Long Run Period”, IJEEP, vol. 5, no. 2, pp. 402–407, 2015.
ISNAD Yapraklı, Sevda - Kaplan, Fatih. “Re-Examining of the Turkish Crude Oil Import Demand with Multi-Structural Breaks Analysis in the Long Run Period”. International Journal of Energy Economics and Policy 5/2 (June 2015), 402-407.
JAMA Yapraklı S, Kaplan F. Re-examining of the Turkish Crude Oil Import Demand with Multi-structural Breaks Analysis in the Long Run Period. IJEEP. 2015;5:402–407.
MLA Yapraklı, Sevda and Fatih Kaplan. “Re-Examining of the Turkish Crude Oil Import Demand with Multi-Structural Breaks Analysis in the Long Run Period”. International Journal of Energy Economics and Policy, vol. 5, no. 2, 2015, pp. 402-7.
Vancouver Yapraklı S, Kaplan F. Re-examining of the Turkish Crude Oil Import Demand with Multi-structural Breaks Analysis in the Long Run Period. IJEEP. 2015;5(2):402-7.