EN
Determining the Functional Form of Relationships betweenOil Prices and Macroeconomic Variables: The Case of Mexico,Indonesia, South Korea, Turkey Countries
Abstract
The aim of this study is to investigate that how economic conditions change when crude oil shocks occured in 1980-2013 for MIST countries. Another objective of the study is to determine accurately the functional forms of the relationships between oil prices and macroeconomic variables. For this aim, the relationships between crude oil price and macroeconomic variables were estimated by using Additive Model being a nonparametric model. In order to make comparisons, estimation results of the OLS model being parametric were also given. The F test statistics showed that relationships between crude oil price and macroeconomic variables were explained by nonparametric models better than parametric models. Teraesvirta Neural Network test (1993) shows also that oil price shocks can cause to be symmetric effects on macroeconomic variables while asymmetric effects on some macroeconomic variables.
Keywords
Details
Primary Language
English
Subjects
Economics
Journal Section
Conference Paper
Publication Date
May 1, 2016
Submission Date
May 1, 2016
Acceptance Date
-
Published in Issue
Year 2016 Volume: 6 Number: 3
APA
Akay, E. C., & Uyar, S. G. K. (2016). Determining the Functional Form of Relationships betweenOil Prices and Macroeconomic Variables: The Case of Mexico,Indonesia, South Korea, Turkey Countries. International Journal of Economics and Financial Issues, 6(3), 880-891. https://izlik.org/JA62XE68EY
AMA
1.Akay EC, Uyar SGK. Determining the Functional Form of Relationships betweenOil Prices and Macroeconomic Variables: The Case of Mexico,Indonesia, South Korea, Turkey Countries. IJEFI. 2016;6(3):880-891. https://izlik.org/JA62XE68EY
Chicago
Akay, Ebru Caglayan, and Sinem Guler Kangalli Uyar. 2016. “Determining the Functional Form of Relationships BetweenOil Prices and Macroeconomic Variables: The Case of Mexico,Indonesia, South Korea, Turkey Countries”. International Journal of Economics and Financial Issues 6 (3): 880-91. https://izlik.org/JA62XE68EY.
EndNote
Akay EC, Uyar SGK (May 1, 2016) Determining the Functional Form of Relationships betweenOil Prices and Macroeconomic Variables: The Case of Mexico,Indonesia, South Korea, Turkey Countries. International Journal of Economics and Financial Issues 6 3 880–891.
IEEE
[1]E. C. Akay and S. G. K. Uyar, “Determining the Functional Form of Relationships betweenOil Prices and Macroeconomic Variables: The Case of Mexico,Indonesia, South Korea, Turkey Countries”, IJEFI, vol. 6, no. 3, pp. 880–891, May 2016, [Online]. Available: https://izlik.org/JA62XE68EY
ISNAD
Akay, Ebru Caglayan - Uyar, Sinem Guler Kangalli. “Determining the Functional Form of Relationships BetweenOil Prices and Macroeconomic Variables: The Case of Mexico,Indonesia, South Korea, Turkey Countries”. International Journal of Economics and Financial Issues 6/3 (May 1, 2016): 880-891. https://izlik.org/JA62XE68EY.
JAMA
1.Akay EC, Uyar SGK. Determining the Functional Form of Relationships betweenOil Prices and Macroeconomic Variables: The Case of Mexico,Indonesia, South Korea, Turkey Countries. IJEFI. 2016;6:880–891.
MLA
Akay, Ebru Caglayan, and Sinem Guler Kangalli Uyar. “Determining the Functional Form of Relationships BetweenOil Prices and Macroeconomic Variables: The Case of Mexico,Indonesia, South Korea, Turkey Countries”. International Journal of Economics and Financial Issues, vol. 6, no. 3, May 2016, pp. 880-91, https://izlik.org/JA62XE68EY.
Vancouver
1.Ebru Caglayan Akay, Sinem Guler Kangalli Uyar. Determining the Functional Form of Relationships betweenOil Prices and Macroeconomic Variables: The Case of Mexico,Indonesia, South Korea, Turkey Countries. IJEFI [Internet]. 2016 May 1;6(3):880-91. Available from: https://izlik.org/JA62XE68EY