Seçilmiş Makroekonomik Değişkenler İle Havayolu Hisse Senetleri Arasındaki İlişki: Hatemi-J Asimetrik Nedensellik Testi

Ebru Kaya

Research Article

RELATIONSHIP BETWEEN SELECTED MACROECONOMIC VARIABLES AND AIRLINE STOCK CERTIFICATES: HATEMI-J ASYMMETRIC CAUSALITY TEST

Year 2021, Volume: 2 Issue: 1, 61 - 78, 30.04.2021

Ebru Kaya

Abstract

The main objective of this study is to empirically analyze the causality relationship between gold prices, exchange rates and oil prices and airline stocks. Daily data between April 26, 2013 and February 03, 2021 were used in the study. Within the framework of the study, Hatemi-J, Causality analysis was employed. Empirical analysis results indicate the existence of a significant causality relationship from selected macroeconomic variables to stock prices and from stock prices to selected macroeconomic variables.

Keywords

Civil Aviation, THY, PEGASUS, Hatemi-J, Nedensellik Testi

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