Araştırma Makalesi

Examination of The Impact of Exchange Rate and Petroleum Prices On Inflation with The VAR Model: The Case of Turkey

Cilt: 5 Sayı: 3 2 Ağustos 2023
Duygu Çelik *
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Examination of The Impact of Exchange Rate and Petroleum Prices On Inflation with The VAR Model: The Case of Turkey

Öz

In the study, the influence of EXC and OIL on INF was investigated by using the annual data of Turkey between 1995 and 2020. VAR model was preferred in the examination. In accordance with the findings obtained at the end of the examination, there is a strong positive affair amongst the variables and there is a long-period affair amongst the variants. The rate of adjustment towards long-term equilibrium is as fast as 56%. Exchange rate and petroleum prices affect inflation rates in the long run. In addition, while enhancements in the exchange rate alone affect inflation in the short period, enhancements in petroleum prices alone do not affect inflation in the short period. However, when the exchange rate and petroleum price increase together, it also affects inflation in the short period.

Anahtar Kelimeler

Inflation, Petroleum Prices, Exchange Rate, Turkey., Enflasyon, Petrol Fiyatları, Döviz Kuru, Türkiye.

Kaynakça

  1. Al-Qenaie, J. & Al-Shammari, N. (2016). Causes of inflation across main oil exporting countries. Journal of the Faculty of Commerce for Scientific Research, 54(2), 93-116.
  2. Arku, D., Kallah-Dagadu, G., & Klogo, D. K. (2021). The dynamic relationship of crude oil prices on macroeconomic variables in Ghana: a time series analysis approach. arXiv, preprint arXiv:2110.09850, 1-25.
  3. Bawa, S., Abdullahi, I. S., Tukur, D., Barda, S. I., & Adams, Y. J. (2020). Asymmetric impact of oil price on inflation in Nigeria. CBN Journal of Applied Statistics, 11(2), 85-113.
  4. Brown, S. P., Oppedahl, D. B., & Yücel, M. K. (1995). Oil prices and inflation (No. 9510). Federal Reserve Bank of Dallas, Research Department, Working Paper ,95(10), 1-28.
  5. Dünya Bankası: Data Bank. (2022). Erişim Adresi: https://databank.worldbank.org/home.aspx
  6. Dinler, Z. (2014) İktisada Giriş. Ekin Yayınevi, ISBN:978-605-327-055-3, 20. Baskı, Ekim 2014, 458.
  7. Federal Reserve Bank Of St. Louis (Fred). (2022). Erişim Adresi: https://fred.stlouisfed.org/series/DCOILBRENTEU
  8. Friedman, M. (1989). Quantity theory of money. In Money (pp. 1-40). Palgrave Macmillan, London. In The New Palgrave: A Dictionary of Economics, edited by John Eatwell, Murray Milgate, and Peter Newman, 3-20. New York: Stockton Press; and London: Macmillan, 7
  9. Granger, C.W.J., Huang, B., Yang, C.W. (2000). A bivariate causality between stock prices and exchange rates: Evidence from recent Asian flu. The Quarterly Review of Economics and Finance, 40, 337‑354.
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Ayrıntılar

Birincil Dil

İngilizce

Konular

Ekonomi

Bölüm

Araştırma Makalesi

Yazarlar

Erken Görünüm Tarihi

28 Temmuz 2023

Yayımlanma Tarihi

2 Ağustos 2023

Gönderilme Tarihi

12 Aralık 2022

Kabul Tarihi

3 Mayıs 2023

Yayımlandığı Sayı

Yıl 2023 Cilt: 5 Sayı: 3

DOI

https://doi.org/10.47103/bilturk.1218022

IZ

https://izlik.org/JA57NB94TL

Kaynak Göster

RIS / Bibtex
APA
Çelik, D. (2023). Examination of The Impact of Exchange Rate and Petroleum Prices On Inflation with The VAR Model: The Case of Turkey. BİLTÜRK Journal of Economics and Related Studies, 5(3), 154-166. https://doi.org/10.47103/bilturk.1218022
AMA
1.Çelik D. Examination of The Impact of Exchange Rate and Petroleum Prices On Inflation with The VAR Model: The Case of Turkey. BILTURK. 2023;5(3):154-166. doi:10.47103/bilturk.1218022
Chicago
Çelik, Duygu. 2023. “Examination of The Impact of Exchange Rate and Petroleum Prices On Inflation with The VAR Model: The Case of Turkey”. BİLTÜRK Journal of Economics and Related Studies 5 (3): 154-66. https://doi.org/10.47103/bilturk.1218022.
EndNote
Çelik D (01 Ağustos 2023) Examination of The Impact of Exchange Rate and Petroleum Prices On Inflation with The VAR Model: The Case of Turkey. BİLTÜRK Journal of Economics and Related Studies 5 3 154–166.
IEEE
[1]D. Çelik, “Examination of The Impact of Exchange Rate and Petroleum Prices On Inflation with The VAR Model: The Case of Turkey”, BILTURK, c. 5, sy 3, ss. 154–166, Ağu. 2023, doi: 10.47103/bilturk.1218022.
ISNAD
Çelik, Duygu. “Examination of The Impact of Exchange Rate and Petroleum Prices On Inflation with The VAR Model: The Case of Turkey”. BİLTÜRK Journal of Economics and Related Studies 5/3 (01 Ağustos 2023): 154-166. https://doi.org/10.47103/bilturk.1218022.
JAMA
1.Çelik D. Examination of The Impact of Exchange Rate and Petroleum Prices On Inflation with The VAR Model: The Case of Turkey. BILTURK. 2023;5:154–166.
MLA
Çelik, Duygu. “Examination of The Impact of Exchange Rate and Petroleum Prices On Inflation with The VAR Model: The Case of Turkey”. BİLTÜRK Journal of Economics and Related Studies, c. 5, sy 3, Ağustos 2023, ss. 154-66, doi:10.47103/bilturk.1218022.
Vancouver
1.Duygu Çelik. Examination of The Impact of Exchange Rate and Petroleum Prices On Inflation with The VAR Model: The Case of Turkey. BILTURK. 01 Ağustos 2023;5(3):154-66. doi:10.47103/bilturk.1218022

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https://doi.org/10.59445/ijephss.1494368

 

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