Testing Causal Relationship Between Energy Costs and Transport Service Prices:Evidence from Turkey

Yıl 2019, Cilt: 16 Sayı: 2, 82 - 86, 31.12.2019

Cem Saatçioğlu Akmyrat Amanov

Öz

Price stability is one of the main objectives of policy authorities for the health of the economy. The course of transportation services prices after the change in energy prices is a matter of concern for economists. In this study, the relationship between energy costs and transport service prices in Turkey's economy for a sample period of 2003M01-2019M03 is examined. The Johansen cointegration test is used to show long-run relationships between variables. According to findings; there is a one-way causality relationship from energy prices to the price of transport service as expected. It is seen thata 1% increase in energy prices leads to a 4.65% increase in transportation services prices.

Anahtar Kelimeler

Transportation Services Prices, Johansen Cointegration Test, Energy Costs

Kaynakça

• Johansen, S. (1988). Statistical analysis of cointegration vectors.Journal of economic dynamics and control,12(2-3), 231-254.
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