EN
Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model
Abstract
This paper assesses the relationship among oil prices, real output growth and employment in Turkey over the period 2000:1-2012:4 by using vector error correction methodology. Empirical findings indicate a long-run relationship among the variables. Besides, short-run causality results based on vector error correction model provide an evidence of bi-directional causality linkage between oil prices and output, where uni-directional causality from oil prices and output to employment is established. The long-run causality analysis on the other hand shows that (i) the oil prices and real output do not cause employment, (ii) employment and real output do not cause oil prices, and however (iii) the oil price and employment cause output.
Keywords
Ayrıntılar
Birincil Dil
İngilizce
Konular
-
Bölüm
-
Yayımlanma Tarihi
1 Aralık 2013
Gönderilme Tarihi
1 Aralık 2013
Kabul Tarihi
-
Yayımlandığı Sayı
Yıl 2013 Cilt: 3 Sayı: 4
APA
Altay, B., Topcu, M., & Erdogan, E. (2013). Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model. International Journal of Energy Economics and Policy, 3(4), 7-13. https://izlik.org/JA27AA36AT
AMA
1.Altay B, Topcu M, Erdogan E. Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model. IJEEP. 2013;3(4):7-13. https://izlik.org/JA27AA36AT
Chicago
Altay, Bulent, Mert Topcu, ve Ebru Erdogan. 2013. “Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model”. International Journal of Energy Economics and Policy 3 (4): 7-13. https://izlik.org/JA27AA36AT.
EndNote
Altay B, Topcu M, Erdogan E (01 Aralık 2013) Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model. International Journal of Energy Economics and Policy 3 4 7–13.
IEEE
[1]B. Altay, M. Topcu, ve E. Erdogan, “Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model”, IJEEP, c. 3, sy 4, ss. 7–13, Ara. 2013, [çevrimiçi]. Erişim adresi: https://izlik.org/JA27AA36AT
ISNAD
Altay, Bulent - Topcu, Mert - Erdogan, Ebru. “Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model”. International Journal of Energy Economics and Policy 3/4 (01 Aralık 2013): 7-13. https://izlik.org/JA27AA36AT.
JAMA
1.Altay B, Topcu M, Erdogan E. Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model. IJEEP. 2013;3:7–13.
MLA
Altay, Bulent, vd. “Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model”. International Journal of Energy Economics and Policy, c. 3, sy 4, Aralık 2013, ss. 7-13, https://izlik.org/JA27AA36AT.
Vancouver
1.Bulent Altay, Mert Topcu, Ebru Erdogan. Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model. IJEEP [Internet]. 01 Aralık 2013;3(4):7-13. Erişim adresi: https://izlik.org/JA27AA36AT