BibTex RIS Kaynak Göster

Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model

Yıl 2013, Cilt: 3 Sayı: 4, 7 - 13, 01.12.2013

Bulent Altay Mert Topcu Ebru Erdogan

Öz

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.

Anahtar Kelimeler

Oil price output employment Turkish economy

Yıl 2013, Cilt: 3 Sayı: 4, 7 - 13, 01.12.2013

Bulent Altay Mert Topcu Ebru Erdogan

Öz

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Ayrıntılar

Diğer ID JA73RK28AM
Bölüm Araştırma Makalesi
Yazarlar

Bulent Altay Bu kişi benim

Mert Topcu Bu kişi benim

Ebru Erdogan Bu kişi benim

Yayımlanma Tarihi 1 Aralık 2013
Yayımlandığı Sayı Yıl 2013 Cilt: 3 Sayı: 4

Kaynak Göster

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.
AMA Altay B, Topcu M, Erdogan E. Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model. IJEEP. Aralık 2013;3(4):7-13.
Chicago Altay, Bulent, Mert Topcu, ve Ebru Erdogan. “Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model”. International Journal of Energy Economics and Policy 3, sy. 4 (Aralık 2013): 7-13.
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 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, 2013.
ISNAD Altay, Bulent vd. “Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model”. International Journal of Energy Economics and Policy 3/4 (Aralık 2013), 7-13.
JAMA 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, 2013, ss. 7-13.
Vancouver 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.