PETROL FİYATLARI İLE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİNİN İNCELENMESİ: FOURİER YAKLAŞIMI

Abstract

Bu çalışmada, Türkiye’de ekonomik büyüme ile petrol fiyatları arasındaki uzun dönemli ilişkinin varlığı 1990-2016 arası aylık verilerle test edilmiştir. Bu amaçla öncelikle değişkenlerin durağanlığı Fourier durağanlık testiyle sınanmış, fark durağan bulunan değişkenlerin arasındaki uzun dönemli ilişkinin varlığını sınamak için ise Fourier eşbütünleşme testi kullanılmıştır. Elde edilen sonuçlar, Türkiye’de ekonomik büyüme ile petrol fiyatları arasında uzun dönemli bir ilişki olmadığını ortaya koymaktadır.

Keywords

• Fourier durağanlık,Fourier eşbütünleşme,Petrol fiyatları,Ekonomik büyüme

Analysing the relationship between oil prices and economic growth: A fourier approach

Abstract

In this study, the existence of a long-term relationship between economic growth and oil prices is tested for Turkey over the period 1990-2016 using monthly data. For this purpose, the stationarity of the variables tested by the Fourier stationarity test, and the Fourier cointegration test used to test the existence of a long-run relationship between the variables since both the variables found to be stationary at the first differences. The results show that there is no long-run relationship between economic growth and oil prices in Turkey.

Keywords

• Fourier stationarity,Fourier cointegration,oil prices,economic growth

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