Oil price, output and employment in Turkey: Evidence from vector error correction model

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dc.contributor.author Altay, Bülent
dc.contributor.author Topcu, Mert
dc.contributor.author Erdoğan, Ebru
dc.date.accessioned 2021-07-06T09:10:49Z
dc.date.available 2021-07-06T09:10:49Z
dc.date.issued 2013
dc.identifier.citation Altay, B., Topcu, M., Erdoğan, E. (2013). Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model. International Journal of Energy Economics and Policy. 3, 7-13. tr_TR
dc.identifier.uri http://hdl.handle.net/20.500.11787/3609
dc.description.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. tr_TR
dc.language.iso eng tr_TR
dc.publisher EconJournals tr_TR
dc.rights info:eu-repo/semantics/openAccess tr_TR
dc.subject Turkish economy tr_TR
dc.subject Oil price tr_TR
dc.subject Output tr_TR
dc.subject Employment tr_TR
dc.title Oil price, output and employment in Turkey: Evidence from vector error correction model tr_TR
dc.type article tr_TR
dc.relation.journal International Journal of Energy Economics and Policy tr_TR
dc.contributor.department Nevşehir Hacı Bektaş Veli Üniversitesi/iktisadi ve idari bilimler fakültesi/iktisat bölümü/iktisat teorisi anabilim dalı tr_TR
dc.contributor.authorID 39243 tr_TR
dc.identifier.volume 3 tr_TR
dc.identifier.issue - tr_TR
dc.identifier.startpage 7 tr_TR
dc.identifier.endpage 13 tr_TR


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