{"title":"探讨土耳其石油价格与经济增长之间的关系","authors":"Abdulmecit Yildirim, Gökhan Konat","doi":"10.33399/biibfad.1295409","DOIUrl":null,"url":null,"abstract":"This study investigates the existence of a long-run relationship between economic growth and oil prices in Türkiye using annual data for the period 1987-2019. First, the stationarity of the variables is evaluated using the Residual Augmented Least Squares (RALS) based ADF unit root test. Second, the RALS-based cointegration test is used to investigate the long-run relationship between the variables. The findings indicate that there is no long-run relationship between economic growth and oil prices in Türkiye. As a result, it is concluded that the series does not return to equilibrium in the long run and oil price shocks during the financial turmoil may affect economic growth.","PeriodicalId":504158,"journal":{"name":"Bingöl Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi","volume":"88 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2023-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Exploring the Relationship Between Oil Prices and Economic Growth in Türkiye\",\"authors\":\"Abdulmecit Yildirim, Gökhan Konat\",\"doi\":\"10.33399/biibfad.1295409\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study investigates the existence of a long-run relationship between economic growth and oil prices in Türkiye using annual data for the period 1987-2019. First, the stationarity of the variables is evaluated using the Residual Augmented Least Squares (RALS) based ADF unit root test. Second, the RALS-based cointegration test is used to investigate the long-run relationship between the variables. The findings indicate that there is no long-run relationship between economic growth and oil prices in Türkiye. As a result, it is concluded that the series does not return to equilibrium in the long run and oil price shocks during the financial turmoil may affect economic growth.\",\"PeriodicalId\":504158,\"journal\":{\"name\":\"Bingöl Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi\",\"volume\":\"88 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2023-10-26\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Bingöl Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.33399/biibfad.1295409\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Bingöl Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.33399/biibfad.1295409","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Exploring the Relationship Between Oil Prices and Economic Growth in Türkiye
This study investigates the existence of a long-run relationship between economic growth and oil prices in Türkiye using annual data for the period 1987-2019. First, the stationarity of the variables is evaluated using the Residual Augmented Least Squares (RALS) based ADF unit root test. Second, the RALS-based cointegration test is used to investigate the long-run relationship between the variables. The findings indicate that there is no long-run relationship between economic growth and oil prices in Türkiye. As a result, it is concluded that the series does not return to equilibrium in the long run and oil price shocks during the financial turmoil may affect economic growth.