Please use this identifier to cite or link to this item:
https://hdl.handle.net/11499/27997
Title: | Determining the functional form of relationships between oil prices and macroeconomic variables: The Case of MIST Countries | Authors: | Çağlayan Akay, Ebru Kangallı Uyar, Sinem Guler |
Keywords: | Crude Oil Price Macroeconomic Variables Partial Response Functions |
Publisher: | International Journal of Economics and Financial Issues | Abstract: | The aim of this study is to investigate that how economic conditions change when crude oil shocks occured in 1980-2013 for Mexico, Indonesia, South Korea, Turkey (MIST) countries. Another objective of the study is to determine accurately the functional forms of the relationships between oil prices and macroeconomic variables. For this aim, the relationships between crude oil price and macroeconomic variables were estimated by using additive model being a non-parametric model. In order to make comparisons, estimation results of the ordinary least squares model being parametric were also given. The F-test statistics showed that relationships between crude oil price and macroeconomic variables were explained by non-parametric models better than parametric models. Teraesvirta et al. Neural Network test (1993) shows also that oil price shocks can cause to be symmetric effects on macroeconomic variables while asymmetric effects on some macroeconomic variables. | URI: | https://hdl.handle.net/11499/27997 |
Appears in Collections: | İktisadi ve İdari Bilimler Fakültesi Koleksiyonu Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
1-b1-makale 2016.pdf | 636.56 kB | Adobe PDF | View/Open |
CORE Recommender
SCOPUSTM
Citations
5
checked on Dec 14, 2024
Page view(s)
70
checked on Aug 24, 2024
Download(s)
22
checked on Aug 24, 2024
Google ScholarTM
Check
Items in GCRIS Repository are protected by copyright, with all rights reserved, unless otherwise indicated.