PETROLEUM PRICES, FOOD PRICES AND INFLATION RELATIONSHIP: FINDINGS OF STRUCTURAL VAR ANALYSIS

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dc.contributor.authorAlper, Fındık Özlem
dc.date.accessioned2024-11-07T13:19:35Z
dc.date.available2024-11-07T13:19:35Z
dc.date.issued2018
dc.departmentNiğde Ömer Halisdemir Üniversitesi
dc.description.abstractVolatility and movements of some economic variables are closelymonitored by policy-makers since they have significant impacts on themain macroeconomic variables. Even though changes in prices of manycommodities are closely monitored, global petroleum and food prices havea special place since they affect the entire economy. Petroleum and foodprices are often disputable subjects, especially in emerging economies,because they are closely related to development processes and haveinelastic demand structures. In this regard, petroleum and food prices,among other commodity prices, are the main sources of the pressure onconsumer prices in Turkey. Therefore, the impacts of petroleum and foodprices on consumer prices are examined using monthly data betweenJanuary 2007 and December 2017 by structural vector autoregression(SVAR) method in this study. Shocks that occur due to reasons such aschanges in policy implementations, economic crises, and price increasescannot be fully described by a certain variable in the VAR approach.Therefore, the impact of shocks can be determined incorrectly orincompletely in VAR method. To solve these problems, constraints fordetecting the impacts of external shocks are imposed. These constraintsare placed by the theory of economics.According to analysis results, bothfood and petroleum price shocks lead to domestic inflation in Turkey.However, while the inflation-boosting effect of a price shock in petroleumprices ceases to exist at the end of the sixth month, the inflation-boostingeffect of a price shock in food prices is higher and it continues to riseuntil the third month by creating a hysteria effect.
dc.identifier.doi10.7827/TurkishStudies.14148
dc.identifier.endpage74
dc.identifier.issn1308-2140
dc.identifier.issue22
dc.identifier.startpage63
dc.identifier.trdizinid303810
dc.identifier.urihttps://doi.org/10.7827/TurkishStudies.14148
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/303810
dc.identifier.urihttps://hdl.handle.net/11480/13210
dc.identifier.volume13
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.relation.ispartofTurkish Studies (Elektronik)
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241107
dc.subjectİktisat
dc.titlePETROLEUM PRICES, FOOD PRICES AND INFLATION RELATIONSHIP: FINDINGS OF STRUCTURAL VAR ANALYSIS
dc.typeArticle

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