THE RELATIONSHIP BETWEEN INFLATION AND INTERNATIONAL OIL PRICES UNDER MULTIPLE STRUCTURAL BREAKS: THE CASE OF TURKEY

Basit Öğe Kaydı
dc.authoridKARTAL, GOKHAN/0000-0002-2006-6272
dc.contributor.authorKartal, Goekhan
dc.date.accessioned2024-11-07T13:25:03Z
dc.date.available2024-11-07T13:25:03Z
dc.date.issued2023
dc.departmentNiğde Ömer Halisdemir Üniversitesi
dc.description.abstractIn this study, the long-term relationship between inflation and international oil prices under multiple structural breaks in Turkey is analyzed using the data between 1960 and 2020. In this context, techniques, which multiple structural break unit root test suggested by Carrion-i-Silvestre et al. (2009) and multiple structural break cointegration test suggested by Maki (2012), were used. As a result of the cointegration analysis with multiple structural breaks, important structural break dates were obtained and, at the same time, the existence of a cointegration relationship between variables was determined, unlike Engle-Grang (1987) Cointegration Test results. FMOLS test results performed for the coefficient estimation show that a 1% increase in oil prices increases inflation by approximately 0.52% in the long-term. On the other hand, in the short-term, a 1% increase in oil prices increases inflation by approximately 0.35%. This results shows that oil price pass-through into inflation is moderate in long term under structural breaks in Turkey.
dc.identifier.doi10.30798/makuiibf.979569
dc.identifier.endpage56
dc.identifier.issn2149-1658
dc.identifier.issue1
dc.identifier.startpage28
dc.identifier.trdizinid1190745
dc.identifier.urihttps://doi.org/10.30798/makuiibf.979569
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1190745
dc.identifier.urihttps://hdl.handle.net/11480/14460
dc.identifier.volume10
dc.identifier.wosWOS:000960855600002
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.publisherMehmet Akif Ersoy Univ
dc.relation.ispartofJournal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241106
dc.subjectOil Prices
dc.subjectInflation
dc.subjectTurkish Economy
dc.subjectTime Series Analysis
dc.subjectMultiple Structural Breaks
dc.subjectUnit Root
dc.subjectCointegration
dc.titleTHE RELATIONSHIP BETWEEN INFLATION AND INTERNATIONAL OIL PRICES UNDER MULTIPLE STRUCTURAL BREAKS: THE CASE OF TURKEY
dc.typeArticle

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
TR-Dizin İndeksli Yayınlar Koleksiyonu