Author/Authors
ÖZDEMİR, Selin Marmara Üniversitesi - İktisat Fakültesi - Ekonometri Bölümü, Turkey , AKGÜL, Işıl Marmara Üniversitesi - İktisat Fakültesi - Ekonometri Bölümü, Turkey
Title Of Article
The Effects of Crude Oil Prices and Domestic Gasoline Prices on Industrial Production : MS-VAR Analysis
شماره ركورد
44491
Abstract
The purpose of this study is contribute to literature by studying the effects of sudden changes both on crude oil import prices and domestic gasoline prices on industrial production for Turkey. Analyses have been done in the period of 2005:10-2014:02 by Markov-switching vector autoregressive (MS-VAR) models which are successful to capture the nonlinear properties of variables. By using of LR test, it has been found that there are 2 regimes in the analysis period and it has been found that the effect of the changes of crude oil and domestic gasoline prices on industrial production differs according to these regimes. It has also been demonstrated that there is a pass-through effect from of oil and gas prices to industrial production.
From Page
367
NaturalLanguageKeyword
Crude oil prices , Gasoline prices , Industrial production index , MS , VAR Model , MS , ADF Unitroot test
JournalTitle
Ege Academic Review (EAR)
To Page
378
JournalTitle
Ege Academic Review (EAR)
Link To Document