Oil Price, Output and Employment in Turkey: Evidence from Vector Error Correction Model

This paper assesses the relationship among oil prices, real output growth and employment in Turkey over the period 2000:1-2012:4 by using vector error correction methodology. Empirical findings indicate a long-run relationship among the variables. Besides, short-run causality results based on vector...

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Bibliographic Details
Main Authors: Bulent Altay, Mert Topcu, Ebru Erdogan
Format: Article
Language:English
Published: EconJournals 2013-12-01
Series:International Journal of Energy Economics and Policy
Subjects:
Online Access:https://dergipark.org.tr/tr/pub/ijeeep/issue/31907/350758?publisher=http-www-cag-edu-tr-ilhan-ozturk