Author/Authors
AKINCI, Merter Atatürk Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - İktisat Bölümü, Turkey , AKTÜRK, Ergün Atatürk Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - İktisat Bölümü, Turkey , YILMAZ, Ömer Atatürk Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - Ekonometri Bölümü, Turkey
Title Of Article
The Relationship Between Oil Prices and Economic Growth: Time Series Analysis for the Opec and Oil-Imported Countries
شماره ركورد
43137
Abstract
The relationship between oil prices and economic growth is the subject of many studies because oil price creates long-term macroeconomic impacts for the World economies. In this paper, therefore, the relationship between oil prices and economic growth is investigated by using time series analysis over the period of 1980–2011 for the OPEC and oil-imported countries. The results of time series analysis show that a rise in oil price creates a positive and statistically significant impact on economic growth for some oil-imported countries and a negative statistically significant effect on economic growth in Kiribati; besides, this positive relation arises only for the UAE that is a member of the OPEC. In addition, it is observed for some countries that both cointegration and causal relationships occur between the mentioned variables.
From Page
349
NaturalLanguageKeyword
Oil Prices , Economic Growth , Time Series Analysis
JournalTitle
Journal Of Graduate School Of Social Sciences
To Page
361
JournalTitle
Journal Of Graduate School Of Social Sciences
Link To Document