Uluslararası Avrasya Ekonomileri Kongresi

Uluslararası Avrasya Ekonomileri Konferansı

17-18 Eylül 2013 – St. Petersburg, RUSYA

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Paper ID : 810
Status : Paper published
Language : İngilizce
Topic : Doğal Kaynaklar ve Çevre Ekonomisi
Presenter: Assoc. Prof. Dr. Mehmet Mucuk
Session : 1A Energy

The Relationship between International Oil Prices and Current Account Deficit: The Case of Turkey
The Relationship between International Oil Prices and Current Account Deficit: The Case of Turkey

Abstract

In developing countries such as Turkey, the current account deficit, occuring due to the lack of national savings, is considered to be one of the determinants of economic crisis. At the same time owing to Turkey is dependent on foreign countries for energy resources, current account deficit is highly sensitive to fluctuations in the prices of these resources. This paper, investigates the causal relationship between international oil prices and current account deficit for Turkey using Johansen cointegration and causality tests. The empirical findings show that there is a relationship between two variables in the long term.

JEL codes: Q43, F32

Mucuk, Mehmet, Gerçeker, Mustafa, Ay, Ahmet (2013). "The Relationship between International Oil Prices and Current Account Deficit: The Case of Turkey" in Proceedings of International Conference of Eurasian Economies 2013, pp.24-31, St. Petersburg, RUSSIA.

DOI: https://doi.org/10.36880/C04.00810

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Oturum 1A: Energy

İstanbul Beykent Üniversitesi Türkiye Cumhuriyeti Merkez Bankası TİKA