Oil prices and economic growth in major emerging economies: Evidence from asymmetric frequency domain causality tests

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dc.authorscopusid26653963900
dc.authorscopusid8873464300
dc.authorscopusid57218515560
dc.authorscopusid57216590422
dc.contributor.authorÇevik, Emrah İsmail
dc.contributor.authorDibooğlu, S.
dc.contributor.authorKantarcı, Tuğba
dc.contributor.authorÇalışkan, Hande
dc.date.accessioned2023-05-06T17:22:06Z
dc.date.available2023-05-06T17:22:06Z
dc.date.issued2020
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractThere is a strong correlation between energy prices and economic activity. The relationship particularly holds true for crude oil as changes in oil prices are associated with changes in production costs, and economic activity also generates significant demand for energy and crude oil. This chapter examines the relationship between economic activity and crude oil prices using causality tests in the frequency domain and taking into account the difference between positive and negative changes in both oil prices and economic activity as the relationship can be asymmetric. The authors present empirical results for major emerging economies including Brazil, Russia, India, China, South Africa, and Turkey. Empirical results indicate that for most countries there is bidirectional causality between crude oil prices and economic activity whereas only negative oil price shocks seem to negatively affect economic activity. © 2020 by IGI Global. All rights reserved.
dc.identifier.doi10.4018/978-1-7998-1093-3.ch001
dc.identifier.endpage23
dc.identifier.isbn9781799810957
dc.identifier.isbn1799810933
dc.identifier.isbn9781799810933
dc.identifier.scopus2-s2.0-85114651116
dc.identifier.startpage1
dc.identifier.urihttps://doi.org/10.4018/978-1-7998-1093-3.ch001
dc.identifier.urihttps://hdl.handle.net/20.500.11776/12025
dc.indekslendigikaynakScopus
dc.institutionauthorÇevik, Emrah İsmail
dc.institutionauthorKantarcı, Tuğba
dc.institutionauthorÇalışkan, Hande
dc.language.isoen
dc.publisherIGI Global
dc.relation.ispartofApplied Econometric Analysis: Emerging Research and Opportunities
dc.relation.publicationcategoryKitap Bölümü - Uluslararasıen_US
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.titleOil prices and economic growth in major emerging economies: Evidence from asymmetric frequency domain causality tests
dc.typeBook Chapter

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