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Journals / Uluslararası Yönetim İktisat ve İşletme Dergisi / 2017 / Cilt: 13 Sayı: 13 Özel Sayı

COMMODITY PRICES AFFECT EACH OTHER? ASYMMETRIC FREQUENCY CAUSALITY ANALYSIS

EMTİA FİYATLARI BİRBİRLERİNİ ETKİLER Mİ? ASİMETRİK FREKANS NEDENSELLİK ANALİZİ

Melik Kamışlı(Bilecik Şeyh Edebali Üniversitesi, Bozüyük MYO)
Serap Kamışlı(Bilecik Şeyh Edebali Üniversitesi, Uygulamalı Bilimler YO)
Fatih Temizel(Anadolu Üniversitesi, İİBF, İşletme Bölümü)
Pages
1079–1093
Publication Date
2017-12-01
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

As a result of this study, short, medium and long term asymmetric causality relations between the commodities were determined

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The crises experienced in recent years have caused the traditional investment instruments to be questioned.
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Key Findings & Data:In this context, data of oil, gold and silver prices between 16.09.200812.08.2017 were investigated by asymmetric frequency causality analysis.
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Conclusion & Impact:As a result of this study, short, medium and long term asymmetric causality relations between the commodities were determined
🔬Design:Araştırma Makalesi
📍Scope:2017 Verileri
⚙️Variables:Emtia Fiyatları · Asimetrik Frekans Nedensellik Analizi · Portföy Yönetimi

Abstract

The crises experienced in recent years have caused the traditional investment instruments to be questioned. This has led investors to focus more on commodities in portfolio construction process compared to the past. However, fluctuations in commodity prices, especially due to supply and demand, lead to the complication of the relations between alternative commodities. In this context, data of oil, gold and silver prices between 16.09.200812.08.2017 were investigated by asymmetric frequency causality analysis. As a result of this study, short, medium and long term asymmetric causality relations between the commodities were determined

Özet

Son yıllarda yaşanan krizler geleneksel yatırım araçlarının sorgulanmasına yol açmıştır. Bu durum ise yatırımcıların portföy oluşturma sürecinde emtialara eskiye oranla daha fazla yönelmelerine neden olmuştur. Bununla birlikte emtia fiyatlarında özellikle arz ve talebe bağlı olarak yaşanan dalgalanmalar ise alternatif emtialar arasındaki ilişkilerin karmaşıklaşmasına yol açmaktadır. Bu bağlamda çalışmada 16.09.2008-12.08.2017 tarihleri arasında petrol, altın ve gümüş fiyatlarına ait veriler, asimetrik frekans nedensellik analizi ile araştırılmıştır. Çalışma sonucunda söz konusu emtialar arasında kısa, orta ve uzun dönemde asimetrik nedensellik ilişkileri tespit edilmiştir.

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Cite This Article

Kamışlı, M., Kamışlı, S., Temizel, F. (2017). COMMODITY PRICES AFFECT EACH OTHER? ASYMMETRIC FREQUENCY CAUSALITY ANALYSIS. Uluslararası Yönetim İktisat ve İşletme Dergisi, Cilt: 13 Sayı: 13 Özel Sayı, 1079–1093. https://ajindex.com/articles/1220520

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