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Journals / Abant İzzet Baysal Üniversitesi Sosyal Bilimler Enstitüsü Dergisi / 2018 / Cilt: 18 - Sayı: 3

THE RELATIONSHIP BETWEEN OIL PRICES AND EMPLOYMENT: PANEL DATA ANALYSIS IN G7 COUNTRIES

PETROL FİYATLARI VE İSTİHDAM İLİŞKİSİ: G7 ÜLKELERİ ÖRNEKLEMİNDE PANEL VERİ ANALİZİ

Aykut YAĞLIKARA
Şenay SARAÇ
Pages
31–47
Publication Date
2022-10-11
DOI
—
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AI Summary & Key Takeaways

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

In this context, cointegration and causality relation between oil prices and employment rate has been detected by using the data of crude oil prices and employment between the years of 1986-2014 for G7 countries.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Recently, costs arisen from energy consumption are the one of the most important inputs of industrial production, and oil prices are the main indicators with respect to these costs.
📊
Key Findings & Data:The aim of this study is to analyze the relationship between oil prices and employment for G7 countries each are net oil importers by panel data analysis.
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Conclusion & Impact:In this context, cointegration and causality relation between oil prices and employment rate has been detected by using the data of crude oil prices and employment between the years of 1986-2014 for G7 countries.
🔬Design:Research Article
📍Scope:2014 Verileri
⚙️Variables:Domain Parameters

Abstract

Recently, costs arisen from energy consumption are the one of the most important inputs of industrial production, and oil prices are the main indicators with respect to these costs. For this reason, the relationship between oil prices and macroeconomic variables has been examined in many studies. The aim of this study is to analyze the relationship between oil prices and employment for G7 countries each are net oil importers by panel data analysis. In this context, cointegration and causality relation between oil prices and employment rate has been detected by using the data of crude oil prices and employment between the years of 1986-2014 for G7 countries.

Özet

Günümüz koşullarında sanayi üretiminin en önemli girdisi enerji tüketimindenkaynaklanan maliyetler olup petrol fiyatları bu maliyetlerin ortaya konmasındaönemli bir gösterge niteliği taşımaktadır. Bu nedenle petrol fiyatları ilemakroekonomik değişkenler arasındaki ilişki birçok çalışmada ele alınmıştır.Bu çalışmanın amacı petrol fiyatları ile istihdam arasındaki ilişkiyi her biri netpetrol ithalatçısı olan G7 ülkeleri örnekleminde panel veri analiz yöntemiyleincelemektir. Bu kapsamda 1986-2014 dönemine ait yıllık ham petrol fiyatları veistihdam verileri kullanılarak gerçekleştirilen analizde söz konusu ülkeler içinpetrol fiyatları ile istihdam oranları arasında eşbütünleşme ve nedensellikilişkisinin varlığı tespit edilmiştir.

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Cite This Article

YAĞLIKARA, A., SARAÇ, Ş. (2022). THE RELATIONSHIP BETWEEN OIL PRICES AND EMPLOYMENT: PANEL DATA ANALYSIS IN G7 COUNTRIES. Abant İzzet Baysal Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, Cilt: 18 - Sayı: 3, 31–47. https://ajindex.com/articles/426735

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