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Journals / Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2020 / Cilt: 38 - Sayı: 4

THE EFFECT OF OIL PRICES ON INDUSTRIAL PRODUCTION INDEX AND UNEMPLOYMENT RATE IN TURKEY

TÜRKİYE'DE PETROL FİYATLARININ SANAYİ ÜRETİM ENDEKSİ VE İŞSİZLİK ORANI ÜZERİNDEKİ ETKİSİ

Asiye TÜTÜNCÜ
Şükran KAHVECİ
Pages
847–867
Publication Date
2020-12-28
DOI
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AI Summary & Key Takeaways

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

However, it has been found that the impact of oil prices on the industrial production index is stronger than unemployment.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, it is aimed to study the effect of changes occurring in the price of energy that is an important input for production on Turkey's production and employment levels.
📊
Key Findings & Data:In this context, relationships between oil prices and the industrial production index, oil prices and unemployment is tested using symmetrical, asymetric and time varying causality test for 2006: 1 - 2018: 12 month period.
💡
Conclusion & Impact:However, it has been found that the impact of oil prices on the industrial production index is stronger than unemployment.
🔬Design:Research Article
📍Scope:2006 Verileri
⚙️Variables:Petrol Fiyatları · sanayi üretim endeksi · işsizlik oranı

Abstract

In this study, it is aimed to study the effect of changes occurring in the price of energy that is an important input for production on Turkey's production and employment levels. In this context, relationships between oil prices and the industrial production index, oil prices and unemployment is tested using symmetrical, asymetric and time varying causality test for 2006: 1 - 2018: 12 month period. According to the findings, oil prices have an effect on the industrial production index and unemployment. However, it has been found that the impact of oil prices on the industrial production index is stronger than unemployment.

Özet

Bu çalışmada, üretim için önemli bir girdi olan enerjinin fiyatında meydana gelen değişimin Türkiye’nin üretim ve istihdam düzeyine etkisinin incelenmesi amaçlanmaktadır. Bu kapsamda, petrol fiyatları ile sanayi üretim endeksi ve işsizlik arasındaki ilişki simetrik, asimetrik ve zamanla değişen nedensellik testleri kullanılarak Türkiye ekonomisi için 2006: 1 – 2018: 12 aylık veri seti yardımıyla sınanmıştır. Elde edilen bulgular, petrol fiyatlarının sanayi üretim endeksi ve işsizliği etkilediğini göstermektedir. Ancak petrol fiyatlarının sanayi üretim endeksine etkisinin işsizliğe kıyasla daha güçlü olduğu tespit edilmiştir.

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Cite This Article

TÜTÜNCÜ, A., KAHVECİ, Ş. (2020). THE EFFECT OF OIL PRICES ON INDUSTRIAL PRODUCTION INDEX AND UNEMPLOYMENT RATE IN TURKEY. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 38 - Sayı: 4, 847–867. https://ajindex.com/articles/670173

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