Economics, Econometrics and Finance
a year ago

Oil Price Shocks in Türkiye Impact GDP, Employment, and Inflation Rates

2 views
Finans Ekonomi ve Sosyal Araştırmalar Dergisi
PETROL FİYATI ŞOKU VE TÜRKİYE EKONOMİSİNİN MAKROEKONOMİK PERFORMANSI
Sevgi Coşkun

Paper Summary

The price of oil can impact a country's economy. A study on Turkey's economy from 2009 to 2022 shows that oil price shocks do not significantly affect GDP, employment, or inflation. Over time, other factors become more important in explaining oil price changes. A rise in inflation, GDP, and employment rates can lead to an increase in oil prices.

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