EMPIRICAL ANALYSIS of the RELATIONSHIP BETWEEN OIL PRICE and TRADE BALANCE

Basit Öğe Kaydı
dc.contributor.authorKâhiloğulları, Ahmet
dc.date.accessioned2025-05-29T02:50:32Z
dc.date.available2025-05-29T02:50:32Z
dc.date.issued2024
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractThe impact of the oil shocks in the 1970s and the acceleration of globalization since the 1980s have led to the emergence of a vast literature investigating the relationship between the growth in world trade volume and various macroeconomic variables related to oil prices. Due to its significance as a commodity in economic activities, oil prices have remained a closely monitored indicator to this day. The aim of this study is to analyze the relationship between oil prices and trade balance. The study is conducted for a panel consisting of 8 countries (Bangladesh, Brazil, Colombia, India, Mauritius, Pakistan, Turkey, and South Africa) covering the period from 2006 to 2021. The relationships between variables are analyzed using the Fixed Effects Model and the Driscoll-Kraay estimator. The results of the study indicate the presence of weak relationships between oil prices and trade balance in terms of the Fixed Effects Model, while strong relationships are observed when analyzed with the Driscoll-Kraay Estimator. The study also demonstrates strong relationships between GDP, exchange rates, and trade balance in both prediction models.
dc.identifier.doi10.14514/beykozad.1457675
dc.identifier.endpage146
dc.identifier.issn2147-8082
dc.identifier.issn2651-5393
dc.identifier.issue2
dc.identifier.startpage133
dc.identifier.trdizinid1289512
dc.identifier.urihttps://doi.org/10.14514/beykozad.1457675
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1289512
dc.identifier.urihttps://hdl.handle.net/20.500.12428/29881
dc.identifier.volume12
dc.indekslendigikaynakTR-Dizin
dc.institutionauthorKâhiloğulları, Ahmet
dc.language.isoen
dc.relation.ispartofBeykoz Akademi Dergisi
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_TR_20250529
dc.subjectOil Prices
dc.subjectTrade Balance
dc.subjectDriscoll-Kraay Estimator
dc.subjectFixed Effect Model
dc.titleEMPIRICAL ANALYSIS of the RELATIONSHIP BETWEEN OIL PRICE and TRADE BALANCE
dc.typeArticle

Dosyalar

Koleksiyon

TR-Dizin İndeksli Yayınlar Koleksiyonu