Munich Personal RePEc Archive

Ham Petrol İthalatı ve Ekonomik Büyüme: Türkiye

Ugurlu, Erginbay and Ünsal, Aydın (2009): Ham Petrol İthalatı ve Ekonomik Büyüme: Türkiye.

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Abstract

The relationship between crude oil import economic growth of Turkey is the main concern of this paper. Economic growth performance of Turkey depends on imported capital goods as well as oil. Oil price increases bring a heavy burden for Turkish economy since Turkey is an oil-importing developing economy. We aim to examine the effects of imported oil fluctuations on Turkey’s economic growth using vector autoregression (VAR) model in this paper. Annual data set for the period of 1971-2007 is used in this study. In order to capture the net effects of imported oil price on Turkey’s economic growth.

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