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Dependency on imported oil and its effects on current account

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dc.contributor.author Yalta, A. Yasemin
dc.contributor.author Yalta, Abdullah Talha
dc.date.accessioned 2019-05-23T05:53:20Z
dc.date.available 2019-05-23T05:53:20Z
dc.date.issued 2017
dc.identifier.citation Yalta, A. Y., & Yalta, A. T. (2017). Dependency on imported oil and its effects on current account. Energy Sources, Part B: Economics, Planning, and Policy, 12(10), 859-867. en_US
dc.identifier.issn 1556-7249
dc.identifier.other number of pages 9
dc.identifier.uri https://doi.org/10.1080/15567249.2017.1315753
dc.identifier.uri http://hdl.handle.net/20.500.11851/1089
dc.description.abstract Oil price hikes can have disruptive effects on the current account balances of oil-importing developing countries, which largely depend on external energy sources for domestic output. Nonetheless, the relation between oil prices and current account has been analyzed only in a limited number of studies for the developing countries. This paper contributes to the literature by examining the dynamics of how oil prices impact the current account in Turkey for the period between 2004 and 2015. For this purpose, a rolling window analysis using an advanced resampling technique, namely maximum entropy bootstrap (meboot), for strongly dependent time series data was performed. The empirical results reveal that oil price fluctuations have considerable effects on Turkey's current account balance. In order to curtail the current account deficit, it is crucial that Turkey redesigns its energy policies and seeks alternative energy sources. en_US
dc.language.iso eng en_US
dc.publisher Taylor & Francis Inc en_US
dc.rights info:eu-repo/semantics/closedAccess
dc.subject current account en_US
dc.subject Turkey en_US
dc.subject bootstrap en_US
dc.subject rolling windows en_US
dc.subject oil price en_US
dc.title Dependency on imported oil and its effects on current account en_US
dc.type article en_US
dc.relation.journal Energy Sources Part B-Economics Planning And Policy en_US
dc.contributor.department TOBB ETU, Faculty of Economics and Administrative Sciences, Department of Economics en_US
dc.contributor.department TOBB ETÜ, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü tr_TR
dc.identifier.volume 12
dc.identifier.issue 10
dc.identifier.startpage 859
dc.identifier.endpage 867
dc.contributor.orcid https://orcid.org/0000-0003-2660-1480
dc.identifier.wos WOS:000413858100003
dc.identifier.scopus 2-s2.0-85026366835
dc.contributor.tobbetuauthor Yalta, Abdullah Talha
dc.identifier.doi 10.1080/15567249.2017.1315753
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı tr_TR


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