INDUSTRIAL PRODUCTION INDEX - CRUDE OIL PRICE NEXUS: RUSSIA, KAZAKHSTAN AND AZERBAIJAN

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dc.contributor.authorKaplan, Fatih
dc.contributor.authorÜnal, Ayşe E.
dc.date.accessioned2025-03-17T12:22:53Z
dc.date.available2025-03-17T12:22:53Z
dc.date.issued2020
dc.departmentTarsus Üniversitesi
dc.description.abstractThe study aims to examine the causality between industrial production index and crude oil price for Russia, Kazakhstan and Azerbaijan by using Frequency Domain Causality Analysis. For this purpose, the monthly data of the industrial production index and Brent oil price data over the period 1993-2019 are used. The Frequency Domain Causality Analysis suggests that the uni-directional causality relationship runs from oil prices to industrial production index is valid in the medium run for Russia and Azerbaijan and in the short run for Kazakhstan. How-ever, there is no uni-directional causality linkage between oil prices and industrial production index in the long run for any of the countries. We hope to contribute to the literature by using frequency-domain causality test which examines the interrelation of crude oil prices on industrial production with the periodicity in these countries. The finding of this study is expected to serve as a tool for industrial production policy. © 2020. All Rights Reserved.
dc.identifier.doi10.2298/EKA2027119K
dc.identifier.endpage141
dc.identifier.issn0013-3264
dc.identifier.issue227
dc.identifier.scopus2-s2.0-85187876498
dc.identifier.scopusqualityQ3
dc.identifier.startpage119
dc.identifier.urihttps://doi.org/10.2298/EKA2027119K
dc.identifier.urihttps://hdl.handle.net/20.500.13099/1453
dc.identifier.volume65
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherUniversity of Belgrade
dc.relation.ispartofEconomic Annals
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_Scopus_20250316
dc.subjectAzerbaijan
dc.subjectfrequency domain causality
dc.subjectindustrial production index
dc.subjectKazakhstan
dc.subjectoil prices
dc.subjectRussia
dc.titleINDUSTRIAL PRODUCTION INDEX - CRUDE OIL PRICE NEXUS: RUSSIA, KAZAKHSTAN AND AZERBAIJAN
dc.typeArticle

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