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Oil prices and current account: A structural analysis for the Turkish economy

✍ Scribed by Ümit Özlale; Didem Pekkurnaz

Book ID
108126117
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
328 KB
Volume
38
Category
Article
ISSN
0301-4215

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The goal of this paper is to examine the relationship between real GDP and oil prices using time series data for the period 1970-2005. Our main finding is that an increase in oil has a positive, albeit inelastic, impact on real GDP, inconsistent with the bulk of the literature. We argue that this is