Causality Among Oil Prices, GDP and Exchange Rate: Evidence from Azerbaijan and Kazakhstan

dc.authoridDikkaya, Mehmet/0000-0002-5923-3787
dc.authoridDoyar, Bayram Veli/0000-0002-4886-7709
dc.contributor.authorDikkaya, Mehmet
dc.contributor.authorDoyar, Bayram Veli
dc.date.accessioned2025-01-21T16:34:16Z
dc.date.available2025-01-21T16:34:16Z
dc.date.issued2017
dc.departmentKırıkkale Üniversitesi
dc.description.abstractFollowing their independence, Azerbaijan and Kazakhstan, which place great importance to oil industry, have also succeeded in attracting foreign investments to this industry. Over time, this industry, which has become a key to the economy, has made the economy vulnerable particularly to oil prices. In this regard, current paper investigates causal relationships between quarterly time series of oil prices, GDP and exchange rate for both Azerbaijan and Kazakhstan separately. Toda-Yamamoto causality test results for Azerbaijan suggest that there are unidirectional causalities from exchange rate to oil prices, from oil prices to GDP and from GDP to exchange rate. As for Kazakhstan, causalities run from oil prices to GDP, exchange rate to GDP and oil prices to exchange rate.
dc.identifier.endpage98
dc.identifier.issn1301-0549
dc.identifier.issue83
dc.identifier.scopusqualityQ3
dc.identifier.startpage79
dc.identifier.trdizinid288090
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay288090
dc.identifier.urihttps://hdl.handle.net/20.500.12587/23929
dc.identifier.wosWOS:000414204600004
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.publisherAhmet Yesevi Univ
dc.relation.ispartofBilig
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241229
dc.subjectAzerbaijan; Kazakhstan; Oil Prices; GDP; Exchange Rate; Causality
dc.titleCausality Among Oil Prices, GDP and Exchange Rate: Evidence from Azerbaijan and Kazakhstan
dc.typeArticle

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