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The Relationship Between Commodity Prices and Selected Macroeconomic Variables in Turkey: Evidence From Fourier Cointegration Test

The Relationship Between Commodity Prices and Selected Macroeconomic Variables in Turkey: Evidence From Fourier Cointegration Test

Mustafa Uysal, Zafer Adalı
Copyright: © 2020 |Pages: 19
ISBN13: 9781799825593|ISBN10: 1799825590|EISBN13: 9781799825609
DOI: 10.4018/978-1-7998-2559-3.ch024
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MLA

Uysal, Mustafa, and Zafer Adalı. "The Relationship Between Commodity Prices and Selected Macroeconomic Variables in Turkey: Evidence From Fourier Cointegration Test." Handbook of Research on Decision-Making Techniques in Financial Marketing, edited by Hasan Dinçer and Serhat Yüksel, IGI Global, 2020, pp. 510-528. https://doi.org/10.4018/978-1-7998-2559-3.ch024

APA

Uysal, M. & Adalı, Z. (2020). The Relationship Between Commodity Prices and Selected Macroeconomic Variables in Turkey: Evidence From Fourier Cointegration Test. In H. Dinçer & S. Yüksel (Eds.), Handbook of Research on Decision-Making Techniques in Financial Marketing (pp. 510-528). IGI Global. https://doi.org/10.4018/978-1-7998-2559-3.ch024

Chicago

Uysal, Mustafa, and Zafer Adalı. "The Relationship Between Commodity Prices and Selected Macroeconomic Variables in Turkey: Evidence From Fourier Cointegration Test." In Handbook of Research on Decision-Making Techniques in Financial Marketing, edited by Hasan Dinçer and Serhat Yüksel, 510-528. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-2559-3.ch024

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Abstract

This chapter determines whether there is a long-run relationship among oil, copper, natural gas, export figures and import figures, and BIST 100. Within this context, the study employs monthly periods from January 2006 to June 2019. ADF, Fourier ADF, and Banerjee Cointegration Test were applied. Banerjee Cointegration Test revealed that copper, oil, and natural gas and import figures move together in the long run but the existence of the long-run relationship between the selected inputs and export figures and BIST 100 has not been found. This evidence can be interpreted as the change in oil, copper, and natural gas may influence the amount of Turkish import figures.

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