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The Effect of Oil Prices on the Investments of Turkish Manufacturing Firms

Yıl 2017, Cilt: 17 Sayı: 1, 123 - 128, 15.03.2017
https://doi.org/10.18037/ausbd.415662

Öz



 Nowadays oil is the leading energy source in the world. Oil has got a critical importance on manufacturing, specially, in industrial areas. Whilst oil, directly or indirectly, composes the raw material of various products, it is also used as an energy source in running machinery in the manufacturing process. In the scope of this study it is researched that the effects of oil prices on business investments from the view point of manufacturing firms, operating in Turkey. In this study, international crude oil price data and some balance sheet and income statement data about the firms within the scope of work, are analyzed using the panel data analysis. The results of the study show that oil prices have an avoidant and statistically significant effect for the businesses operating in the manufacturing sectors in Turkey. 

Kaynakça

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  • Drakos, K., Konstantinou, P. (2013). Investment Decisions in Manufacturing: Assessing the Effects of Real Oil Prices and Their Uncertainty. Journal of Applied Econometrics, 28, 151-165.
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Toplam 12 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Makaleler
Yazarlar

Prof. Dr. Hüseyin Dağlı

Asst. Prof. Dr. Uğur Sevim

Yayımlanma Tarihi 15 Mart 2017
Gönderilme Tarihi 7 Eylül 2016
Yayımlandığı Sayı Yıl 2017 Cilt: 17 Sayı: 1

Kaynak Göster

APA Dağlı, P. D. H., & Sevim, A. P. D. U. (2017). The Effect of Oil Prices on the Investments of Turkish Manufacturing Firms. Anadolu Üniversitesi Sosyal Bilimler Dergisi, 17(1), 123-128. https://doi.org/10.18037/ausbd.415662