The Relationship Between Commodity Prices and Selected Macroeconomic Variables in Turkey

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.

Modelling the dynamic connectedness among commodity prices, banking sector’s financial soundness, and macroeconomic variables in Ghana

“…If the banking sector is unable to handle these pressures, it could lead to a banking crisis, further worsening the economic situation (Siklos 2021;Tahar et al 2021). This could then lead to a tightening of credit conditions and a decrease in lending to businesses and households, which could negatively impact economic growth (Punzi 2019;Uysal and Adalı 2022). This situation could then lead to a decline in supply of other commodities, further exacerbating the initial shock (Jebabli et al 2014;Jena 2017).…”