Causality between Natural Gas Prices and Stock Market Returns in Turkey

Basit Öğe Kaydı
dc.authoridOzturk, Ilhan/0000-0002-6521-0901
dc.contributor.authorKandir, Serkan Yilmaz
dc.contributor.authorOzturk, Ilhan
dc.contributor.authorAcaravci, Ali
dc.date.accessioned2024-09-18T21:07:57Z
dc.date.available2024-09-18T21:07:57Z
dc.date.issued2013
dc.departmentHatay Mustafa Kemal Ãœniversitesien_US
dc.description.abstractThis study investigates the long-run relationship between natural gas prices and stock returns in Turkey by using Johansen and Juselius, and bounds testing approach of cointegration tests using quarterly data from 1995: 1 to 2009 : 3. Empirical findings suggest that there is no a unique long-term equilibrium relationship between natural gas prices, real GDP, real exchange rates and stock returns. On the other hand, Toda - Yamamoto causality approach results indicate that a unidirectional Granger causal relationship from stock prices to real GDP and natural gas prices and a unidirectional Granger causal relationship from real GDP to real exchange rates seem to exist in Turkey.en_US
dc.identifier.endpage220en_US
dc.identifier.issn1120-2890
dc.identifier.issn1973-820X
dc.identifier.issue2en_US
dc.identifier.startpage203en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12483/14046
dc.identifier.volume30en_US
dc.identifier.wosWOS:000325781500006en_US
dc.identifier.wosqualityQ4en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherSpringer International Publishing Agen_US
dc.relation.ispartofEconomia Politicaen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectEfficient Capital-Marketsen_US
dc.subjectTime-Series Evidenceen_US
dc.subjectEnergy-Consumptionen_US
dc.subjectEconomic-Growthen_US
dc.subjectError-Correctionen_US
dc.subjectCanadian Oilen_US
dc.subjectCointegrationen_US
dc.subjectCountriesen_US
dc.subjectShocksen_US
dc.subjectCompaniesen_US
dc.titleCausality between Natural Gas Prices and Stock Market Returns in Turkeyen_US
dc.typeArticleen_US

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